Governance House

[lee0007]

@Matthew_Graham

With respect to internal Index Coop votes, Governance House as a collective group shall abstain from Index Coop’s IIP voting that is not specific to Governance House

This is a little akin to a government voting in its own election on the basis of representative power. GH should specifically ABSTAIN from voting in regards to Governance House, if the intention here is to operate as a SubDAO subject to the will of INDEX token hodlers

@Matthew_Graham

Do note, this means each respective INDEX holder’s votes are still implemented via the delegate address and the decision to vote and how to vote falls solely on the owner of the INDEX tokens

And GH retains the voting power of all holders that do not vote,correct?

@Matthew_Graham

For larger INDEX holders who delegate INDEX voting rights to Governance House, a wallet is set up whereby the delegator can participate in IIPs and Governance House can participate in Metagovernance votes.

Do you have a threshold for large already in mind?
Why is this set up different for large index holders/delegates?
What is the purpose (advantage) of differentiating between delegates?
Or to ask the question a different way.
Why is the set up different for delegates not considered large.?

@Matthew_Graham

Index Coop’s metagovernance votes will be delegated to an EOA as determined by Governance House

Can you explain the purpose (advantages) of an Externally Operated Account ?
Sans smart contracts right?
How is the decision to select the EOA undertake?

@Matthew_Graham

The creation of Governance House enables any good actor across DeFi to propose an improvement to a protocol. Governance House can provide everything from a full turn key solution to simply providing proposal power to implement an improvement proposal. This type of service does not exist in DeFi today.

@Matthew_Graham

Governance House is a subDAO of Index Coop consisting of like minded delegates and contributors who are all working to improve DeFi, through coordinating and implementing welcomed change on existing protocols.

Sounds great! but tbh something (everything?) about this feel s like M&A territory

@Matthew_Graham

The longer term intention is to distribute rewards to delegates

So basically the small group of well connected, active and trusted individuals seek to accrue immense power first, and then get paid to wield it? Just wondering if anyone else is questioning the motivations for this proposal at about this point…

@Matthew_Graham

Upside

• Pathway to proposal power at a fourth major protocol, (Aave, Compound, Uniswap, ??).
• Pathway to meeting voting threshold at a major protocol.
• Deep integration with several leading DAOs across DeFi.

Great upside, tangential to the Index Coop mission. Having clarified the benefits can you please discuss the limitations and risks associated with this proposal?

@Matthew_Graham

Governance House can boost voter turnout by being an active voter

Can you clarify how delegate voting moves towards “the goal of trying to solve the voter apathy problem across defi.” Doesn’t delegation somewhat rely on voter apathy or at least ambivalence?

This is certainly innovative, I’m just not seeing how this helps us focus on achieving our mission. Keen to see how the conversation evolves