# IIP-116: Redirect DPI, MVI, DATA and BED Revenue to Operations Account **URL:** \ **Category:** Proposal\ **Tags:** IIP\ **Created:** [25 November 2021 22:13 UTC](https://gov.indexcoop.com/t/iip-116-redirect-dpi-mvi-data-and-bed-revenue-to-operations-account/3283 "2021-11-25T22:13:11Z")\ **Posts on this page:** 13\ **Page:** 1
**Author:** ![Finance](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/finance/32/2184_2.png) [@Finance](https://gov.indexcoop.com/u/Finance)\ **Post date:** [25 November 2021 22:13 UTC](https://gov.indexcoop.com/t/iip-116-redirect-dpi-mvi-data-and-bed-revenue-to-operations-account/3283/1 "2021-11-25T22:13:11Z")
iip: 116 title: Redirect DPI, MVI, DATA and BED Revenue to Operations Account status: Proposed author: @Finance.Nest@Matthew_Graham, @ElliottWatts, @Hammad1412, @prairiefi, @Ahuja Created: 2021-11-25 # Simple Summary This proposal seeks to redirect the revenue streams generated by the DPI, MVI, DATA and BED product offering from the [Treasury](https://etherscan.io/address/0x9467cfadc9de245010df95ec6a585a506a8ad5fc) to the [Operations Account](https://etherscan.io/address/0xFafd604d1CC8b6B3B6CC859cF80Fd902972371C1). Ethereum Treasury Account: ‘[0x9467cfADC9DE245010dF95Ec6a585A506A8ad5FC](https://etherscan.io/address/0x9467cfadc9de245010df95ec6a585a506a8ad5fc)’ Ethereum Operations Account: '[0xFafd604d1CC8b6B3B6CC859cF80Fd902972371C1](https://etherscan.io/address/0xFafd604d1CC8b6B3B6CC859cF80Fd902972371C1)’ # Abstract Currently, the DPI, MVI, DATA and BED product revenue is directed to the Index Coop [Treasury](https://etherscan.io/address/0x9467cfadc9de245010df95ec6a585a506a8ad5fc). The Finance Nest recommends all Ethereum product revenue is redirected to the Ethereum Operations Account. Index Coop will soon have redirected the ETH2x-FLI and BTC2x-FLI products and the time has come to start transitioning the remaining products to the same model. In addition to redirecting DPI, MVI, DATA and BED product revenue to the Ethereum Operations Account, the Finance Nest requests all MVI and BED tokens be transferred to the Ethereum Operations Account. Do note, [DPI](https://gov.indexcoop.com/t/iip-101-authorize-the-operations-account-for-rari-capital-strategies/3076) and [FLI products](https://gov.indexcoop.com/t/iip-87-transfer-fli-products-in-treasury-to-operations-account/2444) are already IIP approved to be transferred to the Ethereum Operations Account. # Motivation Index Coop is about to form a [Liquidity Pod](https://gov.indexcoop.com/t/proposed-iip-110-forming-a-liquidity-pod/3241) and Finance Nest expects this liquidity pod to request via IIP an amount of ETH and product to fund various liquidity positions across Ethereum and other networks. These LP positions will be managed from the respective Operations Account. With the revenue from the various products being delivered directly into the respective Operations Account, the [Liquidity Pod](https://gov.indexcoop.com/t/proposed-iip-110-forming-a-liquidity-pod/3241) will gain immediate access to that capital. This proposal eliminates the need to request funds to be transferred from the Treasury to the Ethereum Operations Account. Currently, the main [Treasury](https://etherscan.io/address/0x9467cfadc9de245010df95ec6a585a506a8ad5fc) does a lot more than just hold INDEX and the vision for the Treasury is to only hold the communities INDEX balance, distribute methodologist incentives and receive tokens from the 2nd and 3rd year vesting contracts. By transferring the revenue stream from the Treasury to the Operations Account Index Coop is streamlining its operational efficiency. This proposal addresses the need to have product revenue redirected to the respective network’s Operations Account where it can be more effectively managed. At the time of writing the [Treasury](https://etherscan.io/address/0x9467cfadc9de245010df95ec6a585a506a8ad5fc) wallet is still managed by founder Set labs. # Specification The DPI, MVI, DATA and BED products revenue is to be redirected to the Ethereum Operations Account. Operations Account: ‘[0xFafd604d1CC8b6B3B6CC859cF80Fd902972371C1](https://etherscan.io/address/0xFafd604d1CC8b6B3B6CC859cF80Fd902972371C1)’ This IIP will require developer lift in a similar fashion to [IIP-72](https://gov.indexcoop.com/t/iip-72-redirect-fli-revenue-to-operations-account/2368). # Voting FOR: DO redirect the DPI, MVI, DATA and BED revenue from the Treasury to the Ethereum Operations Account. DO transfer all MVI and BED from the Treasury to Ethereum Operations Account. AGAINST: DO NOT redirect the DPI, MVI, DATA and BED revenue from the Treasury to the Ethereum Operations Account. DO NOT transfer all MVI and BED from the Treasury to Ethereum Operations Account. # Copyright Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/). ---
**Author:** ![MrMadila](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/mrmadila/32/4002_2.png) [@MrMadila](https://gov.indexcoop.com/u/MrMadila)\ **Post date:** [26 November 2021 01:11 UTC](https://gov.indexcoop.com/t/iip-116-redirect-dpi-mvi-data-and-bed-revenue-to-operations-account/3283/2 "2021-11-26T01:11:42Z")
Not sure I’m a fan of this posting from faceless profiles tbh. Let’s keep transparency. ---
**Author:** ![mrvls\_brkfst](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/mrvls_brkfst/32/401_2.png) [@mrvls\_brkfst](https://gov.indexcoop.com/u/mrvls_brkfst)\ **Post date:** [27 November 2021 08:53 UTC](https://gov.indexcoop.com/t/iip-116-redirect-dpi-mvi-data-and-bed-revenue-to-operations-account/3283/3 "2021-11-27T08:53:11Z")
It does at first look like a new third party. If I had to choose, I prefer authors to be named. Fine to add a Finance.Nest umbrella or tag. ---
**Author:** ![Finance](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/finance/32/2184_2.png) [@Finance](https://gov.indexcoop.com/u/Finance)\ **Post date:** [27 November 2021 09:39 UTC](https://gov.indexcoop.com/t/iip-116-redirect-dpi-mvi-data-and-bed-revenue-to-operations-account/3283/4 "2021-11-27T09:39:01Z")
Hi @mel.eth, @sixtykeys, @Mringz, Can we please have an IIP number assigned. ---
**Author:** ![ElliottWatts](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/elliottwatts/32/878_2.png) [@ElliottWatts](https://gov.indexcoop.com/u/ElliottWatts)\ **Post date:** [29 November 2021 12:02 UTC](https://gov.indexcoop.com/t/iip-116-redirect-dpi-mvi-data-and-bed-revenue-to-operations-account/3283/5 "2021-11-29T12:02:11Z")
Hi @mel.eth, @sixtykeys, @Mringz. Would we be able to queue this up for snapshot today please (29th November) ---
**Author:** ![sixtykeys](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/sixtykeys/32/3632_2.png) [@sixtykeys](https://gov.indexcoop.com/u/sixtykeys)\ **Post date:** [29 November 2021 12:07 UTC](https://gov.indexcoop.com/t/iip-116-redirect-dpi-mvi-data-and-bed-revenue-to-operations-account/3283/6 "2021-11-29T12:07:57Z")
An IIP number 114 has been assigned to this proposal. Since it has spent the minimum 48 hours in the proposed state, this proposal will be queued for snapshot at the date called by the author. cc: @mel.eth ---
**Author:** ![sixtykeys](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/sixtykeys/32/3632_2.png) [@sixtykeys](https://gov.indexcoop.com/u/sixtykeys)\ **Post date:** [29 November 2021 13:41 UTC](https://gov.indexcoop.com/t/iip-116-redirect-dpi-mvi-data-and-bed-revenue-to-operations-account/3283/7 "2021-11-29T13:41:00Z")
This IIP has been queued to go live on Snapshot later today at 1800 UTC. [Snapshot here](https://snapshot.org/#/index-coop.eth/proposal/0x44ba0f55de0c4d6875b36f3f7cdacb3b144bd782d9535c52862cd8c41fd1848f) ---
**Author:** ![sixtykeys](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/sixtykeys/32/3632_2.png) [@sixtykeys](https://gov.indexcoop.com/u/sixtykeys)\ **Post date:** [6 December 2021 23:46 UTC](https://gov.indexcoop.com/t/iip-116-redirect-dpi-mvi-data-and-bed-revenue-to-operations-account/3283/8 "2021-12-06T23:46:48Z")
Confirming that this IIP has passed with 298.19k INDEX (100%) voting FOR ✅ [Snapshot here](https://snapshot.org/#/index-coop.eth/proposal/0x44ba0f55de0c4d6875b36f3f7cdacb3b144bd782d9535c52862cd8c41fd1848f) ---
**Author:** ![dylan](https://avatars.discourse-cdn.com/v4/letter/d/e95f7d/32.png) [@dylan](https://gov.indexcoop.com/u/dylan)\ **Post date:** [15 December 2021 19:59 UTC](https://gov.indexcoop.com/t/iip-116-redirect-dpi-mvi-data-and-bed-revenue-to-operations-account/3283/9 "2021-12-15T19:59:13Z")
Redirecting legacy products (DPI, MVI) will require upgrading the manager contracts to new BaseManagerV2 contracts. This is similar to the work being done for [IIP-64 here](https://gov.indexcoop.com/t/iip-64-methodologist-smart-contract-permissioning/2200/3). Work will begin on IIP-116 once IIP-64 has been completed. ---
**Author:** ![sixtykeys](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/sixtykeys/32/3632_2.png) [@sixtykeys](https://gov.indexcoop.com/u/sixtykeys)\ **Post date:** [3 January 2022 11:50 UTC](https://gov.indexcoop.com/t/iip-116-redirect-dpi-mvi-data-and-bed-revenue-to-operations-account/3283/10 "2022-01-03T11:50:15Z")
Hey @dylan , any updates on the implementation of this IIP and [IIP-64](https://gov.indexcoop.com/t/iip-64-methodologist-smart-contract-permissioning/2200/22) as well? ---
**Author:** ![dylan](https://avatars.discourse-cdn.com/v4/letter/d/e95f7d/32.png) [@dylan](https://gov.indexcoop.com/u/dylan)\ **Post date:** [7 January 2022 20:31 UTC](https://gov.indexcoop.com/t/iip-116-redirect-dpi-mvi-data-and-bed-revenue-to-operations-account/3283/11 "2022-01-07T20:31:36Z")
Hey @sixtykeys, This work is still underway. I’ve posted some details here: > [@IIP-72 Redirect FLI Revenue to Operations Account](https://gov.indexcoop.com/t/iip-72-redirect-fli-revenue-to-operations-account/2368/22): > > This transfer will be batched along with IIP-109 and IIP-114. Implementation of this IIP has already begun, however like I mentioned above the base manager upgrades this requires are sensitive and must be executed perfectly. EWG has prioritized getting code reviews completed from Set on intrinsic productivity rebalances first. These should be up for review next. ---
**Author:** ![sixtykeys](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/sixtykeys/32/3632_2.png) [@sixtykeys](https://gov.indexcoop.com/u/sixtykeys)\ **Post date:** [3 February 2022 15:39 UTC](https://gov.indexcoop.com/t/iip-116-redirect-dpi-mvi-data-and-bed-revenue-to-operations-account/3283/12 "2022-02-03T15:39:40Z")
Hey @dylan seeing as the [manager upgrades for the FLI products](https://gov.indexcoop.com/t/iip-72-redirect-fli-revenue-to-operations-account/2368/24) have been completed, are there any updates in relation to this IIP? ---
**Author:** ![dylan](https://avatars.discourse-cdn.com/v4/letter/d/e95f7d/32.png) [@dylan](https://gov.indexcoop.com/u/dylan)\ **Post date:** [4 February 2022 17:45 UTC](https://gov.indexcoop.com/t/iip-116-redirect-dpi-mvi-data-and-bed-revenue-to-operations-account/3283/13 "2022-02-04T17:45:27Z")
DPI/MVI & BED have not been upgraded to new manager contracts yet, and as such can not redirect revenue to the Operations account, without also designating the operations account as product operator (e.g. in charge of SC upgrades & rebalances). Work to upgrade DPI/MVI/BED base manager upgrades is being scheduled.