# IIP-149: Incorporate Index Coop **URL:** \ **Category:** Finance\ **Tags:** IIP\ **Created:** [11 April 2022 08:42 UTC](https://gov.indexcoop.com/t/iip-149-incorporate-index-coop/4146 "2022-04-11T08:42:39Z")\ **Posts on this page:** 16\ **Page:** 2
**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:** [17 April 2022 14:26 UTC](https://gov.indexcoop.com/t/iip-149-incorporate-index-coop/4146/22 "2022-04-17T14:26:26Z")
Let’s put this to vote. We are keen to move this forward. 🙂 @GovNest - can we please schedule a vote for this week. Thank you in advance. ---
**Author:** ![StepvhenH](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/stepvhenh/32/2387_2.png) [@StepvhenH](https://gov.indexcoop.com/u/StepvhenH)\ **Post date:** [18 April 2022 00:05 UTC](https://gov.indexcoop.com/t/iip-149-incorporate-index-coop/4146/23 "2022-04-18T00:05:24Z")
This is a pretty big decision for the Coop. Would it be worth dedicating a Leadership Forum to talking through the pros/cons and giving people a chance to ask questions in a group setting? ---
**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:** [18 April 2022 10:37 UTC](https://gov.indexcoop.com/t/iip-149-incorporate-index-coop/4146/24 "2022-04-18T10:37:31Z")
Great stuff @CryptoTaxGuy.ETH thanks for clarifying the communities questions. I think we should move this forward to a vote this week so that we can start working through the specifics and implementing the structure. @StepvhenH if you have any specific questions I would urge you to add them to this forum post so that @CryptoTaxGuy.ETH can aid with any concerns you may have. ---
**Author:** ![GovNest](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/govnest/32/3129_2.png) [@GovNest](https://gov.indexcoop.com/u/GovNest)\ **Post date:** [18 April 2022 15:39 UTC](https://gov.indexcoop.com/t/iip-149-incorporate-index-coop/4146/25 "2022-04-18T15:39:51Z")
Hey @Finance , assuming this is a request from Finance Nest Contributors (@ElliottWatts and @Matthew_Graham ). Could we please create a separate proposal post inorder to comply with the standard [IIP Template](https://app.gitbook.com/o/-MJY-YCHa4nXdp1tFkuF/s/-MJY-enmfAw5ra2s-8QX/governance/index-improvement-proposals-iips/iip-template). Assuming the intention of this post was community feedback and preliminary discussion with no indication of the ideas presented here being implemented. A new post in the standard proposal format, would be much better served to inform the community that you now plan to move forward with incorporation of the Index Coop. ---
**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:** [18 April 2022 17:19 UTC](https://gov.indexcoop.com/t/iip-149-incorporate-index-coop/4146/26 "2022-04-18T17:19:22Z")
Hi @GovNest, We have amended the post to reflect the IIP format. Do let us know if there are any concerns. If not, please do schedule a vote at the earliest. ---
**Author:** ![mel.eth](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/mel.eth/32/3539_2.png) [@mel.eth](https://gov.indexcoop.com/u/mel.eth)\ **Post date:** [18 April 2022 19:27 UTC](https://gov.indexcoop.com/t/iip-149-incorporate-index-coop/4146/27 "2022-04-18T19:27:05Z")
As a matter of practice please make sure DRIs for execution are specified along with governing account as there is a funding requirement should this pass. ---
**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:** [19 April 2022 07:23 UTC](https://gov.indexcoop.com/t/iip-149-incorporate-index-coop/4146/28 "2022-04-19T07:23:32Z")
Hi @GovNest. Can this be scheduled to go live today on snapshot? Thanks ---
**Author:** ![mel.eth](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/mel.eth/32/3539_2.png) [@mel.eth](https://gov.indexcoop.com/u/mel.eth)\ **Post date:** [19 April 2022 09:40 UTC](https://gov.indexcoop.com/t/iip-149-incorporate-index-coop/4146/29 "2022-04-19T09:40:41Z")
Gm @Finance - Given that this appears to be a request from a nest within the Index Coop DAO not covered by the current DAO Seasonal funding request ([IIP-139 - Season 1 Budget Approval](https://gov.indexcoop.com/t/iip-139-season-1-budget-approval/3985)) I’m tagging the sitting Index Council for review and approval as this would represent an external agreement with fee obligations to IC. I’d recommend coordinating directly with the council responsible for delegation of new areas of execution within the DAO. For expeditious review and comment: @afromac @0x_Dev @catjam @edwardk @anthonyb.eth ---
**Author:** ![Matthew\_Graham](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/matthew_graham/32/1336_2.png) [@Matthew\_Graham](https://gov.indexcoop.com/u/Matthew_Graham)\ **Post date:** [19 April 2022 10:19 UTC](https://gov.indexcoop.com/t/iip-149-incorporate-index-coop/4146/30 "2022-04-19T10:19:47Z")
Hi All, For those that are interested in following this topic as it move across the industry, Balancer recently made a post on there governance forum detailing a similar strategy to what is outlined above. The details can be found below: > **[\[Proposal\] Incorporation of the Balancer Foundation](https://forum.balancer.fi/t/proposal-incorporation-of-the-balancer-foundation/2989)** > > This proposal has been developed by the Balancer Foundation Working Group (LuukDAO#5294, Mog#1336, Mkflow#7938, Xeonus#4620, Solarcurve#5075) SUMMARY Over the last few months, a group of active community members has been evaluating the potential of... ---
**Author:** ![afromac](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/afromac/32/581_2.png) [@afromac](https://gov.indexcoop.com/u/afromac)\ **Post date:** [19 April 2022 11:11 UTC](https://gov.indexcoop.com/t/iip-149-incorporate-index-coop/4146/31 "2022-04-19T11:11:27Z")
Hi @mel.eth The council has read and signed off on this proposal. We are happy for it to proceed to vote. cc: @Matthew_Graham @ElliottWatts @Metfanmike ---
**Author:** ![GovNest](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/govnest/32/3129_2.png) [@GovNest](https://gov.indexcoop.com/u/GovNest)\ **Post date:** [19 April 2022 13:34 UTC](https://gov.indexcoop.com/t/iip-149-incorporate-index-coop/4146/32 "2022-04-19T13:34:57Z")
Hey @Finance , an IIP number (149) has been assigned to this proposal. Since an IIP number has just been assigned, and the status has been changed from ‘draft’ to ‘proposed’, the 48 hour formal discussion period for this IIP will start now. This signals to the community that this vote will soon go up for a snapshot vote, and we request that any additional feedback and discussion be done during this formal and final discussion period. A GovRep (@sixtykeys ) has been assigned to review and run this proposal through the IIP Process. Unfortunately as per process, this vote cannot go live today. The soonest this vote can be queued is 21st April 2022, to go live on the same date. If this presents any blockers, feel free to communicate this here. For reference, an overview of the IIP Process can be found [here](https://docs.indexcoop.com/governance/index-improvement-proposals-iips), and guidelines for the usage of the GovNest account can be found [here](https://gov.indexcoop.com/t/governance-requests-govnest-account-guidelines/4034). cc: @Matthew_Graham @ElliottWatts @Metfanmike @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:** [20 April 2022 09:38 UTC](https://gov.indexcoop.com/t/iip-149-incorporate-index-coop/4146/33 "2022-04-20T09:38:09Z")
Hey @Finance, review is complete. If you are alright with 21st April 2022, I will go ahead and queue the vote on that date (@1800UTC). I will report back here with a snapshot link once the vote has been queued. ---
**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:** [20 April 2022 09:46 UTC](https://gov.indexcoop.com/t/iip-149-incorporate-index-coop/4146/34 "2022-04-20T09:46:52Z")
21st April is fine. Thanks ---
**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:** [21 April 2022 16:02 UTC](https://gov.indexcoop.com/t/iip-149-incorporate-index-coop/4146/35 "2022-04-21T16:02:13Z")
Hi @sixtykeys the vote is due to start in 1 hour but I haven’t seen it posted to snapshot? Just want to make sure we aren’t delayed here. Thanks in advance ---
**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:** [21 April 2022 16:12 UTC](https://gov.indexcoop.com/t/iip-149-incorporate-index-coop/4146/36 "2022-04-21T16:12:11Z")
@ElliottWatts Forgive me for the suspense. The 48 hour period had just ended a few hours prior. This IIP has been queued on snapshot and will start today (@1800 UTC). As promised, please find the link below. [Snapshot here](https://snapshot.org/#/index-coop.eth/proposal/0x65ef67d40c353818843cf9543f5d07310cfe71ccdcd62bbe0f44b66302bf8fb5) ---
**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:** [25 April 2022 19:09 UTC](https://gov.indexcoop.com/t/iip-149-incorporate-index-coop/4146/37 "2022-04-25T19:09:27Z")
Confirming that this IIP has passed with 462K INDEX (95.12%) voting FOR ✅ [Snapshot here](https://snapshot.org/#/index-coop.eth/proposal/0x65ef67d40c353818843cf9543f5d07310cfe71ccdcd62bbe0f44b66302bf8fb5) [Previous page](https://gov.indexcoop.com/t/iip-149-incorporate-index-coop/4146.md?page=1)