IIP-179: Modify the Organization Structure & Pod Representatives

[anthonyb.eth]

Hi @afromac,

Welcome back and I hope all is well your end. Thanks for the thoughtful questions, I will try to respond to all of them below:

@afromac

What are the real world implications of removing the engineering and treasury pods and giving control over their respective safes to a reduced ops pod?

There is basically no impact in practice. As you know, there was never a scenario where one of the Pods had to sign a transaction for another Pod. The primary role of each pod was managing signers on the subordinate pods.

@afromac

Per the original IIP you are amending IIP-170 :

• Engineering: To deploy and maintain Index Coop smart contracts and products
• Treasury: To manage the Index Coop treasury, pay expenses, collect revenue, and deploy capital to investments

As you said these were the roles of the Engineering and Treasury Pod. These roles do not change – the only change is the Engineering Operations Pod signers and Treasury Pod signers will be managed by the Operations Pod. These signers are still responsible for the same function.

@afromac

Previously these functions were split over a wider group of individuals to enhance decentralization, and reduce time commitments for signers.

Will both of these signing functions now be solely executed by Tonani Collective, Gaddon Leaze and Gateman Digital in a 2/3 multisig?

The signers of the subordinate Safes will remain the same. TC, GL, and GD will not need to sign more as it was very rare for one of three Pods to need to change signers out. The main goal here is to reduce the effort for INDEX token holders to do due diligence to ensure that the pod representatives represent their values. This IIP will bring the number of representatives from 9 to 3 which should be a much more manageable task to do well.

@afromac

If not, then what is the intention and what will normal operations around maintaining products and managing the treasury look like?

Just to clarify again, normal operations around maintaining products and treasury management will be handled by those signers on the Engineering Operations Pod and the Treasury Pod, but the Operations Pod will have the authority to change the signers in those Pods if they deem it necessary.

@afromac

Also, in your post you mentioned that the proposal “specifies the mandate of the Operations Pod”. However, I don’t see a specific mandate included in the text. Could please explain what is the intended mandate of the Operations Pod according to this proposal.

This was an oversight while drafting this post. The specific mandate will be the same as specified in IIP-170 with the only change being the added responsibilities of appointing signers to the Treasury and Engineering Operations Pod.

Note: I’ve edited the post to remove that sentence.

Thanks,
Anthony