I took the time to read through most of the Intrinsic Productivity (IP) governance posts that have taken place since December, and while I am still confused about many aspects, I have come to a few beliefs and a conclusion.
Beliefs:
1. The Index Coop is Slow and Bureaucratic: IP discussions have been ongoing for ~7 months now. My sense is that organizationally the Index Coop is in a logjam and @reganbozman and @Kiba are trying to break the logjam and make incremental steps that bring immediate value to DPI holders while maintaining a long-term strategic view of the product. I echo @reganbozman’s comment that it simply unacceptable that DPI’s KNC position is being diluted at ~10% annually.
2. Investors want trust and abstraction, not understanding: I disagree with @overanalyser 's comment above that DPI investors would prefer something “easy to understand”. As a DPI holder, you are implicitly making a very speculative investment on frontier crypto technology; you are looking for abstraction, not simplicity of understanding. As a DPI holder, I am trusting (yes, trusting) the Index Coop community to make good technical and financial risk and return decisions within the DPI tokenset with the guarantee that I can always exit the asset if I disagree with those decisions.
3. The Community wants Intrinsic Productivity (IP): The vote in favor of @Kiba’s proposal is 92% yes to 8% no, and the at least half of the no votes are from the two people (@overanalyser @trx314) who are huge supporters of IP products. This means at least 96% of highly engaged community members, as evidenced by voting on this forum post, want IP. Simply put, the Coop has to have a public plan to make this happen.
Conclusion (Proposal): Form a short-lived Intrinsic Productivity team responsible for bringing a plan/ proposal to the community to either (1) update DPI with IP or (2) create a new DPI product with IP. My suggestions for the proposal are:
- Unanimous Agreement: has support from all project team members as signatories.
- Ownership: It is clear who is responsible for implementing the plan with clear timelines and commitments.
- Short-term and Long-term Viewpoints: Takes long-term Coop product development and strategic goals into consideration without letting the “perfect be the enemy of the good” to create immediate value.
Here are my suggestions for the IP team members:
- Team Lead: @anon10525910
- Set Protocol: @setoshi
- DeFi Pulse Index: @scott_lew_is
- IP Research Leads: @overanalyser / @richard / @Kiba
- Treasury Representative: @LemonadeAlpha
- Business Development Representative: @reganbozman