IIP-55: Data Economy Index (DATA)

[Thomas_Hepner]

@overanalyser

I like the idea of a DATA index and I think there is certainly a space for something of this type in the coops portfolio… However, I’m a strong believer in keeping things simple and using a Market Cap based approach. As such I think DATA is a strong proposal.

Happy to hear you think DATA is a strong proposal!

@overanalyser

From a product point of view I see two challenges:

• Having sufficient liquidity for renFIL at all times so we can issue / redeem and rebalance. The absence of promised liquidity is a major contributor to the depreciation of CGI.
• Having an understanding of the market size for such a product. How much AUM can we get?

@Kiba and I are excited to tackle these challenges and get to product-market fit (i.e. high AUM) for DATA as quickly as possible. We believe that launching and iterating quickly is essential to discovering product-market fit.

@overanalyser

Finally, I see no benefit in the proposed Methodologist Compensation scheme based on AUM thresholds. I fully expect many of our products to exceed $1,000,000,000 AUM in the future, and allocating 8% of INDEX supply to each methodologist will rapidly exhaust our reserves / limit our ability to offer similar packages to others.

The partnership with a fledgeling DAO further complicates the Methodologist : coop discussion (as we already have structures for large Methodologists and for community contributors).

You, @verto0912, @Matthew_Graham, @BigSky7, and @trx314 have all expressed your reservations and/or disagreement with the draft INDEX rewards schedule we proposed in public or private (Discord/Zoom conversations).

I want to emphasize the draft nature of this proposal. Neither Kiba nor I believe this will be the final agreed upon INDEX rewards schedule . It should be considered a starting reference, along with the External Methodologist Program and Community Methodologist Program, to build the foundation for a long-term win-win relationship between Titans of Data and the Index Cooperative.

Will you support DG1 for DATA index while INDEX rewards is discussed further?