# IIP-59-Final: Data Economy Index (DATA) **URL:** \ **Category:** Proposal\ **Tags:** IIP\ **Created:** [9 August 2021 15:39 UTC](https://gov.indexcoop.com/t/iip-59-final-data-economy-index-data/2310 "2021-08-09T15:39:43Z")\ **Posts on this page:** 1\ **Showing post:** 2
**Author:** ![Thomas\_Hepner](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/thomas_hepner/32/111_2.png) [@Thomas\_Hepner](https://gov.indexcoop.com/u/Thomas_Hepner)\ **Post date:** [10 August 2021 23:36 UTC](https://gov.indexcoop.com/t/iip-59-final-data-economy-index-data/2310/2 "2021-08-10T23:36:46Z")
**Titans of Data wants to provide additional context and rationale for the unusual Fee Split for DATA.** Firstly, the Fee Split was mutually agreed upon between Index Cooperative and Titans of Data in the [DATA Methodologist Fee Split Offer](https://gov.indexcoop.com/t/data-methodologist-fee-split-offer/2276) forum post. After a [successful DG1 vote](https://snapshot.org/#/index-coop.eth/proposal/QmSFp29qpcEnzvjr1UhciyVL7No1gMLDwnGLRjiX8448TQ), the primary blocker to moving DATA forward was negotiating a fee split that worked for both Index Coop and Titans of Data. During the product onboarding process, Titans of Data brought up concerns with the existing methodologist compensation framework and even proposed an alternative structure [here](https://gov.indexcoop.com/t/request-for-discussion-methodologist-accelerator-program/2254). The [DATA Methodologist Fee Split Offer](https://gov.indexcoop.com/t/data-methodologist-fee-split-offer/2276) acknowledges that the “_current methodologist reward system is flawed and requires an eventual overhaul_”, but moves DATA forward by doing the following: 1. **Defines a Future Roadmap:** Lays out a roadmap for launching DATA under the current methodologist reward system with the expectation that there will be an official Index Cooperative IIP for future methodologist fee split/reward program launched no later than Sep 30, 2021. 2. **Provides an Option to Off-Board DATA:** Gives Titans of Data the option to off-board DATA from Index Cooperative should the IIP referenced in the Future Roadmap above not be brought forward by the agreed upon timeline or Titans of Data does not consent to the terms of the IIP. **Titans of Data is excited by this offer because it achieves our goals of (1) launching DATA quickly through the Index Coop, and (2) includes us as meaningful stakeholders in Index Coop governance decisions impacting Methodologists.** We love @snasps idea to create a [Methodologists committee](https://gov.indexcoop.com/t/request-for-discussion-fli-fee-split/2251/5), and hope to participate and contribute to if we are given the opportunity. We also want to acknowledge that the clause around off-boarding may be concerning or confusing to INDEX tokenholders. I hope to clarify and assuage concerns about this specific portion: > [@Thomas\_Hepner](#): > > Titans of Data has the right to off-board DATA from the Index Coop’s product offerings no later than Ethereum mainnet block [13531000](https://etherscan.io/block/countdown/13531000) (est. October 30, 2021) or Ethereum mainnet block [13923000](https://etherscan.io/block/countdown/13923000) (est. December 31, 2021) should they not wish to continue with the fee split and methodologist bounty outlined or any new program produced by the Index Cooperative, should one be proposed after block [13333000](https://etherscan.io/block/countdown/13333000) (est. Sept 30th, 2021). Tokenholders may reasonably ask the following questions: 1. What is “off-boarding”? 2. Why is this clause in the Fee Split section of the DATA IIP? Per @oneski22, [here](https://gov.indexcoop.com/t/data-methodologist-fee-split-offer/2276/2) is the definition of “off-boarding” provided in the DATA Methodologist Fee Split Offer. > [@DATA Methodologist Fee Split Offer](https://gov.indexcoop.com/t/data-methodologist-fee-split-offer/2276/2): > > Off boarding is a hard break, meaning DATA would be removed from all IndexCoop Documentation and UIs. The manager contract would be passed to Titans of Data. Any smoother off boarding procedure will require an IIP. The off-boarding clause is intended to build mutual trust before launching DATA. It is included to protect the interests of Titans of Data if the future methodologist fee split/reward program either fails to pass or receive our consent. In addition, specific Ethereum mainnet blocks are specified to protect the interests of the Index Cooperative by clearly defining future dates by which Titans of Data is obligated to make a decision about whether to keep DATA with Index Coop or off-board the product given the substantial times and resources expected from Index Coop to make DATA a successful product. **Let us be clear - Titans of Data wants to launch DATA through Index Coop and keep it with Index Coop for the long-term.** The off-boarding clause gives Titans of Data and the Index Coop community the time we need to reach consensus around a future methodologist fee split/reward program that is fair and reasonable to all methodologists, present and future, as well as the Index Cooperative. **Titans of Data is committed to contributing and participating in these tough conversations in good faith with the Index Cooperative. We are incredibly excited to build a long-term partnership with Index Coop that shares in the success of the DATA index. We ask for your support and vote for DG2!** cc: - Index Coop FT Contributors: @BigSky7, @verto0912, @DarkForestCapital, @LemonadeAlpha , @jdcook - Titans of Data: @Kiba --- _[View the full topic](https://gov.indexcoop.com/t/iip-59-final-data-economy-index-data/2310)._