title: Meta Governance Module
author: <Richard Liang (@rliang)>
This IIP adds meta-governance support for AAVE, UNI, and COMP to the DeFi Pulse Index.
Add the GovernanceModule to the DeFi Pulse Index Set with support for non-staking governance protocols. These protocols are AAVE, Compound and Uniswap. Governance represents a single vote casted by $INDEX token holders off-chain, which is then executed by the Index Multisig via the GovernanceModule. A GovernanceModule implementation is ready and can go live within 1-2 weeks pending audits.
- Add the GovernanceModule to the DeFi Pulse Set as specified in this IIP
- Do not add the GovernanceModule specified in this IIP to the DeFi Pulse Set
DPI is already one of the largest holders of YFI (#14, $1.5m), AAVE (#16, $1.9m), MKR (#33, 2.3m), REN (#27) COMP (#62, $1.7m), and UNI (#72, $2.5m), and can exert voting influence for the benefit of the Index Coop. This “meta-governance” can be used to support the addition of INDEX products onto lending and yield farming protocols, and assist constituents’ governance in reaching quorum. $INDEX holders will collectively gain access to millions of dollars of voting power in these underlying protocols.
This IIP requests authorization to add the GovernanceModule (specified below) to the DeFi Pulse Index Set.
Once the GovernanceModule is enabled, meta-governance voting is carried out in the following steps:
A governance vote is called for AAVE, Compound or Uniswap.
The proposal is duplicated on Index Coop’s snapshot page here.
The meta governance voting period will end 24 hours before the underlying (AAVE, Compound, or UNI) governance vote ends.
$INDEX holders vote on the meta governance proposal on Index Coop’s snapshot page above.
At the end of the voting period if a 5% quorom is reached, the Index Coop multisig will vote according to the related snapshot proposal majority
Meta governance is still a relatively new field. Accordingly, this IIP also reserves the right to disqualify any voter manipulation (e.g. flash loans attacks) used to gain an advantage in off-chain voting, as judged at the discretion of the Index Coop multisig holders.
This specification uses the existing Set V2 infrastructure and adds integrations with AAVE, Compound and Uniswap governance infrastructure.
Technical specification for the GovernanceModule can be found here.
Copyright and related rights waived via CC0.
- FOR Add the GovernanceModule to the DeFi Pulse Set as specified in this IIP
- AGAINST Do not add the GovernanceModule specified in this IIP to the DeFi Pulse Set