IIP-90 Removal of Funding Council wallet and hive up into the Operations account

Hi Greg,

Thanks for your comments and hopefully the below provides clarity. I will take each of your questions in order :point_down:

The view is that the funding council completes this round of WG funding requests in line with your forum post IIP-85 Temporary Funding Council Decision Making - Proposals - The Index Coop which makes sense given the deadline for proposals is the end of this week. This will allow for an efficient handover of
a) the funding council wallet into the operations account once Q4 funding is complete (the provisional expectation that this will be done by 1st November but if proposals are delayed and discussion ongoing this timeline is flexible)
b) allow the community time through future workshops to decide upon who takes on the responsibility of the funding councils review - from the finance of the future workshops, it would seem the majority of people think the ‘leadership council’ should be responsible for this

In terms of DRI - from the TWG side this will be @prairiefi who is heading up the Operations account.

Should the IIP pass the next steps would be to set out a timeline for transfer of funds and ownership, this will be determined by the TWG in communication with the FC to minimise the impact this may have on the Coops operations but will happen after Q4 funding is completed in its entirety.

Tentitively this will start from 1st November with the aim that October contributor rewards are distributed from the Operations account.

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