IIP-XYZ - Liquidity POD budget request to 31Mar21

[overanalyser]

Hi @Matthew_Graham

ok, to address your comments in turn:

@Matthew_Graham

Gelato Uniswap V3 DPI : ETH G-Uni pool has already been agreed with the Gelato team and was to be presented on the forum in the coming days. To this end a G-Uni Pool has already been created and 3 wise owls were apart of this decision. May I suggest capturing this in the post. The intention was to implement something very similar to the MVI : ETH proposal and there is already progress being made towards updating Index Coop’s website to reflect this.

The intention in setting up the Pod is to allow management to be delegated from INDEX holders (IIP) and the council to the pod. The pod will take over many of the in-progress activities (and is unlikely to change direction on those). The POD is ultimately answerable to the council and INDEX holders.

@Matthew_Graham

Regarding the budget, I am not sure a rapid is the sole tool here. Think of the request for funding as presenting a business case to the community. The rational to define a mult-million dollar request will need review and input beyond the Liquidity Pod much like how a Nest Requests funding. I suspect OKRs etc, will need to be thought through and detailed to attain said budget.

I think RAPID is the perfect tool, the document includes the recommendation of the author (in this case myself) and allows input from multiple stake holders. Ultimately the Wise owls will need to agree, then we send it to IIP to decide / confirm.

@Matthew_Graham

My expectations and those of @Finance.Nest is this liquidity pod will act within guidelines similar to how the Finance Nest manages its stable coin allocations. I don’t see a scenario where the community assigns a sum of money into the control of a select few without said guidelines.

I don’t see a need for such a bureaucratic system. The RAPID structure and composition of the liquidity pod means that it has a broad range of inputs from across the coop and oversight from council (and the community).

IIP-110 gives us a mandate to set up a POD, and describes the scope:

Obviously, there are some details to be filled in, these will be done by the pod with wise owl agreement.

I’ve made a start on how we should conduct the RAPIDS (with input from @Cavalier_Eth )

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As I said above, This IIP is to get INDEX holders to agree to the delegation of INDEXcoop assets to the Liquidity POD. The specific value delegated is still being discussed within the RAPID, and will be shared in the proposal before we goto snapshot vote.

By presenting a proposal that has been written based on a RAPID (which includes input from T.Nest, F.Nest, G.Nest, and has agreement from the Wise owl council), we make it easy for INDEX holders to see that the IIP has broad agreement from the INDEXcoop contributors. In addition, by reading the RAPID doc, INDEX holders can see how we reached an agreement for the proposal, and that any dissenting voices were considered.