@verto0912 I’m strongly against this.
I love that people want to support Covid-19 relief in India, but think that individuals should be doing that on their own.
Index Cooperative is effectively a startup; almost all of the Coop’s resources have come from the market giving the Coop capital in the form of a very high token price relative to revenue and profit. We should not be donating other people’s money that the Coop needs to finance growth for the future.
In the the traditional startup world, it is more common for a the company leadership to contribute to a cause and match the donation’s of others, rather than use the company’s resources. I believe it should be the same for the Coop.
I really do not like the precedent this would set either for the Coop. If the Coop leadership can donate on behalf of the community for covid-19 relief, why not any other cause? We would be incentivizing the creation of an an activist class within the Coop that would spend the Coop’s intellectual and financial capital.
I believe the right approach would instead be to become a “mission focused” DAO and have the community adopt that approach (this is what Coinbase did last summer):
@overanalyser @LemonadeAlpha @DarkForestCapital @BigSky7 @Kiba @jdcook @anon10525910 @reganbozman