Approximately, 1 week ago @puniaviision opened up the discussion of the level of permissioning at the smart contract layer Index Coop would like to offer external methodologists when working together. Additionally, @verto0912 and @BigSky7 were tagged to help lead the discussion from the Index Coop perspective.
That post has received comments from both external methodologists and community members. With enough time allocated for discussion, we are ready to propose a framework and align with the community prior to an IIP to implement the changes.
Both DeFi Pulse and Titans of Data have expressed their desire to have permissioning ensuring security around fee amounts and fee splits such that it can not be unilaterally changed by either the Methodologist or the Index Coop.
Upon internal discussion, we are happy to meet our external Methodologists here. Doing so will likely require implementing some more complex logic to the Manager contract and the related extensions that @puniaviision described here.
The Index Coop will retain control over other aspects of the manager contract that enable us to move rapidly, add features to our products [metagov, intrinsic productivity], and ensure safety [parameter updates]. Such a separation will give external methodologists the security they desire on the fees, while leaving most product operations to the Index Coop.
It is worth noting that we will always give this option to external methodologists, but there may be some that explicitly do not want or care about having control over the fee and fee split. That is okay, and it isn’t going to be a requirement for us to work with a methodologist.
Unless there is significant push back from the community, we will be turning this into an IIP, proposing it, and getting the vote scheduled to pass this as the standard giving forward with methodologists.
Upon a successful IIP vote, our engineering team will implement the changes on the relevant Manager contracts.
If there is pushback against the conclusion reached here, we will schedule a community call to discuss and align.
- FOR: Grant external methodologist security over fee and fee split.
- AGAINST: Do not grant external methodologist security over fee and fee split.