This forum post aims to facilitate the nomination of Meta Governance Committee members. IIP-92 established a standard process for electing the MGC members and defined the starting date of the next term, which is on Block 14300000 (~March 1st , 2022)
The nomination process described in this post will allow potential new members to nominate themselves (or be nominated by someone) and marks the start of the next MGC term.
The MGC serves as a backstop to our Meta Governance voting structure. The committee is assigned with the task to vote, when quorum on meta governance votes is not reached (which happens more often than not). For any vote that does not reach quorum, the MGC ensures that the Index Coop participates in the vote: The MGC is given complete discretion to decide the outcome and vote on behalf of all $INDEX holders.
Every MGC member is asked to provide their vote on all Meta Governance votes with either For, Against, or Abstain. This is a role that requires active participation, as well as a good understanding of the underlying protocols of $Index products. Voting takes place via a chat on Discord. Members are expected to participate in each vote and provide their decision within the given time frame (usually 24 to 48 hrs). Votes can occur 24/7.
Currently, the following protocols are live: UNI, COMP, AAVE, BAL, YFI and BADGER.
Elected members serve 1,200,000 block terms (~6 months), with a 3-consecutive term limit and are elected via weighted voting using Snapshot (voting with $INDEX tokens). Members can hand in their resignation earlier or be recalled by a community vote.
There are currently 5 members of the MGC:
@Yuan-han-li (representing Penn Blockchain)
The members whose term is ending with block Block 14300000 (~March 1st, 2022) are @Lavi, @Ncitron, @Kiba. As per IIP-92, these three members can nominate themselves again. For all three members - should they be reelected - this will mark their third and thus last consecutive term.
Start & End Date
Nominations start with this forum post. The deadline is one week from today (February 17).
Who is eligible?
All community members (internal and external) are welcome to come forward to express their interest in becoming a member of the MGC.
What do I need to do?
- If you are interested in joining the MGC, please leave a comment at the end of this post announcing your nomination. You can also nominate someone else.
- All nominations “by someone else” need to be confirmed by the nominee.
- If nominated, please share your background, time zone, involvement with Index Coop, and why you would be a good fit for a seat on the committee.
My name is Owlie D Cooper (Owlie.eth on discord) and my background is in TradFi, I’m based in the CST timezone (UTC-06:00).
I’m a silver owl and I have been a contributor to Index Coop for 5 months at the FinanceNest.
My experience with … would be of great use to the MGC, because…
- [Proof-of-human] New nominees are expected to attend a community call the week following this post, to introduce themselves and explain why they should represent the Coop (only required for non-core contributors). Otherwise, the nomination is not valid.
- Ideally, this intro takes place during the Weekly Standup on Monday or at the Leadership Forum on Wednesdays.
Once all nominations for new MGC members have been submitted (deadline February 17th), the GovNest will publish a forum post highlighting the confirmed candidates and provide a brief background on the proposal submitted by those individuals. Afterward, the election will go live and a Snapshot vote will be created.
Token holders can then vote via a weighted choice to elect three members of the MetaGovernance Committee for the next 1.2M blocks.