The sCoop has started a Twitter account! For those that would like to receive a notification the moment the latest issue drops: Follow @HOWweDAO - from the account profile, tap the notification icon, and choose: All Tweets. You’ll need push notifications enabled for Twitter as well. - Hoot!
Fresh Owlpha, curated daily.
Business Development WG and Organization meetings were held today. BD, as always, a powerhouse of productive conversation and inspiration. The Org meeting was a recap of the Autonomy Group’s current thinking around their mandate, mainly focusing on the concept of a elected representative leadership council. Let’s dive in:
Calls to Action:
- The proposal to update the Funding Council Wallet Signers is still under quorum, please vote!
- The BD team is requesting support of two proposals that would allow The Coop to propose using DPI as collateral on AAVE, and unlock additional integrations with Polygon.
- Have questions for the co-founder of CREAM Finance, Leo Cheng? Drop them in the dedicated discord channel, then join @Crypto_Texan tomorrow for a discussion that’s likely to cover the Yearn ecosystem and the Iron Bank!
Business Development WG (15 attendees)
Fee-splits and incentive-alignment for methodologists have been a priority over the past week, and keep your eyes open for a forum post regarding some additional OTC offers. The treasury diversification team (huge shout to @bax86 , @Miza, @rebecca, and @ajay55) have been hard at work, covering ~50 discord servers with some buys reportedly on the horizon. There was some heavy discussion around leveraging oSUSHI to ease the liquidity mining burden on The Coop, including some potential partnerships for aligned block-voting; some of the strategies had the combined benefits of increasing revenue, liquidity, and asset diversification.
The intro-question at the top of the meeting was: What’s the most underrated skill in DeFi? Answers spanned from taking initiative, staying focused, simplifying complex topics, and getting one’s hands dirty . . . to my personal favorite: memeing.
Organization - Strategy & Enablers Session (39 attendees)
This meeting is typically held weekly to provide high-level alignment, announce new initiatives, request community action, and remove blockers. The Org session this week primarily consisted a presentation from @Pepperoni_Joe (one of three Owls representing IC in the Autonomy Group, resulting from their second meeting on August 10th; minutes from the first meeting are here), followed by an open forum. The results of the autonomy discussions thus far are taking the form of a proposed leadership council, not dissimilar from The Spartan Council over at Synthetix.
@Pepperoni_Joe noted that this is just a way of showing the council’s current thinking to the community, and that nothing has been formalized. The slides do an excellent job of outlining that thinking, approach, and even touch on some likely implementational questions around the proposed council. Contributor sentiment was somewhat mixed, with several contributors noting that we already have strong elected leadership within The Coop. @Mringz and @afromac separately expressed a desire to see a better framing of the problem that the Autonomy Council is attempting to solve via the proposed leadership council, noting that governance at IC is still an evolving process, and that no matter the system in place there will always be unintended consequences.
The relative proportion of voting power among Index Coop contributors, relative to stakeholders, was surfaced as being potentially problematic; the Autonomy Group has a lot to consider when returning to the table with Set and DeFi Pulse. Toward the end of the hour @BigSky7 summed things up pretty nicely, expressing that there is no shortage of strong leaders within this organization, and that this is process of refinement.
Governance / Meta-Governance / Contributor Polls
([FOR]:[AGAINST] - [QUORUM STATUS] - [END TIME UTC]/[RESULT%])
IIP-62 - DPI:ETH Liquidity Mining on Polygon
38k:19k - Below Quorum - Ends: Aug 13, 2021 23:00
Decision Gate 1: Launching the Robot Index (iRobot)
19k:<1k - Below Quorum - Ends: Aug 13, 2021, 18:00
IIP-57: Launching iETH-FLI - The Ethereum Inverse Flexible Index
178k:4k - Quorum Achieved - Ends: Aug 12, 2021, 18:00
IIP-66: Smart Contract Engineer Offer - Full Time offer
113k:0k - Quorum Achieved - Ends: Aug 12, 2021, 18:00
IIP-67: Delegate UNI to Flipside for Community-Enabled Analytics
120k:66k - Quorum Achieved - Ends: Aug 12, 2021, 18:00
IIP-68: Delegate Aave to EOA Address
118k:0k - Quorum Achieved - Ends: Aug 12, 2021, 18:00
IIP-69: Update Funding Council Wallet Signers
96k:0k - Below Quorum - Ends: Aug 12, 2021, 18:00
IIP-70: Create a Stablecoin Reserve Within the Operations Account
102k:0k - Quorum Achieved - Ends: Aug 12, 2021, 18:00
50k:<1k - Below Quorum - Ends: Aug13, 2021, 17:01
no new results to report today
Daily DAOwlpha: Solve it with tokenomics or solve it repeatedly.
This newsletter is evolving; constructive feedback appreciated. If you would like to receive this daily when it drops (typically 6pm EDT, Monday through Thursday), follow and enable notifications for the The sCoop Twitter account @HOWweDAO!