# The sCoop - Contributor Newsletter - 2022.01.24 Monday **URL:** \ **Category:** sCoop\ **Created:** [24 January 2022 23:15 UTC](https://gov.indexcoop.com/t/the-scoop-contributor-newsletter-2022-01-24-monday/3750 "2022-01-24T23:15:36Z")\ **Posts on this page:** 1\ **Page:** 1
**Author:** ![coolhorsegirl](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/coolhorsegirl/32/2473_2.png) [@coolhorsegirl](https://gov.indexcoop.com/u/coolhorsegirl)\ **Post date:** [24 January 2022 23:15 UTC](https://gov.indexcoop.com/t/the-scoop-contributor-newsletter-2022-01-24-monday/3750/1 "2022-01-24T23:15:36Z")
_Fresh Owlpha, curated daily._ _This is [@HOWweDAO](https://twitter.com/howwedao)._ ([previous issue](https://gov.indexcoop.com/t/scoop-weekly-2022-01-21/3735)) ![The sCoop](https://canada1.discourse-cdn.com/flex027/uploads/theindexdao/original/2X/6/6a51563efe13ee3dfb4f93058eb32acc019a1201.jpeg) _Pods, nests, and everything that used to be (ahem, “working groups”) shared updates during Today’s Weekly Standup. Also, reminder that today was the last day to submit January Contributor Rewards._ _Two hangouts on Discord tomorrow: F.Nest’s Money Talks followed by Community Nest’s Tea Time._ **Announcements:** - _**[VOTING LIVE](https://snapshot.org/#/index-coop.eth):**_ - [IIP-125:](https://vote.indexcoop.com/#/proposal/0x26c5290b6f8ae2e92238e7fad455128d1bdab90ba90f235bf584eb87d8e33a9a) Liquidity Pod - Funding Request H1 2022 - [IIP-126 DG1:](https://vote.indexcoop.com/#/proposal/0xea97cbdd8df6d3b5e002bd6019c10c9f7ed983652d62886985ffc29e68aa980f) Launch Total Crypto Market Cap Index (MCAP) - [IIP-127 DG1:](https://vote.indexcoop.com/#/proposal/0xfe155c53ac34cf3e623c885523d8103bc7985743d1efff19a253ac508a4670b7) Launch the Layer 2 Index (LAYER2) - [IIP-128 DG2:](https://vote.indexcoop.com/#/proposal/0xe82bc37736e39abb2c80864e30e860cb168208ee92cfae63a3520e514a8f788f) Launch iMATIC, iETH, BTC2X, iBTC FLIs on Polygon **Product | Launch:** - [Redesign of Product Onboarding Process - Jan 2022](https://gov.indexcoop.com/t/redesign-of-product-onboarding-process-jan-2022/3749) @DocHabanero # All in the name of progress… **Weekly Stand Up** (40 attendees) [slides](https://docs.google.com/presentation/d/1LOjCkMke4kjwAddSynvueVeIWnSzFWVKYVOLQ-6d20A/edit#slide=id.gddedb86d69_1_48) @anthonyb.eth opened with some less than optimal North Stars and KPIs due to last week’s market crash. AUM was down 42%, but N$F was only down $4m (this is why we track N$F; only $4m of the $178m lost in AUM was due to people cashing out). Revenue is down 7.6% which may not be as bad as you expected. It’s from mint and redeem fees on ETH2x-FLI; trading activity there produces extra revenue. Trade volume is up this week by 26%, likely due to volatility. @sixtykeys with some Governance updates: 2 IIPs passed last week ([IIP-123](https://snapshot.org/#/index-coop.eth/proposal/0x0105723cee50a08228d55516ce5ad1418795b21d5ac827086538154a8f8c5f64) and [IIP-124](https://snapshot.org/#/index-coop.eth/proposal/0xa69b79826d8dbd9290c9eec41ef11cfd15621c44e277ff3eb5a24e01c123e034)). 4 new IIPs went [live on Snapshot](https://snapshot.org/#/index-coop.eth) today. For the first time in a long time, we reached quorum on the 2 latest Meta-Gov votes: [AAVE-55](https://snapshot.org/#/index-coop.eth/proposal/0x83d00773fa04e27684e9ce97ceedce57040a9c5f03d5e54b55625a2eafd3866d) and [COMPOUND-82](https://snapshot.org/#/index-coop.eth/proposal/Qmb4H42eiYcEw9XSG5phBiKE5VmiG2aRVYnN8UNUseAEEd). Both passed. Additionally, be aware that the team took down a vote that went up earlier today, AAVE: Add Assets to Aave Polygon Market and Update wMATIC Risk Parameters; voting power on Aave has already been delegated to an EOA that submitted an AIP and passed quorum as permitted by [IIP-124](https://snapshot.org/#/index-coop.eth/proposal/0xa69b79826d8dbd9290c9eec41ef11cfd15621c44e277ff3eb5a24e01c123e034). From Community Nest, @Pepperoni_Joe announced solid progress on the [Community Nest Proposal](https://docs.google.com/document/d/1V5isFP9Po6bbdn-PwMY4A_xWl-865RenbwUoPAchW30/edit#heading=h.46is2mgyzale). Also, Priority Hiring Offer letters are out and a reminder that [Index 101 Workshop](https://event.webinarjam.com/register/25/8q894unn) led by Women +NB begins today and runs through the 26th Shoutout to @bradwmorris and @catjam for their contributions to the future of Growth Nest! The [Product Onboarding Tracker](https://www.notion.so/index-coop/747d92d6af8b4296bdc0a59eeff7b226?v=9bc10c6512374b49805e18eb520a87a9) has been updated with $MATIC-2x-P set to launch in early February. Successes from last week include: $LAYER1 and $REAL Index posted on the forum, $MCAP WTA completed and posted, $LAYER2 WTF completed and posted. Check out the new forum post on [Product Onbaording Process Redesign](https://gov.indexcoop.com/t/redesign-of-product-onboarding-process-jan-2022/3749). Thank you to @Static121, @alerex, and @edwardk for responsiveness as Product tries to roadmap FLIs around changing circumstances. @edwardk celebrated Engineering Pod’s [AMA on Engineering Priorities](https://drive.google.com/file/d/1n-8x1pbZ4_U_cGkDYi95W6wRowVvlXW7/view) held last week. IIPs 64 and 72 will hopefully be completed today, and the team is making proress on three different Exchange Issuance Contracts: (1) Leveraged Tokens, (2) Improved “Basic” Exchange Issuance, and (3) 0x Exchange Issuance. Work in progress includes that on [app.indexcoop.com](http://app.indexcoop.com) redesign and an on-chain proposal to reenable DPI for borrowing on Aave. Cheers @TheYoungCrews for getting in touch with an 0x Product Manager and getting a code fix prioritized for us! From Growth Nest: Check out the Owl Howl featured tag in public discord server that is now active. Interested users can click the owl in the [role up](https://discord.com/channels/762061559744299010/929910051500593223). There’s still time to engage with [this LinkedIn post](https://www.linkedin.com/feed/update/urn:li:activity:6890534897887645696) via likes, comments, and shares. They’re working on an Argent campaign for EOM and a Q4 + 2021 report/summary. Lastly, DM @MrMadila if you are booked for ETHDenver. @Static121 gets another shoutout: thanks for the rapid DeFridays design support! He’s excited about the use of POAPs to track the impact of initiatives across the Coop. Speaking of DeFridays, @TheYoungCrews is calling all memelords—he’s hoping to cook up some for Ribbon Finance’s Twitter Spaces this Friday. @kindeagle has dropped all the resources you may need [here](https://discord.com/channels/762061559744299010/762062361346703371/935163572139475014). @Mringz and BD celebrated a few successes of last week: a completed Discord migration (they’re working on a Notion migration), working with Tesseract (Yearn Polygon) to create DPI vaults when DPI is listed on AAVE Polygon (thanks @kindeagle for that introduction!), and Vesper Finance will continue to support IC products with vaults for DPI, GMI, DATA, MVI, and DATA. BD is speaking with [Ichi](https://www.ichi.org/) about creating one INDEX community stablecoin. @Metfanmike of IB met with everyone we’re doing upcoming webinars with: BitGo (date TBA in February), [OnRamp](https://us06web.zoom.us/webinar/register/5416420059648/WN_YmS7lV0rQ-WU1LIZEQRD_w) (January 26th), and [CFA Institute](https://www.cfaboston.org/store/events/registration.aspx?event=021022&expand=TRUE) (February 10th). He’s looking forward to continued Growth Nest meetings on Thursdays; this one will include pod-specific strategies across the Growth Nest. Out of @Finance, [IIP-123:](https://vote.indexcoop.com/#/proposal/0x0105723cee50a08228d55516ce5ad1418795b21d5ac827086538154a8f8c5f64) Finance Nest Autonomy Act passed, their [Quarterly Report](https://gov.indexcoop.com/t/finance-nest-a-thread-of-monthly-financial-report-publications/3661/12) presentation was published, and so was the [OKR Operations Report](https://gov.indexcoop.com/t/finance-nest-a-thread-of-monthly-okr-report-publications/3706/2) for December. They’re preparing KPI targets for Index Council review and looking to implement investment account strategies to make stables productive—updates on that soon. **Tuesday Meetings:** (UTC/1-hr, UON) [1600](https://discord.gg/indexcoop) - Money Talks F.Nest AMA 💰 [2000](https://discord.gg/indexcoop) - Community Nest Tea Time **Daily DAOwlpha:** _i have kicked many scammers from indexcoop discord but never a hater_ - @theyoungcrews Hoot! - @coolhorsegirl