# The sCoop - Contributor Newsletter - 2022.02.22 Tuesday

**URL:** <https://gov.indexcoop.com/t/the-scoop-contributor-newsletter-2022-02-22-tuesday/3935>\
**Category:** sCoop\
**Created:** [23 February 2022 02:36 UTC](https://gov.indexcoop.com/t/the-scoop-contributor-newsletter-2022-02-22-tuesday/3935 "2022-02-23T02:36:14Z")\
**Posts on this page:** 1\
**Page:** 1

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**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:** [23 February 2022 02:36 UTC](https://gov.indexcoop.com/t/the-scoop-contributor-newsletter-2022-02-22-tuesday/3935/1 "2022-02-23T02:36:14Z")

</div>

_Fresh Owlpha, curated daily._ _This is [@HOWweDAO](https://twitter.com/howwedao)._ ([previous issue](https://gov.indexcoop.com/t/the-scoop-contributor-newsletter-2022-02-14-monday/3865))

 ![The sCoop](https://canada1.discourse-cdn.com/flex027/uploads/theindexdao/original/2X/6/6a51563efe13ee3dfb4f93058eb32acc019a1201.jpeg)

_Today, Finance Nest’s weekly public-facing call, Money Talks, discussed current projects, tokenomics, and some relationships with partners._

_Tomorrow, we’ve got a big Leadership Forum, hoping to finalize discussion on the future of the Index Council and hearing some updates on the proposal process. This is preceded by BD’s Internal Sync._

**Announcements:**

- _**[VOTING LIVE:](https://snapshot.org/#/index-coop.eth)**_
  - [MGC Election - February 2022](https://vote.indexcoop.com/#/proposal/0x05289873f68543c6fc518b0ae3598c82c51a3e8be98c58dfe5781fc3207bb9d4)
  - [IIP-133:](https://vote.indexcoop.com/#/proposal/0xd61c825b68bc3645841dac37deefb55d0c0e472fa12f7b238dda5ec31eac6338) Change MetaGovernance Committee’s Aave Address
  - [IIP-132:](https://vote.indexcoop.com/#/proposal/0x2e770e51c55929bb6a1ce55f1fb1dcc5797da98f15139718d084b85cdfd23163) Update Meta Governance Multisig Signers

**Meta-Governance:**

- [[COMPOUND-85]](https://vote.indexcoop.com/#/proposal/QmRcdSgNgqDVJMaqbqVw8hFx5gTLjW9ExjZwqWDvKujGiP) Risk Parameter Updates for UNI, LINK, MKR, AAVE, YFI, and SUSHI
- [[AAVE-undefined]](https://vote.indexcoop.com/#/proposal/QmWRggpxH2a88Qhx7kwfTSKgvXd1vCsgv3iKiRxD7KQFfY) Aave \<\> Starknet - Phase I

**Finance | Community:**

- [PROPOSED: IIP-134:](https://gov.indexcoop.com/t/proposed-iip-134-index-coop-retrospective-airdrop/3888) Index Coop Retrospective Airdrop @Metfanmike and from @Finance, @Matthew_Graham, @Hammad1412, @prairiefi
- [February Owl Pulse Survey](https://docs.google.com/forms/d/e/1FAIpQLSdCqaRc8Q5NdrHs4c0XisLtojyLVXF3Zr7YBeFhBoDXGFcINQ/viewform?usp=send_form)
- [New YouTube Video:](https://www.youtube.com/watch?v=sYlfCPx4O8k) Meet Matthew Graham | Community Highlight (like, comment, & subscribe!)

# “Liquidity is the currency of the realm”

**F.Nest’s Money Talks** (10 attendees)

_Current Projects_

- The topic of much debate, the [proposed airdrop](https://gov.indexcoop.com/t/proposed-iip-134-index-coop-retrospective-airdrop/3888), will hit Snapshot tomorrow.
- Nest budgets are being approved/revised and will be presented in next week’s Leadership Forum.
- They’re working on DebtDAOs to raise a LOC $1.5 to $2m in available liquidity.
- Contributor Rewards has closed for the month. If you did not submit, just add your projects to next month’s form. Payout will happen by next Wednesday.
- Tokenomics design is in the works. Expect a well-developed forum post up by mid-March.

_Tokenomics_

@Finance intends to make discussions more intentional, perhaps planning topics within the field for Money Talks. In the meantime, a reminder: There are three pillars of tokenomics, and they are:

1. Index as a productive value model
2. An overall tokenomics model based on income
3. Unlocking the value of Meta-Governance  
a. Yearn has a check and balance built-in  
b. @JosephKnecht: “Liquidity is the currency of the realm.”

_In other news…_

- We as a DAO are mindful of a potential multi-year bear market. We have two-year run rates based on reserves with zero income, so we will not have to adjust as the market changes. Successful projects do not have an income cliff.
- FLI contributes heavily to our revenue stream, and it is likely to become more dominant.
- IC is backed by several VCs like 1kx and Sequoia, but we are a smaller investment for them. For this reason, we do not involve them in all decision but maintain strong communications.

Shoutout to @shawn16400 for his diligent note-taking!

**Wednesday Meetings:** (UTC/1-hr, UON)  
[1800](https://meet.google.com/afs-fvby-eqr) - BD Pod Internal Sync  
[1900](https://meet.google.com/pfa-urkg-ery) - Leadership Forum

**Daily Owlpha:** _“You don’t need to be an expert to begin sharing your knowledge.”_ - [@ohhshiny](https://twitter.com/ohhshiny/status/1495480806965272580?s=20&t=sxysPKeBcgjkyVnlKXcl6g)

Hoot!

- @coolhorsegirl