# The sCoop - Contributor Newsletter - 2022.03.08 Tuesday **URL:** https://gov.indexcoop.com/t/the-scoop-contributor-newsletter-2022-03-08-tuesday/3984 **Category:** sCoop **Created:** [9 March 2022 04:54 UTC](https://gov.indexcoop.com/t/the-scoop-contributor-newsletter-2022-03-08-tuesday/3984 "2022-03-09T04:54:45Z") **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: [9 March 2022 04:54 UTC](https://gov.indexcoop.com/t/the-scoop-contributor-newsletter-2022-03-08-tuesday/3984/1 "2022-03-09T04:54:46Z")
_Fresh Owlpha, curated daily._ _This is [@HOWweDAO](https://twitter.com/howwedao)._ ([previous issue](https://gov.indexcoop.com/t/the-scoop-contributor-newsletter-2022-03-07-monday/3978)) ![The sCoop](https://canada1.discourse-cdn.com/flex027/uploads/theindexdao/original/2X/6/6a51563efe13ee3dfb4f93058eb32acc019a1201.jpeg) _Not too many meetings today. The main event of today was the Index Council Retro, where contributors and councilmembers voiced opinions on the future of the Council._ _Tomorrow, join us at the Leadership Forum where we continue the talk on the future of the Council, likely for one of the last times (for the time being)._ **Announcements:** - _**[VOTING LIVE:](https://snapshot.org/#/index-coop.eth)**_ **Meta-Governance:** - [[AAVE-undefined]](https://vote.indexcoop.com/#/proposal/QmYALj3Dmuj6twYB8iURWt14ciZgnmgtwJ9Ctke6cotYPV) Add Terra USD (UST) to AAVE v2 - [[Balancer]](https://vote.indexcoop.com/#/proposal/0xc05f2e9c01e53e3696c1dfe012b72cbc777d9d7be22c5c2a43b5fb5c4ec9dd3b) - Refund wstETH Liquidity Providers - [[Balancer]](https://vote.indexcoop.com/#/proposal/0x278d7e209f055c96cb0c499e56691626953b061f39060be96e33e2393910f4c5) - Commission Quarterly Financial Reports through the Messari Hub **Product | Growth** - [Governance model for JPG](https://gov.indexcoop.com/t/governance-model-for-jpg/3981) @JosephKnecht - [New YouTube Video:](https://www.youtube.com/watch?v=eIfbZlv9Dko) Set Protocol Vaults | Beneath the Hood of DPI # Once again: The future of the Index Council **Retro IC Council v1** [slides](https://docs.google.com/presentation/d/13IFjJM5Sctmz-Pff_JlK7BzQyzyAFqFfnptzKdxhcpw/edit) | recording available soon Today, @chasechapman led a retro on the Index Council as we continue to contemplate its future ([v2 Proposal here](https://gov.indexcoop.com/t/index-council-v2/3958)). We split into 4 breakout rooms then reconvened to discuss results. Each breakout room filled out a [Jamboard](https://jamboard.google.com/d/17xOPCh0dYODLp5nhqoJpCXZq2G76G1fS4Sz7iR9okLo/viewer?f=1). Schedule a 15-minute meeting with @shawn16400 to discuss your thoughts on the Index Council using his [Calendly, here](https://calendly.com/shawnlgrubb/15min?month=2022-03). He will survey from March 8-15, compile results from March 15-18, then publish recommendations on March 21. We ended with a promise to continue conversation of when to end discussion and make a decision on the future of the Index Council tomorrow at the Leadership Forum. # Talking Tokenomics _F.Nest’s Money Talks was canceled today, but here’s an few update from chat in the Contributor Discord’s #tokenomics channel. Feel free to comment on it [here.](https://discord.com/channels/942575405607559178/942597166759821372/950120815129677915)_ From F.Nest Lead Matt Graham: > ![Screenshot_2022-03-06_at_19.50.50](https://canada1.discourse-cdn.com/flex027/uploads/theindexdao/original/2X/d/d470e9a2a355072992b42f2e628de53ba237da93.png) > > In the above model, Index Coop creates a productive use case for INDEX. INDEX holders can deposit INDEX and receive Interest Bearing INDEX, ibINDEX. > > ibINDEX offers a number of benefits. > > 1. INDEX holders can now earn yield on their INDEX. > 2. Index Coop gains TVL > 3. INDEX buyback flywheel > > The source of the yield is derived from a strategy that uses INDEX as collateral, borrows cheap debt, then purchases and holds Index Coop’s yield generating products. The yield earned exceeds the cost of debt and thus a profit is generated. This profit is then used to purchase INDEX on market and distribute it back to those who deposited INDEX into the contact. > > In the simplest form, this is a vault strategy that uses products like REAL and PAY to earn yield and buy INDEX on market. **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 2100 - $FIXED Community Call **Daily TROWLLpha:** _“me: oh no discord is down / also me: thank god discord is down”_ - [@maggielove\_](https://twitter.com/maggielove_/status/1501269328024387585?s=20&t=JpDQCtx6FP75sg6e86yjvA) Hoot! - @coolhorsegirl