# Meta-Governance

### **What is Meta-governance?**

Meta-governance refers to the ability for $INDEX token holders to vote on governance proposals for other protocols. Governance tokens held within the $DPI index can be used to vote on their respective proposals. Currently this is limited to Uniswap, Compound, YFI, Balancer and AAVE. You can head to the [Index Coop snapshot page](https://snapshot.org/#/index-coop.eth) if you hold $INDEX to check for open proposals and cast your vote!

### How does it work exactly?

Meta-governance voting is carried via the GovernanceModule in the following steps:

1. A governance vote is called for AAVE, Compound, Uniswap, Balancer, or Yearn.<br>
2. The proposal is duplicated on Index Coop’s [snapshot page](https://www.indexcoop.com/vote). <br>
3. $INDEX holders vote on the meta governance proposal via snapshot.<br>
4. The meta governance voting period will end 24 hours before the underlying (AAVE, Compound, Balancer, Yearn, Badger DAO or UNI) governance vote ends.<br>
5. At the end of the voting period if a **5% quorum** is reached, the Index Coop multisig will vote according to the related snapshot proposal majority. Votes will not be split proportionally, so reaching quorum 'for' a proposal will use the full weight of tokens held by DPI in favor and likewise if majority 'against'.<br>
6. With the implementation of [IIP-51](https://snapshot.org/#/index-coop.eth/proposal/QmdXkzHzo9NvMBXxX9zFY6rwDv4yVTtfCnNgrxsNFbYzZg), the Meta Governance Committee (MGC) will step in and vote on behalf of the community, should the 5% quorum not be reached. The MGC is a body of 5 members elected by the community (for 3-month terms). Currently community members TrotNixonLine (David), Matthew Graham, Penn Blockchain, ncitron, and Lavi form the MGC.


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