Index Coop Resource Center
  • Welcome to The Index Coop.
  • Products
    • Trade
      • Index Coop Leverage Suite
      • Leverage Token Parameters
      • Leverage Token Keepers
      • Trading Interface Guide
      • Ripcord Guide
    • Earn
      • High Yield ETH Index (hyETH)
      • Interest Compounding ETH Index (icETH)
    • Asset Management
      • Product Development Process
      • Product Revenue Tokens (PRTs)
    • Legacy Products
      • How to Redeem Legacy Products
      • DeFi Pulse Index (DPI)
      • Bankless BED Index (BED)
      • Metaverse Index (MVI)
      • Diversified Staked ETH Index (dsETH)
      • Index Coop CoinDesk ETH Trend Index (cdETI)
      • Index Coop Large Cap Index (ic21)
      • ETH 2x Flexible Leverage Index (ETH2x-FLI)
      • BTC 2x Flexible Leverage Index (BTC2x-FLI)
      • Flexible Leverage Index- Polygon (FLI-Ps)
        • ETH 2x Flexible Leverage Index (ETH2x-FLI-P)
        • Inverse ETH Flexible Leverage Index (iETH-FLI-P)
        • BTC 2x Flexible Leverage Index (BTC2x-FLI-P)
        • Inverse BTC Flexible Leverage Index (iBTC-FLI-P)
        • MATIC 2x Flexible Leverage Index (MATIC2x-FLI-P)
        • Inverse MATIC Flexible Leverage Index (iMATIC-FLI-P)
      • Market Neutral Yield ETH (MNYe)
      • Bankless DeFi Innovation Index (GMI)
      • Data Economy Index (DATA)
      • Legacy Contract Addresses
      • Gitcoin Staked ETH Index (gtcETH)
  • Protocol
    • Index Protocol
      • Core Contracts
        • Set Token
        • Set Token Creator
        • Controller
        • Integration Registry
        • Price Oracle
        • Set Valuer
      • Modules
        • Basic Issuance Module
        • Debt Issuance Module v2
        • NAV Issuance Module
        • Trade Module
        • Streaming Fee Module
        • Wrap Module
        • Airdrop Module
        • Claim Module
        • Governance Module
        • Compound Leverage Module
        • Aave v2 Leverage Module
        • Aave v3 Leverage Module
        • Auction Rebalance Module
    • Set Protocol v2
    • Security and Audits
    • Contract Verification
    • Programmatic Redemptions
  • Resources
    • Governance
      • $INDEX - Governance Token
      • Index Improvement Proposals (IIP) Overview
        • IIP Step-by-Step
        • Governance Representatives
        • IIP Template
        • Product (DG) Template
      • Meta-Governance
      • Delegation
    • Data & Analytics
    • Multisigs
    • Press Kit
Powered by GitBook
On this page
  • What is Meta-governance?
  • How does it work exactly?
  1. Resources
  2. Governance

Meta-Governance

PreviousProduct (DG) TemplateNextDelegation

Last updated 3 years ago

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 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.

  2. The proposal is duplicated on Index Coop’s .

  3. $INDEX holders vote on the meta governance proposal via snapshot.

  4. The meta governance voting period will end 24 hours before the underlying (AAVE, Compound, Balancer, Yearn, Badger DAO or UNI) governance vote ends.

  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'.

  6. With the implementation of , 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.

Index Coop snapshot page
snapshot page
IIP-51