Index

Authors: @Pepperoni_Joe

Reviewers: @mel.eth, @sixtykeys, @Lavi (Governance Nest)

Background:

Over the last 4 months, Index Coop has been undergoing a major transformation to level up in a variety of areas - we call this Index 2.0. Our recent focus has been on reimagining how we do Leadership, Governance and Decision Making.

On November 10th we ran an extended Leadership Forum (slides | recording) which introduced the concept of Pods, Nests and Wise Owls. This was followed up on November 15th with a detailed post confirming the approach and articulating next steps.

These organizational and leadership concepts have received broad community support, with temperature checks clearly showing our community is ready to move forward and establish Nest / Pod structures and a “Wise Owl” Index Council)

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This post is focused just on the Index Council and seeks to launch the nomination and election process for Wise Owls.

Key Action:

Formation of the Wise Owls / Index Council, with a term ideally starting November 29th and running until February 28th.

Group Structure:

We propose that this group be made up of:

• Seven Index Coop contributors

We believe that seven people is the optimal number of individuals for this group to make rapid progress whilst still being representatives from across Index Coop.

There will be no hard cap on the number of Index Council members which are required from a specific Nest (we had floated the idea previously of having a minimum of two technical Nest representatives).

Wise Owls can be nominated from Owls of any level (i.e. Gold, Silver, Bronze)

You can read more about the expectations and responsibilities of the Wise Owls here.

Process:

Voting System

• Choice Vote will be used to enable contributors to vote for their Wise Owl representatives.

• The seven positions will be filled using the voting system of “Electoral Reform Society STV”. This is a type of rank order voting designed to maximise the significance of each individual vote, reduce vote gaming and minimize the frequency of “wasted votes”. This 7 minute video, and this 2-minute video does an awesome job explaining how STV works.

Eligible Contributors:

• Greg, Punia and Dylan as Set Labs Community Managers will vote and count as Gold

• DarkForest, Verto and Thomas Hepner will vote and will count as Silver

• Bronze, Silver and Gold Owls are all eligible to participate. Silver Owls will get 2x vote weighting and Gold Owls will get a 4x vote weighting

This provides the following relative vote by voting group:

Nomination Process:

• Community Contributors: If you are interested in being part of the Index Council, please reply to this post to nominate yourself for consideration. When nominating yourself, feel free to share some information on why you are interested and/or would be good for the role. Whilst you are welcome to recommend/nominate others for the position, to avoid confusion we require clear written confirmation on this thread from the nominated individual that they would like to be part of the Index Council.

Timeline

• Nomination Period: The nomination period will last from: NOW until 9:00 AM UTC 24 of November.

• Voting Period: The voting period will last from: 8:00 PM UTC 24 November to 30 of November 23:00 PM.**

Please share any comments/questions/objections/concerns you have below!

Alongside that, please nominate yourself or other individuals you would like to see as a Wise Owl.

I would like to nominate the following Owls as candidates for Wise Owls to form the Index Council. As there have time and time again create value & impact to the Coop and shown strong leadership. Also these Owls that I’m nominating for me personally have shown that they live up to the Code of Conduct & Guiding Principle, and also shared a lot of insights and wisdom throughout my journey the Coop. The following are my nominations are (in no particular order);

@BigSky7
@Pepperoni_Joe
@0x_Dev
@Metfanmike
@oneski22
@afromac
@DarkForestCapital

also notable high value and high impact Owls that I believe would add value (should they be elected) as part of the Index Council;

@Cavalier_Eth
@edwardk
@jdcook
@ElliottWatts
@Mringz
@mel.eth
@chasechapman
@Lavi

Also the last list of nominations are those whom has brought growth in terms of of products, which should not be left out given they are the blood that runs the Coop. Also i feel there needs to be a balance for Index Council (which is culture building and business building) ;

@Matthew_Graham
@Kiba
@verto0912
@Thomas_Hepner

These 19 names above come to mind when I was reading through the post. And these got me thinking, I do hope among these names at least 80% would accept the nomination. But alas thats the beauty of the DAO.

Have a blessed weekend all~
p.s. apologies that i may left out few names.

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Just posting this^ here as a visual aid for anyone else nominating along “Nest” lines… (Not strictly required as I understand but is my own preference)

Also noting that whilst there are many valid names to put forward I believe WO’s should be “full time” in the sense that IC is their effective “day job” in order to meet the demands of the role. (Again, just stating my own personal preference)

Finanace:
@ElliottWatts
@Matthew_Graham

Technical:
@jdcook
@edwardk
@ncitron
@Cavalier_Eth

People:
@Pepperoni_Joe
@afromac

Growth:
@Metfanmike
@fallow8
@ BigSky7
@ LemonadeAlpha / @ MrMadila

Governance:
@ mel.eth
@ Lavi

There are many, many more worthy names I could include but this is my best attempt to shortlist. It is also my preference to have 2 from technical and 2 from growth due to their relative size/impact within the org structure.

*Edit. In the (likely to me) event 3 are chosen from Technical, my preference remains 2 from growth, leaving Gov with 0. Biased? Yes. Unfair? Maybe. Just my honest feelings though! (Sorry Mel & Lavi! )

Nominating @LemonadeAlpha