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Status: Proposed Author(s): @Finance.Nest - @Matthew_Graham and @ElliottWatts Gov Review: @asira Created: 20th April 2022 Discussion-to: https://gov.indexcoop.com/t/iip-151-update-operations-account-multisig/4183 Quorum: 150,178 INDEX - (5% of circulating supply)

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Simple Summary

This proposal seeks to modify the signers on the Operational Accounts across the Coop.

Ethereum: Operations Account: 0xFafd604d1CC8b6B3B6CC859cF80Fd902972371C1 Ethereum: Operations POL Account: 0x3a36b94689f303aAf9BFE761068Efb8F78912023 Polygon: Operations Account: 0xDECC5b013C74d8d3cEf1F8918768DDa17490B505 Optimism: Operations POL Account 0xA047F6900FeE0b6195088a49009eA65365f7DD68

Abstract

The Operations Account multisig was created with IIP-46: Security - Operations & Investment Account and updated as shown below:

• IIP-46: Security - Operations & Investment Account

  • Create an Operations Account

• IIP-54: BED:ETH Liquidity

  • Add overanalyser in a new role as V3 Liquidity Manager, signers 3 of 5.

• IIP-88: Update the Operations Account Multisig

  • Remove DarkForestCapital, remove overanalyser, add Pepperoni_Joe add oneski22 add pujimak_in, add MrMadila and add cavalier_eth. Signers 3 of 8.

• IIP-99: Update the Operations Account Multisig

  • Add Elliott, Ncitron and add hammad. Signers 3 of 11.

• IIP-131: Update the Operations Account Multisig

  • Remove cavalier_eth and pujimak_in and add Afromac and sid.

In this proposal we consider replacing @dylan with @anthonyb.eth, @ncitron with @TheYoungCrews and @Pepperoni_Joe with @bradwmorris. This increases in-house Product coverage on the Operations Accounts which are being increasingly used to support Protocol Owned Liquidity (POL).

The ops account will be used going forward as the primary account to deploy protocol owned liquidity as outlined here.

Motivation

The Operations Account holds and receives the communities most liquid funds, it also has the backing of Finance Nest who have expertise in asset management and are responsible for the sustainability of the Index Coop spend. The account accrues all product revenue and holds the Nest budgets for Season 1, allowing for a diverse range of assets that can be utilised.

Recently Finance Nest and Liquidity Pod agreed to create a second Ethereum Operational Account, this wallet is to support POL much like the Polygon and Optimism wallets. With the inclusion of Anthonyb.eth, the Liquidity Pod will have 5 members as signers on the Operations Account. This provides flexibility but also concentration of Product Nest and Finance Nest within the wallet.

Adding these two members will enable the process owners (liquidity pod) to be fully accountable the entire length of the process from interacting with the community all the way through to distribution of funds into the pools. The intent is to streamline operations and align accountability with process ownership. Similar can be said for Finance Nest which broadly oversees the Coops finances ranging from third party payments, contributor rewards to Seasonal funding requests.

We have shared this proposal on the forum to enable discussion to occur and for viable alternatives to be presented.

Specification

Modify the above linked Gnosis Safe:

• Add @anthonyb.eth (Product Nest)
• Add @bradwmorris (Community)
• Add @theyoungcrews (Growth)
• Remove @dylan
• Remove @Pepperoni_Joe
• Remove @ncitron

The wallet will still only require 3 signers to approve a transaction, 3 of 11.

The new signer structure will be:

Location	Roles	Operations Account
United States America	Product Nest	Anthony
United Kingdom	Product Nest	Afromac
APAC	Product Nest	Sid
United Kingdom	Product Nest	MrMadila
United States America	Governance Nest	Oneski22
APAC	Community Nest	Bradwmorris
United States America	Growth Nest	Theyoungcrews
United Kingdom	Community Nest	Hammad
United Kingdom	Finance Nest	Matthew_Graham
United Kingdom	Finance Nest	Elliott
United States America	Operations Account Manager	prairiefi

Nest coverage	% coverage
Finance Nest	27.27%
Community Nest	18.18%
Product Nest	36.37%
Growth Nest	9.09%
Governance Nest	9.09%

Voting

FOR:

DO Add @bradwmorris , @anthonyb.eth and @theyoungcrews

AGAINST:

DO NOT change the existing arrangement.

Copyright

Copyright and related rights waived via CC0.Created: 20th April 2022

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