Index

Status: Proposed Authors: @funkmasterflex @mringz Gov Review: @asira Created: April 27th, 2022 Discussion to: https://gov.indexcoop.com/t/iip-154-delegate-aave-to-governance-house-eoa-for-dpi-aave-arc-listing/4194 Quorum: 150,178 INDEX (5% of circulating supply)

Simple Summary

This IIP requests authorization for Index Coop to delegate all of IndexCoop’s Aave voting rights to an External Owned Account (EOA). This is intended to be for the sole purpose of submitting and for voting a batch of AIPs regarding the ARC market, including: listing DPI as a collateral asset on Aave ARC market, listing DAI as a collateral asset on the Aave ARC market, adjusting the risk parameters to bring ARC inline with the V2 market, and enabling LM on ARC assets (including DPI).

Abstract

All Aave voting rights are to be delegated to the following address:

0xd2362DbB5Aa708Bc454Ce5C3F11050C016764fA6

By delegating to an EOA address we will be able to progress DPI towards being listed on Aave ARC. The submission must be performed from an EOA address and can not be performed from a multi-sig address.

Upon the completion of these actions, which will take multiple AIPs, the voting delegation power will revert back to its current configuration which is the standard multi-sig wallet for all IndexCoop assets. IndexCoop can pull back this delegation and revert to the standard multi-sig upon passage of another IIP.

Motivation

As Aave ARC rolls out it is critical that DPI is listed in the first round of collateral additions. Delegating to this EOA controlled by Governance House, IC will ensure that DPI is included in this first patch of additions, alongside other top-tier DeFi assets such as DAI and stETH.

As of block 14668718 (Apr-27-2022 08:45:19 PM +UTC), IndexCoop holds over $15.5M worth of AAVE or 89,738.31448883 votes, which in conjunction with other Governance House delegates and partners, is sufficient to propose and reach quorum on all of these actions.

Specification

IndexCoop delegates the Aave voting power to an ethereum address: 0xd2362DbB5Aa708Bc454Ce5C3F11050C016764fA6.

Vote

FOR

• Delegate Aave voting power to address 0xd2362DbB5Aa708Bc454Ce5C3F11050C016764fA6

AGAINST

• Do not delegate Aave voting power

Copyright

‌Copyright and related rights waived via CC0.