title: Governance House - Delegate INDEX for Metagovernance Voting
Tribe DAO holds 100K of INDEX and to date, has participated in two Index Coop snapshot votes. The INDEX metagovernance voting influence is significantly underutilized by so many INDEX holders. This proposal presents the community with a fresh approach for how Tribe DAO can boost participation in Index Coop’s metagovernance votes.
Please do read the Index Coop forum post describing Governance HOuse as it will provide the much needed context to support the below proposal, .
Governance House is a newly created subDAO of Index Coop and has been created to offer Metagovernance as a Service (MaaS) across DeFi, . The vision for Governance House is to help solve the voter apathy problem by becoming a pro-ecosystem, trusted vote in DeFi that also works with communities to help implement improvement proposals. MaaS enables everyone the ability to progress an idea from ideology to on-chain implementation. With one caveat, the improvement proposal is welcomed by the receiving communities core team.
Governance House kindly asks the Tribe DAO community if they would like to be apart of Governance House and to show support for Governance House, by granting Governance House the ability to utilize the 100K of INDEX to participate in INDEX holders metagovernance votes plus IIPs that are specifically related to Governance House. All metagovernance votes relating to FEI or TRIBE, plus non Governance House related IIPs will be run through a snapshot for TRIBE holders to vote on. For any votes that fail to meet quorum, Governance House will vote on the communities behalf.
To date, Tribe has participated in two Index Coop votes, . The first vote related to listing FRAX on Aave V2 (AIP-29) which is a great testament to the character of Tribe DAO. The second vote was to ensure that Set Labs continues paying for the rebalancing costs of DPI which the Index Coop community greatly appreciates.
For many large governance token holders across DeFi, this is fairly typical behavior whereby voters only participate in votes that resonate within the community. Governance House is trying to solve voter apathy by providing an independent voice who will vote to support the ecosystem in an unbiased manner. To date, Index Coop’s Metagovernance Committee has largely performed this function and going forward it will be replaced by Governance House.
With the emergence of Governance House, the proposal power from within the DPI sett will be more widely used to support the implementation of change across DeFi. To date we have had strong traction with Aave and hopefully others follow suit soon. Previously Index Coop has done some of this, but now Governance House intends to enhance the reach and influence by making it a service with the ecosystem. The vision for Governance House is to become a collaboration hub, an industry leader that supports the growth of the ecosystem.
Governance House intends to enable those who delegate large holdings to Governance House to retain the ability to vote on key decisions with the holding. For Tribe DAO, all metagovernance votes relating to FEI and/or TRIBE will be processed via Tribe DAO’s snapshot. Whatever TRIBE holders choose, will be how the Governance House votes. For any votes that fail to meet quorum, Governance House will vote on the communities behalf. This is the change between how TRIBE holders currently vote and how Governance House proposes to operate going forward with the community’s blessing.
The request here is to enable Matthew Graham who is a part of Governance House to vote in line with the above proposal as presented above, . Do note Matthew Graham is also a TRIBE delegate and his voting history can be found on Tally, . The INDEX delegation will need to be re-delegated to a Governance House wallet address, with a supporting ENS name of course, as they are currently delegated to a signer wallet that is on multiple multisigs. Pending feedback in the comments, I will update this post with a wallet address in due course.
In order to successfully utilize the metagovernance influence of Index Coop, Governance House must exceed the INDEX voting quorum. To date, several large INDEX holders have either delegated their INDEX or are in the process of delegating their INDEX to Governance House. By Tribe DAO endorsing the above proposal this will go a long way to ensuring Governance House will always meet quorum on the Index Coop metagovernance process which will continue as is uninterrupted by the Governance House proposal.
If Tribe DAO would like to delegate TRIBE votes to Governance House, please do mention this in the comments as Governance House would love to be a delegate within the Tribe community more so than what it already is when Index Coop enables voting on Tribe’s on and off chain votes.
It goes without saying, if there are any opportunities that arise for Governance House to help support the growth of the Tribe DAO community please do let us know. If a core member from Tribe DAO wants to join Governance House with the intent of helping out and facilitating Governance House helping Tribe DAO, please do reach out. At the time of writing there are two members/delegates of the Tribe community at Governance House, Matthew Graham and Austin Green, . At the moment we have members from Aave, Llama, Index Coop and hopefully a few more big names soon. We would love to see TRIBE listed on Aave mainnet V2 market
If Tribe DAO would like to delegate TRIBE votes to Governance House, with great appreciation, please delegate to the below address.
Approve Governance House the ability to utilize the 100K of INDEX as outlined above.
Do not change anything and let’s keep things as is.
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