Overview
Keeping up with the progress in a DAO can be hard work! Our newsletter aims to share what we’ve been up to week by week in the Coop, highlighting progress across products, governance and the Index community as a whole.
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Weekly Summary
Metaverse Index Logo Challenge
BED time
Index Coop Dune dashboards
Meta-governance matters
Clubhouse
Assets under vault: $118.93m (-12.2%)
Across 3 products:
$DPI: $402.01 (-9.3%)
$CGI: $108.75 (-4.0%)
$FLI: $85.68 (-15.0%)
Index token: $42.37 (+42.5%)
Figures correct as of 28th March, (7 day change shown in brackets)
Metaverse Index Logo Challenge
With the Metaverse Index (MVI) recently making its way through the final round of voting before launch, we thought it was time to unleash some creativity.
The challenge is to design a logo that will represent MVI wherever it goes in crypto, and you have until 23:00 UTC on Friday 2nd April to do it! As a community-led index, it was important to give others a chance to be involved, and while only the top entry (as judged by MVI methodologists with help from the Treasury Committee) will become the new logo, the top 3 designs will share 125 $INDEX in prizes!
Entries are already coming in, just search #metaverseindex on Twitter to take a look. If you are planning to enter a design you can find full details here, don’t forget to follow @indexcoop and tag your entry #metaverseindex to be eligible.
BED time
No more pillow talk, with the IIP for the BED index being published this week, the product officially enters the onboarding pipeline. Ryan and David teased their involvement with Index Coop just a little on the latest Weekly Rollup episode on youtube.
What are your thoughts on the BED index? Join the conversation in the forum and let us know!
Index Coop Dune dashboard
Thanks to ardent analytics expert @JDcook the Index Coop now has one of the FLI-est looking dashboards in DeFi. The charts aren’t just there for eye candy either, they represent the metrics by which we measure ourselves as per the North Stars and KPI post laid out here.
The charts paint a pretty picture when it comes to the key measures of unincentivised supply and unit exposure over time, something not many other projects seem to talk much about. There is a shedload more data on the dashboard, so if you’re interested it’s worth digging in to see what else you can find.
Meta-governance matters
Newcomer to the community Cedrik posted a great piece to the forum, laying out his thoughts on a framework for how to approach the topic of meta-governance. It continues to be something important to the Index Coop but not at the forefront of our focus, with a new cohort of talent entering the DAO it seems now is the time to step up our efforts in this area.
A logical next step would be kicking off a working group tasked with delivering on some of the actions laid out in Cedrik’s post, things like incentive structures, delegation and communicating the principles behind voting recommendations. There are a number of great examples in crypto that we can learn from, lead by the likes of Compound and Synthetix, this puts us in the enviable position of being able to pick and choose to build an approach that works best. Can’t wait to see how this one plays out!
Clubhouse
Simon aka @bigsky has been valiantly holding down the fort in Clubhouse for the last few weeks, where members of the Coop have been talking about subjects all the way down the crypto rabbit hole. If you’d like to join in, the room is normally hosted every Friday at 12pm PST, but be sure to follow bigsky for the latest info!
We always welcome new members to the community, if you like what you see come and join the discussion in our social channels. @darkforestcap