Status: Proposed Author: @Matthew_Graham Created: 20th November 2021 Discussion to: https://gov.indexcoop.com/t/iip-111-create-an-operations-account-on-polygon-network/3247 Quorum: 109,069 [2,181,385*0.05]

Simple Summary

We propose creating a multisig Operations Account wallet on Polygon Network.

Abstract

This multisig will primarily be created on the Polygon Network to serve the following purposes:

• Receiving wETH2x-FLI and other products revenue
• Managing Index Coop owned liquidity provisions

The signers on the Polygon Operations Account will be the same as those on Ethereum Network Operations Account wallet.

Motivation

As Index Coop is going to be launching products on Polygon, the community needs a wallet for receiving revenue. Finance Nest is preparing for this and wishes to do so well in advance of any product launches. In addition to receiving revenue we expect the wallet to be used to deploy Protocol Controlled Liquidity (PCL) creating liquidity for either INDEX or Index Coop products.

The Ethereum Operations Account holds around $3.5M at the time of writing, most of this is INDEX and ETH2x-FLI. The Polygon Operations Account will likely hold similar value pending how much PCL is deployed. There is around 930K of DPI & MVI in the main Treasury wallet, if this was deployed on Polygon as PCL then the wallet will hold around $1.86M. Therefore it is reasonable to think the Polygon Operations Account will hold a similar value to the Ethereum Operations Account wallet. Upon creating the wallet an amount of MATIC will be distributed to some of the signers enabling transactions to be executed.

Specification

Create a Gnosis Safe on Polygon network:

• Add all the people listed in the table below

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

Currently, the Operations Account on Ethereum has the following signers. I propose replicating this on Polygon.

Location	Roles	Operations Account
United States America	Developer	@dylan
United Kingdom	TOCWG	@Pepperoni_Joe
United Kingdom	Finance Nest	@Matthew_Graham
United Kingdom	Finance Nest	@ElliottWatts
United Kingdom	Finance Nest & TOCWG	@Hammad1412
United States America	Operations Account Manager	@prairiefi
United States America	Metagovernance	@oneski22
United States America	Engineering	@ncitron
United Kingdom	Growth	@MrMadila
APAC	Product	@cavalier_eth
APAC	APAC Business Development	pujimak_in

Voting

FOR:

DO create an Operations Account on Polygon Network

AGAINST:

DO NOT create an Operations Account on Polygon Network

Copyright

Copyright and related rights waived via CC0.