MGC Election: November 2021

Author(s): Governance Operations Working Group Discussions-to: https://gov.indexcoop.com/t/mgc-member-nominations-november-2021/3149 Created: November 18, 2021 ‌

Simple Summary

This election is to appoint two members for the Meta Governance Committee. They will start their term on block 13720000 (December 1st, 2021) and serve for 1.2M blocks (~6 months).

Specification

‌The MGC is an elected body, entrusted with the task to vote on Meta Governance votes, but only when the community does not reach quorum. Members of the committee are asked to cast their vote on each Meta Governance vote (FOR, AGAINST or ABSTAIN). In return for their efforts, each member receives a fixed stipend of 1500$ per month, paid in $INDEX via the Operations Account (using 20-day moving average).

Members of the MGC are elected for 1.2M blocks (~6 months), with a current maximum of three consecutive terms. The committee has five seats, of which every quarter either two or three are open for (re-)election.

The election takes place via a ranked-choice voting and a person needs to go through a nomination procedure to be eligible for the election. The two nominees with the most votes, will be serving in the MGC. They will start their term on block 13720000 (December 1st, 2021).

Nominees

‌The following nominees are put up for election.

Overview

• Penn Blockchain LLC (@yuan-han-li as representative)
• David Silverman (Bridgewater Innovations LLC as serving entity, @oneski22)
• Brian Adam (@sixtykeys) ‌

Profiles

‌Penn Blockchain, LLC (@Yuan-han-li, representative)

Penn Blockchain is one of the largest student blockchain clubs in the world and our mission and goal is to educate our community about Web3 and crypto. We have a number of initiatives that help us to achieve our mission, one of which is to help steward the space by acting as a neutral and unbiased third party (similar to independent board members in traditional corporate governance) in our capacity as a delegate across a number of DeFi protocols (Uniswap, Compound, Aave, dYdX, and Index Coop). Additionally, we also run trading competitions, host speakers, and have a newly formed research committee that is beginning to engage with DAOs (e.g. PrimeDAO) as contributors and also publish research.

David Silverman (Bridgewater Innovations, LLC @oneski22)

I am a gold owl, currently serving on the MetaGov board. I have been researching blockchain technology since 2012 and began consulting/educating VCs, lawyers and institutions in 2017. Should I be elected the entity serving on the board will be Bridgewater Innovations LLC.

I co-founded ELEV8 Crypto, which has worked with IC on several occasions, including its current engagement of managing the MetaGov EOA. ELEV8 is active on governance across many Web3 protocols, assisting institutions, individual investors and University groups in the setup and management of governance processes.

Presently I’m a PM at Aave building novel Web3 experiences. In addition, I’m a VP at 3SE Holdings, a small crypto investment firm, which does hold INDEX as one of its holdings. My full disclosure statement can be found here.

Brian Adam (@sixtykeys)

I am a gold owl, and have been contributing to the Index Coop for six months now.

I co-lead the Governance Operations Working Group (GOWG); therefore I look forward to deepening my knowledge of MetaGovernance operations and ensuring the Index Coop is an active participant in the governance of protocols on which MetaGovernance is enabled.

Vote

• Select the person you would like to see serving in the MGC by ranking them in order, with the person who should be elected on top, second person in second rank, etc.
  • If an incorrect selection is made, a page-refresh will clear selections
  • Results are updated as votes are cast
• Once selections are made, click [Vote] and sign the transaction; at this point no changes can be made. ‌‌

Copyright

Copyright and related rights waived via CC0.