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### Governance Update
#### Live Votes
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| [COMPOUND-39] ZRX, BAT, and WBTC Parameter Update #QmP8qvM | Meta | [Vote](https://snapshot.page/#/index/proposal/QmP8qvMC2zf5bkw2f8s6AekLq5uzJnyWUdh8aVTPtqAYvG) |
This proposal is for voting on Compound's proposal #39 using DPI. Please review the proposal here: <https://compound.finance/governance/proposals/39>
Details: Opened Mar 3rd, closes Mar 5th
#### Recent Votes
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| Decision Gate 1: Metaverse Index (MVI) | Meta | [Vote](https://app.boardroom.info/index/poll/Qmeaho3rEC8pM9t3FwhCQ86rdYtrpo2iDqHSxMcf2nu51Z) |
Decision Gate 1 is the initial vote for onboarding products to the Index Coop. A passing vote here signals interest by the Index Coop to explore the feasibility of launching the Metaverse Index product. Index would like to propose the first "in house" index run and managed by the community. MVI lets users gain exposure to the new but growing group of projects on Ethereum that relate to virtual ownership through NFTs, gaming, virtual reality, entertainment platforms and more in one convenient ERC20 token built on [Set Protocol](https://www.tokensets.com/).
Update: The proposal passed on Feb 27th and will now move on to a decision gate 2 after work and research is carried out to assign MVI a product prioritization score.
#### New Forum Posts
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| IIP-17 Token Terminal Index | Proposals | [Discuss](https://gov.indexcoop.com/t/iip-17-token-terminal-index/936) |
Summary: A price to sales ratio (P/S) weighted smart beta index by Token Terminal (TTI).
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| Index Coop - Financial Reporting | Growth | [Discuss](https://gov.indexcoop.com/t/index-coop-financial-reporting/939) |
Summary: Index Coop - Financial Report
![Screenshot 2021-03-03 at 15.38.07](https://aws1.discourse-cdn.com/standard10/uploads/theindexdao/original/1X/acb657d2500bce8471b5f3c6e0fdd4e20b12a9aa.png)
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| IIP-16 Smart Treasury | Proposals | [Discuss](https://gov.indexcoop.com/t/iip-16-smart-treasury/935) |
Summary: Deploy a Balancer Smart Pool with $500k from the community treasury to pilot a buy-back-and-make model 2 for improving INDEX tokenomics, with an option to extend after 3 months based on program success.
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| Let’s create the BED Index | Proposals | [Discuss](https://gov.indexcoop.com/t/lets-create-the-bed-index/916) |
Summary: One click exposure to Bitcoin, Eth and DPI
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| Accounting for client Life Time Value (LTV) in growth experiements | Growth | [Discuss](https://gov.indexcoop.com/t/accounting-for-client-life-time-value-ltv-in-growth-experiements/909) |
Summary: Tracking and accounting LTV
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| IIP-18 ETH2x FLI Liquidity Mining | Proposals | [Discuss](https://gov.indexcoop.com/t/iip-18-eth2x-fli-liquidity-mining/937) |
Summary: Start liquidity mining incentives for the ETH2x Flexible Leverage Index (ETH2x-FLI) Set for 30 days.
#### Ongoing Forum Discussions
| Name | Category | Link |
| --- | --- | --- |
| 3 Immediate Strategic Needs for the Coop | Organization | [Discuss](https://gov.indexcoop.com/t/3-immediate-strategic-needs-for-the-coop/902/7) |
Three proposed immediate strategic priorities for the Index Coop: Establish North Star Goals Establish Core KPIs Empower High-Impact Contributors The goal of this is to understand and acknowledge challenges felt among community members and establish a strategic direction to guide the Coop.
Summary:
1. Decentralisation should be fleshed out
2. There is need for more clear leadership structure & framework
3. There is need to clarify the IIP path
4. Review unlocking the value of passive holdings, token inflation planning, and product KPIs as additional needs
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| IIP-14 DPI Liquidity mining #4 | Product/Marketing | [Discuss](https://gov.indexcoop.com/t/iip-14-dpi-liquidity-mining-4/770) |
Extend INDEX liquidity mining incentives for the DeFi Pulse Index (DPI) Set for 30 days with a lower (50% reduction) issuance rate or 1,250 per day.
The current liquidity mining incentive program ends on February 6th. This proposal seeks to extend liquidity mining incentives with a new liquidity mining program to continue growing distribution and adoption of the DPI.
Update: More conversations around future liquidity mining and related incentives can also be found [here](https://gov.indexcoop.com/t/liquidity-mining-strategy-starter-for-10/893/6).
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| Short Term Treasury Diversification | Treasury | [Discuss](https://gov.indexcoop.com/t/short-term-treasury-diversification/867) |
Proposal to purchase $200k ETH from the treasury committee wallet given the recent price rally of INDEX, to begin reducing the volatility of our treasury holdings and allowing for the potential expansion of smart treasury after its’ 3 month trial period.
Indicative community vote majority remains for as of Feb 17th