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Update Update Week-5 2021, 02-18-21.md

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indexCoop/Updates/Update Week-5 2021, 02-18-21.md
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@ -18,16 +18,30 @@ This proposal is a meta-governance proposal to vote on Compound's proposal #37 u
The Proposal passed on Feb 11th and was executed on Feb 14th.
#### Discussions
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| IIP-15: Metaverse Index | Development | [Discuss](https://app.boardroom.info/indexCoop/forum/837) |
| IIP-15: Metaverse Index | Development | [Discuss](https://gov.indexcoop.com/t/iip-15-metaverse-index/837) |
This IIP relates to launching the Metaverse Index with an updated methodology as described below. This will be the first index product to be launched from within the Coop community and not with an external partner as the methodologist. It is designed to capture the potential upside of the new but growing group of projects on Ethereum that relate to virtual ownership through NFTs, gaming, virtual reality and entertainment.
The opportunity here is to create an index that rewards long term investment in a decentralized and virtual future.
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| IIP-8: Meta Governance Module | Product/Meta??? | [Discuss](???) |
| IIP-8: Meta Governance Module | Product/Meta | [Discuss](https://gov.indexcoop.com/t/iip-8-meta-governance-module/276) |
This IIP adds meta-governance support for AAVE, UNI, and COMP to the DeFi Pulse Index.
It add the GovernanceModule to the DeFi Pulse Index Set with support for AAVE, Compound and Uniswap. Governance represents a single vote casted by $INDEX token holders off-chain, which is then executed by the Index Multisig via the GovernanceModule. A GovernanceModule implementation is ready and can go live within 1-2 weeks pending audits.
| 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.
| 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.