Metagovernance in Crypto

- Index Cooperative (Index Coop): Index Cooperative is incubated by Set Labs. Index Cooperative offers various investment vehicles to individuals and institutions – from token baskets (ETF-like) to leverage.

------------------------------------------------------------- Curve War TL;DR Essentially, the Curve War(s) is an ongoing event where different parties fight for Curve voting power in order to bootstrap liquidity, deepen liquidity, increase yield, and fulfill other self-serving purposes.

The first meta-metagovernance playThe first meta-metagovernance (metagovernance for short) play happened in the summer of 2021 when Fei Protocol utilized its $INDEX token to list itself onto Aave.

Several months after Fei Protocol launches, Brianna posts an ARC on Aave's governance forum asking for $FEI to be listed. As a listing on one of the largest lending protocols requires a governance proposal process, a Snapshot is also created to gauge community sentiment. Both provide a sense of the community's perspective. Anyone can post an ARC on... See more

------------------------------------------------------------- Final words on metagovernance and governance in general I am optimistic about what metagovernance can bring to the crypto world and also to the human collaboration game. However, many concerns remain.

------------------------------------------------------------- Introducing the players - Fei Protocol: $FEI is one of the few truly decentralized stablecoins because it is mostly backed by $ETH. Fei Protocol’s Protocol Controlled Value (PCV) holds ~$653mn, providing a 206% collateralization ratio for all circulating $FEI.

------------------------------------------------------------- Metagovernance & TradFi we'll define metagovernance as holding one DAO’s token in order to influence decisions in another DAO(s). These institutions normally have dedicated teams actively voting on governance proposals on behalf of their clients. Investment stewardship is a complicat... See more

------------------------------------------------------------- Setting the stage

------------------------------------------------------------- Firework Aave is just a few steps away from listing Fei Protocol. Matthew, a core contributor at Index Coop, handles most of the interactions:

1. Fei community will propose to use its $INDEX to propose on Index Coop.


2. Fei community will propose IIP-82: use its $AAVE to list $FEI on Aave.


3. Index

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