Transfer 600,000 NDX to Sigma Committee Timelock
Approved Sigma Proposal: https://gov.indexed.finance/#/ndx.eth/proposal/QmbneygJdeXFNzxrtVw7CTZAgLUwPBfxrCBzucefuWC1Q8
Committee Selection Poll: https://forum.indexed.finance/t/sigma-committee-selection-poll/205
On-chain Proposal: https://indexed.finance/proposal/0x6
Summary
This proposal will begin the Sigma pilot program approved by the community by transferring the 600,000 NDX to the committee timelock detailed in the original Sigma proposal.
Timelock Overview
The committee timelock will hold 600,000 NDX, and will allow the Sigma committee to allocate rewards for new liquidity mining programs.
As detailed in the original proposal, the timelock allows the Sigma committee to assign staking rewards while ensuring that Indexed governance is able to replace the committee, reclaim the allocated tokens or veto specific allocations.
The timelock allows the Sigma committee’s Gnosis safe to queue token transfers, which will be delayed for 7 days before executing. This gives Indexed governance the ability to assess allocations and veto them if desired. The timelock also allows Indexed governance to replace the Sigma committee or reclaim the remaining tokens.
Committee Timelock Contract: https://etherscan.io/address/0x9BF4bE02414568eb481F448149432c6863737966
Committee Gnosis Safe: https://gnosis-safe.io/app/#/safes/0xBb22A47842EaFc967213269280509A8B28e57076
Code Review
A code review was done by Daniel Luca and Andrei Simion over the course of 3 days to evaluate the overall access control system, the committee timelock and committee proxy contracts, and some minor changes to other proxy contracts which will be used for the next pool controller.
The review found one medium issue, three minor issues and one informational issue. The medium issue involved the voting period on GovernorAlpha and user expectations about when a proposal would finish; we’ll resolve this by adding links to block countdowns on Etherscan to the governance proposal pages. The minor issues had to do with external event tracking & readability, and they were addressed with small contract updates. The informational issue was considered expected behavior and was not addressed.
The full code review can be found here: https://raw.githubusercontent.com/monoceros-alpha/review-indexed-sigmacommittee-2021-02/master/Report.pdf
Committee Members
The members of the committee are:
| Forum Username | Appointed By | Address |
|---|---|---|
| @d1ll0n | Team | 0x236ECcAB8cdcfEDb099dE85c4060024bA3cE4d46 |
| @litocoen | Team | 0x330F1997C9bBC66bE5f1A3B0f2F6403051Ea57Be |
| @Norsefire | Community | 0x000000000057E8ABd581828A2b40076852C0bA6E |
| @Strategy | Community | 0x2c87C3ac0DE22076eca02dB7C66938fCAcB7035e |
| @blurr | Community | 0xef764BAC8a438E7E498c2E5fcCf0f174c3E3F8dB |