Too Long; Didn't Read
The Index Coop, like many of the largest decentralized finance projects, functions as a Decentralized Autonomous Organization (DAO). In a DAO, unlike a traditional corporation, projects and priorities are voted on by community members. In order for a vote to be executed, a 5% quorum must be reached by the end of the voting period. In traditional finance, this kind of governance activity is referred to as “investment stewardship” and it is a complicated business.