A redox-switchable ligand, N,N'-dimethyldiaminocarbene[3]ferrocenophane (5), was synthesized and incorporated into a series of Ir-and Ru-based complexes. Electrochemical and spectroscopic analyses of ; post-oxidation: k obs = 0.0012 s −1 ). Subsequent reduction of the oxidized species using decamethylferrocene restored catalytic activity ( post-reduction: k obs = up to 0.016 s −1 , depending on when the reductant was added). The difference in the polymerization rates was attributed to the relative donating ability of the redox-active ligand (i.e., strongly donating 5 versus weakly donating 5 + ) which ultimately governed the activity displayed by the corresponding catalyst.