Community Call Treasury Tuesday: December 6, 2022

The treasury team discussed pending proposals, KIPs in development, and analytics dashboards.

Rook logo and branding; recap by Starbased
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Treasury Tuesday calls are open-invite meetings to drive the strategy, risk management, and overall discussion for all aspects relating to the Rook DAO Treasury.

To participate in the calls and ask any questions you may have, join our Discord!

View the agenda for this event.

Recent Events and News

Pending Proposals

  • Replenish Discretionary Investment Limit Funds: This proposal gives the treasury the ability to quickly react to and take advantage of market opportunities in a non-public manner. The proposal would replenish the cap to the lesser of $5M or 5% of the treasury’s notional value. [1:30]
  • Deployment of Additional ETH for Yield Generation: The ETH yield generation experiment has been successful, so there is a desire to increase the limit to 80% of idle ETH. [2:15]
  • Expand Funding and Strategies of Testing Wallet: Originally $600K was allocated to the testing wallet effort. Due to the success in generating yield, an additional $400K in DAI funding is being requested. [3:10]
  • Discretionary Swapping of Like-Kind Assets: Currently, the treasury must go through the slow governance process to swap like-kind assets. This proposal would mitigate risk by giving the treasury the discretion to swap between stablecoins, Ethereum/ETH derivatives, and Bitcoin/BTC derivatives. [3:50]
  • Updating Rook’s Governance: This draft is an effort to build upon KIP-0 to further outline the responsibilities of the various participants in the governance process. [23:00]

KIPs in Development

  • An emergency rebalancing proposal is being drafted that would allow the team to react quickly to market events, balancing speed versus risk. [5:10]
  • Approved Stablecoin Framework
  • Treasury Management Framework

News

  • Maple Finance was recently affected by an insolvent borrower failing to repay a multi-million dollar loan. Rook was previously exposed to Maple, but fully withdrew from pools months ago and is unaffected by this loan default. [6:30]

Initiative Collaboration

Housekeeping

  • Stay tuned for an upcoming AMA panel with treasury management solutions (Den and Utopia Labs)!