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

• The Liquid Staking Derivative Yield Generation Report is designed to evaluate the various Ethereum LSD yield opportunities. [9:20]
• The report factors in multiple criteria, including criteria for eligibility, judgment, and quality of yielded assets.
• ElBarto presented a review of a few dashboards, including: [19:00]
• Tracking Rook’s staked ETH positions
• Scalable dashboard for stableswap partners
• Business development stableswap deck
• The treasury team is developing a report template that may be used to publish weekly updates on treasury positions and movements. [24:00]

Housekeeping

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