The Quarterly Report for Q4 2022 has been released! This report covers activities for the different Rook Labs teams as well as leadership updates and protocol metrics.
KIP-36 - 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.
KIP-37 - 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.
KIP-38 - Replenishing Discretionary Allocation Fund: This gives the treasury the ability to quickly react to and take advantage of market opportunities in a non-public manner. This proposal would replenish the cap to the lesser of $5M or 5% of the treasury’s notional value.
KIP-39 - 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.
Project Mismo is an effort to productize the various revenue-generating MEV strategies that the treasury has been executing, such as one-to-one stable swaps and LSD arbitrage. More updates about this new product will be released as they become available. [12:46]
The DeFi Roundup will be a new community call that will allow the community to bring up general DeFi-related questions for the team to research and distill. [16:12]
The Q1 2023 Budget Request outlines the USDC allocations for Rook Labs in accordance with the project budget. [18:38]
Open Floor [25:00]
Peter (SlagathorTheMammothKing), a representative from Origin Protocol, requested guidance for forming a proposal to Rook governance for using OUSD. [26:41]