The ALCX staking proposal is pending, and may be re-worked due to ongoing discussions with Alchemix on the necessity to maintain this position.
An upcoming KIP will request to expand the treasury’s ETH deployment funding. The treasury has additional ETH that can be deployed into yield-bearing strategies such as Lido, RocketPool, and other options.
The quarterly report for Q3 will be made public this week or next week. Please provide feedback to DaddyMatty if there is anything you’d like to see in this report!
The team continues to research stablecoin yield strategies. With the risk/reward ratio being so poor on stables in the current market conditions, the Treasury team is looking to take a step back and understand what attributes are important for stablecoins. These include censorship resistance, backing characteristics, collateralizations, peg stability, composability, and liquidity. [14:00]
Open floor [23:45]
SamB from Alastor, a strategic and financial advisory firm focused on web3, introduced their team. Participants discussed M&A (mergers and acquisitions) in crypto, the difficulties involved in executing them on-chain, and the poor example set by the problematic Fei/Rari merger.
Participants discussed valuations in web3 and the difference in raising capital today compared to last year. [33:00]
The Alastor team chatted about securities laws and regulations related to token value capture. [37:00]