Community Call Treasury Tuesday - September 6, 2022

The treasury team discussed recently passed proposals, Rune's DAI Free Float proposal, CBDCs, the Treasury Management Framework, and more.

Rook logo and branding with yellow geometric figures; recap by Starbased
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

  • KIP-5: The full CVX position has been exited.
  • KIP-24: The first tranche of staked ETH has been acquired, with remaining amounts to be acquired over the coming weeks.
  • KIP-29: The Non-Core Asset Discretion proposal has passed.
  • KIP-30: The Establish a Testing Wallet proposal has passed. This allows the Labs team to have a discretionary fund (~$600k) for internal testing of the protocol.
  • The Treasury Charter is currently being drafted.
  • Optimism is revamping their grant review process through the use of committees and an enhanced proposal template.
  • A material amount of ROOK has been received in the form of rebates through using the Rook Trade dApp for treasury swaps.
  • $5M worth of LUSD deposited to B.Protocol as part of seed liquidity for a pool can now be withdrawn and redeployed to more meaningful strategies.
  • Be sure to check out the DAI Free Float proposal on the Maker forums. This is a significant potential change to DAI and is worth following due to its implications within DeFi.
  • The community discussed the topic of CBDCs and their potential implementations.

Open Floor [22:30m]

  • Stubbs and the team are using Streamlit to create public dashboards for monitoring order flow, testing wallet metrics, network activity, and more.
  • Submit dashboard update requests using the public form.

Initiative Collaboration [28:00m]

  • Reach out to DaddyMatty, stubbs, or starfire if you have any suggestions for stable swap opportunities.
  • Please review the Treasury Management Framework – particularly the process for adding and removing core assets – and provide feedback to the team. This document aims to provide a systematic treasury management framework that outlines the use of funds, minimum rate of return for investments, and other risk management procedures.