Rook DAO Status Update 7.8.22

Rook DAO Status Update 7.8.22
Rook DAO Status Updates are community calls held every other Friday and are intended to quickly bring our community up to speed on the latest developments, decisions, investments, and events that matter most to our community.

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

Intro & Major Rook Updates

  • We are retiring Town Halls in favor of the new Rook DAO Status Update. The new structure will allow for better and more efficient communications between Rook Labs and the DAO.
  • Five End of Quarter events have been posted and summarized on the Rook Blog.
  • The Q2 Report has been published.

Treasury Recap

  • Recent Treasury Tuesdays: June 28th, July 5th.
  • Maple Finance withdrawal (KIP-25) has been approved. Funds are being withdrawn pending the 10-day cool-down period and funds availability.
  • Compensation 2.5 has rolled out as a two-month interim solution before 3.0 is finalized.
  • Stablecoin deployment is in progress, but rolling out slower than expected due to risk mitigation assessments.
  • Q3 Labs budget is in the late stages of formation.
  • Bancor withdrawal and non-core asset proposals are underway.
  • A proposal for establishing a transparent wallet for internal testing of product strategies has been introduced.
  • A proposal has been introduced on the Optimism forum for Phase 1 funding.


  • Recent Gov Workshops: June 29th, July 6th.
  • The focus of recent Gov Workshop calls has been KIP-21.
  • The DAO is continuing to work on the revamped Sophon process and onboarding.
  • The team has been interviewing products and vendors for governance analytics and tracking.
  • Testing Discord <> Discourse automations to persist comments across platforms.

Organization & People Ops

  • Compensation 3.0 progress is being made. Expect more internal discussions before bringing it to the DAO in the coming weeks.
  • Regulatory and legal frameworks are being developed, along with an enhanced grants program.


  • The content team has partnered with Starbased for event recaps.
  • The Rook Narratives presentation will be made public in the coming weeks.
  • Additional podcast opportunities are in the pipeline as the team pitches to bigger names.
  • The Studio team will produce more audiograms to share on social media.
  • A website revamp with more data-driven content is in development.

Operations & Growth

  • A DAO is already looking into integrating limit orders into their dApp. Agreement and announcement coming soon.
  • The Rook Transaction Relay product is getting feedback from infrastructure integrators.


  • High productivity from the protocol team developing Ninja, Coordinator, and Transaction Relay.
  • Improved DevOps processes, including increasing security for the API, using Datadog for improved logging, and Frill for customer feedback.

Outstanding Gov Proposals

  • KIP-26 will extend the leadership team’s powers for an additional two quarters.
  • Concerns may be addressed by superseding KIPs that may amend the powers granted in KIP-26.
Key Links
Youtube: Rook Youtube

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