Treasury Tuesday 7.19.22

Treasury Tuesday 7.19.22
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!


  • Ethereum Proof-of-Stake testnet merges have been successful, with a tentative date set for the mainnet merge. [1m]
  • KIP-26 to extend leadership team powers has passed. [4:00m]

Proposals Pending [5:00m]

  • The Treasury Charter aims to create a framework for guiding the direction and vision of the treasury.
  • The Establish a Testing Wallet KIP will allow the team to internally test the protocol with live stablecoin funds, but not expose the treasury to directional market risk.
  • A Bancor Proposal seeks to withdraw liquidity from Bancor, and instead utilize different strategies such as Tokemak.
  • The Non-Core Asset Discretion Proposal gives the team the flexibility to manage assets worth <$100k without requiring cumbersome governance processes.
  • The Optimism Proposal seeks funding from the Phase 1 Optimism Governance Fund in order to bolster L2 development efforts.


  • MPL rewards have been liquidated. However, the withdrawal of USDC funds is still in progress. [11:45m]
  • The Treasury Charter is the highest priority for review by the community and Sophons. [13:30m]
  • Please provide feedback for the Treasury & Protocol Dashboard via the Requests Sheet.
  • A plan is being developed to improve ROOK liquidity through the use of a Tokemak Reactor and further deposits to Uniswap and Sushiswap. [17m]
  • Currently, 45% of liquidity for ROOK is on centralized exchanges, and the remaining liquidity is fragmented across decentralized AMMs.
  • Balancer is another venue to explore for improving liquidity, but given the fact that liquidity has already been seeded to Uniswap and Sushiswap, bootstrapping another pool is challenging. [20m]
  • Whether any existing pool is being used as an oracle price feed should be considered before action is taken to pull liquidity from a DEX. [26-30m]
  • The ETH Deployment Execution Plan is underway, with the team looking to potentially take advantage of discounts available to ETH staking derivatives if an opportunity arises. [29m]
  • The Stablecoin Matrix compares the risk of various stablecoin strategies. The team and community discussed whether the increase in yield is worth the risk of deployment. [33m]
  • Strategies related to the upcoming CVX unlock will be discussed next week. [42m]

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