Meeting Summary for Roundtable of Dogs Meeting #6 9/6/24

[turtle]

Roundtable of Dogs Meeting #6 Notes September 6, 2024

Attendees:
Buzz (non-voting)
Shima (non-voting)
Turtle
Morten
Archangel
Mudd
Queen
Hero
Sentinel
Shima
Danger
No One
Seth Shapiro
Lucie

Meeting Intro by Buzz

Buzz and Turtle gave a summary of treasury status, budget updates from the last meeting, notable DAO achievements, etc.

1. Proposal for Treasury Stables Rebalance (sDAI → USDC/USDT) - PROPOSAL MOVES TO VOTE

• 100% of Roundtable voted Yes
• 0% of Roundtable voted No
• Takeaway - Proposal will move to on-chain vote.

Link to proposal discussion

Proposal for Treasury Stables Rebalance (sDAI → USDC/USDT)

Proposal for Treasury Stables Rebalance (sDAI → USDC/USDT) (1) Introduction and Objective K9 Finance DAO proposes rebalancing our stablecoins under the existing approved treasury management proposal. Shima and Turtle have identified major changes around MakerDAO and the DAI product that increase the risk of holding DAI as a stablecoin. sDAI has outperformed both USDT and USDC but not at a high enough rate to warrant any additional risk. Supporting Research [Lumberg on X] Lumberg on X on X">[tune…

Link to Snapshot Vote for this proposal
https://snapshot.org/#/k9safe.eth/proposal/0xdbd09f8de2f6bd376f5dd4aa2dc7ec4385183c3f61892090d6b9a2b5fea4d502

2. Proposal for External DAO Voting via DAO Chairman - PROPOSAL MOVES TO VOTE

100% of Roundtable voted Yes
0% of Roundtable voted No

Takeaway - Proposal will move to on-chain vote.

Link to proposal discussion

Proposal for External DAO Voting via DAO Chairman

(1) Introduction and Objective K9 Finance DAO proposes granting the Chairman of the Roundtable the authority to use DAO-held tokens, such as SHIB and BONE, to vote in other DAOs beyond K9 DAO. This need arose during a recent SHIB DAO vote, where K9 Finance DAO, holding a significant amount of SHIB and BONE, realized that our ability to participate in such votes was unclear within our current framework. Often, these external DAO votes are time-sensitive and do not align with the monthly K9 DAO R…

Link to Snapshot Vote for this proposal
https://snapshot.org/#/k9safe.eth/proposal/0x653c3968b15f4215d6945b872cc68ce2ab1ba74aee544940048cc2f7984e4655

3. Proposal for K9 Product Fees and Reward Distribution Structure - PROPOSAL MOVES TO VOTE

100% of Roundtable voted Yes
0% of Roundtable voted No

Takeaway - Proposal will move to on-chain vote.

Link to proposal discussion

K9 Product Fees & Reward Distribution Structure

Proposal for K9 Product Fees and Reward Distribution Structure (1) Introduction and Objective K9 Finance DAO proposes the following product fees and reward distribution structure for the upcoming “Bonecrusher” liquid staking product being launched on September 18th. These values are suggested based on other successful liquid staking models including Lido Finance, Frax Finance, etc. The vesting module structure mimics the dynamics of GMX & SNX with potential improvements on their respective model…

Link to Snapshot Vote for this proposal
https://snapshot.org/#/k9safe.eth/proposal/0xaabc6604384c98a2625452662394ea0c0927be0aec8c13df5dc94130b12699bc