<aside> ✨ Welcome!
This quarterly report documents the major focuses, activities, and results of Rook Labs over the final quarter of 2022, that is, the period from October 01 to December 31, 2022. It is intended to serve as a vehicle for discussion and insight with all members of the Rook DAO and the wider blockchain industry.
Last quarter’s report:
Rook Labs Quarterly Report 2022-Q3
Contact us: Visit us on Discord: **https://discord.gg/rook** Follow us on Twitter: **https://twitter.com/rook**
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<aside> ⚖️ DISCLAIMER
*Any and all statements about the future of the project or any other forward-looking statements (identified by words including, but not limited to, ‘goal’, ‘projection’, ‘objective’ etc) are subject to assumptions and other factors which may or may not limit the extent of actual results; no forward-looking statements are intended to be relied upon, and are not offered as advice (financial or otherwise). Examples of assumptions and other factors outside our control having a material impact on actual results achieved include (but are not limited to):
Economic conditions including the effects of an economic downturn, inflation rates, digital asset or commodity prices, and monetary fluctuations;
Legal and regulatory delays and other obstacles associated with mergers, acquisitions, and investments;
Changes in regulatory or legislative requirements, such as changes in tax laws or rates, registration requirements, changes in financial or regulatory accounting principles or policies imposed by the Financial Accounting Standards Board, the Securities and Exchange Commission, the Commodity Futures Trading Commission, Monetary Authority of Singapore, EU Commission or Parliament or any other regulatory body whose purview is financial and digital asset laws and regulations;
Employee or contractor workforce factors including changes in key executives or contributors;
Unanticipated smart contract risks such as hacks or other cybersecurity risks;
Risks associated with underlying technology outside our control, including risks associated with the Ethereum or any other blockchain network;
Industry restructuring or other material changes in market structure.
Rook undertakes no obligation to publicly update or revise any forward-looking statements made in the past, whether as a result of changes in actual results, changes in assumptions, other factors affecting such statements. Financial statements are prepared on the basis of modified accounting principles due to the experimental and nascent nature of DAO business enterprise and its formation. Deviations from established accounting standards or principles such as IFRS and GAAP are taken as deemed necessary according to professional judgment. These statements were prepared by internal DAO members, and such statements are not intended to be relied upon as advice (financial or otherwise).
Lastly, due to the quarter not being fully closed, this draft document may be inconsistencies or differences attributable to timing in prices or other factors*.
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<aside> 🧑🏭 Contributors hazard (CEO), JZ (CTO)
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During Q4, we began rounding the corner on several major projects. Audits, performance optimization, and end-to-end testing have filled the schedules of our engineering teams. New research is tightening the formal guarantees on the mechanisms of our auction, protocols, and the ecosystem they support. Reorganization of the operations teams aims to spark new efficiency and better support our products and technology in the industry. The broader economic headwinds of the last quarter have continued, but we have used this time to build and focus in on making the best products that we can, products we know the industry needs, and users deserve.
As a DAO we have continued to face challenges. Mounting regulatory uncertainty and partner hesitation led us to adopt a landmark KIP which streamlines tokenomics in the interest of adoption. I could not be prouder of the DAO for rallying around our mission in that instance, but I am disappointed, like I’m sure many of you are, to see innovation being limited by such factors.
However, as we go into the last phases of our product builds, we are putting all of our resources available to work to ensure that the launch of this new technology is a success. Our mission is more relevant than ever, and we are looking forward to bringing out our solutions and beginning to iterate, improve, and share our work with the world.
Total Orders Filled | 1239 |
---|---|
Total Volume | $23,139,463.95 |
Total ROOK Bid | 2519.118336174579 |
Total Staking Rewards | 251.911833 ROOK |
Total User Rewards | 2015.29466893 ROOK |
Total Treasury Revenue | 151.1471001704 ROOK |
Total ROOK Burned | 100.7647334469 ROOK |
Total Orders Filled | 10,234 |
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Total Volume | $367,216,744.47 |
Total ROOK Bid | 11,025.435 |
Total Staking Rewards | 1102.5435 ROOK |
Total User Rewards | 8820.348 ROOK |
Total Treasury Revenue | 516.75 ROOK |
Total ROOK Burned | 441.0179278 ROOK |
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