June4CC.mp3

Action Items

• [ ] Team to finalize the price feed provider replacement and push the update to Snapshot once ready
• [ ] Team to activate the institutional CDs market and coordinate the larger incoming flows
• [ ] Noodle to publish the Engage audit report closer to launch, once a retail CD market is available again
• [ ] Team to continue the Cap Finance and FX discussions about possible OHM backing assets
• [ ] Team to resume Burner Loans after the bridge and price feed work is completed
• [ ] Apollo / team to bring the real-world asset RFC back for a future community call next month
• [ ] Team to keep pushing agent-focused docs and Protocol Visualizer API improvements

Dev Updates

• Layer 0 bridge upgrade remediations are finished; only a couple of info-level audit issues remain, testnet scripting is being run through, and the team expects to move toward OCG soon. The RFC and OIP were highlighted as the best source for the security changes.
• Price feed resilience is the next major dev item. One provider issue with Pyth forced a replacement search, and the plan is to maintain at least three feeds per asset using different providers before pushing to Snapshot.
• Frontend and infrastructure work shipped across the protocol visualizer and treasury dashboards, including a faster indexer for assets, balances, and reporting. The update went live internally today and should roll out to the frontend shortly, with better performance, lower infra cost, and stronger attack resistance.
• New monitoring is live, including a DNS monitor from Relwyn that sends Discord alerts when DNS config changes, improving detection and response for possible unauthorized access.

Treasury & Protocol

• Treasury health is stable overall, but ETH weakness is adding pressure through the ETH pair in the liquidity pool and through positions being unwound, which is contributing to OHM selling pressure. Core reserve holdings remain unchanged.
• Treasury-related proposals are moving forward, and at least one vote appears likely to pass and enter activation. Conversations are ongoing with protocols such as Cap Finance and FX about whether their assets could help back OHM.
• The public Cooler Drip tracker for OIP-194 shows the launch-to-date borrowing and buyback activity from both Origami and cooler holders, plus the protocol cost of the drip and the campaign timeline through October.
• Institutional CDs are live, and activation is intended to support larger market flows. The rationale shared was that the old market had too little tick depth for meaningful size, which priced out institutional participation; retail-focused market design can be revisited later.