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tags: Know Your MIP
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# Know Your MIP #14 - Editorial

October 18^th, 2022

## Agenda

- [00:00](https://youtu.be/2rTpyLEq6yg): Intro with Retro
- [01:03](https://youtu.be/2rTpyLEq6yg?t=63): Presentation and Discussion with CoinShares
- [13:34](https://youtu.be/2rTpyLEq6yg?t=814): Questions
- [48:58](https://youtu.be/2rTpyLEq6yg?t=2938): Outro

## Video

<https://youtu.be/2rTpyLEq6yg>

## Introduction

### Retro

- Hello, MakerDAO community. Welcome to Know Your MIP episode #14. I am Retro from the SES CU. Today I am joined by CEO and CFO from CoinShares, Jean-Marie Mognetti and Richard Nash, to dive deeply into MIP86.

## Presentation

### CoinShares Treasury Investment Program

[01:03](https://youtu.be/2rTpyLEq6yg?t=63)















## Questions

[13:34 - PaperImperium: Is there a maximum concentration for a given counterparty or issuance](https://youtu.be/2rTpyLEq6yg?t=814)

[14:04 - David Krett: Your proposal states that a minimum of 70% will be investment grade - could you talk about the credit risks of the non-investment grade investments?](https://youtu.be/2rTpyLEq6yg?t=844)

[18:29 - Retro: You mentioned transparency, and there was also a call out for a real-time TrustExplorer. Could you speak to that?](https://youtu.be/2rTpyLEq6yg?t=1109)

[22:00 - Retro: Knowing that it is a partnership that CoinShares and Mourinho have directly, would you say that request by the DAO could be integrated since you own some of that development?](https://youtu.be/2rTpyLEq6yg?t=1320)

[32:12 - Tim Black: Do you have the smart contract developers for this in-house?](https://youtu.be/2rTpyLEq6yg?t=1933)

[32:55 - Retro: Could you speak of the sub-components 6 and 7, the legal structure, and the custodian relationship?](https://youtu.be/2rTpyLEq6yg?t=1975)

[36:03 - ElPro: Is the Armanino a real-time tick-by-tick dashboard--or does it get or priced EoD? Second, can you expand on SOFR?](https://youtu.be/2rTpyLEq6yg?t=2163)

[38:23 - ElPro: Can you go over the slow allocation of funds--is it because you are worried about the possibility of a recession in 2023? ](https://youtu.be/2rTpyLEq6yg?t=2303)

[40:00 - Retro: Can you speak to the sub-component four of your MIP?](https://youtu.be/2rTpyLEq6yg?t=2400)

[42:30 - ElPro: Can you go over the breakdown on $500M and the 1/3, 1/3, 1/3 split?](https://youtu.be/2rTpyLEq6yg?t=2550)

[47:00 - Retro: What is the best way to get a hold of you?](https://youtu.be/2rTpyLEq6yg?t=2820)

[48:21 - Retro: Any last comment?](https://youtu.be/2rTpyLEq6yg?t=2901)]

## Outro

### Retro

[48:58](https://youtu.be/2rTpyLEq6yg?t=2938)

- Thank you for coming. Keep up with everything at the [forum](https://forum.makerdao.com/), and see you around.

## Credits

- Kunfu-po produced this summary.
- Everyone who spoke and presented on the call.