“What about them makes me think they’re high risk?”
First and foremost, the gruesome bear market lows we’ve just experienced for the last year +
If something looks too good or easy to be true it usually is.
This bear market liquidated many leveraged treasures so my first instinct from the detail I have (not much) is that Kusama Kingdom treasuries may have performed similarly.
I also remember that Kusama Kingdom had high exposure to RomeDAO which may have resulted in loss of funds as an example.
Secondly, there are many projects under the umbrella of stakeholders within Kusama Kingdom which generate dividends for holders (e.g. Buddies, Moonbuddies) and also Teddy DAO project.
Will the funds from Astar dApp staking be segregated from these projects given they are sitting outside of Astar?
Another possibility is that the Astar dApp staking reward funds are used to buy the floor price of these NFT’s and being ‘washed’ into the respective treasuries this way.
Finally, what is the plan for liquidity rewards and profit made from seed funding?
It looks to me like the plan for funds or the future isn’t properly documented - “build something” above doesn’t give me much clarity on the value to be gained here.
Will any profits made be funnelled to Kusama Kingdom treasury rather than back into the Astar ecosystem?
What controls are in place to ensure the outcome?
Not sure if a multi sig wallet with a mod from Astar would help cement trust here (or is even possible).
(Please note same disclaimer applies that these are not accusations in the slightest, and just a healthy dose of skepticism as with any proposal to be discussed).