1/ We are thrilled to share the GIP-92 proposal with the
@GnosisDAO
:
The spin-off of karpatkey DAO and the launch of our governance token, KPK. Let's dive into what this means!
๐ We are pleased to introduce our first treasury dashboard, featuring a detailed outlook on how the treasuries of the DAOs we work with are being managed. ๐ This is a token of our commitment to transparency and one more step towards increased automation.โฆ
We are pleased to announce some strategic developments following disbursements from
@GnosisDAO
investments in OLAS and HOPR.
Our action plan focuses on leveraging
@CoWSwap
FM-AMM liquidity pools to establish long-term partnerships and enhance our ecosystem.
Gnosis has receivedโฆ
1/ karpatkey is creating an actively managed, open-end investment fund for institutional investors, offering exposure to leading DeFi protocols. Our goal is to become a major liquidity bridge from TradFi into DeFi, benefiting our partners and the wider crypto ecosystem.
1/ People are not paying enough attention to the recent changes in GnosisDAO. It's become the 2nd largest liquid treasury and it's diversified enough there's no need to sell GNO. Ever. ๐๐
It's also about to become the largest revenue-generating DAO treasury.
Let's dig in ๐
1/ At Karpatkey, we have penned an article delving into the ramifications of
@MakerDAO
's decision to raise the DSR to 3.49%. This bold move is set to redefine the "risk-free interest rate" in DeFi by introducing Real World Yield on-chain. Let's unpack the impacts and risks. ๐งต
We are thrilled to announce that SAFE DAO Treasury Management Core Unit proposal [SEP 24] has been officially ratified, with over 44M community votes in favor, a 90% approval rate! ๐
As part of establishing a core treasury unit for
@safe
, karpatkey will oversee the jointโฆ
Hello Gnosis Chain community,
Since October, Gnosis Chain has experienced substantial growth based on organic adoption and an expanding offering in the DeFi spectrum through sDAI, Balancer, Aura, Spark and AAVE v3. Aiming to further increase adoption, and recognising that theโฆ
Today we successfully tested a core part of our non-custodial risk management infrastructure: the ability to automatically exit DeFi positions within seconds based on pre-configured triggers, such as rapidly deteriorating collateral ratios, protocol hacks, exploits, etc. Thisโฆ
We are extremely honored to be elected to the
@Uniswap
Treasury Working Group (UTWG), joining
@StableLab
,
@abdullahbumar
, and
@franklin_dao
. Once finalized by an on-chain vote, the group will begin its work.
The goal of the UTWG is to conduct research into best practices forโฆ
Huge congrats to
@Safe
and
@GnosisDAO
for successfully enabling $SAFE token transferability, a major milestone for both DAOs! To support these efforts, karpatkey has, through the joint Safe and GnosisDAO treasury, taken the following steps:
1๏ธโฃย We helped raise capital through anโฆ
๐ 2023 in review - karpatkey ๐คGnosis
In 2023 our primary goal was to enhance the
@gnosischain
DeFi ecosystem:
โข Launch of
@aave
,
@Balancer
,
@sparkdotfi
,
@AuraFinance
, among other projects;
โข Increase in Total Value Locked (TVL) from $56M to $229M, according toโฆ
1/
@karpatkey
and
@Token_Logic
are thrilled to announce our joint proposal as the Financial Service Provider for
@aaveaave
DAO! This partnership marks a significant step forward in DAO financial management. ๐งต
๐ข
@karpatkey
is thrilled to join
@Token_Logic
as Financial Service Providers for
@aave
DAO following the unanimous results of the AIP vote.
The mandate includes:
โข Treasury Management;
โข Strategic Assets' Liquidity;
โข Safety Module; and
โข Design for a TM toolingโฆ
During the last year, karpatkey has invested significant resources into developing the
@gnosischain
and
@GnosisDAO
's treasury, improving the long-term value of $GNO.
We've just published our 2022 Year in Review for Gnosis: ๐
Following the achievements outlined in SEP
#3
, karpatkey has proposed to become the treasury manager for
@safe
, leveraging its expertise in treasury & risk management, governance, and investment strategies to grow the SafeDAO ecosystem.
Alongside token transferability, this willโฆ
In collaboration with
@GnosisDAO
, we're launching a 6-month reward program with a budget of 180,000 xDAI, to be paid out weekly over 24 weeks. The goal is to incentivise deployment and active engagement from CoW Solvers on Gnosis Chain.
The start date will be Thursday, 18thโฆ
Was a long journey for the Aave community to get here and now finally after 6 months the overcollateralized GHO is now finally at peg. Congrats to the Aave community for enabling fundamental building blocks for DeFi and payments ๐
Using data from
@DeepDAO
, we analyzed the 65 largest DAO treasuries by USD value. We looked into the most popular assets, the diversity of DAO treasuries, and the yield that DAOs are earning. ๐๐งต
One of the key factors for managing DAO assets is having โAn infrastructureโ that is transparent, secure, efficient, and most importantly, non-custodial and trust-minimised.
Tools and modules in our core infrastructure include:
1๏ธโฃย Wallet (by
@safe
)
2๏ธโฃย Permissions Policyโฆ
1/ Under karpatkey's management, the
@GnosisDAO
treasury has a pivotal role in nurturing a robust DeFi ecosystem, integral to
@gnosischain
.
We're committed to aiding projects that drive growth and innovation in the sector. Hereโs a breakdown of our strategies and objectives: ๐๐ผ
1/ Hello
@AaveAave
Community! ๐ปย Weโre excited to announce the karpatkey Delegate Platform and begin supporting Aave at our fullest capacity. ๐งต๐๐ผ
1/11 We know: we were in desperate need of a visual update. ๐
It was not a lack of care but rather a relentless focus on execution at a time when weโre expanding our operations at a fast pace... ๐งต๐๐ผ
Weโve been working closely with
@BackedFi
to make
@GnosisChain
a first-choice for RWAs. The tokenisation of these assets opens up a myriad of new possibilities.
๐งต Tokenised RWAs have the potential to revolutionise the way in which assets are traded and invested, usingโฆ
1/ We've made an essential step towards improved financial reporting. ๐
Starting from July 2023, we're switching to monthly reporting for all DAOs we collaborate with. Our new reporting format introduces additional sections with further insights into the treasury's performance.
1/ Thrilled to see
@gnosisDAO
and
@karpatkey
participating in the
@sommfinance
initiative โTurbo divETHโ, which was recently approved by the Diva Staking DAO.
A clear testament to their support for decentralization and minority LSTs! ๐ค
Weโre happy to announce that our proposal to create a Core Treasury Team for
@CoWSwap
DAO has passed! ๐ฅณ
Here's what we're about to do. ๐งต๐๐ผ
Greetings
@token2049
! ๐ฆ๐ชย At 2pm Dubai time, our Institutional Lead
@rsousamarques
will present how karpatkey will leverage our unique reputation, influence and proven infrastructure to bridge TradFi into DeFi. Hereโs a sneak peak:
We've published a research report for
@arbtreasury
focused on three key areas:
โข Assessment of ARB Price Impact;
โข Sequencer Revenue Utilisation; and
โข Developing Guidelines for Effective Treasury Management
Read our full report on the
@arbitrum
forumโฆ
2023 in review - karpatkey ๐คENS
The
@ensdomains
Endowment was initiated on Mar/23 with the first tranche, and a lot has happened since then:
โข Accumulated revenue of $1.06 million USD;
โข An average Annual Percentage Yield (APY) of 3.28%;
โข Second tranche deployment, onโฆ
The
@arbitrum
DAO is leading the way in community-driven governance initiatives around innovative grant structures, governance frameworks and treasury management.
We are proud to take a more active role in the Arbitrum as a delegate! ๐ณ๏ธ
Delegate to us on Tally:โฆ
karpatkey is thrilled to sponsor
#DAS2024
!
The Digital Asset Summit by
@BlockworksDAS
is a renowned event, and we are happy to announce that our Head of Growth,
@rsousamarques
, will be talking in "The Future of Onchain Asset Management" panel.
More info soon!
The first functioning DeFi product developed by a SubDAO has gone multi-chain.
SparkLend has been successfully deployed and is now available to all users on
@gnosischain
.
โ
We are super excited to bring forward this proposal ๐ to continue growing the partnership between
@GnosisDAO
and
@MakerDAO
๐ซ
We think this is going to great for the crypto space and
@gnosischain
๐ฆ๐
Weโre glad to have contributed to the proposal to add $GNO as a new Vault Type in
@MakerDAO
, which has now been approved by the community! ๐ฅณ
The DAI generated by the vault will be used to foster the
@gnosischain
ecosystem.
1/ ๐ป
@GHOAave
pools are everywhere!
karpatkey is happy to report that the Aave Liquidity Committee used the assets under its mandate to give liquidity providers an enhanced return on
@Balancer
and
@CurveFinance
pools.
๐ค karpatkey is proud of working with
@Balancer
as their treasury manager and acting as a token holders' delegate, focused on enhancing the DAO's governance and supporting their growth!
With ~$1.6B in AUM,
@karpatkey
is at the forefront of decentralized asset management in DeFi.
From portfolio accounting, to reporting, audits, and more, Karpatkey follows a rigorous risk management approach centered on sustainable long-term strategies.
1/It's great to see
@tallyxyz
share this initiative during delegation week.
Supporting an inclusive, community-driven, and self-sustainable ecosystem. ๐ช๐ผ
โฝ๏ธ enjoy gasless delegation on tally during delegation week!
we've partnered with
@arbitrum
@gitcoin
@Uniswap
@PoolTogether_
@ensdomains
to give tokenholders of these DAOs one free delegation transaction on tally, starting today.
in which DAO will you gaslessly delegate?
There are two new liquidity pools in Balancer on
@gnosischain
you should know about.
โจ $BAL, $GNO, $WETH and $WXDAI
โจ $AGVE and $GNO
๐ for more info.
Update on Curve Vyper Reentrancy Vulnerability: We've meticulously assessed all our positions concerning this matter and are pleased to report that we have no exposure. We will post more information as the situation evolves.
Following
@Balancer
BIP-103, we've posted a proposal to deploy yield-generating strategies using the existing funds in the treasury in a risk-adjusted, trust-minimized, and non-custodial manner. ๐งต๐๐ผ
1/ Did you know that every time you make a transaction on Ethereum, you might be getting rekt because of MEV? MEV is a growing problem in Ethereum, so we're partnering with
@CoWSwap
,
@beaverbuild
and
@AgnositcRelayer
to launch a solution through . ๐งต๐๐ผ
1/We are pleased to see
@spark_protocol
putting forward a new proposal to onboard $GNO as an asset at
@MakerDAO
!
Spark is a growth-focused arm of the Maker Protocol with the goal of bringing the best lending market features to Maker.
TLDR ๐
Maker Governance votes on the onboarding of GNO as a collateral asset in Spark Protocol.
If approved, GNO will be added as a strategic collateral type, facilitating a credit line to
@GnosisDAO
.
๐ณ๏ธ
Dear
@ENS_DAO
,
Weโve noted some of you are pushing for the โNone of the aboveโ option.
Below are some arguments that explain why active treasury management conducted by a professional team with a proven track-record should be the preferred option. ๐งต๐๐ผ
๐ 2023 in review - karpatkey ๐คBalancer
karpatkey has been appointed as the
@Balancer
DAOโs treasury management partner, tasked with executing yield-generating strategies, managing risks, and providing comprehensive reports. In 2023, we had:
โข $7.13M of ncAUM (non-custodialโฆ
1/ We've just launched our Delegate platform on
@Balancer
! ๐ฃ
We believe we have much to add and are thrilled to contribute with our knowledge of professional DAO finance.
Currently live ๐ฌ๐ง
#DAS2024
@rsousamarques
, our Head of Growth, is at the
@blockworksDAS
conference discussing 'The Future of Onchain Asset Management': โWe actively execute transactions on behalf of the DAOs in a trust-minimised non-custodial way instead of going through a longโฆ
We're humbled to have been chosen as finalists to manage the ENS Endowment Fund! ๐๐ป
We've put together a short video for the ENS Community explaining our proposal:
Make sure you vote on Snapshot!โก๏ธThe poll will open from Nov 18 to Nov 23 (00:00:00 UTC)
Our
@ENS_DAO
proposal to approve further actions and strategies for the ENS Endowment will enable us to more effectively respond to evolving market conditions and capitalize on emerging opportunities.
Read about the proposed actions here ๐
This is an impressive milestone for the
@gnosischain
and
@monerium
teams. ๐๐ผ
Weโre honoured to have contributed to the design and liquidity provision of the EURe/3CRV pool on
@CurveFinance
:
Oh, staked deposits are now yielding 20.41% in GNO. ๐คซ
๐ข๐ข๐ข๐ข
Today, we are extremely excited to announce the arrival of EURe, an authorized and regulated euro token, on the
@gnosischain
issued by
@monerium
!
Let's have a look at the details. ๐๐๐
@dappcon_berlin
will happen next week and weโre thrilled to be one of the main sponsors. ๐ซก
Our founder
@claberus
will join
@lemiscate
and
@Mona_El_Isa
in a panel to talk about the evolution of DAO Treasury Governanceโweโll later share the live stream link!
๐ฆ ๐ณ
@gnosispay
marks a milestone in the industry, removing the barriers between traditional and decentralized finance! Congratulations
@gnosisdao
Payments are dฬถuฬถeฬถ ฬถ ฬถฬถฬถfฬถฬถฬถoฬถฬถฬถrฬถฬถฬถ ฬถฬถฬถaฬถฬถฬถ ฬถฬถฬถcฬถฬถฬถhฬถฬถฬถaฬถฬถฬถnฬถฬถฬถgฬถฬถฬถeฬถฬถฬถ here for web3! ๐ฆ ๐ณ
We are extremely excited to announce Gnosis Pay and Gnosis Card, the Worldโs First Decentralized Payment Network and Self-Custodial Debit Card!
๐งต โฌ๏ธ
As karpatkey enters a new chapter, we deeply reflected on the traits that brought us here.
We shared our values in our latest blog post, as they're meant to become our guiding principles moving forward. ๐งญ
1/ Weยดre proud to support SafeDAO by selecting three nominees in the first
@safe
Grants Council Elections!
-
@sohkai
- Technical Reviewer Seat
-
@adamshurwitz
- Business/Product Reviewer Seat
-
@marcusdotam
- Wildcard Reviewer Seat
Weโre thrilled to share a recap of our collaborative journey with
@ENS_DAO
:
karpatkey is committed to managing the endowment fund responsibly, ensuring the long-term growth and development of ENS. Hereโs an illustration of the milestones.๐
Attention EURe holders! New rewards are kicking in in
@AuraFinance
on
@gnosischain
and APYs are at record highsโฆ You can mint EURe with euros in a few minutes
@monerium
GIP-58: Karpatkey DAO Service Extension is ready for voting on GnosisDAO Forum! This proposal focuses on the Gnosis Chain and treasury development so as to better assist Gnosis Chain in its current phase of growth. See thread below (1/10)
๐ We are always looking for aggregate data to make the best decisions on treasury management.
Now we are happy to share two new
@aave
dashboards:
GHO metrics and token dynamics:
AaveDAO Liabilities, to understand planned DAO expenses:โฆ
Weโre thrilled to announce that [BIP-103] has passed with near unanimity (~100%)!
@Balancer
is about to increase its treasuryโs capital efficiency by providing limited delegation to Karpatkey.
Here's what we're about to do.๐งต๐๐ผ
Thrilled to be sponsoring this yearโs
@dappcon_berlin
! Looking forward to connecting with the brightest minds in the crypto spaceโletโs shape the future of DeFi together. See you there! ๐ซก
๐ DappCon Fernsehturm Sponsors ๐
Delighted to announce
@karpatkey
as a sponsor for
@dappcon_berlin
this year!
@karpatkey
helps DAOs preserve capital with state-of-the-art risk management and trust-minimised DeFi treasury execution.
Set your reminders! Tomorrow at 3:00 PM UTC, our own
@davekpk
will discuss the
@0xPolygon
Community Treasury Board, crypto fundraising, grants, and more, hosted by
@QuickswapDEX
.
karpatkey leverages
@GnosisGuild
's Zodiac Roles Modifier to provide asset management in a trustless, non-custodial manner.
We are thrilled to put these new features to use!
๐ธ Evolving Smart Accounts with Onchain Permissions
1/ today marks the launch of the newly revamped Zodiac Roles Modifier, a powerful onchain permissions module for smart accounts
Roles allows *any account* to act on behalf of a smart account ๐
karpatkey is now a Uniswap delegate! We aim to contribute with our experience to push for a more robust and progressive governance system moving forward.
Check out our delegate statement and consider putting your $UNI to work with us: ๐ซก
The second phase of the Delegate Race has begun!
Until Friday, May 26th, we ask UNI token holders to do their diligence and delegate to some of the new delegates which have made platforms on Uniswap Agora!
We executed our first Safe tx using a custom module developed by Zodiac to reduce the treasury team's scope to a set of whitelisted smart contracts. ๐
.
@karpatkey
has put forth a proposal to launch Spark Protocol on
@gnosischain
!
The formidable Maker-Gnosis strategic partnership could reach new milestones, with
@GnosisDAO
embracing Endgame and the launch of the first DAI-centric lending protocol on Gnosis Chain.
โ
Gnosis Chain just hit the 200,000 validators milestone!
โ Geographic Diversity
โ Client Diversity
โ Credibly Neutral
Let's have a look at the details togetherโญฃ
E-CLPs for
@GHOAave
are now live with BAL rewards:
- GHO/USDC (two complementary liquidity profiles)
- GHO/GYD
These pools leverage the E-CLP's asymmetric concentrated liquidity to increase liquidity efficiency for GHO by over 150% vs. StableSwap pools.
1/ Thereโs an arbitrage opportunity with stables using
@CurveFinance
in
@gnosischain
๐ฆ
Earn a premium on EUR/USD swaps. Find out more below ๐๐ผ๐งต
We're honoured to have been considered for the initial composition of
@LidoFinance
's Treasury Management Committee. ๐
โฆ
We've replied on the thread using our official Lido forum account:
๐ 2023 in review - karpatkey ๐คCowswap
karpatkey was entrusted with creating, training, supporting, and auditing a Core Treasury Team within
@CoWSwap
DAO. Here are the 2023 highlights:
โข Financial results: Earned $128K in DeFi results with an average APY of 5.1% and anโฆ
1/ Our proposal for the
@AaveAave
DAO community [ARFC] Enhancing Liquidity Incentive Strategy on Balancer is now up for voting.
Dive into the details below. ๐งต
1/ In one of the most recent topics in the
@AaveAave
Governance Forum, we proposed an alternative to optimise its underlying objectiveโto increase Aave DAOโs emission power on
@balancer
โwhile guaranteeing a positive outcome for every stakeholder. ๐งต๐
Banking the Unbanked โถ Banking DeFi Protocols
During the discussion with
@StableLab
team, our co-founder
@claberus
provided in-depth insights into karpatkey's background, the current landscape, and roadmap.
Its the return of StablePod!
In our first episode back, we're thrilled to have
@claberus
, co-founder of
@karpatkey
, the premier asset management team for DAOs, join us.
We discuss:
๐ DAO Financial Services
๐
@GnosisDAO
GIP-92
๐ The Past and Future of Karpatkey
Links below
Safe{Con} 2023 from
@safe
is part of
@BerBlockWeek
and will happen on September 10th!
We are happy to be one of the partners supporting the event and, if you are around, come to meet us there!
More details here:
Karpatkey together with
@SteakFi
put forward the ENS enDAOment Proposal following [EP2.2.4] [Social] RFP: ENS Endowment. This Executive Summary provides an overview of the key takeaways of our proposal.