In Q3 2024, we worked closely with @Balancer, focusing on strategic cost management and optimizing their treasury to adapt to evolving market conditions. Key results include:
☑️ Treasury assets under karpatkey’s management increased by $2,100,353, driven largely by the addition…
1/ 📣 In this 🧵, we’ll summarize our recent activity at @dYdX: 🔘 The Treasury SubDAO has been established as a Cayman Islands Foundation Company, named the “dYdX Treasury SubDAO Foundation”. 🔘 The Treasury SubDAO has been onboarded with @FordefiHQ’s self-custody solution.
2/ We are proposing the transfer of 45,000,000 DYDX tokens (50% of the vested treasury) from the Community Treasury to the dYdX Treasury SubDAO to implement the staking program. ☑️ Increase treasury resilience by staking DYDX to earn USDC, expecting 4.95M USDC annually. ☑️…
3/ If the proposal to transfer the funds is successful, the Treasury SubDAO will: ☑️ Share the list of validators that have or soon will receive delegations under the staking program; ☑️ Periodically review and rebalance its delegations when appropriate. The review of the…
4/ We considered the following metrics when selecting validators to receive Treasury SubDAO delegations. ✳️ Uptime: high uptime required. ✳️ Commission: competitive commission rates. ✳️ Governance Participation: consistent participation in governance proposals. ✳️ Orderbook…
5/ Check out the full details in the forums and join the discussion to help shape the future of dYdX: 🔗 Staking Program Proposal dydx.forum/t/dydx-treasur… 🔗 Community Spend Proposal dydx.forum/t/dydx-treasur…
Safe{Boost} on Gnosis Chain
We’ve submitted proposals to launch Safe{Boost}, a 6-month rewards program to increase @safe activity and users on @gnosischain.
Here’s what Safe{Boost} could bring 👇🧵
2/ Current Safe stats on Gnosis chain:
◼ More than 280,000 Safes were created in 2024 ◼ Around 18,000 Safes have made at least one transaction ◼ About 6,000 Safes have transferred at least 1 USD in value
3/ Program specifications:
◼ The program will last for six months, beginning in January 2025 ◼ Participants earn points from Safe activity on Gnosis Chain ◼ A total of 250k SAFE tokens will be awarded at the completion of the program, based on points earned
4/ Points are awarded based on:
◼ Number of transactions using Safe 📈 ◼ Transaction volume 💰 ◼ Assets stored in Safe accounts 💼 ◼ Making regular (weekly) transactions through Safe ⏱️
5/ Check out the full details in the forums and join the discussion to help shape the future of Safe on Gnosis Chain:
🔗 Gnosis Chain Forum Proposal forum.gnosis.io/t/gip-115-safe…
🔗 Safe Community Forum Proposal forum.safe.global/t/draft-sep-45…
Last week, karpatkey was a Platinum Sponsor at the IEEE hackathon organized by @ITBA, one of Latin America’s leading tech universities. We connected with young, talented developers, shared career opportunities, and encouraged them to stay tuned for future editions of…
Our recent $7M funding round is driving new initiatives to help DAOs succeed and build a stronger DeFi ecosystem. We’re focusing on three main areas: Liquidity, Growth, and Security. Backed by top investors and our network of DAO partners, we’re committed to making DeFi more…
1/ We’re building better liquidity options for our partners. This includes creating a private liquidity marketplace where DAOs can share liquidity, allowing them to reduce costs and increase capital efficiency. Token swaps between DAOs are another way we’re giving our partners…
2/ This funding helps us support income growth for our partners in the DeFi Treasury Network. We’re setting up co-investment opportunities and helping DAOs build custom infrastructure that fits their needs. For example, we worked with @GnosisDAO and @LidoFinance to create a joint…
3/ Risk management is key to everything we do. Over the past four years, we’ve executed 10,000 DeFi transactions with zero losses. We’re using this funding to strengthen our security practices, helping DAOs manage risk across the ecosystem.
4/ In DeFi, DAOs are stronger when they work together. Our DeFi Treasury Network creates strategic opportunities where the whole is greater than the sum of its parts. A great example is the Incentives for CoW Solvers on Gnosis Chain program, which aligns incentives to bring…
With Liquidity, Growth, and Security as our main focus, we’re ready to support the next phase of DeFi, working with our investors and partners. Together, we’re building a stronger DeFi ecosystem that benefits everyone involved: @ethereumJoseph @Lomashuk @StaniKulechov @hexonaut…
The Investment Policy Statement (IPS) for the ENS Endowment has been approved on Snapshot!
Thank you to the @ENS_DAO community for supporting a strategic, sustainable approach to managing the Endowment, aligned with our shared values of decentralisation and security.
Review the…
1/ We partnered with the ENS community to design a tailored Investment Policy Statement (IPS) for the @ENS_DAO. This IPS isn’t just a document—it’s a strategic blueprint for how the ENS Endowment will be managed to ensure sustainability and long-term growth. 🧵 Here’s why it…
2/ DAOs are often dynamic, fast-evolving ecosystems. Multiple stakeholders, new service providers, and changing priorities can create confusion. The IPS serves as a north star, providing clear guidelines and stability in a constantly shifting environment. For @ENS_DAO, this means…
3/ Why does ENS need an IPS? Just as corporations assume their own indefinite operation as a “going concern”, DAOs are meant to be forever. The ENS DAO needs to achieve self-sufficiency, ensuring the Endowment can fully fund the protocol’s future without depleting resources.
4/ The goal is ambitious: ENS aspires to achieve self-sufficiency, with the Endowment eventually funding the DAO’s entire operations, including Labs, Working Groups, and Streams. It's a bold vision, but one that’s achievable with the right strategy.
To achieve this, the IPS…
5/ But it’s not just about returns. We’re executing DeFi strategies based on rigorous risk management. The ENS community’s values are front and center: no speculative trading, prioritising blue-chip protocols, and ensuring that investments reflect the decentralised ethos of ENS.…
6/ Risk management is key to this plan. We monitor a range of risks—market, liquidity, smart contract, and operational risks—ensuring that the Endowment is deployed in safe, reliable venues. ETH itself is considered a low-risk asset, reflecting ENS DAO’s commitment to its…
7/ Liquidity is critical. The IPS ensures that ENS has at least three years of runway in stablecoins, providing stability even in challenging markets. This approach allows ENS to continue operating smoothly without the need to sell core assets like ETH.
8/ At karpatkey, we don’t just create the strategy—we help ENS execute it. We provide real-time risk monitoring and present weekly updates during ENS’ MetaGov meetings. In addition, monthly reports track performance, and annual reviews ensure the strategy stays aligned with…
9/ In summary, the ENS IPS is a vision for self-sustainability, a structured approach to growth, and a commitment to decentralisation. This is how DAOs evolve, ensuring long-term success while staying true to their ethos.
Committed to a sustainable future for ENS? Help shape it…
We’re excited to announce karpatkey has successfully closed a $7M funding round to scale onchain treasury management for DAOs and institutions!
We’re honoured to be supported by so many industry leaders and pioneers.
1/ From asset management to security, business development and financial services, we help crypto organisations unlock value & stimulate growth. karpatkey is building a DeFi Treasury Network of leading DAOs, managed for the benefit of all. But what does that mean? 🧵 👇
2/ karpatkey began operations in 2020, managing the treasury of @GnosisDAO. Our partners now include @Uniswap, @balancer, @ENS_DAO, @CoWSwap, @LidoFinance, @Safe, @aave and more. The size of our DeFi Treasury Network has grown to over 1.8 billion USD.
3/ As a small & nascent industry, most DAOs rely on others to succeed…
For DeFi to reach the mainstream, the whole must become greater than the sum of its parts.
Some of the best value that we've helped to unlock comes from bringing DAOs together to meet shared aims.
4/ Among such a broad network, the benefits of interconnectivity start to crop up everywhere. From specialist M&A and expert research, to extensive incentives and deep integrations; we locate common opportunities for growth in every corner of ours DAOs.
Here’s a few examples 👇
5/ To ensure proper management of DAO treasuries and focus on long-term sustainability, we recognized the need to embed the Network more deeply into our strategy and expand our solutions offering. We've restructured karpatkey in line with this vision.
6/ For now, we’re only just scratching the surface. There’s a lot more value to unearth in the DeFi Treasury Network.
here:
karpatkey.com/contents/karpa…
Tomorrow, October 18th, at 4:00 PM CET, @TheTakenUser will join a panel on “The Future of Asset Management On-Chain” alongside @DimitarDinev7 from @ipor_io, @pscltllrd from @Jarvis_Network, and @fungibletaco from @Consensys and @VillageDAO_.
If you’re attending @EthSofiaBG, we…
We worked with @CoWSwap and @gnosischain to design and implement an incentive program for external solvers. After 24 weeks, what are the results?
🐮 The program has distributed 130k xDAI, 72% of the total budget 🐮 The total swap aggregation market on Gnosis Chain is above 65%,…
1/ 📣 @dYdX Community updates
➖ With the approval of proposal #157, karpatkey has been tasked to set up a Cayman Foundation to manage ~40M DYDX tokens from the Community Treasury. ➖ karpatkey is undertaking a rigorous process to identify and appoint a qualified custodian. ➖…
2/ ⏳ We have started setting up the legal and on-chain infrastructure for the subDAO. An approximate timeline for the next steps is as follows: ➖ The legal setup should be ready by the end of October ➖ The infrastructure setup is also expected to be ready by the end of October…
3/ 🔐 Our custodian selection is guided by three core principles: 1️⃣ Due diligence: Thorough evaluations of security protocols and operational efficiency. 2️⃣ DAO alignment: Custodians must understand and support decentralized governance. 3️⃣ Tech compatibility: Prioritising robust…
4/ 🚨 Calling for 3 Community Signers on Treasury SubDAO Multi-sig Wallet 🚨
The Treasury SubDAO will use a 3-of-6 multi-signature wallet with two groups: three signers from karpatkey and three Community Signers. To validate a transaction, 3 signatures are required, including at…
We will be participating in @ETHSofiaBG from October 17th to 19th, and our very own @TheTakenUser will be one of the featured speakers! If you're attending, feel free to send him a DM—he’d love to connect!
karpatkey’s @mrvega0x highlighted the state of stkGHO-GHO liquidity in his 🧵 below, including:
➡️ The total stkGHO in the @aave Safety Module has reached 114M, 70% monthly growth! ➡️ Two main stkGHO-GHO pools: @mavprotocol and @CoWSwap ➡️ Limit orders on Cow have seen 2.4X more…
Great insights from last week’s discussion between the team at @LlamaRisk and our very own @sisyphos7919!
1️⃣ karpatkey, working closely with our partners, has been instrumental in driving GHO’s liquidity to $150M, not only by maintaining peg stability but also by incentivizing…
We're about to go live! ⏰
Join karpatkey's @sisyphos7919 and the team at @LlamaRisk on @leviathan_news for an in-depth discussion on how GHO reached $150M and what's next for @Aave DAO.
Tune in now: youtube.com/live/l-l8SjjE-…
We’re honored to be ranked #41 on the Top 100 Web3 Companies to Work For in 2024, as recognized by @calyptus_web3!
We are also hiring! Our team works with many of the largest DAOs in crypto, providing asset management, financial services, and more. If you are passionate about…
🇺🇸 We’re live from @MessariCrypto in NYC! #Mainnet2024
Our Head of Institutional, @RSousaMarques, is explaining how karpatkey is enabling financial institutions to access DeFi through secure, on-chain asset management: “Every financial institution should be able to custody and…
In Q3 2024, we worked closely with @Balancer, focusing on strategic cost management and optimizing their treasury to adapt to evolving market conditions. Key results include:
☑️ Treasury assets under karpatkey’s management increased by $2,100,353, driven largely by the addition…
1/ 📣 In this 🧵, we’ll summarize our recent activity at @dYdX: 🔘 The Treasury SubDAO has been established as a Cayman Islands Foundation Company, named the “dYdX Treasury SubDAO Foundation”. 🔘 The Treasury SubDAO has been onboarded with @FordefiHQ’s self-custody solution.
2/ We are proposing the transfer of 45,000,000 DYDX tokens (50% of the vested treasury) from the Community Treasury to the dYdX Treasury SubDAO to implement the staking program. ☑️ Increase treasury resilience by staking DYDX to earn USDC, expecting 4.95M USDC annually. ☑️…
3/ If the proposal to transfer the funds is successful, the Treasury SubDAO will: ☑️ Share the list of validators that have or soon will receive delegations under the staking program; ☑️ Periodically review and rebalance its delegations when appropriate. The review of the…
4/ We considered the following metrics when selecting validators to receive Treasury SubDAO delegations. ✳️ Uptime: high uptime required. ✳️ Commission: competitive commission rates. ✳️ Governance Participation: consistent participation in governance proposals. ✳️ Orderbook…
5/ Check out the full details in the forums and join the discussion to help shape the future of dYdX: 🔗 Staking Program Proposal dydx.forum/t/dydx-treasur… 🔗 Community Spend Proposal dydx.forum/t/dydx-treasur…
Safe{Boost} on Gnosis Chain
We’ve submitted proposals to launch Safe{Boost}, a 6-month rewards program to increase @safe activity and users on @gnosischain.
Here’s what Safe{Boost} could bring 👇🧵
2/ Current Safe stats on Gnosis chain:
◼ More than 280,000 Safes were created in 2024 ◼ Around 18,000 Safes have made at least one transaction ◼ About 6,000 Safes have transferred at least 1 USD in value
3/ Program specifications:
◼ The program will last for six months, beginning in January 2025 ◼ Participants earn points from Safe activity on Gnosis Chain ◼ A total of 250k SAFE tokens will be awarded at the completion of the program, based on points earned
4/ Points are awarded based on:
◼ Number of transactions using Safe 📈 ◼ Transaction volume 💰 ◼ Assets stored in Safe accounts 💼 ◼ Making regular (weekly) transactions through Safe ⏱️
5/ Check out the full details in the forums and join the discussion to help shape the future of Safe on Gnosis Chain:
🔗 Gnosis Chain Forum Proposal forum.gnosis.io/t/gip-115-safe…
🔗 Safe Community Forum Proposal forum.safe.global/t/draft-sep-45…
Last week, karpatkey was a Platinum Sponsor at the IEEE hackathon organized by @ITBA, one of Latin America’s leading tech universities. We connected with young, talented developers, shared career opportunities, and encouraged them to stay tuned for future editions of…
Our recent $7M funding round is driving new initiatives to help DAOs succeed and build a stronger DeFi ecosystem. We’re focusing on three main areas: Liquidity, Growth, and Security. Backed by top investors and our network of DAO partners, we’re committed to making DeFi more…
1/ We’re building better liquidity options for our partners. This includes creating a private liquidity marketplace where DAOs can share liquidity, allowing them to reduce costs and increase capital efficiency. Token swaps between DAOs are another way we’re giving our partners…
2/ This funding helps us support income growth for our partners in the DeFi Treasury Network. We’re setting up co-investment opportunities and helping DAOs build custom infrastructure that fits their needs. For example, we worked with @GnosisDAO and @LidoFinance to create a joint…
3/ Risk management is key to everything we do. Over the past four years, we’ve executed 10,000 DeFi transactions with zero losses. We’re using this funding to strengthen our security practices, helping DAOs manage risk across the ecosystem.
4/ In DeFi, DAOs are stronger when they work together. Our DeFi Treasury Network creates strategic opportunities where the whole is greater than the sum of its parts. A great example is the Incentives for CoW Solvers on Gnosis Chain program, which aligns incentives to bring…
With Liquidity, Growth, and Security as our main focus, we’re ready to support the next phase of DeFi, working with our investors and partners. Together, we’re building a stronger DeFi ecosystem that benefits everyone involved: @ethereumJoseph @Lomashuk @StaniKulechov @hexonaut…
The Investment Policy Statement (IPS) for the ENS Endowment has been approved on Snapshot!
Thank you to the @ENS_DAO community for supporting a strategic, sustainable approach to managing the Endowment, aligned with our shared values of decentralisation and security.
Review the…
1/ We partnered with the ENS community to design a tailored Investment Policy Statement (IPS) for the @ENS_DAO. This IPS isn’t just a document—it’s a strategic blueprint for how the ENS Endowment will be managed to ensure sustainability and long-term growth. 🧵 Here’s why it…
2/ DAOs are often dynamic, fast-evolving ecosystems. Multiple stakeholders, new service providers, and changing priorities can create confusion. The IPS serves as a north star, providing clear guidelines and stability in a constantly shifting environment. For @ENS_DAO, this means…
3/ Why does ENS need an IPS? Just as corporations assume their own indefinite operation as a “going concern”, DAOs are meant to be forever. The ENS DAO needs to achieve self-sufficiency, ensuring the Endowment can fully fund the protocol’s future without depleting resources.
4/ The goal is ambitious: ENS aspires to achieve self-sufficiency, with the Endowment eventually funding the DAO’s entire operations, including Labs, Working Groups, and Streams. It's a bold vision, but one that’s achievable with the right strategy.
To achieve this, the IPS…
5/ But it’s not just about returns. We’re executing DeFi strategies based on rigorous risk management. The ENS community’s values are front and center: no speculative trading, prioritising blue-chip protocols, and ensuring that investments reflect the decentralised ethos of ENS.…
6/ Risk management is key to this plan. We monitor a range of risks—market, liquidity, smart contract, and operational risks—ensuring that the Endowment is deployed in safe, reliable venues. ETH itself is considered a low-risk asset, reflecting ENS DAO’s commitment to its…
7/ Liquidity is critical. The IPS ensures that ENS has at least three years of runway in stablecoins, providing stability even in challenging markets. This approach allows ENS to continue operating smoothly without the need to sell core assets like ETH.
8/ At karpatkey, we don’t just create the strategy—we help ENS execute it. We provide real-time risk monitoring and present weekly updates during ENS’ MetaGov meetings. In addition, monthly reports track performance, and annual reviews ensure the strategy stays aligned with…
9/ In summary, the ENS IPS is a vision for self-sustainability, a structured approach to growth, and a commitment to decentralisation. This is how DAOs evolve, ensuring long-term success while staying true to their ethos.
Committed to a sustainable future for ENS? Help shape it…
We’re excited to announce karpatkey has successfully closed a $7M funding round to scale onchain treasury management for DAOs and institutions!
We’re honoured to be supported by so many industry leaders and pioneers.
1/ From asset management to security, business development and financial services, we help crypto organisations unlock value & stimulate growth. karpatkey is building a DeFi Treasury Network of leading DAOs, managed for the benefit of all. But what does that mean? 🧵 👇
2/ karpatkey began operations in 2020, managing the treasury of @GnosisDAO. Our partners now include @Uniswap, @balancer, @ENS_DAO, @CoWSwap, @LidoFinance, @Safe, @aave and more. The size of our DeFi Treasury Network has grown to over 1.8 billion USD.
3/ As a small & nascent industry, most DAOs rely on others to succeed…
For DeFi to reach the mainstream, the whole must become greater than the sum of its parts.
Some of the best value that we've helped to unlock comes from bringing DAOs together to meet shared aims.
4/ Among such a broad network, the benefits of interconnectivity start to crop up everywhere. From specialist M&A and expert research, to extensive incentives and deep integrations; we locate common opportunities for growth in every corner of ours DAOs.
Here’s a few examples 👇
5/ To ensure proper management of DAO treasuries and focus on long-term sustainability, we recognized the need to embed the Network more deeply into our strategy and expand our solutions offering. We've restructured karpatkey in line with this vision.
6/ For now, we’re only just scratching the surface. There’s a lot more value to unearth in the DeFi Treasury Network.
here:
karpatkey.com/contents/karpa…
Tomorrow, October 18th, at 4:00 PM CET, @TheTakenUser will join a panel on “The Future of Asset Management On-Chain” alongside @DimitarDinev7 from @ipor_io, @pscltllrd from @Jarvis_Network, and @fungibletaco from @Consensys and @VillageDAO_.
If you’re attending @EthSofiaBG, we…
We worked with @CoWSwap and @gnosischain to design and implement an incentive program for external solvers. After 24 weeks, what are the results?
🐮 The program has distributed 130k xDAI, 72% of the total budget 🐮 The total swap aggregation market on Gnosis Chain is above 65%,…
1/ 📣 @dYdX Community updates
➖ With the approval of proposal #157, karpatkey has been tasked to set up a Cayman Foundation to manage ~40M DYDX tokens from the Community Treasury. ➖ karpatkey is undertaking a rigorous process to identify and appoint a qualified custodian. ➖…
2/ ⏳ We have started setting up the legal and on-chain infrastructure for the subDAO. An approximate timeline for the next steps is as follows: ➖ The legal setup should be ready by the end of October ➖ The infrastructure setup is also expected to be ready by the end of October…
3/ 🔐 Our custodian selection is guided by three core principles: 1️⃣ Due diligence: Thorough evaluations of security protocols and operational efficiency. 2️⃣ DAO alignment: Custodians must understand and support decentralized governance. 3️⃣ Tech compatibility: Prioritising robust…
4/ 🚨 Calling for 3 Community Signers on Treasury SubDAO Multi-sig Wallet 🚨
The Treasury SubDAO will use a 3-of-6 multi-signature wallet with two groups: three signers from karpatkey and three Community Signers. To validate a transaction, 3 signatures are required, including at…
We will be participating in @ETHSofiaBG from October 17th to 19th, and our very own @TheTakenUser will be one of the featured speakers! If you're attending, feel free to send him a DM—he’d love to connect!
karpatkey’s @mrvega0x highlighted the state of stkGHO-GHO liquidity in his 🧵 below, including:
➡️ The total stkGHO in the @aave Safety Module has reached 114M, 70% monthly growth! ➡️ Two main stkGHO-GHO pools: @mavprotocol and @CoWSwap ➡️ Limit orders on Cow have seen 2.4X more…
Great insights from last week’s discussion between the team at @LlamaRisk and our very own @sisyphos7919!
1️⃣ karpatkey, working closely with our partners, has been instrumental in driving GHO’s liquidity to $150M, not only by maintaining peg stability but also by incentivizing…
We're about to go live! ⏰
Join karpatkey's @sisyphos7919 and the team at @LlamaRisk on @leviathan_news for an in-depth discussion on how GHO reached $150M and what's next for @Aave DAO.
Tune in now: youtube.com/live/l-l8SjjE-…
We’re honored to be ranked #41 on the Top 100 Web3 Companies to Work For in 2024, as recognized by @calyptus_web3!
We are also hiring! Our team works with many of the largest DAOs in crypto, providing asset management, financial services, and more. If you are passionate about…
🇺🇸 We’re live from @MessariCrypto in NYC! #Mainnet2024
Our Head of Institutional, @RSousaMarques, is explaining how karpatkey is enabling financial institutions to access DeFi through secure, on-chain asset management: “Every financial institution should be able to custody and…
Join us today at @MessariCrypto! Our Head of Institutional, @RSousaMarques, will be presenting how we’re providing institutional access to DeFi yields through secure, regulated funds and a range of strategies.
📅 October 1st, 11:00 AM (GMT-4) 📍 Pier 36, NY
See you there!
We’re excited to announce that our proposal to establish a new @dYdX Treasury subDAO has passed on Mintscan!
By aligning fees with growth, managing over $1B in non-custodial AUM and the total value of our partner treasuries exceeding $2.1B, and staking 40M DYDX to generate 4.8M…