karpatkey

We’re excited to share that karpatkey has successfully closed a $7M seed round with the backing of over 40 investors, including industry leaders like Joseph Lubin (ConsenSys) and Stani Kulechov (Aave), alongside institutional supporters such as AppWorks and Wintermute Ventures. Founded in 2020 to manage the Gnosis treasury, karpatkey now delivers a range of complex financial solutions to many of the most successful organisations in crypto, including Aave, Balancer, CoW, ENS, Lido, and Safe. As an active manager of treasury assets, karpatkey is heavily involved in protocol governance, working on various strategic initiatives with partners. The karpatkey treasury network has grown to over 1.8 billion USD in assets and its risk management infrastructure has been used to execute over 10,000 onchain transactions for partners without incident. Marcelo Ruiz de Olano, co-founder of karpatkey, noted, “We are thrilled to see such overwhelming support from our investors, including many of our existing partners. Their trust in karpatkey’s vision reflects the quality of our solutions and our focus on building long-term relationships with the DAOs we serve.” karpatkey will also expand its solutions beyond DAOs, targeting traditional financial institutions. Beginning with actively managed open-ended funds, karpatkey will offer institutional investors exposure to blue chip DeFi tokens and yield by leveraging its existing infrastructure at extremely competitive prices. Read more about our plans in the full blog post: https://bit.ly/3C4V88n

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 USDC annually, we aim to diversify and solidify dYdX's treasury, setting a strong foundation for long-term sustainability and ecosystem expansion. Thank you to everyone in the dYdX community that supported our proposal—stay tuned for our next steps!

Crypto can at times feel like a dark forest -- you never know what predators are watching your onchain activity from the shadows. When you manage $2.6 billion in treasury assets for leading DAOs including Gnosis, Aave, Balancer, and ENS, the stakes are high. That's why karpatkey is one of the most sophisticated users of the Hypernative Platform. Here is Petros G. Sideris, engineering manager at Karpatkey, on how they use Hypernative to protect their clients' funds. Learn how to bulletproof your Web3 defenses with custom agents, watchlists, and automated actions: https://buff.ly/3MPgCbx

We’ll be attending ##Mainnet2024 in NYC from Sept 30 - Oct 2! This year, our Head of Institutional, Ruca Sousa Marques, will be sharing how karpatkey is leveraging its on-chain asset management expertise to build an actively managed, open-end investment fund for institutional investors. Mark your calendar: 🗓️ October 1st, 11:00 AM (GMT-4) 📍Pier 36, NY We’re bridging the gap between TradFi and DeFi. Interested in connecting? Drop us a DM!

Last week, at karpatkey, we submitted a proposal to create a dYdX Treasury SubDAO, with validator staking at its core. A well-designed staking program can not only diversify the treasury but also enhance the security of the dYdX Chain. What are the key principles of our staking program? 1️⃣ Leverage existing validators 2️⃣ Incentivize good validator behavior through larger allocations 3️⃣ Gradually diversify the treasury through USDC-denominated yield The proposal includes delegating DYDX from the Community Treasury to existing dYdX Chain validators, incentivizing positive contributions to the ecosystem with transparent selection criteria and clear metrics. This program will ensure the sustainability of the treasury while promoting healthy ecosystem growth. With an expected net contribution of 4.8M USDC per year, based on an average validator fee of 10%, the potential is significant! For more details on the proposal and its potential impact on the dYdX ecosystem, we invite you to read the full proposal: https://lnkd.in/dimzdAGw

The Nexus Mutual DAO has approved our proposal to manage their $6.5M treasury! As highlighted in our proposal, we will work closely with the team and community to gradually diversify the treasury into ETH, ETH derivatives, and stablecoins, while enhancing yield through established and reputable DeFi protocols. We will also prepare detailed monthly reports for greater transparency, ensuring the DAO can track progress and performance. Thank you, Nexus Mutual DAO, for this vote of confidence! Review the details of our plan here: https://lnkd.in/eif3RUxk

Exciting news! Marina Solanas, our Risk Management Engineer, will be speaking tomorrow at "Crecimiento Femenino en Web3," organized by MUJERES EN CRYPTO as part of Crecimiento Argentina in Buenos Aires, Argentina. Join us for an insightful session on “Risk Management applied to DAO Asset Management.” Please note the discussion will be in Spanish! 🗓 August 28th, 6:45 PM (GMT-3) 🔗 Register here: https://lu.ma/jm3a44ku

A few days ago, Martin Galoppo, one of our Strategy and Operations Engineers, was present at Ethereum Argentina, participating in a discussion on 'Real World Assets: Unlocking the Potential of Physical Assets.' The conversation explored how physical assets can be integrated into the DeFi ecosystem, examining the opportunities and challenges involved. Martin was joined by Matías Caricato from Mountain Protocol and Agustin Liserra from Num Finance, with Alfredo B. Roisenzvit moderating the session. We encourage you to watch the full video to gain valuable insights into the ideas and perspectives shared: https://lnkd.in/dEmiDvVF

We are glad to share an in-depth interview with our co-founder, Marcelo Ruiz de Olano, conducted by Camila Russo from The Defiant! In this conversation, Marcelo explains how we at karpatkey are building the financial services layer of DeFi, focusing on professional treasury and risk management for leading DAOs. We currently manage over $2.5 billion in DAO treasury, and Marcelo shares how we approach capital preservation, asset management, and the strategies we use for protocol-owned tokens. He also discusses our challenges in DeFi fund management and offers valuable advice for founders in this rapidly evolving sector. If you're curious about the future of DeFi and how we are shaping it, don’t miss this insightful interview: https://lnkd.in/dstKnpVH