.ensdomains community members selected DeFi fund manager Karpatkey DAO to take charge of its treasury in the wake of crypto winter. By
in all its Ethereum contracts, is one of the most popular ways to custody digital assets in a decentralized manner.
$52 million is the initial size of Karpatkey’s proposal for the ENS Endaoment and $69 million with a projected return of 5.83% is the final stage of Karpatkey’s proposal. “The strategy would use low-risk, medium complexity DeFi strategies such as providing liquidity to automated market makers.” In an interview with CoinDesk, Facundo Peláez, Karpatkey’s business development manager, said, “It’s been a great exchange that has been in the forum, on the diversity of voices, how everybody could just give their opinion openly. And that’s been really healthy for ENS DAO because people can just speak their minds and have civil exchanges. When the forum asks questions [and] challenge[s] points, I think that’s something that is rich for the community and favorable.
Mona El Isa, CEO and founder of Avantgarde, one of the potential fund managers up for consideration told CoinDesk a fund manager that endorses a non-custodial, completely transparent solution for the ENS’ endaoment “would be the first example of something being run completely on-chain”, where a FTX or Madoff situation “wouldn’t be possible.”
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