karpatkey governance newsletter: November 2024
Your essential update on DAO governance highlights, proposals, and partnerships from karpatkey’s DeFi Treasury Network
Hello, community!
The end of the year is fast approaching, and what a remarkable year it’s been for Web 3.0 and karpatkey. As 2024 winds down, we’re thrilled to bring you the November edition of the karpatkey governance newsletter—your trusted source for insights on DAO governance, treasury management, and the evolving DeFi ecosystem.
This month, we're sharing updates on key initiatives across our DeFi Treasury Network, including new reward programmes, endowment expansions, and an innovative token-for-equity partnership with Hypernative. Plus, a glimpse into what’s ahead for 2025, with exciting developments from Lido, Balancer, and more.
Let’s get started!
Headline: Securing Alignment with Hypernative
karpatkey and Hypernative have achieved a major milestone with the approval of a first-of-its-kind token-for-equity swap, showcasing how DeFi innovation can bridge traditional and onchain finance. This strategic partnership with Hypernative, a leading provider of real-time monitoring solutions, sets a new standard for aligning DAOs and corporations while reinforcing treasury security.
Key Highlights:
Security Expertise: Leveraging Hypernative’s advanced risk monitoring tools to enhance treasury protection across karpatkey’s DAO network.
Token-for-Equity Swap: Exchanging KPK tokens for equity in Hypernative, creating deeper alignment and mutual growth opportunities.
Visionary Structure: Establishing a framework for strategic M&A services that other DAOs can adopt.
👉 Read the full article for more details
Key Topics & Proposals
SafeBoost Rewards Program Approved
The SafeBoost rewards program, designed to increase activity and engagement on Gnosis Chain, has been officially approved by the Safe and GnosisDAO communities. Starting in January 2025, the six-month program will allocate 250,000 SAFE tokens as incentives for Safe users based on their activity, including transaction volume, frequency, and assets stored. Administered by karpatkey and tracked via Dune Analytics, SafeBoost aims to grow the thriving Safe ecosystem on Gnosis Chain.
👉 Dive deeper into the full proposals on Snapshot: Safe Proposal + Gnosis Proposal
ENS: Endowment Expansion Proposal
To ensure the long-term sustainability of the ENS DAO, karpatkey has proposed a significant expansion of its Endowment.
Increase: Add 5,000 ETH to the Endowment for yield-generating opportunities.
Optimization: Adjust the fee accrual mechanism to 25 days.
Goal: Achieve self-sufficiency through higher earnings.
👉 Learn more and engage in the discussion
CoW DAO Launches Recognized Delegates Program
CoW DAO has officially launched its Recognized Delegates Program, a key initiative to enhance governance efficiency and accountability. The program empowers vetted delegates to represent the interests of the CoW DAO community, fostering active participation and informed decision-making. Recognized Delegates are expected to lead discussions, contribute insights, and align with the DAO’s long-term goals, establishing a stronger foundation for decentralised governance.
karpatkey is honoured to be among the first Recognized Delegates, actively supporting the success of this transformative initiative.
👉 Learn more about the Recognized Delegates Program on the CoW DAO Forum
dYdX: Treasury SubDAO Staking Program Approved
The dYdX community has successfully approved the Treasury SubDAO proposal to allocate 45M DYDX tokens to a staking program. This milestone is a key step toward diversifying the treasury and enhancing the financial resilience of the protocol.
👉 Read the full proposal and details of the initiative
OpCo: Enhancing Governance Execution for Arbitrum
Arbitrum DAO is exploring the creation of OpCo, a DAO-adjacent legal entity designed to streamline governance execution and improve project management. The initiative aims to enhance operational efficiency, foster collaboration within the ecosystem, and ensure long-term sustainability. It proposes to allocate 34M ARB over 30 months for staffing, administration, and strategy facilitation.
Aave: Efficiency Through v3.2 Upgrades
Aave is streamlining its market structure with the Instances Strategy Shift, deprecating its Etherfi instance and optimizing its ecosystem to leverage the new liquid E-modes introduced in Aave v3.2. This reorganization aims to maximise efficiency and adapt to evolving user needs.
👉 Explore the full proposal on the Aave forum
Arbitrum Proposes Governance Bootcamp V2 to Build the Next Generation of DAO Leaders
Arbitrum has proposed Governance Bootcamp V2, a six-month program aimed at onboarding and training high-quality DAO contributors through workshops on governance and real-world exercises. With a strong emphasis on diversity and inclusion, the initiative seeks a $178,138 USD budget in ARB to create a skilled pipeline of contributors for the DAO's future.
👉 Learn more about the Governance Bootcamp proposal
Uniswap DAO: Tally’s Continued Support for Governance
Uniswap DAO has approved funding for Tally, the onchain governance platform, worth $250,000 in annual contributions for a two-year commitment. Tally has played a crucial role in Uniswap's governance, providing tooling for proposal creation and voting. This funding will enable Tally to continue enhancing governance features, including gasless voting and new UNI staking functionalities.
👉 Read more about the plan here
At a Glance: The DeFi Treasury Network
Check out the latest metrics showcasing our impact across partners.
Coming up
Lido: Expanding Staking Horizons
Lido is advancing its strategic goals for 2025 with two major proposals:
The establishment of a Network Expansion Committee, which will manage the deployment of stETH on new networks while maintaining security and transparency.
GOOSE-2, a proposal by Hasu to guide Lido’s ecosystem growth through a new product line approach, enhancing staking offerings and aligning with long-term goals.
Balancer: Preparing for v3 Launch
The upcoming launch of Balancer v3 marks a significant milestone for the protocol. BIP-734 outlines adjustments to its fee model and operational framework to strengthen its position in the yield-bearing market and boost revenue redistribution for LPs, veBAL holders, and the DAO.
That’s all for this month!
We appreciate you keeping up with karpatkey’s journeys in governance and DeFi.
If you enjoyed this edition or have thoughts to share, feel free to connect with us on social media using the links in the footer.
Looking to make an impact in decentralised finance? We’re always eager to meet forward-thinking contributors. Check out our open positions, and don’t hesitate to get in touch if you’d like to join our mission.
Until next time! 👋