Karpatkey - Delegate Communication Thread

karpatkey - Delegate Communication Thread

Delegate Information

Name: karpatkey
Delegate Address: 0x8787FC2De4De95c53e5E3a4e5459247D9773ea52
Tally Profile: karpatkey | Tally
Forum: @karpatkey
Twitter: x.com
Website: www.karpatkey.com
Languages: English, Portguese and Spanish

Introduction and Experience

karpatkey is a DeFi-native organisation specialising in professional DAO finance through industry-leading research and tooling since 2020. We’ve been working with GnosisDAO, Balancer, ENS, CoW Protocol, and Lido on financial planning, operations, and strategy, diversifying their treasuries into sustainable portfolios of DeFi investments designed to support DAOs in executing their missions.

Delegate Communication Intent

This thread will provide regular updates to the community to ensure transparency and fully communicate our rationale as delegates. These updates will include our explanation for voting and may consist of other announcements related to our activity as a SAFE delegate.

Disclosure

We are active contributors to the governance of other protocols, such as AAVE, Uniswap, and Safe. We also manage treasuries or serve on treasury committees for protocols such as Balancer, GnosisDAO, and ENS, and we hold multiple crypto assets in our own treasury. More information is freely available on our treasury reports.

Waiver of Liability

By delegating to karpatkey, you acknowledge and agree that karpatkey will participate on a best-efforts basis and will not be liable for any damages related to participation in the SAFE Governance.

5 Likes

Voting Activity - July 2023

Proposal: Product / Business Reviewer Seat - Wave 1
Vote: For adamhurwitz.eth
Reasoning: We have voted for Adam in this role because he has an existing activity in the SAFE community that we believe stands about. His knowledge of the SAFE ecosystem and experience in crypto since 2014 with extensive contributions make him a great candidate for this role.


Proposal: Wildcard Reviewer Seat - Wave 1
Vote: marcussam.eth
Reasoning: We have voted for Marcus in the wildcard role because we are familiar with his active and thoughtful participation throughout the Ethereum Community. He would be an asset to the grants council with a technical background and context as a previous grant recipient from DAOs such as Ethereum Name Service and his position as an EF fellow.


Proposal: Technical Reviewer Seat - Wave 1
**Vote:**sohkai.eth
Reasoning: We have voted for Sohkai due to his broad technical experience across protocols. We feel this makes him uniquely well-suited for the technical reviewer Role.

4 Likes

Voting Activity - October 2023

Proposal: [SEP #7] Governance Framework
Vote: Accept
Reasoning: We support this governance framework carefully structured by André and the governance team at SAFE. This is an essential step forward for the DAO, and we are happy to see this in the proposal stage.

3 Likes

Voting Activity - November 2023

Proposal: [SEP #8] Outcomes-based resource allocation framework (OBRA)
Vote: Accept
Reasoning: We support the OBRA program vision, goals, strategies, and initiatives in this proposal. This is a comprehensive plan that will effectively allocate resources (through a series of springs and seasons) in a way that helps drive impact for the SAFE ecosystem.

5 Likes

Voting Actions - December 2023

Proposal: [SEP #9] Stablecoin allocation
Vote: Accept
Reasoning: This is an OTC Deal between the DAO and the Foundation to transfer OP/ARB for USDC and use this stablecoin to fund the OBRA strategies. We support this proposal, as those tokens can be used for governance on Arbitrum and Optimism.


Proposal: [SEP #10] OBRA strategies and budget
Vote: Accept
Reasoning: This is a worthwhile framework to pursue the initial goals of SEP #7. We support this proposal and will be attentive to the following proposals for each strategy to ensure that the DAO’s main needs are addressed.

5 Likes

Voting Actions - February 2024

Proposal: [SEP #11] Governance amendment Season 1 / Sprint 4
Vote: Accept
Reasoning: We support his proposal as it introduces long-waited features like partial delegation and adjustments to the voting timeline. In addition to that, it also:

  • Revises voting mechanism for OBRA initiatives to not run into budgeting problems;
  • Extends of soft launch for Season 2
  • Clarify OBRA initiatives with implementation dependencies

Proposal: [SEP #12] [OBRA] SafeDAO Governance Analytics Dashboard Services - Curia
Vote: Accept
Reasoning: This initiative aims to maintain and enhance the SafeDAO Governance Analytics Dashboard with an added focus on governance analytics monthly reporting.


Proposal: [SEP #13] [OBRA] Module Publishing, Audit Attestation Platform and Marketplace - ZenGuard
Vote: Accept
Reasoning: This asks to fund a platform built on the Safe{Core} Protocol that allows developers to develop and publish modules. Additionally, it will provide a Module marketplace for users to explore and enable these modules easily.


Proposal: [SEP #14] [OBRA] Role-based Access Control & Pilot Browser Extension – Gnosis Guild
Vote: Accept
Reasoning: We support the integration of the Roles Modifier into the Safe Core SDK. Roles are steadily becoming a core infrastructure for the Safe ecosystem, providing fine-grained access control on top of Safe, and it will be good to have these features natively. Pilot provides an easy-to-use interface and is also a good addition to making the Safe experience even more user-friendly.


Proposal: [SEP #15] [OBRA] Enhancing Governance Accessibility and Participation at SafeDAO - StableLab
Vote: Accept
Reasoning: Governance requires continuous monitoring to keep participants engaged and to make changes to renew the participants’ interests. Having someone focused on this task is a strategic move for the Safe DAO, and we support the StableLabs proposal.


Proposal: [SEP #16] [OBRA] Split Delegation - Gnosis Guild
Vote: Accept
Reasoning: We support better delegation systems. This proposal intends to design, implement, and support an update to SafeDAO’s delegation strategy, enabling three key features: split delegation, transitive delegation, and delegation term limits.


Proposal: [SEP #17] [OBRA] Contribution Efficiency System (CES) - Areta
Vote: Accept
Reasoning: We support this proposal, as we have seen the increasing number of proposals and activity on other DAOs make them lose their tracks. It is important to have a system like the one proposed by Areta so we have the tools to be efficient when the demand arises.


Proposal: [SEP #18] [OBRA] FinOps3: Accelerating Asset Management on Safe - LuukDAO
Vote: Accept
Reasoning: We support educational content to increase awareness about the benefits of the Safe Ecosystem. We are willing to be part of one of the workshops to show how we operate with it and to contribute to this initiative.


Proposal: [SEP #19] [OBRA] Develop Ecosystem Accounts on Optimism - LuukDAO
Vote: Accept
Reasoning: We support new tooling to promote account abstraction, a better user experience, and Safe’s tech stack.


Proposal: [SEP #20] [OBRA] Formalizing the Guardian Role on-chain with Hats Protocol - Hats Protocol
Vote: Accept
Reasoning: This integration enables structured, on-chain management of roles, duties, and permissions, automating role assignment and revocation based on predefined criteria such as token ownership and staking requirements. It simplifies governance, increases security, and offers the flexibility to adapt governance structures to specific organizational needs with custom modules

3 Likes

Voting Actions - March 2024

Proposal: [SEP #21] SAFE Token Utility
Vote: Accept
Reasoning: We support the Safe Token Utility proposal, as not only charts a clear course for enhancing SAFE token’s utility but also aligns with SafeDAO’s strategic objectives. It crucially outlines how SafeDAO could enhance its value proposition, underscoring the importance of such vision.

3 Likes

Voting Actions - April 2024

Proposal: [SEP #22] Unpause SAFE Token Contract (Enabling Transferability)
Vote: Enable token transferability
Reasoning: We support this proposal, as we believe that the milestones proposed by SEP#3 fulfilled their intended purpose, and the SFAE token now has all the necessary conditions to become transferable.


Proposal: [SEP #23] [OBRA] Safe Token Utility Sprint 1
Vote: Accept
Reasoning: We support this initiative of researching and creating a list of safe token utility options and verifying the ones that best suit the intended purpose of generating value for SAFE.


Proposal: [SEP #24] karpatkey - SAFE DAO Treasury Management Core Unit
Vote: Abstain
Reasoning: We are the author of this proposal.

3 Likes

Voting Actions 2024 - April 29th - May 3rd

Proposal: [SEP #25] [OBRA] Palmera Module: Hierarchical Structure
Vote: Accept
Reasoning: We value security audits as a critical component in smart contract development. Based on this, we voted in support of the proposal.

Voting Actions 2024 - May 6th - 10th

Proposal: [SEP 26] [OBRA] Three-Part Research Series on Ethereum Account Abstraction - Ethereum 2077
Vote: Abstain
Reasoning: While we appreciate the value of creating educational material, we decided to abstain as we are not sufficiently familiar with Ethereum 2077’s work to allocate 30% of the Wildcard Strategy’s overall budget.

1 Like

Voting Actions 2024 - May 27th - 31st

Proposal: [SEP 28] OBRA Budget Amendments Season 2, Sprint 4
Vote: Option 2
Reasoning: We are in favour of redistributing the budget and adjusting weights to fit better what the ecosystem wants to build for Safe since we are in the early stages of the OBRA program.

Proposal: [SEP 27] Governance Amendments Season 2, Sprint 4
Vote: Accept
Reasoning: We are in favour of allowing for additional flexibility during the initial stages of the OBRA program.

Voting Actions 2024 - July 8th - 12th

Proposal: ****[SEP 29] [OBRA] Nounish Safes - rocketman
Vote: Accept
Reasoning: We support exploration on using Safe in the DAOs context.

Proposal: [SEP 30] [OBRA] Native Split Delegation on Mobile with Notifications about Delegate Participation - Goverland
Vote: Accept
Reasoning: We support the work StableLab is doing to enhance governance participation.

Proposal: [SEP 31] [OBRA]: Next generation frontend for decentralized Safe Registry
Vote: Accept
Reasoning: We support experimentation of multiple frontends with the goal of creating a seamless experience for users.

Proposal: [SEP 32] [OBRA] Continuation of Governance Accessibility and Participation Enhancement at SafeDAO - StableLab
Vote: Accept
Reasoning: We support the work StableLab is doing to enhance governance participation.

Proposal: [SEP 33] [OBRA] Safe Accounts for NFC Tags - Citizen Wallet
Vote: Accept
Reasoning: We support exploration on using Safe in the real-world.

Voting Actions 2024 - August 26th - 30th

Proposal: [SEP 37] [OBRA] Contribution Efficiency System (CES) Extension - Areta
Vote: Accept
Reasoning: We are in favour of extending the Contribution Efficiency System to continue efficiently operating OBRA initiatives as it moves towards organisational restructuring.

Proposal: [SEP 38] [OBRA] Governance Accessibility and Participation Enhancement at SafeDAO - StableLab
Vote: Accept
Reasoning: Continuing our support for this initiative, we voted in favour.

Proposal: [SEP 39] [OBRA] Public API Development and Continuation of SafeDAO Governance Analytics Dashboard Services - Curia
Vote: Accept
Reasoning: As we support data-driven decision-making, we are in favour of extending the SafeDAO Governance Analytics Dashboard.

Proposal: [SEP 40] Governance Cycle Amendments Season 3, Sprint 3
Vote: Accept
Reasoning: We are in favour of updating the governance cycle structure based on the feedback received by the community and the suggestions made by the Safe team.

Proposal: [SEP 41] [OBRA] Safe Ecosystem Roundups and Highlights by FinOps3
Vote: Accept
Reasoning: We are in favour of increasing awareness of the Safe ecosystem.

Proposal: [SEP 42] [OBRA] Simulations and Report: Safings Accounts and Safe Vaults - Kolektivo Labs & Hopper Protocol
Vote: Accept
Reasoning: We are in favour of continuing the research on the impact various Safe features and initiatives have on the SAFE token economy.

Proposal: [SEP 43] [OBRA] ZK Email Account Recovery - ZK Email
Vote: Accept
Reasoning: We are in favour of implementing a secure and efficient account recovery system to make Safe more user-friendly.

Voting Actions September 23rd - 27th

Proposal: [SEP 44] Creating SafeDAO’s first revenue stream through Community-Aligned Fees
Vote: Accept
Reasoning: We believe introducing revenue streams is key for the continued success of Safe. For this reason, we vote to Accept the Community-Aligned Fees proposal.

Proposal: [SEP 45] Implementation of Transition Period for Committees and Councils Structure
Vote: Abstain
Reasoning: We voted to abstain from this proposal as we believe further discussion is appropriate, considering the significant complexities that the Committees and Councils Structure would introduce in this stage of maturity of the Safe ecosystem.

Voting Actions November 18th - 22nd

Proposal: [SEP 46] Safe Boost on Gnosis Chain
Vote: Abstain
Reasoning: As the proposer of this initiative, we are abstaining from the vote.

Proposal: [SEP47] [OBRA]: Lagoon built by HopperLabs: DeFi-Kit Enhancement
Vote: Accept
Reasoning: We support the idea of using Safe for professional fund management and encourage initiatives that build on top of Safe to go in this direction. For this reason, we voted in favour of the proposal.

Proposal: [SEP 48] [OBRA] User-friendly Role Generation - Gnosis Guild
Vote: Accept
Reasoning: We are in favour of empowering crypto users via Safe. Hence our vote to Accept this proposal.

Voting Actions December 16th - 20th

Proposal: [SEP 49] Introduction of Committee and Council structure within Outcomes-based resource allocation framework (OBRA)
Vote: Accept
Reasoning: We are in favour of creating a structure that empowers the DAO to effectively contribute to the Safe ecosystem.

Proposal: [SEP 50] Establishing a DAO Oversight Committee to bring Strategy, Process & Accountability to Treasury Management to the SafeDAO
Vote: Abstain
Reasoning: We agree with the rationale of the proposal and agree active treasury management would be productive for Safe DAO. However, we don’t know enough about the process and where the proposers stand in it. As karpatkey, we received similar criticism in the past and see a point to it. For the benefit of creating fair structures and effective service to Safe DAO, we suggest either none or every possible treasury manager to be involved in defining the structure. For these reasons, we voted Abstain.

Proposal: [SEP 51] [OBRA] Develop and Integrate Ecosystem Vaults - LuukDAO
Vote: Accept
Reasoning: As more and more chains gain traction, we believe it’s important for Safe to be closely integrated with them to maintain its leading position. For this reason, we are in favour of the proposal.

Proposal: [SEP 52] [OBRA] Contribution Efficiency System (CES) Bridge Extension - Areta
Vote: Accept
Reasoning: We believe maintaining operational structure and efficiency around the OBRA program is essential while we transition to the new councils structure. For this reason, we voted in favour.

1 Like