Karpatkey Delegate Platform

Contact & Delegation Address Information

Delegate Address: governance.karpatkey.eth (0x8787FC2De4De95c53e5E3a4e5459247D9773ea52)
Email: governance@karpatkey.com
Website: https://karpatkey.com
Twitter: https://twitter.com/karpatkey


karpatkey is a DeFi-native organisation specialising in professional treasury development through industry-leading research and tooling since 2020. We’ve been working with GnosisDAO, Balancer, ENS, CoW Protocol, and Lido to diversify their treasuries into sustainable portfolios of DeFi investments designed to support the DAOs in their missions.

What do you want to see happen in Uniswap governance over the next year?

  • Further initiatives to strengthen Uniswap’s status as the leading decentralised exchange across numerous chains and for a wide array of assets, aiming to expand cross-chain deployments and stimulate protocol development. This will empower Uniswap to credibly compete with centralised exchanges as a preferred platform for professional trading.
  • Careful, thoughtful, and inclusive progress in the discussions around the Fee Switch and other value-accrual design mechanisms, as a means to reach long-term sustainability without compromising growth and adoption.
  • Further initiatives to foster a competitive, vibrant, and diverse ecosystem of teams contributing to the protocol to avoid single point of failure dependences and foster innovation.
  • With the first steps being laid out with the creation of the Uniswap Foundation, we expect more initiatives like the Uniswap Agora and other tooling/processes geared towards improving the governance process and ultimately increasing participation rate and high-value discussion and action.

Reasons for wanting to be a delegate:

Uniswap validated product-market fit for highly decentralised financial infrastructures and ultimately led the way in the evolution and growth of DeFi. As a champion of Ethereum principles around neutrality and trust minimisation, it is now essential to evolve beyond its core team and push for community-driven growth, development, and self-sustainability.

A robust and progressive governance system will be essential moving forward, giving community members more opportunity to become involved and influence the protocol ecosystem, whether directly or indirectly. We’ve been advocates of delegated voting in DAO governance as a viable solution to improve the legitimacy, inclusivity, and effectiveness of decision-making processes. However, the efficacy of this system is highly dependent on having domain experts actively involved as delegates. They transform the delegation process into a dynamic ecosystem where insights are not just shared but are also meticulously examined and thoughtfully applied. It fosters a symbiotic relationship between all stakeholders, optimising the quality of collective decisions and reinforcing the democratic underpinnings of DAOs.

As DAO treasury developers and contributors to some of the most reputable DeFi protocols in our industry, we believe that our team has the knowledge, trust, and alignment to meaningfully contribute to Uniswap’s growth moving forward. Check out our values to understand a bit more about our guiding and decision-making principles.

Skills and areas of expertise:

Our past work has led us to develop internal infrastructure for automatic on-chain treasury execution and risk management, which ultimately generated objective knowledge across DeFi protocols and hands-on user experience. karpatkey’s governance team taps our network of engineers, DeFi strategists, data/financial/quant analysts, and accountants for subject matter expertise.

We’re also advocates of DAO alliances through treasury swaps as a means of reaching a more resilient DeFi ecosystem through treasury diversification and better value alignment as the ecosystem matures.

Past contributions to Uniswap ecosystem and/or demonstrated protocol knowledge:

We’ve historically deployed a combined $62.91M worth of LP positions in both Uniswap V2 and V3:

This ultimately led us to develop internal models to optimise our liquidity ranges, resulting in increased capital efficiency and earnings. On the other hand, we’ve provided market depth on less popular pools, which ultimately contributed to the platform’s liquidity and diversity while simultaneously capitalising on unique opportunities for attractive returns.

Disclosure of Conflicts of Interest:

No conflicts of interest other than the aforementioned contributions to competing DEXes—although we rather see it as an opportunity—as we can leverage our connections to promote strategic synergies moving forward.


Proposal: ARB Distribution Proposal Poll
Vote: Combined Liquidity Incentives and MMA Infrastructure Development
Summary: We appreciate the collaboration between the complementary Gauntlet and Gamma Strategies proposals and, considering the Architectural Reccomendations in the recent bridge assessment, it is appropriate to support the MMA Infrastructure Development proposal.

Proposal: Uniswap v3 on Base
Vote: Yes
Summary: We support this deployment. We agree with the cross-chain vision Uniswap and the benefits outlined in the proposal. We find no issues with the deployment on Base and believe this should be supported.

Proposal: Uniswap v3 on Linea
Vote: Yes
Summary: We support this deployment. We agree with the cross-chain vision Uniswap and find no outstanding issues with this L2 deployment.

Proposal: [Temperature Check] Migrate the Celo Uniswap V3 Factory Contract owner from Optics to Wormhole
Vote: Yes
Summary: We support this Temp Check. Uniswap Bridge Assessment Committee’s approved Wormhole in their June Report. The decision to migrate to Wormhole is prudent considering that Optics is not on a path for approval.


Voting Actions - August 21-26th

Proposal: Migrate the Celo Uniswap V3 Factory Contract owner from Optics to Wormhole
Vote: For
Reasoning: We supported this proposal during the temp check phase and continue to support the migration from Optics to Wormhole. Our initial reasoning for support can be found here.

Proposal: Fund Combined Liquidity Incentivization Program
Vote: For
Reasoning: We supported this during the RFC phase and continue to support this joint proposal from Gauntlet and Gamma Strategies. Our reply to the initial forum discussion can be found here, and our formal reasoning is stated above on this delegate platform.

1 Like

Voting Actions - September 4 – 8th

Proposal: [Temperature Check] Deploy Friendly Fork of Uniswap V3; ZERO Protocol on Polygon zkEVM
Vote: Abstain
Reasoning: We have abstained to evaluate the possible effects of this proposal further. We would like to see more clarity around the long-term effects of this proposal. As other delegates have mentioned, there is concern that this approval would be tacit support by Uniswap governance for all future actions and outcomes from this friendly fork and possibly assuming reputational risk for the protocol.

1 Like

Voting Actions - September 25 – 29th

Proposal: Deploy Friendly Fork of Uniswap V3; ZERO Protocol on Polygon zkEVM
Vote: Yae
Reasoning: After considering this topic further in the Governance Proposal phase, we agree that collaboration in the proliferation of the Uniswap protocol while aligning with the parent protocol through a “friendly fork” would have positive outcomes for both Zero and Uniswap.


Voting Actions - October 2nd – 6th

Proposal: Deploy Uniswap V3 on Filecoin Virtual Machine (FVM)
Vote: Yae
Reasoning: We support this proposal as it brings an interesting use case for Uniswap. The concept of monetising data and creating a market for selling/swapping data storage tokens has been in discussion for a long time, and being early at a chain that enables it gives Uniswap a competitive edge.

Proposal: [Temp Check]: Complete initial funding of the UF
Vote: Yae
Reasoning: Although this is a large funding request from the Uniswap Foundation (UF), it fulfils Grants and Operational needs over several years. Further, we feel that the Uniswap Foundation has been candid in fielding public Q&A, and transparent with budget and spending allocations presented in the request. We have confidence in the UF and support this request to deploy the second tranche of the funding.

1 Like

Voting Actions - October 9th – 13th

Proposal: Complete initial funding of the Uniswap Foundation
Vote: Yae
Reasoning: This continues our support expressed in the temp check. The proposal emphasizes the importance of Uniswap as critical infrastructure for decentralized finance (DeFi), and it ensures the Uniswap Foundation has the necessary resources to actively work on building and supporting a robust ecosystem to enable the Uniswap Protocol to continue its growth, innovation, and contribution to the DeFi ecosystem.

1 Like

Voting Actions - October 23rd – 27th

Proposal: Temperature Check - [Issue a Visa Card with Uniswap Logo ]
Vote: Abstain
Reasoning: With the logo and trademark belonging to Uniswap Labs, we do not feel this is an appropriate question for a DAO vote and have chosen to abstain.

Proposal: [Temperature Check]: Invest in Ekubo Protocol
Vote: No Change
Reasoning: We don’t support this proposal in the current state. The ask of 2.5 million UNI is too high for the terms presented. However, we recognize that there’s potential for Ekubo to contribute significantly to Uniswap with their knowledge of Starknet and Cairo. We would support a restructured proposal with a lower request and milestones.

Voting Actions - October 30rd – November 3rd

Proposal: Deploy Uniswap V3 on Scroll
Vote: Yae
Reasoning: We support this proposal for Uniswap to officially recognize Scroll’s mainnet deployment of Uniswap V3. The deployment on Scroll, a zk-rollup and native zkEVM scaling solution, follows over 1.8 million transactions already processed on its testnets.

Recognizing this deployment as canonical is a move to expand the user base and capture the zkEVM market, which is essential as the Ethereum ecosystem evolves. This move positions Uniswap as an early adopter in a rapidly growing market, potentially increasing its platform’s utility and value.

Voting Actions - November 5th – 10th

Proposal: [Temperature Check]: Delegation of UNI to Active but Underrepresented Delegates
Vote: Yae
Reasoning: We wholly support governance initatives that increase the ability for smaller delegates to have a louder voice in the Uniswap DAO. We have posed questions in an earlier discussion, and we are glad to see this moving forward.