Applicant Name: karpatkey
Primary point of contact for treasury research is @santinomics and supported @coltron.eth.
What is your motivation for applying to this working group? (max 3 sentences):
We are motivated to lend our expertise to this working group because Uniswap has led the evolution and growth of DeFi. We want to see Uniswap engage in healthy treasury management practices. As leaders in DAO treasury management, we can contribute positively to this effort.
Please list your association, history, and contributions to the Uniswap protocol or DAOs:
karpatkey has been an active delegate in the Uniswap Protocol since August 2023, with a 93% participation across all voting actions. We have demonstrated our commitment to governance health and protocol improvement discussions by ensuring our team participates at in-person delegate gatherings, regularly attends community calls, and provides a delegate platform with voting rationale.
Within the Uniswap DAO, we are directly contributing to the Uniswap Delegate Reward working group. Here, we are assisting with research on established delegating reward systems throughout the ecosystem to incentivise healthy governance activity in Uniswap.
In addition to our Uniswap DAO contributions, we’ve historically deployed a combined $62.91M worth of LP positions in both Uniswap V2 and V3. We are intimately familiar with the value of the Uniswap protocol.
Briefly provide an overview of your experience with DAO treasury management, traditional fund/asset management, DeFi incentive programs, and/or any sort of professional investing (max 5 sentences):
Our expertise is non-custodial DeFi treasury and risk management. karpatkey currently serves in treasury roles for AAVE, Balancer, CoW Protol, ENS, Gnosis DAO and Lido. We have a team of DeFi engineers, treasury managers and analysts who regularly lead DeFi incentive programs and actively manage treasury assets within the protocols that we serve.
A view of our treasury reports can be found at reports.karpatkey.com.
Propose one meaningful way by which Uniswap can bolster its treasury (max 5 sentences):
In the near term, diversifying the treasury is a straightforward and impactful strategy for enhancing Uniswap’s financial health. Uniswap should prioritise acquiring stable assets to reduce treasury volatility and shield itself from fluctuating market conditions. This diversification would allow for allocating a portion of treasury assets into carefully vetted on-chain, low-risk positions where Uniswap would receive competitive risk-adjusted yields while bolstering its own ecosystem’s liquidity. This diversification is the foundation for supporting further ecosystem expansion with various initiatives, such as grant and incentive programs, M&A, or others.