GnosisDAO approves Karpatkey’s spin-off to become independent entity with KPK token
Quick Take
- GnosisDAO voted to spin off Karpatkey as an independent entity.
- Karpatkey has been a part of GnosisDAO since 2021.
GnosisDAO voted to spin off DAO treasury risk manager Karpatkey as an independent entity, which will utilize its own KPK governance token.
Karpatkey has been a part of GnosisDAO since 2021, and during this time, it has successfully executed over 7000 DeFi transactions, managing more than $2.6 billion in treasuries without any losses or hacks, according to a statement.
Karpatkey provides treasury and risk management solutions, on-chain financial services, and support for DAO business development initiatives. It has worked with high-profile clients in the crypto space, such as Aave, Uniswap, ENS, and MakerDAO, among others.
The proposal to spin off Karpatkey into its own DAO was first made in February — now approved via an on-chain vote.
As an independent entity, Karpatkey plans to broaden its business beyond traditional Web3 services, including launching a low-cost, non-custodial, actively managed open-end fund aimed at institutional investors.
With the project forming its own DAO, KPK token holders will influence treasury management strategies.
The spin-off is also part of Gnosis 
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’ broader strategy to support the development of blockchain applications and enhance the Web3 ecosystem.
Gnosis DAO oversees the Gnosis Chain, a sidechain running parallel to Ethereum. Previously, Safe and CoW Swap also spun off from Gnosis into its their own DAOs.
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