Security is hard to prove in advance.
When the largest crypto hack hit @binance last week, KPK’s automation stack fired exit transactions seconds after its @HypernativeLabs alerts triggered
Deep dive into what happened and how KPK compared with other curators
🇦🇷 wARS, Ripio's tokenized Argentine peso, is now available on @Morpho, with @RipioApp and @RipioHQ.
➖ Borrowers draw wARS against USDC, USDT, WETH or WBTC, priced by the @Chainlink NCFX USD/ARS feed.
➖ Suppliers earn yield in a risk-capped vault with automated rebalancing.
KPK is one of the institutional curators behind @symbioticfi's Liquid Lane integration with @centrifuge, giving holders of tokenised funds worth $1.6bn in AUM instant, T+0 exits instead of standard redemption cycles.
Starting with JAAA and JTRSY from day one 👇
Update on the Resolv situation.
TLDR: kpk's vault architecture worked as designed under real stress. We detected the risk, paused new allocations, and the vault exited automatically the moment liquidity became available. The withdrawal queue design proved itself without requiring any manual intervention.
All Ethereum funds fully recovered. Zero loss to depositors.
Following the USR minting exploit on Sunday, our Morpho USDC Yield vaults on Ethereum and Arbitrum had limited exposure to the RLP collateral market.
When the risk was detected, we immediately set the risk tolerance on the affected market to zero and blocked new allocations. The vault's withdrawal queue was configured to recover the position automatically as soon as liquidity returned.
That's exactly what happened. The moment a borrower repaid, a depositor's redemption cascaded through the vault's withdrawal queue, recovering the full amount. Same block, no manual intervention needed. The vault's architecture handled the exit.
Result: all Ethereum funds fully recovered. Zero loss to depositors.
Concentration limits had already capped our maximum exposure to the market. This is a core part of how we curate: when an individual market fails, the loss ceiling is set at inception, not determined by the speed of the response.
Deposits into the Ethereum Yield vault have been re-enabled. The Arbitrum Yield vault is still paused, with ~$1k remaining exposure to Resolv markets. Withdrawals were available to depositors throughout, across both chains.
Where we go from here
We're using this as an opportunity to strengthen our monitoring and emergency response processes. This includes enhanced oracle divergence monitoring, faster automated exit triggers, and tighter integration with onchain security alerting services.
Full documentation of our vault risk framework, including how caps, tiers, and agents work: https://t.co/RVmT4xUkXc
Treasuries can rent liquidity or own it. Both cost more than they seem.
In collaboration with @kpk_io, we dissect the tradeoffs across DeFi’s leading experiments to map a framework for sustainable market depth.
A must-read for treasury strategy design:
https://t.co/WPPcABIz15
It was a pleasure to join @LexSokolin on the @finblueprint podcast.
We spoke about @kpk_io’s non-custodial playbook for managing $2B+ on chain, risk frameworks, and the role of Ethereum treasury companies in DeFi liquidity.
Full episode: https://t.co/Uh8gyEN2dS
We’re excited to share that our new website is now live!
We designed a brand new site from the ground up to reflect our journey and our mission to help DeFi grow sustainably.
Explore it here: https://t.co/hUZTn7rRJc
A new chapter begins... karpatkey is now kpk.
Simple, clean and flexible. An evolution that embraces our legacy.
And a refined identity. On a mission to scale DeFi.
🔊 Sound ON—trust us, it’s worth it!
📢 Support karpatkey with your LDO Delegation!
With a proven track record in treasury management, DAO governance and DeFi , we’re committed to driving @LidoFinance's long-term growth.
🧵👇
We’re excited to announce karpatkey has successfully closed a $7M funding round to scale onchain treasury management for DAOs and institutions!
We’re honoured to be supported by so many industry leaders and pioneers.
https://t.co/igOE6QaEEa
1/ From asset management to security, business development and financial services, we help crypto organisations unlock value & stimulate growth. karpatkey is building a DeFi Treasury Network of leading DAOs, managed for the benefit of all. But what does that mean? 🧵 👇
1/ We are thrilled to share the GIP-92 proposal with the @GnosisDAO:
The spin-off of karpatkey DAO and the launch of our governance token, KPK. Let's dive into what this means!
https://t.co/XxnQx3XBlC
MakerDAO is now Sky! Get ready to upgrade to $USDS and $SKY on 18 Sept.
Just signed up for the Early Bird Bonus on https://t.co/TTB5ktTSZA.
Get double rewards for the first month after launch if you're eligible @SkyEcosystem
Our proposal to integrate @Uniswap into the @gnosischain ecosystem is now open for discussion on the Uniswap forum! Here’s why this collaboration presents a unique opportunity to unlock new audiences and enhance user experience:
✴️Gnosis Chain, known for pioneering projects like @Safe and @GnosisPay, boasting over $100B in assets and the first Visa Card linked to a blockchain wallet, brings unparalleled infrastructure to the table. By integrating Uniswap, Gnosis Chain expands its ecosystem, offering users access to a top-tier decentralized exchange.
✴️For Uniswap, tapping into Gnosis Chain means tapping into a network designed for high-volume transactions and advanced financial tools. This integration promises to attract a wave of new users, leveraging Gnosis Chain’s robust payments infrastructure and diverse ecosystem.
Together, Uniswap and Gnosis Chain can leverage their respective strengths to amplify trading volumes and liquidity across DeFi.
1/ karpatkey is creating an actively managed, open-end investment fund for institutional investors, offering exposure to leading DeFi protocols. Our goal is to become a major liquidity bridge from TradFi into DeFi, benefiting our partners and the wider crypto ecosystem.
One of the key factors for managing DAO assets is having ‘An infrastructure’ that is transparent, secure, efficient, and most importantly, non-custodial and trust-minimised.
Tools and modules in our core infrastructure include:
1️⃣ Wallet (by @safe)
2️⃣ Permissions Policy Building: Zodiac Roles Modifier (by @GnosisGuild) and DeFi Kit
3️⃣ Transaction Building involves two components: Roles Royce SDK and DeFi Repertoire.
4️⃣ Execution: A combination of Execution App (Manual) and Guardians (Automated)
Read more in our article here:
https://t.co/qLdmrHWB2U
Heading to London next week?
🎙️karpatkey's Head of Growth, @rsousamarques will speak on "The Future of Onchain Asset Management" panel at #DAS2024.
He will be joined by @maxboonen, @Mona_El_Isa, and Christopher Jensen from @FTI_Global, with @DianacBiggs moderating.
🗓️March 20th, 4:00 PM.
karpatkey is thrilled to sponsor #DAS2024!
The Digital Asset Summit by @BlockworksDAS is a renowned event, and we are happy to announce that our Head of Growth, @rsousamarques, will be talking in "The Future of Onchain Asset Management" panel.
More info soon!