Gnosis DAO Votes to Create Spin-Off Treasury Management Arm, Karpatkey
CryptoNewsTerminal Staff04 Jun, 2024
Gnosis DAO Votes to Create Spin-Off Treasury Management Arm, Karpatkey
Gnosis DAO has voted to spin off Karpatkey, the entity responsible for managing the DAO's treasury, according to CoinDesk. Karpatkey will launch its own token, KPK, and establish a separate DAO. This move will give Karpatkey more autonomy in managing the treasury and will allow it to pursue its own investment strategies. Gnosis DAO will retain a stake in Karpatkey and will continue to provide strategic guidance. Karpatkey has a proven track record in managing the treasuries of several major DeFi projects, including Lido, Aave, and ENS. The spin-off will allow Karpatkey to expand its operations and provide its services to a wider range of projects.
