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According to Coindesk, the Ethereum Name Service (ENS) DAO has chosen a new fund manager to take charge in managing its treasury in the wake of crypto winter. In a vote that opened last Wednesday, Nov. 17 and closed Tuesday evening, Nov. 22. Community members selected Karpatkey DAO, a DeFi fund management organization originally incubated through Gnosis Ltd. Now that the community has chosen Karpatkey, the treasury management firm, going forward, will manage the bulk of ENS’s treasury composed of mostly USDC and ETH. With more than two years of experience, Karpatkey currently boasts over $397 million of non-custodial assets under management, excluding ENS. $52 million is the initial size of Karpatkey’s proposal for the ENS Endaoment and $69 million with a projected return of 5.83% is the final stage of Karpatkey’s proposal. “The strategy would use low-risk, medium complexity DeFi strategies such as providing liquidity to automated market makers.”

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【Ethereum Name Service selects Karpatkey DAO as Endaoment fund manager】According to Coindesk, the Ethereum Name Service (ENS) DAO has chosen a new fund manager to take charge in managing its treasury in the wake of crypto winter. In a vote that opened last Wednesday, Nov. 17 and closed Tuesday evening, Nov. 22. Community members selected Karpatkey DAO, a DeFi fund management organization originally incubated through Gnosis Ltd. Now that the community has chosen Karpatkey, the treasury management firm, going forward, will manage the bulk of ENS’s treasury composed of mostly USDC and ETH. With more than two years of experience, Karpatkey currently boasts over $397 million of non-custodial assets under management, excluding ENS. $52 million is the initial size of Karpatkey’s proposal for the ENS Endaoment and $69 million with a projected return of 5.83% is the final stage of Karpatkey’s proposal. “The strategy would use low-risk, medium complexity DeFi strategies such as providing liquidity to automated market makers.”

Ethereum Name Service selects Karpatkey DAO as Endaoment fund manager

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