# Karpatkey Updates **URL:** https://forum.balancer.fi/c/general-chat/karpatkey-updates/21.md [Latest](https://forum.balancer.fi/latest.md) · [Categories](https://forum.balancer.fi/categories.md) --- ## [About the Karpatkey Updates category](https://forum.balancer.fi/t/about-the-karpatkey-updates-category/4387)
**Author:** [@solarcurve](https://forum.balancer.fi/u/solarcurve)\ **Replies:** 0
--- ## [BALANCER FORUM RFC: \[RFC\] Preventing $6M+ Treasury Dilution: Implementing a Merkle-Guard for BIP-928](https://forum.balancer.fi/t/balancer-forum-rfc-rfc-preventing-6m-treasury-dilution-implementing-a-merkle-guard-for-bip-928/7119)
**Author:** [@jaysmith83912](https://forum.balancer.fi/u/jaysmith83912)\ **Replies:** 0\ **Last updated:** [September 26, 2026, 5:09pm UTC](https://forum.balancer.fi/t/balancer-forum-rfc-rfc-preventing-6m-treasury-dilution-implementing-a-merkle-guard-for-bip-928/7119 "2026-09-26T17:09:15Z")
BALANCER FORUM RFC: \[RFC\] Preventing $6M+ Treasury Dilution: Implementing a Merkle-Guard for BIP-928 \*\*To the Balancer Treasury Council & Stakeholders:\*\* I am submitting a formal Technical Audit and Proposal to address… --- ## [Monthly Financial Reports by karpatkey](https://forum.balancer.fi/t/monthly-financial-reports-by-karpatkey/5945)
**Author:** [@kpk](https://forum.balancer.fi/u/kpk)\ **Replies:** 31\ **Last updated:** [September 11, 2026, 12:32pm UTC](https://forum.balancer.fi/t/monthly-financial-reports-by-karpatkey/5945 "2026-09-11T12:32:47Z")
As per BIP-648, as Balancer DAO’s partner for treasury management, @kpk is responsible for delivering financial reports and insights on the DAO’s treasury. After several months of mapping out addresses and labels, and c… --- ## [KPK H1 2026 Review for Balancer DAO](https://forum.balancer.fi/t/kpk-h1-2026-review-for-balancer-dao/7094)
**Author:** [@kpk](https://forum.balancer.fi/u/kpk)\ **Replies:** 0\ **Last updated:** [August 14, 2026, 2:31pm UTC](https://forum.balancer.fi/t/kpk-h1-2026-review-for-balancer-dao/7094 "2026-08-14T14:31:29Z")
Treasury performance, movements, protocol revenue and key actions. January to June 2026. Since the start of our partnership in late 2022 (BIP-103), KPK has served as Balancer DAO’s strategic treasury partner, delivering… --- ## [Permissions Update Request #10](https://forum.balancer.fi/t/permissions-update-request-10/7077)
**Author:** [@kpk](https://forum.balancer.fi/u/kpk)\ **Replies:** 2\ **Last updated:** [July 14, 2026, 2:39pm UTC](https://forum.balancer.fi/t/permissions-update-request-10/7077 "2026-07-14T14:39:28Z")
PR with payloads Abstract This proposal requests BalancerDAO’s approval for updates and new actions to the permissions policy governing the KPK-managed treasury on Ethereum Mainnet. The proposed changes expand the exi… --- ## [rsETH Exploit: KPK Precautionary Actions & Balancer DAO Treasury impact summary](https://forum.balancer.fi/t/rseth-exploit-kpk-precautionary-actions-balancer-dao-treasury-impact-summary/7031)
**Author:** [@kpk](https://forum.balancer.fi/u/kpk)\ **Replies:** 0\ **Last updated:** [April 24, 2026, 8:35am UTC](https://forum.balancer.fi/t/rseth-exploit-kpk-precautionary-actions-balancer-dao-treasury-impact-summary/7031 "2026-04-24T08:35:42Z")
Background On Friday 18 April, an attacker exploited a vulnerability in Kelp DAO’s LayerZero V2 bridge route between Unichain and Ethereum, which allowed unbacked rsETH to be minted on Ethereum mainnet. The incident led … --- ## [\[BIP XXX\] Permissions Update Request #9](https://forum.balancer.fi/t/bip-xxx-permissions-update-request-9/6972)
**Author:** [@kpk](https://forum.balancer.fi/u/kpk)\ **Replies:** 3\ **Last updated:** [April 22, 2026, 2:23pm UTC](https://forum.balancer.fi/t/bip-xxx-permissions-update-request-9/6972 "2026-04-22T14:23:15Z")
PR with payloads Note: This new permission request was created to accelerate the release of the previously reviewed permissions that remained in PUR#8 (ARB and Gnosis Chain). It covers the requests for Ethereum Mainnet,… --- ## [\[BIP-909\] Permissions Update Request #8](https://forum.balancer.fi/t/bip-909-permissions-update-request-8/6898)
**Author:** [@kpk](https://forum.balancer.fi/u/kpk)\ **Replies:** 6\ **Last updated:** [February 6, 2026, 2:32pm UTC](https://forum.balancer.fi/t/bip-909-permissions-update-request-8/6898 "2026-02-06T14:32:03Z")
PR with payloads Edit: Following the suggestions in our last ecosystem call, this Permission Update Request was divided into two: PUR #8 - Permissions for Arbitrum and Gnosis Chain PUR#9 - Permissions for ETH Mainnet … --- ## [Balancer DAO Treasury: 2025 Annual Review](https://forum.balancer.fi/t/balancer-dao-treasury-2025-annual-review/6957)
**Author:** [@kpk](https://forum.balancer.fi/u/kpk)\ **Replies:** 0\ **Last updated:** [January 30, 2026, 3:02pm UTC](https://forum.balancer.fi/t/balancer-dao-treasury-2025-annual-review/6957 "2026-01-30T15:02:17Z")
Executive Summary 2025 was a year defined by hands-on treasury execution and structural improvements for Balancer DAO. By year-end, the kpk-managed treasury stood at $13.7m, while Balancer’s broader balance sheet across … --- ## [\[BIP-885\] Permissions Update Request #7](https://forum.balancer.fi/t/bip-885-permissions-update-request-7/6841)
**Author:** [@kpk](https://forum.balancer.fi/u/kpk)\ **Replies:** 4\ **Last updated:** [October 31, 2025, 10:04am UTC](https://forum.balancer.fi/t/bip-885-permissions-update-request-7/6841 "2025-10-31T10:04:14Z")
PR with payloads Abstract This proposal seeks BalancerDAO’s approval to add permissions required for: Disassembling deprecated positions and reallocating assets in line with \[BIP-850\] Staking and delegating POL to th… --- ## [Balancer DAO Q3 2024 - Financial Performance Report](https://forum.balancer.fi/t/balancer-dao-q3-2024-financial-performance-report/6138)
**Author:** [@kpk](https://forum.balancer.fi/u/kpk)\ **Replies:** 1\ **Last updated:** [October 4, 2025, 5:50am UTC](https://forum.balancer.fi/t/balancer-dao-q3-2024-financial-performance-report/6138 "2025-10-04T05:50:18Z")
Authors: @Xeonus @0xDanko @kpk Introduction Operating expenses in the third quarter of 2024 exceeded income streams by $526,967, resulting in a net negative operating P&L. Despite a 19% reduction in expenses compared to… --- ## [Kpk H1 2025 Review for Balancer DAO](https://forum.balancer.fi/t/kpk-h1-2025-review-for-balancer-dao/6626)
**Author:** [@kpk](https://forum.balancer.fi/u/kpk)\ **Replies:** 0\ **Last updated:** [July 17, 2025, 3:30pm UTC](https://forum.balancer.fi/t/kpk-h1-2025-review-for-balancer-dao/6626 "2025-07-17T15:30:07Z")
Since the start of our partnership in late 2022 (BIP-103), kpk has served as Balancer DAO’s strategic treasury partner, supporting the ecosystem through non-custodial asset management, protocol integrations, and financia… --- ## [\[BIP-843\] Balancer DAO Investment Policy Statement](https://forum.balancer.fi/t/bip-843-balancer-dao-investment-policy-statement/6556)
**Author:** [@kpk](https://forum.balancer.fi/u/kpk)\ **Replies:** 5\ **Last updated:** [June 12, 2025, 6:49pm UTC](https://forum.balancer.fi/t/bip-843-balancer-dao-investment-policy-statement/6556 "2025-06-12T18:49:37Z")
Abstract Introduction of an Investment Policy Statement (IPS) for Balancer DAO Treasury management. Introduction Officially established in November 2022, as per BIP-103, The Balancer DAO Treasury has grown to play a cri… --- ## [\[BIP-842\] Deploy kpk Sub-Roles architecture](https://forum.balancer.fi/t/bip-842-deploy-kpk-sub-roles-architecture/6473)
**Author:** [@kpk](https://forum.balancer.fi/u/kpk)\ **Replies:** 6\ **Last updated:** [June 12, 2025, 6:29pm UTC](https://forum.balancer.fi/t/bip-842-deploy-kpk-sub-roles-architecture/6473 "2025-06-12T18:29:47Z")
PR with payload https://github.com/BalancerMaxis/multisig-ops/pull/1892 Tenderly simulation available here. Abstract Following our initial post, we’re proposing to roll out a new feature that boosts both flexibility an… --- ## [Treasury Monthly Reports by karpatkey](https://forum.balancer.fi/t/treasury-monthly-reports-by-karpatkey/5079)
**Author:** [@kpk](https://forum.balancer.fi/u/kpk)\ **Replies:** 23\ **Last updated:** [February 10, 2025, 3:39pm UTC](https://forum.balancer.fi/t/treasury-monthly-reports-by-karpatkey/5079 "2025-02-10T15:39:28Z")
As per BIP-103, @kpk is Balancer DAO’s partner for treasury management, tasked with deployment of yield generating strategies, risk management and reporting. After several months of hard work on our reporting engine, we… --- ## [\[BIP-714\] Allocate 250,000 USDT to sGYD](https://forum.balancer.fi/t/bip-714-allocate-250-000-usdt-to-sgyd/6038)
**Author:** [@kpk](https://forum.balancer.fi/u/kpk)\ **Replies:** 4\ **Last updated:** [February 6, 2025, 6:09pm UTC](https://forum.balancer.fi/t/bip-714-allocate-250-000-usdt-to-sgyd/6038 "2025-02-06T18:09:16Z")
PR with payload Summary This proposal seeks approval from the BalancerDAO to allocate 250,000 USDT, currently sitting idle in the DAO’s main multisig wallet following the termination of the Fjord fee share agreement, t… --- ## [\[BIP-759\] Deploy 50K GHO into the v3 Buffer Router Contract](https://forum.balancer.fi/t/bip-759-deploy-50k-gho-into-the-v3-buffer-router-contract/6291)
**Author:** [@kpk](https://forum.balancer.fi/u/kpk)\ **Replies:** 2\ **Last updated:** [February 3, 2025, 4:58pm UTC](https://forum.balancer.fi/t/bip-759-deploy-50k-gho-into-the-v3-buffer-router-contract/6291 "2025-02-03T16:58:13Z")
Abstract This proposal seeks approval to deploy 50,000 GHO into the Buffer contract as part of the Balancer V3 launch strategy. Liquidity buffers facilitate liquidity provisioning and operational efficiency, we propose s… --- ## [Karpatkey 2024 Review for Balancer DAO](https://forum.balancer.fi/t/karpatkey-2024-review-for-balancer-dao/6299)
**Author:** [@kpk](https://forum.balancer.fi/u/kpk)\ **Replies:** 0\ **Last updated:** [January 16, 2025, 5:43pm UTC](https://forum.balancer.fi/t/karpatkey-2024-review-for-balancer-dao/6299 "2025-01-16T17:43:33Z")
karpatkey’s relationship with the Balancer ecosystem dates back to 2020 where karpatkey has played a key role in supporting the Balancer ecosystem—currently facilitating $155mln liquidity to its pools (see”Balancer’s TVL… --- ## [\[STALE\] Onboard Balancer DAO on karpatkey's Execution App](https://forum.balancer.fi/t/stale-onboard-balancer-dao-on-karpatkeys-execution-app/6241)
**Author:** [@kpk](https://forum.balancer.fi/u/kpk)\ **Replies:** 4\ **Last updated:** [January 14, 2025, 8:46am UTC](https://forum.balancer.fi/t/stale-onboard-balancer-dao-on-karpatkeys-execution-app/6241 "2025-01-14T08:46:51Z")
Abstract The Execution App, developed by karpatkey, addresses the need for rapid, error-minimised execution in high-pressure situations such as hacks, exploits, and governance attacks. These time-sensitive and high-risk … --- ## [\[BIP-748\] Permissions Policy Update Request #5 (ETH Mainnet)](https://forum.balancer.fi/t/bip-748-permissions-policy-update-request-5-eth-mainnet/6129)
**Author:** [@kpk](https://forum.balancer.fi/u/kpk)\ **Replies:** 7\ **Last updated:** [December 18, 2024, 6:17pm UTC](https://forum.balancer.fi/t/bip-748-permissions-policy-update-request-5-eth-mainnet/6129 "2024-12-18T18:17:53Z")
PR with payload Abstract This proposal seeks BalancerDAO’s approval for updates, new actions, and strategies related to the permissions policy governing the karpatkey-managed treasury on Mainnet. These changes are part… --- ## [\[BIP-732\] Permissions Policy Update Request #6 (Gnosis Chain)](https://forum.balancer.fi/t/bip-732-permissions-policy-update-request-6-gnosis-chain/6130)
**Author:** [@kpk](https://forum.balancer.fi/u/kpk)\ **Replies:** 4\ **Last updated:** [November 6, 2024, 3:10pm UTC](https://forum.balancer.fi/t/bip-732-permissions-policy-update-request-6-gnosis-chain/6130 "2024-11-06T15:10:01Z")
PR with payload https://github.com/BalancerMaxis/multisig-ops/pull/1450 Abstract This proposal seeks BalancerDAO’s approval for updates, new actions, and strategies related to the permissions policy governing the newly … --- ## [\[BIP-710\] Claim COW Airdrop](https://forum.balancer.fi/t/bip-710-claim-cow-airdrop/6007)
**Author:** [@kpk](https://forum.balancer.fi/u/kpk)\ **Replies:** 1\ **Last updated:** [October 2, 2024, 5:20pm UTC](https://forum.balancer.fi/t/bip-710-claim-cow-airdrop/6007 "2024-10-02T17:20:38Z")
Payload with PR Abstract The BalancerDAO is eligible to claim an airdrop of 644,468.388 COW tokens as a result of locking GNO in the LGNO locking contract, stemming from the token swap agreement with GnosisDAO establis… --- ## [\[BIP-696\] Transfer GNO to karpatkey’s Treasury Safe & Authorise Staking on Stakewise v3](https://forum.balancer.fi/t/bip-696-transfer-gno-to-karpatkey-s-treasury-safe-authorise-staking-on-stakewise-v3/5954)
**Author:** [@kpk](https://forum.balancer.fi/u/kpk)\ **Replies:** 2\ **Last updated:** [September 18, 2024, 6:14pm UTC](https://forum.balancer.fi/t/bip-696-transfer-gno-to-karpatkey-s-treasury-safe-authorise-staking-on-stakewise-v3/5954 "2024-09-18T18:14:35Z")
PR with Payload: Abstract This proposal seeks the BalancerDAO to take the following actions: Have the Balancer’s DAO main Safe claim the locked GNO in the GNO locking contract. Bridge the GNO from mainnet to Gnosis C… --- ## [\[BIP-667\] Roles V2 Migration & New Treasury Permissions](https://forum.balancer.fi/t/bip-667-roles-v2-migration-new-treasury-permissions/5742)
**Author:** [@kpk](https://forum.balancer.fi/u/kpk)\ **Replies:** 6\ **Last updated:** [August 7, 2024, 2:14pm UTC](https://forum.balancer.fi/t/bip-667-roles-v2-migration-new-treasury-permissions/5742 "2024-08-07T14:14:40Z")
PR with Payload Abstract This proposal aims to roll out an updated version of the Zodiac Roles Modifier module. The new version improves usability and transparency of treasury management operations. Upon approval, the … --- ## [BAL Budgeting H2 2024](https://forum.balancer.fi/t/bal-budgeting-h2-2024/5905)
**Author:** [@kpk](https://forum.balancer.fi/u/kpk)\ **Replies:** 3\ **Last updated:** [August 7, 2024, 10:12am UTC](https://forum.balancer.fi/t/bal-budgeting-h2-2024/5905 "2024-08-07T10:12:48Z")
Motivation After extensive discussions with key stakeholders about the DAO’s BAL holdings and their continuous decline, it is important to closely examine the current reserves. Given the dependency of numerous initiative… --- ## [Karpatkey H1 2024 Review of the Balancer Treasury](https://forum.balancer.fi/t/karpatkey-h1-2024-review-of-the-balancer-treasury/5871)
**Author:** [@kpk](https://forum.balancer.fi/u/kpk)\ **Replies:** 0\ **Last updated:** [July 15, 2024, 2:52pm UTC](https://forum.balancer.fi/t/karpatkey-h1-2024-review-of-the-balancer-treasury/5871 "2024-07-15T14:52:47Z")
As per BIP-103, karpatkey is Balancer DAO’s partner for treasury management, responsible for deploying yield-generating strategies, risk management, and reporting. However, karpatkey’s contributions extend beyond treasur… --- ## [\[BIP-628\] Balancer & Cow Protocol Strategic Partnership – Launching CoWAMM Pools](https://forum.balancer.fi/t/bip-628-balancer-cow-protocol-strategic-partnership-launching-cowamm-pools/5813)
**Author:** [@kpk](https://forum.balancer.fi/u/kpk)\ **Replies:** 1\ **Last updated:** [June 19, 2024, 7:37pm UTC](https://forum.balancer.fi/t/bip-628-balancer-cow-protocol-strategic-partnership-launching-cowamm-pools/5813 "2024-06-19T19:37:02Z")
BIP: 628 title: Balancer & Cow Protocol Strategic Partnership – Launching CoWAMM Pools author: Haris Angelidakis, Andrea Canidio, Felix Henneke, Mike\_B & karpatkey status: Active created: 2024-06-17 Note: This proposal … --- ## [\[BIP-621\] Lock SAFE balance](https://forum.balancer.fi/t/bip-621-lock-safe-balance/5788)
**Author:** [@kpk](https://forum.balancer.fi/u/kpk)\ **Replies:** 2\ **Last updated:** [June 13, 2024, 5:38am UTC](https://forum.balancer.fi/t/bip-621-lock-safe-balance/5788 "2024-06-13T05:38:18Z")
Payload with PR: Simulation on Tenderly: https://dashboard.tenderly.co/public/safe/safe-apps/simulator/fe1a6755-4c38-4974-a3fa-ff9488dbe405 Abstract In BIP-598, we proposed claiming 119,196.47 SAFE tokens, which incre… --- ## [\[BIP-598\] Claim Extra Safe Airdrop](https://forum.balancer.fi/t/bip-598-claim-extra-safe-airdrop/5723)
**Author:** [@kpk](https://forum.balancer.fi/u/kpk)\ **Replies:** 1\ **Last updated:** [May 1, 2024, 8:14am UTC](https://forum.balancer.fi/t/bip-598-claim-extra-safe-airdrop/5723 "2024-05-01T08:14:49Z")
Payload with PR Abstract GIP-64 prompted GnosisDAO to distribute an additional portion of the SAFE supply, aimed at promoting decentralisation on the Gnosis Chain. In the context of a token swap agreement, Balancer DAO… --- ## [Karpatkey 2023 Review of the Balancer Treasury](https://forum.balancer.fi/t/karpatkey-2023-review-of-the-balancer-treasury/5531)
**Author:** [@kpk](https://forum.balancer.fi/u/kpk)\ **Replies:** 2\ **Last updated:** [January 30, 2024, 6:46pm UTC](https://forum.balancer.fi/t/karpatkey-2023-review-of-the-balancer-treasury/5531 "2024-01-30T18:46:51Z")
Under BIP-103, karpatkey has been appointed as the Balancer DAO’s treasury management partner, tasked with executing yield-generating strategies, managing risks, and providing comprehensive reports. However, karpatkey’s… [Next page](https://forum.balancer.fi/c/general-chat/karpatkey-updates/21.md?page=1)