[EP 6.23] [Executable] Endowment permissions to karpatkey - Update #6
AI summary
This proposal updates the permissions for karpatkey, the asset manager for the ENS Endowment, to optimize its investment strategies. It allows karpatkey to claim the SPK airdrop, utilize new yield-generating opportunities on platforms like Balancer v3, Curve, and Morpho, and implement Time-Weighted Average Price (TWAP) functionality for better trade execution. The proposal also removes outdated permissions related to USDM, a stablecoin that has been discontinued.
If passed, karpatkey will have more flexibility to manage the ENS Endowment, potentially increasing its returns through diversified strategies and improved trading efficiency. This benefits the ENS DAO by growing its treasury, with no direct negative impact on any specific group.
Voting results
🐳 Whale votes
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[EP 6.23] [Executable] Endowment permissions to karpatkey - Update #6
Abstract
This proposal introduces updated permissions for the Endowment, with a continued focus on diversification and alignment with the evolving market landscape and liquidity.
Motivation
The proposed new permissions focus on strategies involving:
- Airdrop claim: Claim the SPK airdrop and add permissions to swap the SPK token
- Additional permissions on already permitted platforms for generating yield on Endowment assets, including:
- Balancer v3 pools: since the protocol upgrade in December 2024, liquidity an…