I support the diversification and proposed changes in treasury management. It's also great to see an audit for it.
I support this update, but have chosen to abstain to avoid any conflict of interest.
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This proposal aims to introduce new permissions for deploying Endowment funds, focusing on improved diversification and alignment with the evolving market landscape and liquidity. We are also introducing an independent audit report together with the Permissions Update; this will be the standard practice for Permissions Updates going forward.
Effective treasury management strategies must be adapted to market conditions and protocol updates; for existing Permissions, there might be migrations and introductions of new pools; for new Permissions, protocols and pools that were previously considered immature and unsuitable for the Endowment’s risk appetite may become viable options as they become more time- and battle-tested. This proposal seeks to request new permissions from the ENS DAO for karpatkey, enabling the introduction of new yield-generation strategies for the Endowment.
The new permissions have also been audited by ThirdGuard, an independent 3rd-party, to ensure the suggested changes have been thoroughly reviewed by a technically-competent, independent party.
We have received feedback in the previous proposal that independent, 3rd party code review would be helpful for the ENS community and delegates to make a more informed decision and to reduce delegate fatigue.
In our commitment to transparency and effort towards DAO efficiency, karpatkey decided to engage with independent, third-party firms / individuals for every contract upgrade starting with this proposal. ThirdGuard has been engaged for this proposal’s code review; ThirdGuard is a provider of on-chain risk monitoring solutions, and has been working with the Zodiac Roles Modifier since its inception (and its precursor, Scope Guard). Given their past experiences across Zodiac Roles Modifier, Solidity, and DeFi risk management, ThirdGuard was deemed to be a suitable candidate to fulfil the role of policy reviewer. Their approach to auditing the permissions can be found here.
The ThirdGuard audit for the permissions in this payload can be found here.
Audit report summary is as follows:
I support the diversification and proposed changes in treasury management. It's also great to see an audit for it.
I support this update, but have chosen to abstain to avoid any conflict of interest.