Performances
RD Popularity Index
RD Growth Index
Revenue & Burn
Protocol income
$99.7Buyback funds
$0Burn funds
--Buyback ratio
0.0%Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Oct 2026 | $99.7 | $0 | -- | 0.0% |
| Sep 2026 | $16 | $0 | -- | 0.0% |
| Aug 2026 | $873.21 | $0 | -- | 0.0% |
| Jul 2026 | $227.98 | $0 | -- | 0.0% |
| Jun 2026 | $78.97 | $0 | -- | 0.0% |
| May 2026 | $8.59 | $0 | -- | 0.0% |
Comparison
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People
About KPK
KPK is a non-custodial onchain asset manager that helps DAOs and institutions manage treasury funds directly through smart contracts. Its core business is executing strategies like lending, staking, and liquidity provision on behalf of clients, while clients retain full ownership of assets. KPK operates via Safe (formerly Gnosis Safe) and Zodiac Roles Modifier, meaning it can move funds within predefined rules but can never steal or freeze them.
Its main value proposition is institutional-grade risk management combined with transparency. Every transaction is recorded onchain and verifiable, while risk limits are enforced by code rather than trust. This solves a key market problem: traditional treasury management relies on opaque intermediaries and manual oversight, which is slow, expensive, and prone to errors. KPK replaces this with automated, auditable, and permissionless infrastructure.
In the past six months (March to September 2026), KPK continued publishing monthly reports showing steady growth. Its managed assets reached approximately $215 million by June 2026, with monthly DeFi returns around $442,000. The company also expanded its client base beyond early adopters like GnosisDAO and ENS, adding mandates from other major DeFi protocols. No major security incidents or negative events were reported during this period.
Karpatkey (later rebranded to KPK) was founded in 2020 to manage the GnosisDAO treasury, establishing a non-custodial, permission-based on-chain asset management model executed via Safe and Zodiac Roles Modifier.
In December 2021, GIP-20 formally ratified it as the official manager of the GnosisDAO treasury, with scope expanded by GIP-58; it subsequently won the ENS endowment RFP and took on the Balancer treasury, becoming a benchmark in DAO treasury management.
In 2023, mandates from Aave, CoW Protocol, Lido, and Uniswap were added, with assets under management surpassing $1.8 billion and over 10,000 on-chain transactions executed without loss. In 2024, a $7 million funding round was closed with investors including Wintermute Ventures, and expansion toward traditional financial institutions began.
As a Web3 data analyst, I track KPK (karpatkey), a non-custodial onchain asset manager. Over the past six months (2026-03-02 to 2026-09-02), key developments include:
- Launch of agent-powered vaults on Morpho, extending automated, policy-driven liquidity management with deterministic agents for rebalancing and risk response.
- Release of the KPK App, unifying access to curated Vault strategies (Morpho, Gearbox, Euler) and tokenised funds with non-custodial execution.
- H1 2026 treasury report for Balancer DAO: managed assets closed at $7.7M, with monthly DeFi yields averaging 4.6% APY, despite the April rsETH bridge incident (no fund loss).
- Partner network assets surpassed $2.1B as of September 2024, with active governance across ENS, CoW DAO, Nexus Mutual, and dYdX.
Future focus: KPK intends to continue as Balancer's treasury partner, expand its vault ecosystem across more chains (e.g., Arbitrum), and deepen non-custodial fund offerings, emphasising transparent, rule-based execution and scalable asset management.
Co-founders and core executives:
elbagococina (Co-founder, no detailed public bio)
Alejandro Romero (Co-founder & Partner): Previously held roles at Mercado Libre, Falabella, and Toyota Motor Corporation. He is now Co-founder & Partner at kpk (formerly karpatkey).
Marcelo Ruiz de Olano (Co-founder & Partner): Previously worked at Chevron and other firms. He is now Co-founder & Partner at kpk (formerly karpatkey).