2022-12-05
This is Karpatkey’s report for the last week of the GnosisDAO: Link to PDF.
1 Like
So many long-tail assets!
Thinking about complexity and mental effort to manage all the positions…
Appreciating your ability to generate yield at scale + OPSEC + no conflict of interest when managing ENS funds as well: https://www.coindesk.com/tech/2022/11/23/ethereum-name-service-selects-karpatkey-dao-as-endaoment-fund-manager/
Some of my ideas for yielding strategies
I was going through some of my favourite farms and these are looking reasonable-ish.
(I don’t know all the GIPs, I don’t know which chains and which strategies are approved)
+++ surefire looped WETH / stETH: https://app.indexcoop.com/iceth
+++ https://app.velodrome.finance/ has some decent pools on Optimism
+++ I’m actually thinking about applying for a job: https://twitter.com/karpatkey/status/1605227614532165634
+++ It’s shouldn’t be just the core team but wider community contributing new farms and ideas
Community fund?
Incubator. Accelerator. Seed. Investing in teams and entrepreneurs building on Gnosis. Community fund.
Surely such a thing exists already?
EDIT: GitHub - gnosis/GECO: Gnosis Ecosystem Fund - gone
EDIT: GIP-38: Should GnosisDAO fund a Gnosis Chain ecosystem growth initiative?
US treasuries?
Via Arthur Hayes founder of BitMEX inventor of perpetual swaps (futures with no expiry date):
I like earning close to 5% by investing in US Treasury bills with durations shorter than 12 months. And therefore, I want to be earning a yield while I wait for the crypto bull market to return.
Moral and ethical concerns aside - why jump through many DeFi hoops if TradFi bonds available
Distressed real estate?
This is something related to Network State: https://thenetworkstate.com/
With the current economic situation, cost of living, inflation, interest rates, remote work, AI replacing knowledge workers, massive layoffs in IT (highly paid jobs), war, climate change and general RECESSION VIBES - the real estate market is likely to see a correction, slow down, a dip…
Some properties will be sold for cheap.
With a giant pile of cash, it might be a worthwhile to participate in liquidation auctions and acquire some cool places:
- castles
- islands
- sea forts
- nuclear bunkers
(I’m realistic - it’s too distant from the core mission of the Gnosis DAO - unless we go “all in” crypto civilisation and realise that prepping for the collapse of the state is actually in the cards)
Bottom is in?
I had an estate agent taking pictures and a floor plan of my 
but I actually genuinely love my place, appreciating beyond the financial value of emotional safety and stability…
1 Like
Hi @mars!
Thanks for taking the time to share the insights of the research you have done. I can tell you put a lot of time into exploring, processing and digesting that data. It sure was a big effort.
We are always exploring for new ideas, and some of the thoughts you shared may feed some of our thought processes.
Our focus is on-chain DeFi strategies, and as such some of your suggestions may be more fit than others. Especially because we focus mainly on mainnet, due to risk management, and Gnosis Chain, being strategic to the DAO.
This is a great opportunity to bring up the great work Gnosis Builders are doing in this space. Thanks for the question. You can take a look at GIP 38 for more information.
Once again, thanks for all the suggestions, and please keep them coming.