# Update on GIP-143: kpk executing the full 14-day handover to GnosisDAO

Source: https://forum.gnosis.io/t/gip-143-should-the-gnosisdao-terminate-karpatkey-treasury-management-services/11791/62
Kiwi News: https://news.kiwistand.com/stories/Update-on-GIP-143-kpk-executing-the-full-14-day-handover-to-GnosisDAO?index=0x69296aeb7245ec0adcd893bd5b1087be99e9afd7dcb8c3ce9e8b74d13ad39fd883d93929
Submitted by misha on 2025-11-28 UTC, 1 upvote, 0 comments

## Summary

GIP-143 proposes terminating karpatkey's treasury management services for GnosisDAO, effective immediately upon passage, with a 14-day transition period. The proposal states that no further payments are to be made to, or retained by, karpatkey. Under the specification, karpatkey would provide a complete handover and document all positions, strategies, and access controls within 14 days, and all assets would return to direct DAO control, withdrawn from karpatkey-affiliated products such as kpk Morpho vaults and kpk vaults. The implementation section calls for revoking all Safe signer permissions held by the karpatkey team and ceasing new treasury operations upon passage.

## Article

GIP-143: Should the GnosisDAO Terminate karpatkey Treasury Management Services?

Executive Summary

This proposal seeks to terminate karpatkey’s treasury management services for GnosisDAO, effective immediately from the passing of this proposal, with a 14 day transition period. No further payments are to be made to, nor retained by, karpatkey.

Note: Votes are public given the large amount of karpatkey employees on the forum.

Motivation

Following extensive community discussions over the past weeks regarding treasury management performance, cost, risk exposure, and alignment with DAO objectives, this proposal formalises the decision to conclude karpatkey’s engagement as GnosisDAO’s treasury manager.

Specification

Action: Terminate the treasury management agreement with karpatkey effective immediately

Timeline: 14-day transition period from proposal passing

Transition: karpatkey to provide complete handover; documentation of all positions, strategies, and access controls within 14 days

Assets: All GnosisDAO assets under karpatkey management to be returned to direct DAO control and withdrawn from any karpatkey affiliated product (i.e. kpk Morpho vaults, kpk vaults). Where there is difficulty in handing over positions due to edge cases in allocation, ETH denominated positions may be converted to wstETH and USD denominated positions may be converted to sUSDS/sxDAI in order to hand them over.

Upon receipt of the assets, GnosisDAO representatives will begin the process of converting all treasury assets to sUSDS, wstETH, and Gnosis Ecosystem tokens before engaging in next steps regarding the treasury strategy.

Implementation

Revoke all Safe signer permissions held by karpatkey team

Transfer all assets to GnosisDAO-controlled addresses

Document all active DeFi positions for orderly unwinding

Cease all new treasury operations immediately upon proposal passing

Milestones

N/A

Note: Given the clear community interest expressed in recent forum discussions, this proposal moves directly to Phase 2 temperature check.