Endowment initiation

Hello Alisha!

Karpatkey’s plan is to sell the ETH within a few days of receiving the first transfer, in order to deploy the resulting USDC in USD-neutral strategies, as outlined in the post. We will repeat this process with each installment received. After two months, we anticipate having sold approx. 13,327 ETH for USDC.

In regards to the method, Karpatkey will select the most efficient whitelisted pool at the time of the swap. Currently, this would be done through the WETH-USDC pool on Uniswap v3. To minimize slippage, we may divide the swap into smaller transactions, though the quantity in question should not result in significant slippage.