Summary
Ketju does not approve K3 Capital: it holds about $393M across nine chains and does not say who runs it. K3 curates vaults on Euler v2 and Morpho and runs sBOLD, its own wrapper for Liquity v2 Stability Pools. Its own materials name no legal entity, jurisdiction, team or founder, and we found no independent coverage of K3 as a company. A curator holding hundreds of millions of dollars must say who operates it before Ketju will cover it. K3’s marketing site blocks US visitors. Tracked deposits fell about 53% between November 2025 and May 2026, and we could not find why. In April 2026 Euler DAO handed K3 a set of vaults without recording why it judged K3 qualified.
Review triggers
- K3 publishes the name of its legal entity, its incorporation jurisdiction and its team
- The cause of the drop in deposits from November 2025 to May 2026 is identified and confirmed
- Euler DAO or another governance body publishes an independent reason for judging K3 a qualified curator
- Ketju verifies directly against the vault contracts whether they enforce KYC or an allow-list on-chain, instead of inferring it from the marketing site
Facts
- Verdict
- Not approved
- Type
- Other
- Chains examined
- Monad, Ethereum, OP Mainnet, Plasma, Arbitrum, BSC, Unichain, BOB, Avalanche
- Reviewed
- Last confirmed