Gami Labs is an on-chain asset manager and vault curator running institutional strategies across BTC, ETH, stablecoins, and real-world asset yields. On many of its vaults, a protocol's name sits next to Gami's. Its flagship gamiUSDC vault anchors the stablecoin range; the earnUSDC and earnXLM vaults run on Stellar; and Coinshift Prime and Coinshift High Yield run alongside Coinshift. In total, Gami runs more than 14 public vaults holding over $55 million in TVL, all of which are verifiable on-chain, alongside separately managed accounts for private clients.

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Its edge is not generic. The founding team pairs deep TradFi and DeFi networks with VC and asset-management experience, the operational rigor of a Big Four background, first-hand insight into family-office requirements, and a partner who runs a $200M directional on-chain fund. Layered with a board-level position at a leading DeFi protocol that gives direct influence over governance, incentives and reward flows, that mix of sourcing, discipline and governance reach is what lets Gami build differentiated vaults for institutional allocators, family offices and high-net-worth investors.

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Gami works a deliberately short list of venues: lending through Aave, Morpho, liquidity through Curve, fixed income and structured yield through Pendle and Spectra. 

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The challenge: a partner's name is on the vault

Co-curation is a powerful model, and a demanding one. When a protocol lets an outside curator run the strategy behind a product that carries its name, it puts its own reputation inside someone else's signing path. A saver who deposits into the earnUSDC vault on Stellar, running on Upshift's infrastructure, or into a product that carries Coinshift's name, is trusting a strategy that Gami runs. If the curator steps outside what the two sides agreed, the protocol wears it publicly, and traditionally it has had no direct way to prevent that, because the curator holds the keys.

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The same gap shows up in separately managed accounts. A client agrees a strategy and its limits up front, then, short of a monthly factsheet, has no way to check that the curator is staying inside them.

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Gami holds itself to the kind of institutional rigor found on a TradFi desk, where traders move fast precisely because the guardrails are enforced around them, not because they are absent. It wanted back-end policies that check each routine trade against the mandate automatically, so analysts and strategists working within limits already set for them never wait on a senior approver, and speed never comes at the cost of control. Asked what Fordefi solved, the firm names execution efficiency first and governance second.

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Holding all of that together, across a growing suite of vaults that each carry a different asset profile, a different risk budget and a different set of stakeholders, was Gami's founding infrastructure question.

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The solution: Fordefi

Gami evaluated other MPC providers and chose Fordefi on the recommendation of curators and partners already running on it, first encountered at EthCC while the firm was still being set up. Every vault now runs inside a distributed-key, policy-driven environment where routine execution moves at market speed and anything outside the approved envelope is stopped before it can happen. Five principles define how Gami uses the platform.

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1. Gami holds its own keys.

Fordefi splits each key into shares held across separate parties and devices, so no single machine or person ever holds a signing key outright, and Gami never hands custody to a third party. Changes to the account configuration sit behind an admin quorum, which puts the policies themselves, not just individual transactions, behind multi-party approval.

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2. A policy per vault that clients can verify.

Each vault is its own policy. It runs inside a dedicated environment with its own whitelist of approved protocols, contracts, and tokens, its own position and notional limits, and its own approval routing, tied to what each team member is permitted to do under their role. Because Fordefi labels protocols at the contract level, Gami writes rules against entire venues instead of chasing individual addresses through every upgrade. Routine work inside an approved envelope executes without an approval queue, while anything unusual, whether a new counterparty, an oversized position, or a breached limit, stops for multi-signer approval before it can execute.

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For clients who want it, that policy is not something to take on trust. Selected allocators get direct access to their own vault inside Gami's Fordefi instance and can verify every rule and limit for themselves. Most curators send a monthly report. Gami gives them a live, cryptographic view of the guarantee itself. For a separately managed account, this closes the oldest gap in the model: the SMA agreement sets the mandate off-chain, and the Fordefi policy makes that same mandate the on-chain frame the vault is bound to. The client no longer has to trust a factsheet. They can see the mandate enforced, transaction by transaction.

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3. Co-curation partners inside the governance.

This is where the model earns its keep. For protocol partners and SMA clients, Gami runs shared vaults in which the counterparty holds approval rights in the same workspace, with the terms both sides negotiated written directly into the policy. The partner does not have to trust that Gami will stay inside the agreed strategy. The strategy is what the vault will sign. Coinshift co-signs sensitive operations on its Coinshift Prime and Coinshift High Yield vaults on exactly this basis, and Silo brought Gami in as managed vault provider on Avalanche under the same shared-governance model.

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The arrangement flexes to each partner's infrastructure, and to whose instance hosts it. On Stellar, Gami runs the earnUSDC and earnXLM strategies inside Upshift's own Fordefi instance rather than its own: the same shared, policy-enforced control, seen from the other side. On Flare's FXRP Yield Prime vault, Gami acts as strategy proposer through scoped Zodiac roles inside a Gnosis Safe operated by Spectra. In each case the principle holds: enforced, shared control, expressed in whatever architecture the venue runs on.

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4. Risk and execution, hardened end to end.

Custody answers who can move capital. Gami runs a dedicated investment-risk framework on top of Fordefi's controls: each vault carries a defined risk budget translated directly into policy, with exposure caps per protocol and asset, position limits, and approval routing sized to the mandate. Positions, collateral, and counterparties are monitored continuously in real time through Hypernative, and liquidity is managed against each vault's redemption profile rather than assumed. When a venue or counterparty comes under stress, the response is orderly action and clear communication to allocators.

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Gami also hardened the execution path itself. The team wired its own alerting into Fordefi's transaction monitoring, cross-checked against DeBank, so it confirms every transaction landed as intended, and it runs its own RPC nodes with failover, routing sensitive transactions through MEV-protected endpoints rather than leaving them exposed to sandwiching.

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5. Built for RWA yield across any chain.

RWA and DeFi-native strategies alike depend on keeping tokenized assets composable across lending markets, fixed-yield venues and liquidity pools. Composability is only an asset if it can be exercised safely, so Fordefi's pre-sign transaction simulation runs on every call before it clears, surfacing expected balance changes, approval chains, bridge routes and risk flags before execution rather than after. Coverage of 90+ networks, plus a bring-your-own-EVM path for chains not yet listed, lets Gami launch on a new venue in hours rather than weeks, every one inside the same per-vault policy framework, so stakeholders get the same protection from day one. Around-the-clock support and fast protocol labeling keep a lean, senior team moving without waiting on a vendor.

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By the numbers

• $55M+ in TVL across 14+ public vaults, verifiable on DeFiLlama
• Flagship gamiUSDC vault anchoring the stablecoin range
• Partnerships with leading blockchain foundations: Stellar, Flare and Hemi
• 4-tier transaction approval matrix, enforced cryptographically
• A dedicated, client-verifiable policy per vault, per mandate
• 6 years of DeFi and asset-management expertise on the founding team

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"We are seeing more protocols launch vaults with an outside curator running the strategy. It's a good model, and it puts two firms with separate reputations inside the same signing path. Gami's partners hold approval rights on the vault carrying their name, which is the kind of arrangement we built the policy engine to support."

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Josh Schwartz, Co-Founder and CEO, Fordefi

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About Gami Labs

Gami Labs specializes in DeFi, providing institutional on-chain asset management infrastructure with active curation, yield generation, and dynamic risk management. With deep DeFi expertise and network, we enable innovation in DeFi and facilitate access to opportunities through both decentralized and compliant paths, while maintaining the governance standards and regulatory compliance that institutions and asset managers require.

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Our mission is to make on-chain finance investable, secure, and accessible for everyone by building asset management infrastructure. Gami builds and monitors expert-level strategies backed by active risk management and institutional-grade security. We also serve as a deep liquidity reservoir to ecosystems through vault strategies that attract liquidity.

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X / Twitter: https://x.com/GamiLabs 

LinkedIn: https://www.linkedin.com/company/gami-labs 

DeFiLlama: https://defillama.com/protocol/yields/gami-labs 

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About Fordefi

Fordefi, now part of Paxos, is the institutional MPC wallet platform built for DeFi. Founded in 2021, Fordefi enables hundreds of institutions to operate securely on-chain through its combination of distributed key management, a granular policy engine, and broad multi-chain connectivity, safeguarding over $120 billion in monthly transaction volume. For more information, visit fordefi.com.