GNO has performed well over the past few days, and could be an interesting play given its relative valuation...On the other hand, the Gnosis ecosystem is saturated with tokens: GNO, XDAI, SAFE, COW; has never been...
3m Supply: Continuing a proposal we highlighted in a previous issue, Gnosis is voting on burning the GNO...Treasury GNO represents 70% of the total supply, and the burn will reduce the supply of GNO to 3m....It also allocates $20m and 50k GNO for its operations company....The DAO added BNB, CAKE, and GNO.
...is vesting from the original GNO sale....The team allocated this GNO to the DAO treasury....The post also posits that the burn would empower existing GNO holders, and better aligns the GNO supply...Even a Gnosis team member echoed that the DAO will likely not need more than 3m GNO.
...is vesting from the original GNO sale....The team allocated this GNO to the DAO treasury....The post also posits that the burn would empower existing GNO holders, and better aligns the GNO supply...Even a Gnosis team member echoed that the DAO will likely not need more than 3m GNO.
On Ethereum: COW & BAL rewards are fixed over 12 weeks, GNO rewards might be adjusted on a weekly...On a weekly basis, each pool is rewarded with 30K COW, 200 BAL and 30 GNO....Over 12 weeks, there will be 240K COW (20K per week), 350K SWPR and 64 GNO rewards.
Locked GNO Vote: As the title suggests, this proposal gives locked and staked tokens governance power...The proposal would allow users with locked GNO to yield farm and participate in governance....This update accounts for GNO on mainnet ETH and Gnosis Chain....Gnosis Incentives: This proposal would disburse 50k GNO for incentives on Gnosis Chain.
The Gnosis DAO community is deciding on whether or not to burn 715k GNO vested to the DAO....According to the proposal, this is being considered to better decentralize the supply of GNO.
The Gnosis DAO community is deciding on whether or not to burn 715k GNO vested to the DAO....According to the proposal, this is being considered to better decentralize the supply of GNO.