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GnosisDAO Governance Summary ~ 05 July 2024

EthCC in Brussels is less than a week away! If you're headed to the conference, you'll find Gnosis at the following events:

Real World Asset Summit

Gnosis is co-hosting the Real World Asset Summit with Centrifuge on July 9th in Brussels with talks by the GnosisDAO treasury management team, karpateky. The summit will host institutional investors and asset allocators, DeFi builders and founders, legal experts and policymakers to highlight the global state of tokenization.

Modular DeFi Day

Encode Club is a global community of top developers, professionals and talented students in Emerging Tech. ​Encode and Euler are co-hosting an awesome Modular DeFi Day during the EthCC week at the Brussels Hacker House by Encode! On Wednesday, July 10 Encode Club will host Gnosis co-founder, Stefan George for a panel discussion about Real World Assets. Module DeFi Day will explore topics such as stablecoins, cross-chain, scaling, lending, security MEV and a lot more!

Modular DeFi Day · Luma
Encode and Euler are co-hosting an awesome Modular DeFi Day during the EthCC week at the Brussels Hacker House by Encode! We’ll explore topics such as…
Encode Club

Flock.io's RenAIssance: Real Not-bluffing AI Summit

​Join Flock.io at RenAIssance: Real Not-bluffing AI Summit, where they honor the true pioneers and architects of decentralised AI.

​Flock.io will proudly showcase the most advanced decentralised AI technology with a focus on real-world applications and tangible products.

Gnosis Lab's LLM engineer, Evan Griffiths will speak at the event on Sunday, July 7. Flock.io seeks to decentralise training and value alignment. The ensure that AI objectives match the public’s ethics and societal aims, that decision-making falls to communities, and that usefulness is a top priority.

Gnosis Pay will be at the EthCC with a limited edition Gnosis Pay Card for all conference attendees! Grab your card today if you're headed to Brussels!

⚡ Snapshot ⚡

GIP-101: Should karpatkey and StableLab Establish a Delegate Program v0 for the GnosisDAO?

✅ Passed Quorum 14 June 2024

This proposal aims to prevent the GnosisDAO from encountering challenges related to reaching a quorum on its proposals, preventing the hindrance of effective decision-making and governance processes. This program is designed to improve quorum participation, increase community engagement and strengthen the governance processes of the GnosisDAO, leading to more effective and inclusive decision-making.

This proposal suggests electing ten delegates through a transparent and democratic election process to increase the DAO's ability to reach a quorum and enhance the community's participation in decision-making.

Each selected delegate will receive 5,000 GNO from the DAO Treasury, empowering them to represent the community's interests and contribute actively to the governance of the GnosisDAO. This delegation will last six months. This proposal distributes temporary voting power only.

GIP-102: Should GnosisDAO provide financing for the new GnosisVC ecosystem venture fund?

✅ Passed Quorum 02 July 2024

GnosisVC fund will raise a total of $40m, wherein GnosisDAO will invest $20m and the remaining $20m will be raised from external LPs.
GnosisVC will invest in early-stage projects to accelerate the development, adoption, and growth of DApps and fintech integrations strengthening the broader Gnosis Ecosystem.

GnosisVC fund will deploy into early-stage projects in line with the existing Gnosis 3.0 thesis with a focus on RWAs, Decentralized Infrastructure, and Financial Payment Rails as target verticals.
Fund Structure & Terms

The fund will be set up as a Cayman-exempt limited partnership with a term of 7 years (+ up to 2 years extension) and a 2/20 fee structure (2% management fees and 20% carry per industry standards).

The investment period will last for 3 years, with the expected schedule of the capital calls being ca. one-third of the total commitment to be paid in per year.

GIP-104: Should the GnosisDAO Enhance Awareness and Adoption of the Shutterized Gnosis Chain by Providing a Grant for Marketing Activities?

✅ Passed Quorum 03 July 2024

brainbot seeks a grant of 40,000 xDAI + 100 GNO from Gnosis DAO to expand our marketing campaign in support of the launch of Shutterized Gnosis Chain. Our goal is to amplify awareness of Shutterized Gnosis Chain and its benefits to end users - protection against malicious MEV and censorship. Our intended impact is to achieve widespread adoption - increase users and transactions on Shutterized Gnosis Chain. The two primary foci of these marketing activities will be 1) to hire and direct Wachsman, a PR agency to promote the launch and all activities around it and 2) to put a heavy focus on IRL events such as ETHCC, hackathons and various meetups.

The activities under this grant will run through Q3 and Q4 2024.

GIP-105: Should GnosisDAO support v2 Gnosischa.in Explorer hosted by beaconcha.in?

✅ Passed Quorum 04 July 2024

As some of you have seen on X, beaconcha.in has launched a beta for the v2 explorer. It introduces several new features, including real-time monitoring of up to 100,000 validators, the ability to group validators, and options to share custom dashboards.

Our next steps are to rework the notification system, introduce an account dashboard for transactions, new APIs, new mobile App and more.

Due to these upcoming changes, we stopped contributing to the v1 explorer codebase a few months ago. We expect to fully migrate to the v2 explorer sometime next year. Because of this, we would love to have Gnosischain on our v2 open source explorer.

🦉Gnosis Forum🦉

GIP-106: Should GnosisDAO Reinstate Full Rewards for Eligible GnosisVIP Validator Nodes?

⚖️ Voting Concludes 31 December 2024

This proposal aims to revisit and restore the original reward policy for the GnosisVIP event. The event’s initial rules allowed participants to set up validator nodes across 104 countries, with the first 10 nodes in each country being eligible for rewards. The original rules can be reviewed here.

GnosisVIP is getting concluded due to the retirement of Builders Team which launched this event. However, the team that took over the reward distribution decided to cut down the rewards for participants who run more than one validators, citing concerns about farming. The announcement can be found here 1.

Since there is no restriction in the rules against multiple validator nodes with unique IP addresses, and all those eligible validators contribute equally to geo-diversity in this event, this proposal seeks to ensure participants receive the full rewards as originally promised. This will maintain fairness and trust within the Gnosis community.

⚖️ Voting Concludes 11 July 2024


The GnosisDAO (the “DAO”) approved, with the successful passage of GIP-94, the establishment of a legal conduit, Gnosis Asset Holdings I Foundation, which was set up to onboard Centrifuge Prime (as described in GIP-94) and] to also hold other illiquid investments, including those made historically by the Gnosis Builders as described in GIP-96.

This proposal intends to seek a vote from the DAO to establish another legal conduit, the Gnosis Operations Foundation (the “Foundation”), to provide the DAO with an additional mechanism for executing work in a decentralized environment.

✍️ Gnosis is Hiring!

🦉 GnosisDAO

Freelancer, Full-time United Kingdom, Germany (Berlin), Gibraltar

Head of Growth

Freelancer, Full-time · Remote

🦉 Gnosis Chain

Discord Moderator

Freelancer, Full-time Remote

💳 Gnosis Pay

Financial Crime Analyst

Permanent employee, Full-time · United Kingdom

💿 Erigon Recruiting

Blockchain Core Developer (Erigon, Go)

Freelancer, Full-time · Remote

More info -> here

🙏 Thank you

Come say, hello in the Gnosis Chain Discord!

See you onchain!

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GnosisDAO