Apr 3, 2024 5 min read

GnosisDAO Governance Summary ~ 03 April 2024

A significant batch of proposals are live on Snapshot and the Gnosis Forum. The GIPs on Snapshot are the final set of proposals that will grant the GnosisDAO the ability to diversify the treasury into real-word assets (RWAs).

HOPR published a proposal on the Gnosis Forum outlining the vision of GnosisVPN, a truly private and decentralized VPN on top of the HOPR mixnet! HOPR is a decentralized and incentivized peer-to-peer mixnet open to anyone who wants to join and run a node. Following the vision of Gnosis 3.0, HOPR is stepping up alongside successful projects such as Safe, CowSwap and karpatkey with a new product for the Gnosis ecosystem.

The initiative seeks support through a multi-year investment from the GnosisDAO. To strengthen Gnosis’ positioning as a leader in resilient web3 infrastructure, GnosisDAO would invest into HOPR to build GnosisVPN.

Exciting news!

Today, the HOPR Association is posting a major proposal to @GnosisDAO to align the HOPR and Gnosis ecosystems on their quest to boost resilience through privacy in web3
— HOPR 🟡 (@hoprnet) April 2, 2024

Amid the memecoin mania, remember web3 is here to build resilient infrastructure that empowers individuals. Nothing else matters. Few projects understand this as well as @gnosischain.

That’s why HOPR is proposing a major new product to pioneer privacy solutions in the Gnosis… https://t.co/jMQomCXnyP
— Sebastian | HOPR (@SCBuergel) April 2, 2024

Join us for an Ask Me Anything (AMA) with Sebastian Beurgel of HOPR on April 04, 2024 at 4PM UTC live on the GnosisDAO YouTube channel, the GnosisDAO X Spaces and the Gnosis Chain Discord. We will talk about GIP-98 and the launch of GnosisVPN!

As founder of the private data exchange infrastructure HOPR, Sebastian contributes to establishing full stack privacy for web3. He also co-founded two other technology startups: Validity Labs (blockchain education & services) and Sonect (fintech). Sebastian holds a Ph.D degree in Microtechnology from Swiss Federal Institute of Technology, ETH Zurich.

Join us for an Ask Me Anything (AMA) with @SCBuergel of @hoprnet!

We'll talk about GIP-98 / Gnosis VPN - Built on top of the @hoprnet mixnet!

🗓 April 04, 2024
📡 GnosisDAO Youtube Live
🔗 https://t.co/3X7gJefG9Y https://t.co/szdR1bPd8b pic.twitter.com/lNY3bpKXgy
— GnosisDAO (@GnosisDAO) April 2, 2024

🎟️ DappCon 2024 Tickets

All these developments indicate how Gnosis Chain is being used across different areas. If you find yourself in Berlin this spring, joins us at DappCon, hosted by Gnosis, on the 21st to 23rd of May to learn more!

DappCon is a great chance to learn from the best, enjoy the Berlin atmosphere in spring, and get eye balls on your project!

🗓️May 21-23, 2024
📍Berlin

Secure your ticket TODAY!

🎟️https://t.co/ayy8D46HDL pic.twitter.com/Na0J9bmtOB
— DappCon Berlin (@dappcon_berlin) March 14, 2024

⚡ Snapshot ⚡

GIP-94: Should the GnosisDAO approve the “Gnosis Assets Holding I Foundation” for onboarding into Centrifuge Prime?

Voting concludes April 10, 2024

This Proposal is an Update to GIP-91

Centrifuge is pleased to announce the successful snapshot vote on GIP-91 which brings GnosisDAO a large step closer in its ability to diversify the treasury into real-word assets (RWAs). Centrifuge received an overwhelming 96.99% of the governance vote in the snapshot that closed on January 29th. The proposal targeted initial allocations of $10m USD into Centrifuge Prime, through pools such as Anemoy LTF, New Silver, and other available pools.

Since then, the Centrifuge team has been progressing with the operational and legal next steps to ensure a smooth onboarding process. The legal docs, both the MoA and AoA (attached to this post) define the critical processes and structure of a Cayman Foundation Company, which will serve as the RWA Legal Conduit we describe in GIP-91. A summary of such processes and structural matters are set out in this post below, but please refer to the legal docs for more detailed information.

GIP-95: karpatkey DAO Service Extension

Voting concludes April 10, 2024

After the approval of GIP-20 4 and GIP-58 5, at karpatkey DAO we have been working steadily on the management of GnosisDAO’s treasury. Similar to other treasuries we manage, we have seen the interest of DAOs to diversify their treasuries by adding exposure to real world assets (“RWA”) as well as interacting with real world entities for services in the interest of GnosisDAO.

We therefore propose that the scope of the treasury management services as carried out presently, be expanded to cater for the possibility to invest in RWA.

GIP-96: Should the GnosisDAO allow the legal conduit being set up to onboard Centrifuge Prime, to also hold other investments, including those made by the Gnosis Builders prior to their dissolution?

Voting concludes April 10, 2024

With the Dissolution of the Gnosis Builders, the bulk of the funds as approved under GIP-38, and not yet spent, have been returned to the DAO. Some investments are, however, currently illiquid as they were invested by the Gnosis Builders in early stage projects. Such investments inherently carry a lesser degree of liquidity, and may contain conditions relating to vesting, lock-ups, future delivery obligations (e.g. upon the occurrence of a token generation or other trigger event) etc…

This proposal intends to seek a vote from the GnosisDAO to enable the legal conduit, Gnosis Asset Holdings I Foundation (the “Foundation”), which is being set up to onboard Centrifuge Prime as described in the update to GIP-91 posted here as GIP-94 3, to also hold other illiquid investments, including those made historically by the Gnosis Builders.

🦉Gnosis Forum🦉

GIP-97 - karpatkey SafeDAO <> GnosisDAO Joint Treasury Delegation

With the SafeDAO having achieved all milestones laid out in SEP #3 and approaching its token transferability, we propose to delegate treasury management of the joint SafeDAO <> GnosisDAO treasury to karpatkey.

This proposal is being passed in duplicate through Safe governance: [Draft] karpatkey - SAFE DAO Treasury Management Core Unit - Phase 1: Draft - Safe Community Forum. With the passing of this proposal, GIP-97, GnosisDAO shall vote favourably on the corresponding SafeDAO proposal.

GIP-98: Should GnosisDAO invest in HOPR to kickstart development of GnosisVPN?

To strengthen Gnosis’ positioning as a leader in resilient web3 infrastructure, GnosisDAO would invest into HOPR to foster Gnosis’ focus on privacy. HOPR would then build Gnosis VPN, a truly private and decentralized VPN on top of the HOPR mixnet. To increase Gnosis DAO’s oversight, this effort will be split into two: this proposal and a follow up proposal for further development after initial work has been presented within 9 months.

Within the framework of this first proposal, HOPR would build a set of VPN (virtual private network) libraries for privately relaying HTTP calls and responses and a proof of concept Gnosis VPN browser extension. Working over the HOPR mixnet, this first extension will give users fully metadata-private access to a set of predefined Gnosis Dapps from their web browsers. In particular, this will allow users to interact with a full suite of crypto services without revealing their IP address or geolocation to the respective web servers.

These libraries and proof of concept browser extension would be supported with an investment of $1.5m to form the basis for GnosisVPN, a fully decentralized VPN service tailored to web3 users. The scaling and UX work needed to bridge these two versions would be the subject of a future proposal, contingent on the successful completion of the deliverables in this proposal.

In addition to the product development, GnosisDAO will receive HOPR tokens at a 30% discount on the 90-day $HOPR TWAP, ending on the day the proposal passes for their $1.5m investment.