GnosisDAO Governance Summary ~ 26 May 2023

Gnoseers ~

The other big news of the week was the successful Shapella upgrade on the Chiado testnet, taking place on the 24th of May, 2023 at Epoch: 244224! The hard-fork was successful, and withdrawals are now in progress. Additionally, the BLS credential changes are being processed. Exciting progress all around! The upgrade will happen on the Gnosis Chain mainnet in the coming weeks so stay tuned.

⚡Recent Snapshot Activity ⚡

GIP-86: Should the GnosisDAO commit to additional rETH usage in treasury operations? Voting Closes May 29, 2023

GnosisDAO / Chain has decentralization as its core ethos, focusing on a distributed validator set for the chain and an open DAO structure run by GNO holders. Despite this, our Treasury has nearly all of its staked ETH assets sitting with LIDO as stETH. Given the success of RocketPool Protocol in creating a massively decentralized validator set through rETH and RPL, this proposal recommends that Gnosis DAO commit to moving at least 50% of their stETH holdings to rETH holdings over time in order to support Ethereum decentralization and reduce single protocol and “bad actor” risk that comes from Lido’s limited node set (29 nodes vs Rocket Pool’s 2550 and growing nodes).

Come say hello in the Gnosis Chain Discord. Join us for the next GnosisDAO Community Call on June 8th at 3PM UTC / 5PM CET on the GnosisDAO Twitter Spaces.

See you on-chain,
GnosisDAO