GnosisDAO Governance Summary ~ 31 January 2025
As Gnosis advances its vision of full-stack decentralization, the DAO has approved a significant treasury proposal (GIP-116) proposed by karpatkey that includes one of the largest GNO burns to date. The proposal's centerpiece - the burning of 3.15M GNO tokens from the vesting contract - represents a meaningful step in GnosisDAO's commitment to sound tokenomics.
The decision for this GNO burn was mandated almost three years ago when GIP-35 fostered a commitment to a total supply of just 3M GNO—a 70% decrease from the original total. However, as 80% of the supply was locked into an 8-year vesting contract in November 2020, it was not possible to execute the planned burns all at once. GIP-116 reflects the latest efforts to follow through on this mandate, bringing the total burned close to 4M GNO and past the halfway mark.
Beyond the GNO burn, GIP-116 encompasses several strategic treasury operations that strengthen the DAO's position which karpatkey will execute:
- Claiming accumulated rewards including Gelato (GEL) tokens and COW tokens from VCOW
- Strategic management of DeFi positions, including WETH withdrawals from Aave
- Asset consolidation, transferring FRAX, COW, WBTC, and stETH to the treasury
- Infrastructure improvements with the creation of delegates.gnosis.eth subdomain
The delegates.gnosis.eth subdomain creation supports recent governance improvements outlined in GIP-112, enhancing the DAO's ability to coordinate effectively.
This treasury action comes at a pivotal moment for Gnosis. As we scale our consumer-facing applications while maintaining our commitment to decentralized infrastructure, efficient treasury management becomes increasingly crucial. The substantial GNO burn demonstrates our continued focus on long-term sustainability and value alignment across the Gnosis ecosystem.
Major GnosisDAO Update: The DAO just approved @karpatkey's GIP-116, which follows through on the earlier GIP-35 with one of our largest token burns ever - 3.15M GNO 🔥 pic.twitter.com/SX7q6s3Ut2
— Gnosis (@GnosisDAO) January 30, 2025
Additionally, the GnosisDAO has made significant strides in governance and treasury management with the recent passing of GIP-120.
With GIP-120, the DAO has officially approved the $7M–$8.95M acquisition of Headquarters (HQ.xyz) to accelerate Gnosis 3.0. This acquisition aligns HQ’s growth with Gnosis’s ecosystem, enabling tighter integration with Gnosis Pay, expanding Gnosis’s presence in Asia, and ensuring long-term value accrual to the GNO token through structured token vesting.
As always, join the discussion on our forum and Discord to help shape the future of Gnosis & check out our new DAO resources!
GIP-120 passed on Snapshot 🟢
— Gnosis (@GnosisDAO) January 23, 2025
Should GnosisDAO acquire Headquarters (https://t.co/uBINS4kJKA) to Accelerate Gnosis 3.0
👇https://t.co/tNukeP6evx
🧑🏾💻⛓️Events & Hackathons
🇵🇹 Join Us: Gnosis Lisbon Meetup
Start 2025 with the Gnosis community in Lisbon! We're hosting an evening of authentic conversations and connections with some amazing speakers:
🔥 Featured Speakers:
- A fireside chat with @pet3rpan_ from @1kxnetwork and the Gnosis team
- Nuno Loureiro from the Ethereum Foundation sharing his design journey
- @SimaoCCruz from @Lightshift_xyz Capital offering unique Web3 perspectives
📅 Details:
- Date: February 6th, 2025
- Time: 6:00 PM - 10:00 PM
- Location: Lisbon, Portugal
- Refreshments provided! 🍷
No pitches, no shilling - just good conversation with like-minded people in Web3. Whether you're a blockchain veteran or just curious about the space, you'll find your community here.
🎟️ RSVP: https://www.meetup.com/gnosis-ethereum-meetup/events/305715463/
Gnosis Lisbon Meetup - New year, new beginnings!
— Gnosis (@GnosisDAO) January 28, 2025
Join us for an evening of great conversations, insights, and connections.
No pitches, no shilling - just good conversation and like-minded people.
When: February 6th, 2025
Time: 6:00 PM - 10:00 PM
Where: Lisbon, Portugal
We’ve… pic.twitter.com/BaJu85KKE6
🎙️ Gnosis Pay: Building Global Banking Infrastructure
Don't miss this insightful BigWhale podcast episode featuring Gnosis co-founder Martin Köppelmann interviewed by Louis Tellier. They dive deep into:
- The vision behind Gnosis Pay's Visa card launch
- Our strategy to connect with banking systems worldwide
- The future of decentralized payments
This conversation offers valuable insights into how Gnosis Pay is bridging traditional finance with Web3 technology. Listen to learn about our journey since the Summer 2023 Visa card launch and our plans for global expansion.
[PODCAST] "Our goal is to connect @gnosispay to all banking systems worldwide"
— Louis Tellier (@Louis_Tellier) January 23, 2025
I interviewed @koeppelmann in @TheBigWhale_ to learn about the strategy of the @gnosischain, which launched its payment card (Gnosis Pay) with @Visa in the summer of 2023👇
👉 Available for… pic.twitter.com/H2lZntpOHM
✍️ Gnosis is Hiring!
🦉GnosisDAO
Ecosystem Growth Associate
Freelancer, Full-time · Remote, Germany (Berlin), Gibraltar, Portugal
💳 Gnosis Pay
Senior Software Engineer
Freelancer, Full-time · Remote
Product Manager - Onboarding
Permanent employee, Full-time · Portugal, United Kingdom, Brazil
🙏 Thank you
To get more involved in the Gnosis ecosystem, explore the links below!
Gnosis Discord
Gnosis on X
Gnosis YouTube
Gnosis Forum
Gnosis Chain Docs
Gnosis Pay
Metri
Circles
Hashi
Gnosis AI