Best of forum.gnosis.io on Kiwi News
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22 stories from forum.gnosis.io have been shared on Kiwi News since 16 February 2024, with 63 upvotes and 16 comments in total. The latest was shared on 1 September 2026. They are listed below, most upvoted first.
Text under a title is an AI summary of the linked article.
- Introducing Gnosis 3.0
Gnosis announces Gnosis 3.0, a phase focused on payments and open financial infrastructure, with projects connected by the GNO token. The company says it has moved from a prediction market platform (Gnosis 1.0, started in 2015) through Ethereum infrastructure (Gnosis 2.0) and now aims to make decentralized financial tools accessible to everyday users. Its in-house ventures include Gnosis Pay, Circles, Gnosis Wallet and Hashi, and Gnosis Wallet is described as an onchain neobank. The post also says agent-to-agent payments are a significant share of payments on Gnosis Chain, with 10k-20k weekly payment transactions for Autonolas alone.
- Maker migration, impact on Gnosis Chain
LaJota raises concern that USDS, which replaced DAI after MakerDAO became Sky, has a freeze function that can block wallets and smart contracts, conflicting with Gnosis Chain's decentralization and permissionless use. The post asks whether a wallet frozen on Ethereum mainnet would also be unable to pay gas fees on Gnosis, since the DAI and xDAI contracts are the same, and whether USDS now resembles USDT. It notes that USDS access is banned in the US and UK and says the impact may be nothing, but calls the discussion important because the token serves as Gnosis's gas token.
- Introducing Gnosis 3.0
Gnosis has announced Gnosis 3.0, a phase focused on payments and open financial infrastructure, with a collective of aligned projects connected by the GNO token. The post says Gnosis 2.0 centered on Ethereum infrastructure, including Gnosis Safe, CoW Swap and Gnosis Chain, and that Gnosis 3.0 shifts toward applications for everyday users. Its four in-house payments and financial ventures are Gnosis Pay, Circles, Gnosis Wallet and Hashi, with Gnosis Wallet described as a planned onchain neobank. The post also cites Autonolas, which it says has 10k-20k weekly payment transactions on Gnosis Chain.
- The Economic Case for Gnosis Chain
Gnosis Chain's current economics are weak, and the proposal is to turn it into the first network compatible with the Ethereum Economic Zone (EEZ), an initiative led with Zisk and co-funded by the Ethereum Foundation. The chain collected about $105,000 in fees over the past 12 months, against operating costs of $7-10 million a year, while Base generates around $68 million and Arbitrum around $20 million annually. The proposal would move Gnosis L2 onto Ethereum settlement with block times near one second, and reaching half of Arbitrum's current fee revenue would close the gap. A GIP on whether to formally join will follow.
- Proposal to create a 1-4% cashback program for Gnosis Pay benefiting GNO holders
This GIP-110 proposal asks the Gnosis DAO to create and fund a Gnosis Pay cashback program with 10,000 GNO for GNO holders. Cashback runs in five tiers from 1% to 4%, based on the GNO held in a user's Gnosis Pay Safe during the week of payment, with an extra 1% for Gnosis Pay OG NFT holders. Karpatkey would administer the program, distributing rewards weekly 5 to 12 days after each payment, with monthly spend capped at EUR 20,000, USD 22,000, or GBP 18,000. The proposal states that a trial week would begin August 19 with the program starting August 26 if approved.
- Should GnosisDAO establish bug bounty coverage for client code?
A proposal asks whether GnosisDAO should extend bug bounty coverage to Gnosis Chain execution client code and pay $100,000 for a disclosed EIP-7702 censorship bypass. The bypass was disclosed privately to the Gnosis Chain security team on November 5, 2025, during the Balancer exploit, and a second soft fork addressing it was deployed on November 7. The proposal states that $5,308,954.42 was recovered when the hard fork executed on December 22, 2025, and that the $100,000 request is about 2% of that amount. It also notes that the current Immunefi bounty covers only the AMB and Omnibridge contracts.
- GNO-Backed Credit for the Gnosis Treasury
Vojta from OWN proposes a permissionless lending facility where GnosisDAO would lend stablecoins to GNO holders on fixed-rate, five-year, overcollateralized terms, with borrowers locking GNO worth twice the loan amount. A $1 million example assumes a 7% APR and fully amortizing monthly payments of $19,802, returning $188,072 in interest over five years if all payments are made as scheduled. Vojta describes this as an initial design for discussion rather than an allocation proposal, seeking feedback on facility size, return target, LTV and structure. Listed risks include a major GNO price decline and increased treasury correlation with GNO.
- GIP-120: Should GnosisDAO acquire Headquarters (HQ.xyz) to Accelerate Gnosis 3.0
GIP-120 proposes that GnosisDAO fully acquire Headquarters (HQ.xyz), an onchain business account, through an equity-to-token swap funded with GNO and SAFE from the DAO treasury, to be rebranded Gnosis HQ. The proposal lists 11,422 GNO and 926,263 SAFE upfront, with further deferred GNO and SAFE tranches over two and four years and a performance-based tranche, plus USD 6 million in working capital paid over at least two years. The proposal's co-founders are Sharon Paul and Sunny Singh, and it argues the acquisition will expand Gnosis into business payments and Asia. The text notes that the proposal has since been revised.
- GIP-153: Should Gnosis Chain transition into the Ethereum Economic Zone?
GIP-153 asks GnosisDAO to align on transitioning Gnosis Chain from a standalone Layer 1 into a ZK-proven Ethereum Economic Zone (EEZ) rollup instance that settles natively on Ethereum, replacing its treasury-funded staking subsidy with fees from network activity. The proposal states that Gnosis Chain's original value of credible neutrality did not provide enough differentiation, and that Gnosis dilutes non-stakers by roughly 2.3% a year. The first iteration, targeted for genesis around the turn of 2026/27, gives synchronous composability with Ethereum mainnet and is operated by Gnosis Ltd, with sequencing centralized at launch. No funds are requested; the GIP seeks alignment on direction only.
- GIP 152 - Should GnosisDAO spin out the Gnosis App into an independent company?
Deep Shah proposes spinning the Gnosis App out of Gnosis Ltd into an independent company led by the team that built it, with GnosisDAO investing $1.5M cash and contributing the app's product and IP valued at $1M for a $2.5M SAFE position at a $10M post-money cap. The app has not yet found product-market fit, with about 800 weekly active card users and roughly $15.5M in all-time card payment volume as of end of Q2 2026, and the proposal argues that a separate structure would give it the speed to iterate. The $1.5M is described as funding 18-24 months, with the DAO's stake carrying a minimum 25% ownership and no vesting.
- Balancer hack: claim process
Gnosis Chain has secured roughly $9.4 million drained from it in the November 3, 2025 Balancer V2 exploit, which took about $120–128 million across multiple chains. The response was an emergency soft fork that froze the stolen funds, followed by a hard fork on December 22, 2025 that transferred control of them to a DAO-controlled Safe multisig. Affected users can claim recovered tokens through a Merkl-powered claim page after a review period for a published CSV of addresses and amounts. The claim page includes an optional donation slider, defaulting to 5%, for teams that worked on the recovery.
- Balancer hack: hard fork
Gnosis Chain contributors, validators and stakeholders are preparing a hard fork intended to create a technical path for the potential return of stolen funds after the Balancer exploit affecting Balancer-managed contracts on Gnosis Chain. Node operators have 10 days to update to the new releases, and the fork is set to activate at 16:11:40 UTC on December 22nd, with nodes not following the majority-stake chain facing penalties. The team says it is focused on enabling funds to be recovered by Christmas, and it has delayed the Fusaka hard fork, now planned to execute on Chiado before Christmas and on mainnet in the new year.
- Balancer hack: second update
Gnosis describes a set of emergency actions it took after the Balancer hack, with the stated aim of reducing risk and buying time for its DAO to decide next steps. The actions were restricting major bridge outflow limits to stop funds leaving the chain, executing a soft fork to block stolen funds while normal operations resumed, and then removing the outflow limits to reopen the bridges. Gnosis says it will share its learnings and put the decision on whether to execute a hard fork to a DAO vote, and it also plans to propose principles guiding how chain infrastructure should react in future challenges. The post thanks the teams at Balancer, StakeWise, Monerium, Nethermind, Erigon, validators, and Gnosis Chain core developers.
- Balancer hack: Update
Gnosis Chain's validators adopted a soft fork that freezes funds stolen in the Balancer exploit, which drained roughly $128M across multiple chains, including about $9.4M on Gnosis Chain. Monerium froze the compromised EURe balances, and a similar measure was explored with Stakewise for osGNO, together protecting over €3M. The soft fork, which uses a client that refuses to attest to blocks moving the hacker's balances, was implemented after over 50% of validators voted in favor, and redistributing the funds will require a future hard fork.
- GIP-100: Should Gnosis DAO conduct a large-scale buyback program?
Thanefield Capital, a crypto fund holding GNO as an investment, proposes that Gnosis DAO run a six-month, $30 million buyback program for GNO, about 5% of the DAO's estimated assets. The proposal argues GNO trades 42% below its book value of $475, with a market cap of about $424 million against an estimated $730 million in assets. The program would split $15 million into a CoW-TWAP order strategy that buys below dynamically calculated book value, and $15 million under discretionary execution by Karpatkey.
- Market for the impact of proposal GIP-149 passing on the price of GNO
Rosco Kalis proposes that Gnosis DAO fund $20,000 for 12 months of continued support for Revoke.cash, a free, open-source tool that lets users inspect and revoke smart contract approvals. The proposal says Revoke.cash has over 200,000 monthly users across all chains and has prevented over $140 million in potential losses. On Gnosis Chain, where it has operated since 2021, the proposal reports about 1,000 monthly active users and roughly $900,000 in prevented potential losses. The grant would cover infrastructure, maintenance, security guides and educational content, with success measured by Gnosis Chain users, approvals viewed and revoked, and estimated prevented losses.
- Update on GIP-143: kpk executing the full 14-day handover to GnosisDAO
GIP-143 proposes terminating karpatkey's treasury management services for GnosisDAO, effective immediately upon passage, with a 14-day transition period. The proposal states that no further payments are to be made to, or retained by, karpatkey. Under the specification, karpatkey would provide a complete handover and document all positions, strategies, and access controls within 14 days, and all assets would return to direct DAO control, withdrawn from karpatkey-affiliated products such as kpk Morpho vaults and kpk vaults. The implementation section calls for revoking all Safe signer permissions held by the karpatkey team and ceasing new treasury operations upon passage.
- xDAI bridge migration is completed
Gnosis Chain proposes replacing the sDAI held in its xDAI bridge on Ethereum with sUSDS to capture a higher yield, according to GIP-118, a draft by Philippe Schommers. The proposal says the Sky Savings Rate is typically 1% higher than the DAI Savings Rate, with the SSR at 12.5% and the DSR at 11.5%. The upgrade would also add support for depositing USDS alongside DAI, and withdrawals would switch from DAI to USDS. The proposal notes the trade-off that USDS has a blacklist function, which DAI lacks, and it flags possible effects on smart contracts that rely on receiving DAI from the bridge.
- update on the Gnosis Pay GNO Cashback Programme
Gnosis DAO proposal GIP-131 would continue and update the Gnosis Pay cashback programme first approved under GIP-110, raising reward rates and tying weekly eligible spend to GNO holdings. Cashback rises from a 4% maximum to 8%, with an extra 1% for OG NFT holders (9% maximum), and the eligible GNO holding increases from 100 to 1,000 GNO. The programme has a 5,000 GNO budget, which the proposal estimates will last 5–8 months, and the Gnosis DAO Operational Foundation administers it, with kpk as operator.
- Hashi on Gnosis Canonical Bridges ends Maintenance
The Gnosis Bridges Team announced that Hashi, the cross-chain security integration for Gnosis Chain's canonical AMB (Omnibridge) and xDAI bridges, is being deprecated, with active maintenance ending by 22 August 2025 and the Hashi validator removed from the bridge UI by 29 August 2025. The integration, approved by GnosisDAO under GIP-93 on April 2, 2024, is being discontinued because no further GnosisDAO funding has been allocated. Hashi's server infrastructure will be shut down and the deployed components will be feature-frozen, while the canonical bridges continue to operate under their original 4-of-7 multisig validator model. Users do not need to take action, but Hashi-related features are now unsupported and offered "as-is."
- Karpatkey 2024 Review for GnosisDAO
Karpatkey's 2024 review for GnosisDAO reports that the DAO's treasury, which it manages, grew from $405 million at the start of 2024 to $732 million by year end. The increase of $327 million includes $256 million from changes in the market value of curated assets, $61.9 million in operations results, and $9.2 million in DeFi results. The report also says Gnosis Chain's DeFi total value locked rose from $223 million to $342 million over the year, and that the DAO bought $26.4 million of GNO in 2024 under the GIP-100 buyback programme.
- GIP-92: Should Gnosis DAO spin-off karpatkey DAO and deploy the KPK Token?
GIP-92 is a proposal for GnosisDAO to spin off karpatkey DAO and have karpatkey deploy a KPK governance token, with GnosisDAO receiving a 5% airdrop allocation that would bring its total stake to 7.5% of the fully diluted supply. The author, karpatkey, presents itself as the leading active DAO treasury manager, citing its roles for GnosisDAO, Balancer, dYdX, ENS, and others, along with +7000 DeFi interactions and over $900m in protected treasuries. A later update replaced a proposed $2.5M GNO-KPK swap with a $2.5M USDC investment, and karpatkey said it would spend 10% of its revenue over 12 months buying GNO. A December 2024 update recommended that GnosisDAO defer investment in karpatkey's 1Q 2024 funding round to prioritise Gnosis Chain and Gnosis Pay.