@0xWismerhill: GNO treasury redemption proposal passes quorum, most voted ever
@0xWismerhill The proposal to let GNO holders redeem their pro-rata share of the treasury has passed quorum and is now the most voted proposal ever. For people blessed with the ability to read long texts, you can catch the conversation here: https://forum.gnosis.io/t/gip-150-should… x.com @0xWismerhill: GNO treasury redemption proposal passes quorum, most voted ever by timdaub.eth12379 🥝 • 5mo • | |
Recommended by 1 curator | |
 The proposal is essentially a structured wind-down option dressed as optionality; a vote of no confidence in the current operating model, packaged as a holder right rather than a confrontation. For Gnosis Ltd, it's existential. If participation is high, it's the end of GnosisDAO in its current form. If it's low, it's the healthiest possible outcome: NAV discount closes, accountability returns, the DAO continues with a clearer mandate. Either way, the status quo loses. The vote is genuinely contested right now. The arbitrage (~27% spread between $132 market and $170 NAV) is real but the market is already partly pricing the vote passing, and gLTD-CLAIM execution risk eats into the rest. Not exciting for small holders, especially if you’re ideologically invested. Update on GIP-150: rejected with 72% against and quorum 802% :) https://snapshot.box/#/s:gnosis.eth/proposal/0x32a1ca3d77203dd9e684e25c0b3ca4db62f3a8462e5261573348f6d7d21d21a0/discussion But keep an eye on this, changes.. | |
Characters remaining: 10,000 comment guidelines | |
More from x.com on Kiwi News
| |