GIP-100: Should Gnosis DAO conduct a large-scale buyback program?
AI summary of the linked articleThanefield 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. |
1 comment  timSubmitter Really interesting, I basically imagine that this pressure to pump GNO now automatically happen each time when ETH appreciates in value as the DAO could always just buy back GNO for ETH to mark the book value back to market |