Dear Gnosis Community,
We are excited to announce that Gnosis DAO is entering a market-making agreement with a leading professional market maker firm. This strategic move aims to increase GNO’s liquidity on centralised exchanges (CEXs), and ensure that token holders and potential investors enjoy deeper order books, reduced slippage, and better price stability when trading GNO.
Why is this important for Gnosis DAO?
As a DAO committed to fostering innovation and decentralisation, we also recognise the importance of liquidity on centralised exchanges, which serve as a vital entry point for users into the ecosystem. A liquid market benefits all participants by:
- Reducing Price Volatility: Better liquidity means that large trades can happen with minimal price impact, offering more stable pricing for GNO.
- Improving Trading Experience: Traders will experience tighter spreads, less slippage and more execution flexibility, ensuring that buying and selling GNO on CEXs becomes more efficient.
- Attracting More Participants: Greater liquidity encourages more participation from market makers, traders, and other stakeholders, ultimately expanding the Gnosis ecosystem.
Who are we partnering with?
After careful consideration, we have partnered with a reputable firm specialising in crypto market making. They bring years of experience enhancing liquidity across various exchanges and have a track record of improving trading conditions for different digital assets.
Key Objectives of the Agreement:
- Increased Liquidity: The market maker will provide consistent liquidity on multiple CEXs, ensuring greater depth of buy and sell orders at various price levels.
- Stability & Lower Slippage: By ensuring a more stable order book, the agreement will help reduce price slippage during trades, improving the overall experience for traders.
- Broader Exchange Coverage: This partnership will ensure that GNO has a strong presence across several major CEXs, helping us reach a wider audience and increase adoption.
Next Steps
We will work closely with our market-making partner to ensure a smooth implementation of this strategy. In the coming weeks, you may notice improved liquidity on key centralised exchanges where GNO is listed. This is just one of the many initiatives Gnosis DAO is exploring to enhance the overall utility and accessibility of the GNO token.
We value your feedback and engagement, and we will continue to keep the community updated on the progress of this initiative.