The 2 main bridges:
and Omni Bridge:
together currently hold >$100m in stable coins. Before the merge of xDAI and Gnosis the bridges have been modified in a way that unused capital started to earning interest by putting it into the Aave protocol: Dune Analytics
This adds a nice additional source of income for the chain but also adds additional risk to the users of the bridge that they might not even be fully aware of. This proposal aims to bring additional value to both: users of Gnosis Chain and GNO token holders:
The idea is simple: Gnosis DAO will start to offer insurance to funds in the bridge. Meaning, if there is a loss of funds trough either a problem with the bridge itself or underlying mechanisms (like an issue with Aave) Gnosis DAO will compensate users.
The concrete suggestion: use 200k GNO from the GNO vesting contract and send them to a newly created Gnosis Safe as a reserve. Those GNO should only be touched in case of a severe loss that users face from an issue with the bridges. Longterm it is thinkable to even put those GNO partially under external control (e.g. Kleros court).
At the same time: start using all proceeds from the bridge to buy back GNO which should be send to this insurance address. Longterm it is also thinkable to complement the insurance coverage with external insurance providers like Nexus Mutual. At the moment, given the market cap of GNO and the treasury of GnosisDAO it seems possible for GnosisDAO to offer this insurance independently at this point.