Proposals: GIP-90: Should Gnosis.eth update its ENS resolver to resolve .GNO domains on Gnosis Chain?
Vote:For
Rationale: We support this proposal to update the ENS resolver for .GNO domains on the Gnosis Chain because it helps enhance the utility and integration of the Gnosis ecosystem. By adopting the CCIP resolver developed in collaboration with SpaceID and DM3 protocol, we help streamline domain resolution on ENS, making it more efficient and less costly, and also open up new avenues for digital identity and application development.
Proposals: GIP-94: Should the GnosisDAO approve the “Gnosis Assets Holding I Foundation” for onboarding into Centrifuge Prime?
Vote: For
Rationale: We support the proposal to onboard the Gnosis Assets Holding into Centrifuge Prime, as it aligns with our view on treasury diversification. The expertise and proven track record of both the Centrifuge team and Karpatkey, especially their collaborative success in structures similar to what’s proposed here, give us great confidence in the robustness of this initiative. Karpatkey’s role, mandated by governance to make treasury investment decisions on behalf of the DAO, is vital. Their experience in managing DAO treasuries and executing investments responsibly adds a layer of professionalism and trust to the proposal. This move helps broaden Gnosis DAO investment horizon into real-world assets (RWAs) while also enhancing the treasury’s stability by incorporating stable, non-volatile yield sources like U.S. Treasury Bills through the Anemoy Liquid Treasury Fund. The comprehensive legal and operational groundwork, particularly the establishment of a Cayman Foundation Company as a legal conduit, ensures a secure, transparent, and efficient framework for the investments. Additionally, this initiative, backed by the skilled teams at Centrifuge and Karpatkey and supported by the governance services of Leeward Management Limited, represents a step forwards optimizing Gnosis DAO treasury’s growth and resilience, ensuring long-term value for Gnosis token holders.
Proposals: GIP-95: Karpatkey DAO Service Extension
Vote: For
Rationale: We support this proposal, buoyed by karpatkey DAO’s extensive track record in treasury management. Their stewardship has previously navigated GnosisDAO through complex DeFi landscapes, optimizing our treasury’s performance and contributing to our robust operational framework. Given karpatkey DAO’s proven competence in maximizing treasury efficiency and mitigating risks, We are confident that expanding their mandate will further fortify GnosisDAO’s position and propel GnosisDAO towards long-term sustainability and success.
Proposals: GIP-96: Should the GnosisDAO allow the legal conduit being set up to onboard Centrifuge Prime, to also hold other investments, including those made by the Gnosis Builders prior to their dissolution?
Vote: For
Rationale: We support this proposal, recognizing it as a continuation and expansion of the mandates established in GIP-94. This proposal is a logical progression in managing the DAO’s assets effectively, especially considering the dissolution of Gnosis Builders and the presence of illiquid investments that stem from that entity’s operations. By entrusting these investments to the Gnosis Assets Holding Foundation, we are ensuring a unified and focused management approach towards these assets while also leveraging an established legal framework that aligns with our broader goals for treasury diversification and risk management, as previously outlined in GIP-94. This approach guarantees that these investments are overseen with the utmost diligence and in a manner that is fully aligned with GnosisDAO’s interests, thereby safeguarding the DAO’s assets and optimizing their potential return.
Proposals: GIP-97 - karpatkey SafeDAO <> GnosisDAO Joint Treasury Delegation
Vote: Against
Rationale: We’re voting against this proposal due to critical concerns about the proposal, particularly the lack of clearly defined KPIs for treasury management and an overly high pricing model. The absence of specific KPIs and established processes raises significant risks of mismanagement and misalignment with the DAO’s strategic objectives, compromising operational transparency. Furthermore, the proposed 2% fee on Assets Under Management (AUM) annually far exceeds the industry norm of 0.5% to 1.0%, which could unnecessarily erode the treasury’s value over time.
Proposals: GIP-98: Should GnosisDAO invest in HOPR to kickstart development of GnosisVPN?
Vote: For
Rationale: We support this prposal as it represents a strategic investment in privacy and decentralization for Gnosis ecosystem. By partnering with HOPR to develop GnosisVPN, GnosisDAO would advances its positioning as a leader in resilient infrastructure and also enhances user privacy by eliminating reliance on centralized servers. This initiative promises to increase Gnosis’ appeal and utility across the web3 ecosystem, tapping into the growing VPN market.