GIP-125: Gnosis Pay Loyalty & Cashback Program v2
- In Favour
- Against
GIP: 125
title: GIP-Draft: Gnosis Pay Loyalty & Cashback Program v2
author: MaCos
status: Draft
type: Meta
created: 2025-04-30
duration:
funding:
Gnosis Pay Loyalty & Cashback Program v2
Sustainability, Long-Term Holding, and NFTs as Access Passes
Abstract
We propose a structural revision of the Gnosis Pay cashback program based on three key principles: economic sustainability, long-term user loyalty, and transparent user onboarding.
This proposal introduces USD-anchored entry levels (converted to GNO at the time of access), NFT-based access passes, weekly snapshots to enforce GNO holding, and cashback distribution via expiring tokens.
All mechanisms are designed to be fully implementable on Gnosis Chain, supporting DAO governance and sustainable growth.
Motivation
Crypto card cashback programs often suffer the same fate: they attract short-term āfarm-and-dumpā users, quickly deplete funding, and offer little lasting value to the DAO.
Gnosis Pay has a unique opportunity to stand out with a rewards structure that prioritizes loyalty, protects the treasury, and promotes meaningful GNO holding over time.
Specification
1. USD-Based Cashback Access via NFT
- Entry to the cashback program is based on USD amounts, not fixed GNO quantities.
- Users select a tier (e.g. $500, $1000, $2500), and the required GNO amount is calculated at the current exchange rate.
- Upon entry, users receive a soulbound NFT that:
- Grants the assigned cashback percentage (e.g. 1%, 2%, 3%)
- Locks in the required GNO amount, which must be held continuously in the same wallet.
If the walletās GNO balance drops below the required level:
- The NFT is automatically burned.
- Cashback rights are immediately revoked.
- Users must restart the process from scratch using the current GNO/USD rate.
2. Cashback as Expiring Token
- Cashback is distributed in the form of a non-transferable expiring token, pegged to the value of GNO at the time of issuance.
- The expiration period depends on the portion of cashback earned:
- First $10 per week ā 12-week expiry
- Next $5 ā 6-week expiry
- Additional $5 chunks ā 3-week expiry
Early redemption penalty:
- Redeeming before expiry incurs a value loss, e.g. 30% if withdrawn halfway.
- Burned value (unlocked early) is redirected back into the DAOās cashback pool.
3. Dynamic Cashback Cap Based on Card Usage
- Users begin with a monthly cashback cap of $20.
- If the user makes 20+ transactions in a month:
- Their monthly cap increases by $5 for the next month.
- The cap can grow up to $50.
- If the user makes fewer than 20 transactions, their cap decreases by $5.
4. Weekly GNO Holding Snapshots
- Weekly on-chain snapshots check if users still hold the required amount of GNO for their NFT level.
- Consecutive weeks of holding build up a loyalty bonus:
- 4 weeks ā +0.1%
- 16 weeks ā +0.2%
- 32 weeks ā +0.4%
- 64 weeks ā +0.6%
- If the holding requirement is broken, the bonus is lost and resets to zero.
5. Existing NFT Rewards
- Legacy NFTs that grant a +1% cashback bonus remain valid and stackable with the new structure.
Tables
Cashback Entry Levels
USD Value | % Cashback | GNO Required (example GNO = $200) |
---|---|---|
$500 | 1% | 2.5 GNO |
$1000 | 2% | 5 GNO |
$2500 | 3% | 12.5 GNO |
Monthly Cashback Cap
Monthly Card Usage | Max Cashback Next Month |
---|---|
< 20 tx | -$5 |
ā„ 20 tx | +$5 |
Absolute Max | $50 |
Benefits
- Sustainable: Cashback distribution is gradual, conditional, and aligned with actual card usage.
- Stable onboarding: GNO entry requirements are anchored in USD and consistent across users.
- Loyalty-focused: Long-term GNO holders receive increasing benefits.
- Flexible yet secure: Early redemption is allowed, but not optimal.
- Fully on-chain: All components (NFTs, tokens, snapshots) can be implemented on Gnosis Chain.
Conclusion
This proposal outlines a robust, transparent, and forward-thinking cashback system for Gnosis Pay.
It rewards loyal users, aligns incentives with GNO holding, and protects the DAO treasury through conditional mechanics.
We invite the Gnosis DAO to support and refine this sustainable model for long-term adoption.
Gnosis Snapshot
Phase 2 Proposals: Please ignore this section, and leave as is. It is used for Phase 3 proposals.
Phase 3 Proposals: Add a link to the corresponding Gnosis Snapshot poll youāve created.