Just to clarify. I meant launching a NEW token in a bearish market is unhelpful. Bull markets give a natural tailwind to price. It also means more people know about you. In bear markets, fewer people are paying attention.
Agree that locking GNO should not be based on market conditions.
I like the idea of Ve assets. Personally, I would “convert” 1 locked GNO for 4 years = 4 veGNO (or even 400 veGNO) (EDIT: I just meant that psychologically, bigger numbers feel better than fractions. I know the value doesn’t change)
A question: As for liquidity, what happens if the GNO price starts deviating significantly from ETH. Currently, we trade as if we only hold ETH (1 GNO = 0.1 ETH). But as our projects spin out (cowswap, safe, etc), is it possible that GNO price will no longer be anchored to ETH?
To be honest, personally I have never had much success when I have provided passive liquidity (I admit I am not a old hand in crypto. I find the concept of charm.fi helpful). Hence my suggestion for the treasury to manage the ‘locked’ GNO. They get more AUM (assets under management), and we get professionals looking after the money.
In short, I would prefer to ‘lock and forget’. I mean forget the financial management of GNO. Not the commitment to the protocol.
Having said that, I am not steeped in crypto like some experienced people here are. And my tokenomics is shaky at best. So feel free to ignore some (or all) of the above.
I think traders contributed in the success of Cowswap just take a closer look on dune analytics.
A small share would be nice to include reccurent users with a volume cap in order to filter bots/whales.
Gnosis is huge , should be in the hands of most active users not just a small consensus, its okay to be a little late, as long as you get the responsibility you deserve.
While I love the idea of vested holdings to align interests, doesnt this risk extreme illiquidity in the token? i.e. in order for market excitement and outsiders to buy in, some amount of the token must be for sale. If users, teammembers, and advisors are locked in and the DAO isnt selling, where will price discovery come from? I would prefer to see some portion immediately liquid so that price discovery can occur, rather than a new token being released and the market being unable to put a price on it until well after the initial excitement. Possible that I’m missing something, but lockup for all seems like a mistake.
Based on the current proposal there is a 5% unvested airdrop to users and 5% unvested airdrop to GNO holders. So about 10% will be liquid from the start to allow for price discovery. What is missing is an incentive program to provide liquidity between GNO and CowSwap tokens.
I also feel the avidity and the confirmatory biais (“yes yes we need to stick together and keep everything for us” mood) into so many comments here.
Little bit sad but decentralization is still what I love and I try to keep this in my mind.
Responsable airdrops are meant to be of course, but too many rules can kill projects too.
I experienced several and the time spent on too much rules can turn into not worthwhile results sometimes.
It is science and art to find the fairest but also most accurate moves for projects sometimes ahah
Anyway, I am happy and confident cause I just feel like the teams will make their best whatever the final decisions are. The products are amazing!
SO to the hard and honest workers over here and long life to eth2.0 and the mirrored environments!
I think we should be very careful with the initial token allocation. If GPT didn’t exist, most of the benefits and risks to develop Gnosis Protocol would be assumed by Gnosis and GNO token holders. Honouring investors is key for the future capital formation of Gnosis Protocol, so I think we should give GnosisDAO and GNO token holder not less than 30% (instead of the current 15%). I’m pretty sure GnosisDAO will have stronger hands than almost anybody in the community anyway.
This poll by feeswtf proves my point above. Even if the value does not change, people still prefer to see bigger numbers rather than fractions in their wallet.
(EDIT: I just meant that psychologically, bigger numbers feel better than fractions. I know the value doesn’t change)
