GIP-32: Reimburse expenditures to the Gnosis Chain Core Development Unit (formerly xDai Chain team)

Governance GIPs
1

GIP-32: Reimburse expenditures to the Gnosis Chain Core Development Unit (formerly xDai Chain team)

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GIP: 32
title: Reimburse expenditures to the Gnosis Chain Core Development Unit (formerly xDai Chain team)
author: Gnosis Chain Core Development Unit (formerly xDai Chain team)
status: Draft
type: Funding
created: 2022/03/23

Summary

GIP-32 requests reimbursement of infrastructure and marketing-related expenditures to the Gnosis Chain Core Development Unit (formerly xDai Chain team) for the period spanning the token merge (GIP-16 implementation) through March 1st, 2022.

Motivation

The Gnosis Chain Core Development Unit is a critical component of the evolving Gnosis ecosystem. Previous expenditures were provided up-front by the team to facilitate client development and bootstrap the consensus-layer validator set. These were distributed from an independent fund managed by the Core Dev Unit to expedite processes with the expectation that they would be reimbursed at a future date. This GIP details prior expenditures and requests they are reimbursed from the GnosisDAO treasury.

Expenditures Breakdown

Expenditure Amount of GNO
Clients
Grant for Nethermind 2304
Grant for Lighthouse 2300
Analytics
Grant for MigaLabs 100
Validators
Migration of 14 existing POSDAO validators 7108
Grant for POA validator 32
Faucet for Stakefish 10
Grant for Stakely 100
Grant for Peerion 100
Ecosystem
Grant for Community Manager Gimlu 256
Grant for GnosisChain.World team 100
Grant for ZTAKE 256
Gnosis Beacon Chain
Grant for Stakewise 2310
3 waves of Seed Incentive Program 730
Total 15,706

Implementation

The Unit has a multi-signature wallet to administer the funds allocated to fulfilling the mandate. The details of this multi-sig wallet are as follows:

Multisig address on ETH mainnet: 0x5E78C09984bd6608f8E913F0924062C043eD6ad7

2 Likes
2

Thanks for this proposal!

I’m trying to understand the expenditure “Migration of 14 existing POSDAO validators: 7108 GNO”

We currenty have 19 validator pools and 82 delegators staking a total of 127,533 STAKE as shown on Gnosis Chain Staking DApp - BlockScout

What does it mean this migration? What would happen to the rest of the validators?

1 Like
3

I like to say thanks for this too, and as @claberus I am interested in some more details to understand it, especially the 100 GNO for migalabs cause the site (Miga Labs), although working some time ago, seems not to provide data anymore. What do they have to provide for the funds?

4

Hey @claberus

Original xDai (POSDAO) validators had the STAKE tokens (20K each) delegated to them and they never actually owned those tokens and these tokens were always staying within the consensus and were not their own.
After the launch of GBC and the ongoing STAKE/GNO token merger, the focus obviously shifted from the POSDAO consensus to Beacon Chain. As part of the efforts to grow the GBC validator set, all POSDAO validators who had the STAKE delegated to them were offered an opportunity to become GBC validators.
This offer consisted of two parts. a) 18K STAKE from the 20K delegated to you will be unlocked and you will be able to swap it to GNO and launch GBC validators with all this GNO. b) 2K STAKE (minimum in the consensus) will become unremovable from the POSDAO consensus assuring that chain will be secured by these validators until the merge.

It is important to note that each of the 15,706 GNO mentioned in the proposal has been used to launch Gnosis Beacon Chain validators. This means they can’t be withdrawn until the merge of Gnosis Chain and GBC.

@refri thank you for pointing out that Miga Labs GBC dashboard is currently not showing any data. We have notified them and they will fix it.

1 Like
5

Here is the proposed transaction, to be executed from the safe at eth:0x0DA0C3e52C977Ed3cBc641fF02DD271c3ED55aFe.

[
  {
    "to": "0xeC83f750adfe0e52A8b0DbA6eeB6be5Ba0beE535",
    "value": "0",
    "method": "withdraw(address,uint256)",
    "params": [
      "0x5E78C09984bd6608f8E913F0924062C043eD6ad7",
      "15706000000000000000000"
    ],
    "operation": 0
  }
]
1 Like
6

All of the existing validators total 143192 STAKE, equivalent to 4672 GNO
as shown on Gnosis Chain Staking DApp - BlockScout

Could you please point out where the 14 existing validators for the 217841 STAKE, equivalent to the 7108 GNO being requested are?
Thanks!

7

I didn’t know the validators have already moved to the the GBC.
Thanks @Mojmir for the clarification!

1 Like
8

I’m curious, so, the validators each got 18k STAKE for free? Not owned by the core unit anymore? Seems very generous.

And, another question about the relation between GnosisDAO and the development core unit. Is the development core unit a separate entity from the Gnosis DAO? Then, the core unit funds are not owned by GnosisDAO? Like a separate organization?