Already posted elsewhere the multitude of things one could use the treasury GNO for that doesn’t involve selling anything and effectively locking away the GNO to provide marker liquidity at price as well as provide a financial base to borrow (allowing for treasury expansion btw as well as stronger GNO price support)
Creating a GNO and/or GNODAI uniswap v2 LP that could have vaults on Maker gives GnosisDAI much greater flexibility in both providing GNO price support using an uncorrelated stable, and a large relative to GNO circulating cap. Literally GnosisDAO could use the GNO cap to borrow large amounts of DAI at ~2% that it could use to lever up other positions and returns.
I already know that Karpatkey is using Maker with curve stETH/ETH to borrow DAI with a Maker vault and lever up their position (which is good for the DAO)
Basically burning the supply reduces GNO overall market cap to ~1B, and worse should need arise the DAO will have to mint and dilute later (not a great look if this is decided). It is going to make it look like Gnosis value is shrinking vs. growing.
I watch GNO price and due to the significant GNO/ETH LP GNO price basically yo-yo’s with ETH where as pairing GNO with stables like DAI basically creates a much more stable GNO price, as well as higher LP returns. I have growing and significant data that Token-DAI LPs get almost 2x higher fees than Token-ETH pairs. I also have a small but significant set of data (with some notable exceptions) that communities that focus on Token-stable liquidity being the dominant component price decorrelate (to a greater extent) than communities that focus on Token-ETH liquidity.
GnosisDAO seems hell bent on both burning GNO and basically pumping up correlation on GNO/ETH and while this community is doing a number of positive things the GNO price still lives within the .11-.13 ETH/GNO price range which is barely book value as compared to the GnosisDAO treasury.
It is admirable that GnosisDAO has coupled its price to ETH for so long. Perhaps it is time to make a significant change so both the GNO price AND the market cap can finally grow by decoupling ETH from GNO and refocusing GNO liquidity on GNO-stable v2 LP (like GNO-DAI). Take the ETH stuck in these contracts and double down on stETH/ETH finally break the log jam limitation of ETH:GNO ratio price lock.
Free GNO price from ETH and use that ETH with stETH to both borrow to lever and earn return. This helps the Ethereum ecosystem, and helps Gnosis both at the same time. Perhaps making bold moves like the above, and doing something different might finally allow GNO price and market cap to appreciate.