The GNO will not be used on any staking service provider (Stakewise or any other). BootNode will setup and run an in-house validator infrastructure.
Our goal is to contribute to strengthening, decentralizing, and enlarging the Gnosis ecosystem by providing more independent validation power to the network. We will provide proof of those validators running as time goes by.
100% of GNO will be used for running GBC validators.
Running GBC validators is only a small part of the proposal (please check the section: Simple Summary).
In many major DAOs, part of the native tokens is used as long-term incentive alignments with its members. This proposal includes such alignment.
The usual way to implement it is through smart contract escrows that usually have a cliff/lock time of 6 to 12 months and vesting over other 6 to 12 months.
Having the GNO locked running validators adding value to the network is better than sitting on an escrow contract. Same as with vesting, it is better to be able to have the option to withdraw rewards and stakes if needed, following the network protocol’s mechanisms.
The GIP-59 title is confusing. It is not for funding the Circles Project but to fund one initiative led by two organizations: Circles Coop eG and Bitsposessed (details here).
As Martin shared in a drawing, there are several teams working on Circles ATM. BootNode has been one of them that joined a few months ago. We aim to build synergetic collaborations with all the teams working on Circles.