Hi community! I’m a long term holder of the GNO token and am excited to participate in the DAO.
A big reason that the GNO token is underperforming when compared to other DeFi tokens such as UNI, SNX, or LINK is that there is not currently a widely understood mechanism to accrue value to the GNO token.
I suggest that the community rally behind a value accrual mechanism for the GNO token by having users that use the GNO Safe pay a fee.
This fee should come from usage. Perhaps the users of the GNO safe can pay the fee in ETH, USDC, or a currency of their choice. The paid fee should then be sent to the market to buy up GNO and burn it.
Without a value accrual mechanism, a competitor to GNO could come out of the woodwork and take the majority of the market share for Safes. I really respect and enjoy using the GNO safe for a very significant amount of capital and am appalled that I am not charged a fee for using it.
To see how a competitor is a threat to the GNO ecosystem, see how SUSHI has been attracting liquidity away from Uniswap due to their liquidity incentive programs.
Thank you for your consideration.