Circles V2 is now live, marking the most significant milestone for GnosisDAO since the launch of Gnosis 3.0. What started as a vision for user-owned financial systems has materialized into something unprecedented: a protocol where anyone can issue their own currency without banks, intermediaries, or permission from centralized authorities. As Berlin prepares to become the epicenter of Ethereum innovation this June with Dappcon 2025, GnosisDAO continues building the infrastructure for an internet where people control the value they create.
Here’s what’s driving the ecosystem forward this month across governance, groundbreaking launches, and community milestones.
Circles V2 Is Live | The Trust Economy Has Arrived
May 22nd marked a major milestone in the Gnosis ecosystem: Circles V2 launched. Built on the values of trust, fairness, and financial self-sovereignty, Circles lets anyone issue their own digital currency at a rate of 1 CRC per hour without banks, intermediaries, or centralized control. With the launch of the new Metri wallet, users can now create, exchange, and spend CRC in a network powered by social trust and community coordination.
Circles V2 represents more than a protocol launch. It’s proof that alternative economic systems can exist onchain, where value flows through trust relationships rather than institutional gatekeepers. Every user becomes their own central bank, minting currency at the same rate regardless of geography, background, or existing wealth.
Join the trust economy.
Start issuing your own money in minutes with Metri
Learn more at metri.xyz and aboutcircles.com
Meet Metri: Your Gateway to Circles, Gnosis Pay, and More
With the launch of Circles V2, the spotlight turns to Metri, a self-custodial wallet that makes participating in the trust economy simple and intuitive. Built on Safe, Ethereum’s leading smart account infrastructure, Metri gives users full control through programmable, upgradeable smart contracts with no banks, no seed phrases, and no centralized custody.
Metri combines everything you need in one interface:
• Issue your own CRC (1 per hour)
• Join Circles Groups and expand your spending network
• Swap tokens with CoW Swap
• Spend directly with Gnosis Pay + Visa®
As a smart wallet, Metri unlocks advanced features like multi-signature security, gasless transactions, and recovery options without sacrificing simplicity. It runs as a progressive web app (PWA) across mobile and desktop, eliminating the need for app store downloads.
Whether you’re minting CRC, backing trusted connections, or spending stablecoins, Metri serves as your gateway to a fairer, user-owned economy.
Start your Circles journey → metri.xyz
DappCon 2025: Berlin Becomes Ethereum’s Capital
100+ Talks. 1 Mission. Build the Open Internet.
June 16–18 | Berlin
The Ethereum ecosystem converges on Berlin June 16-18 for DappCon 2025, where over 100 speakers will explore privacy, coordination, governance, and the role of human agency in an increasingly automated world. This isn’t another conference filled with token pitches and speculative hype. DappCon goes deep into the protocols, research, and infrastructure shaping the next phase of Web3.
Protocol Berg precedes DappCon on June 13–14, offering two days of sponsor-free conversations among protocol researchers, client teams, and infrastructure developers. Together, these gatherings transform Berlin into the epicenter of serious Ethereum discourse.
Hosted by Gnosis, DappCon reflects the values we’ve championed since our founding: building decentralized systems that serve people, not platforms. From community-issued currencies to self-custodial finance, the infrastructure we’ve spent years developing gets showcased alongside the broader ecosystem’s innovations.
The lineup features Vitalik Buterin, Joe Lubin, Gnosis co-founders and voices from across the Ethereum ecosystem, each contributing to the vision of an open internet where users control their digital lives.
Tickets available now
Governance Highlights
GIP-99: Gnosis Guild Governance Stewardship
The month’s most significant governance vote centered on whether Gnosis Guild should formally steward GnosisDAO governance operations. While the proposal ultimately failed with 55.74% voting against and 44.26% in favor, the outcome delivered an encouraging signal for DAO health: voter participation reached 158% of quorum.
This level of engagement demonstrates that GnosisDAO stakeholders remain actively invested in governance decisions, particularly those involving long-term strategic direction. Gnosis Guild’s proposal outlined a comprehensive approach to improving governance infrastructure, introducing novel funding mechanisms, and progressively decentralizing DAO processes.
The robust participation suggests the DAO community takes governance stewardship seriously, even when ultimately deciding against formal arrangements. High-stakes proposals continue drawing meaningful voter turnout, indicating a healthy governance environment where stakeholders engage with complex decisions rather than defaulting to apathy.
Results:
• Against: 66.1k GNO (55.74%)
• For: 52.5k GNO (44.26%)
• Quorum: 158%
GIP-108: GnosisVIP Original Rewards
A second proposal addressing GnosisVIP rewards failed to reach the participation threshold needed for a valid vote. GIP-108 sought to honor the original, higher reward schedule for validators before the distribution structure was modified.
The proposal argued that maintaining original rewards was essential for preserving trust in Gnosis communications, since the initial rewards were “heavily promoted by Gnosis social media and PR, and induced validators to join in reliance on this announcement.”
With only 46.8% of required quorum participating, the validator reward question remains unresolved. The limited engagement suggests this issue may need broader community discussion before returning to a formal vote.
Results:
• Against: 22.2k GNO (63.02%)
• For: 13k GNO (36.98%)
• Quorum: 46.8%
