Thank you for your question. Happy to share more details on our work with Efficient Frontier (EF) and how these market-making agreements have progressed over time.
GnosisDAO engaged with EF over a series of structured market-making agreements with the goal of improving GNO liquidity and market health across centralised exchanges (CEXs), including Binance, Coinbase, Crypto.com, Gate and Kraken. The goal is to reduce slippage and ensure smoother trading across platforms, ultimately making GNO more accessible and supporting long-term ecosystem growth. Overall, this partnership plays a key role in supporting GnosisDAO’s broader goal of growing adoption and improving accessibility of GNO across the ecosystem.
GnosisDAO entered into an initial $3 million market-making loan with EF, which ran from September 2024 to April 2025 (including extension of agreement). The agreement included structured options and set KPIs for market liquidity within a 2% depth. During the most recent rollover, further GNO was provided to top up the previous loan given the price drop in GNO.