- Let’s do this!
- No, let’s do something else.
GIP: Should GnosisDAO distribute & sell 150m SAFE & vSAFE to GNO hodlers (including sGNO, LGNO) ? author: @gnosirum type: Meta
Should GnosisDAO distribute & sell 150m SAFE & vSAFE to GNO hodlers (including sGNO, LGNO) ?
the goal is to decentralize Safe DAO by redistributing governance power (SAFE token) to the Gnosis community (GNO, sGNO, LGNO hodlers)
maintain Gnosis treasury concentrated (=>focused) around ETH and GNO
5% will be allocated to a joint treasury, controlled by the GnosisDAO and SafeDAO in a 2-out-of-2 Multisig. That seems sufficient.
As part of the SAFE Token distribution, 20% of the total supply will go to the benefit of GNO holders.
15% will be vested to the GnosisDAO Treasury over 4 years. As this is a significant share and to prevent governance centralization of the SafeDAO, we propose that :
a part of the SAFE must be airdropped (to be defined)
a second part vSAFE will have to be sold against ETH or GNO (to be defined)
5% will be allocated to a joint treasury, controlled by the GnosisDAO and SafeDAO in a 2-out-of-2 Multisig. This joint treasury will be used for rewards that are in the mutual interests of the Safe and Gnosis communities. For example, rewarding Gnosis Safe users on Gnosis Chain leading for increased adoption of both.
- GnosisDAO Treasury should only keep the 5% in the joint GnosisDAO <> SafeDAO Treasury