GnosisDAO releases the proposal "Allow GNO holders to redeem treasury shares"

The GnosisDAO community has released a proposal to "allow GNO holders to proportionally redeem their entitled treasury shares." The proposal aims to allow GNO holders to exchange their tokens for a proportionate share allocated from the GnosisDAO treasury. Non-participants will retain their GNO and continue to enjoy all economic rights brought by the ongoing operations of the DAO, with liquidity and semi-liquid treasury assets distributed based on net asset value.

Illiquid off-chain investments and enterprise value will be handled through the synthetic gLTD-CLAIM, which grants participants a fixed proportion of future dividends from the aforementioned asset pool once the capital deployed by the DAO exceeds the principal recovery threshold after redemption. The redeemed GNO will be burned, thereby permanently reducing the effective circulating supply.

As of the time of publication, the current opposition rate for this proposal is 64.81%.