sdao

GnosisDAO is initiating a governance proposal GIP-152 on whether to split the Gnosis App into an independent company led by the original team. The proposal is now live on Snapshot, and voting will close on August 12 at 14:19 (UTC), with a required quorum of 75,000 votes to take effect. Community members can vote on whether to support the separation of the Gnosis App from the GnosisDAO ecosystem through Snapshot.The proposal outlines that GnosisDAO will invest $1.5 million in cash and inject a product and IP valued at $1 million, obtaining at least 25% equity through SAFE at a post-money valuation of $10 million, while completely separating the Gnosis App from Gnosis Ltd's annual budget of $3.1 million. The new company will focus on self-custody payments and card services, using the Circles protocol as its core, with 18 months of funding primarily allocated for the team, compliance operations, and customer acquisition, and will continue to drive on-chain and payment network usage through Gnosis Pay and Gnosis Chain. Current Snapshot voting results show that approximately 66% are in favor.

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%.

ChainCatcher news, according to official sources, the decentralized multi-chain trading platform NuDEX has completed a new round of financing, led by MetisDAO Foundation, with participation from Flurry Capital, Waterdrip Capital, YBB Capital, and several strategic investors.The new funds are intended for the upgrade of the GOAT mainnet and the deployment of the node network, the development of the NuOrbit protocol and the promotion of TSS standardization, as well as the integration of developer tools and APIs.

According to Cointelegraph, GnosisDAO, the decentralized autonomous organization behind Gnosis Chain, has approved a proposal to launch a $40 million venture fund aimed at accelerating early blockchain projects.GnosisDAO will contribute $20 million to the fund, with the remaining $20 million coming from external LPs. The fund is named GnosisVC Ecosystem and will prioritize investments in projects engaged in the tokenization of real-world assets (RWA), decentralized infrastructure, and financial payment channels.

ChainCatcher message, based on Arbitrum, PlutusDAO posted on X that its X account has been taken over by the new Plutus team.

ChainCatcher news, GnosisDAO approves the spin-off of Karpatkey into an independent entity. Karpatkey has been part of GnosisDAO since 2021.After the spin-off, Karpatkey will operate independently, using its own KPK governance token, and plans to expand its business beyond traditional Web3 services. This move is part of Gnosis's strategy to support blockchain application development and improve the Web3 ecosystem.

ChainCatcher news, according to CoinGecko market information, FreeRossDAO (FREE) has broken through $0.002, currently quoted at $0.002101, with a 24-hour increase expanding to 1816.9%.Previously, former U.S. President Donald Trump promised to grant a pardon to "Silk Road" founder Ross Ulbricht if elected at the Libertarian National Convention held in Washington, D.C.

ChainCatcher news, according to CoinGecko market information, FreeRossDAO (FREE) market capitalization has surpassed 11 million dollars.Previously, former U.S. President Donald Trump promised at the Libertarian National Convention in Washington, D.C. that he would grant a pardon to Ross Ulbricht, the founder of the Silk Road, if elected.

ChainCatcher news, according to CoinGecko market information, FreeRossDAO (FREE) has broken through $0.001, currently quoted at $0.001026, with a 24-hour increase of 839.2%.Previously, former U.S. President Donald Trump promised at the Libertarian National Convention in Washington, D.C. that he would grant a pardon to Ross Ulbricht, the founder of the Silk Road, if elected.

According to ChainCatcher news, as per CoinGecko market information, influenced by Donald Trump's commitment to pardon the "Silk Road" founder, FreeRossDAO (FREE) surged over 200% in a short time, now priced at $0.0003698.Previous report stated that former U.S. President Donald Trump promised at the Libertarian National Convention in Washington, D.C. that if he is re-elected, he will commute the sentence of Ross Ulbricht, the founder of "Silk Road," on the first day. Ulbricht was sentenced to two life terms plus 40 years in 2015 for creating and operating the "Silk Road" darknet marketplace, effectively a life sentence without the possibility of parole. "Silk Road" operated from 2011 to 2013 and was primarily used for the anonymous sale of drugs, widely regarded as the first real use case for Bitcoin. Trump stated that Ulbricht has served 11 years, saying, "We want to bring him home." Many in the audience held up "Free Ross" signs, cheering enthusiastically at Trump's promise.

ChainCatcher message, GnosisDAO has released the 3.0 roadmap, indicating that Gnosis has evolved from a prediction market platform (Gnosis 1.0) to a cornerstone of Ethereum infrastructure (Gnosis 2.0), and is now entering Gnosis 3.0.Gnosis 3.0 will focus on fundamentally transforming payment and financial infrastructure, connected by the GNO token coordinating projects on the platform. Gnosis 3.0 aims to bridge the gap between blockchain technology and its practical everyday applications for the general public.

ChainCatcher news, according to the governance page, the ENSDAO community has initiated a proposal vote for "Upgrading DNSSEC Support," aimed at promoting ENS Labs to deploy a new version of the DNSSEC oracle and DNS registrar.It is reported that this version combines wildcard resolution (ENSIP 10) and CCIP-Read to achieve the "Gasless DNSSEC" feature, allowing the use of DNS domain names within ENS without the need for on-chain transactions.

ChainCatcher news, according to the Snapshot governance page, the MetisDAO community voted to approve the proposal to "decentralize the testnet sequencer and launch community testing."

ChainCatcher news, according to CoinDesk, the Ethereum scaling solution MetisDAO's development organization, the MetisDAO Foundation, has announced the creation of a fund of approximately $100 million to accelerate the growth of its ecosystem. The fund is named the Metis Ecosystem Development Fund and will allocate 4.6 million METIS tokens for "sequencer mining, retroactive funding, deployment of new projects, and other efforts."

ChainCatcher message, GnosisDAO posted on social media that Gnosis Chain core developer Philippe Schommers has joined GnosisDAO as the Head of Infrastructure, while Galen has taken on the role of Head of Marketing. Philippe will continue to ensure the successful collaboration between Gnosis Chain and Ethereum.

ChainCatcher news, Bankless co-founder Ryan Sean Adams posted on the X platform that people are uneasy about BanklessDAO's proposal to request ARB funding from Arbitrum and are confusing BanklessDAO with Bankless. However, BanklessDAO is a completely independent entity from Bankless, and neither it nor another co-founder, David Hoffman, has received any economic benefits from the DAO, has never sold BANK tokens, nor intends to sell them, and has not participated in the governance voting of the DAO.Adams and David allow the DAO and those who identify with Bankless values to freely use the brand, but Adams also recognizes that this could cause confusion, and adjustments may be needed in future practices.

ChainCatcher news, the decentralized stablecoin lending and leveraged trading protocol CygnusDAO has now integrated the OKX DEX API, allowing CygnusDAO users to leverage trade on OKX DEX with ultra-low slippage, optimal quotes, and better liquidity. CygnusDAO aims to achieve maximum capital efficiency for stablecoin liquidity providers..It is reported that the OKX Web3 wallet DEX section is a DEX and cross-chain aggregator, which has aggregated over 10 cross-chains, more than 20 public chains, and over 300 DEXs. Through X Routing smart routing, it enables a single transaction to utilize multiple DEXs simultaneously, providing users with the best prices, optimal liquidity, and 0 trading service fees, while also featuring a DEX market section, limit orders, KYT security checks, and more.

ChainCatcher news, MetisDAO officially stated that it has completed compensation for users affected by the Twitter account hack in August. The team spent several weeks reviewing support tickets submitted in the Discord channel, then filtering through a large amount of on-chain data to separate legitimate claims from those associated with the hacker's wallet. After the due diligence was completed, the MetisDAO Foundation sent full compensation to the affected users.Previous report, on August 15, MetisDAO Foundation tweeted that the official Metis Twitter account was hacked.

ChainCatcher news, according to Decrypt, after the fork completed on Friday evening, more than half of the Nouns NFT holders chose to leave.It is reported that out of 846 Nouns NFTs, 472 (nearly 56% of the collection) owners joined the fork and withdrew nearly 16,757 ETH (currently worth $27.3 million) from the current Nouns DAO treasury to the new DAO organization.This move may indicate that many members lack confidence in the current Nouns DAO model. Since the project debuted in 2021, it has spent millions of dollars worth of ETH to fund a series of Nouns-themed projects aimed at expanding the brand's influence. Meanwhile, the value of Nouns NFTs has significantly declined since the peak at the end of 2021 and early 2022. Data shows that the floor price of the NFT collection, priced in dollars (ETH converted to dollars), has dropped from a peak of $267,000 in December 2021 to about $57,740 today.

ChainCatcher news, PlutusDAO has initiated a "Activate ARB Staking" proposal in the Arbitrum community, which allocates token inflation to users who lock their tokens. The Arbitrum DAO has the authority to mint 2% of the total supply of ARB annually as inflation, with the first minting date set for March 15, 2024 (the minting function can only be called once a year). It is proposed to mint 1.75% of the token supply and distribute it within a year.Since the minting function is not yet available, PlutusDAO suggests using an equivalent amount of funds from the Arbitrum DAO treasury and establishing a distribution mechanism for the locked ARB token holders. The funds used from the treasury will be replenished when the minting function becomes available on March 15, 2024.