The Gnosis DAO redemption proposal was hotly contested, and the giant whale voted to reverse the Lianchuang position

Comparatively, Gnosis DAO is currently holding a Snapshot vote to propose that GNO holders will be allowed to obtain a proportional share of the DAO treasury through a voluntary redemption mechanism. According to analyst Ignas data, the treasury holds about US$223 million in assets (including ETH, stablecoins and ecological tokens), and about 1.3 million GNOs are eligible for redemption, each corresponding to a treasury value of about $170, while GNO is currently trading at around $132, at a discount of about 27%.

The vote was reversed twice within 24 hours: the situation was reversed once after Gnosis co-founder Stefan George cast a negative vote, then a giant whale wallet with 67,000 GNOs voted in favor, putting supporters back in the lead. Currently, there are about 116,000 GNO in favor (about 65%), 59,600 against, and 1,600 abstentions. The 75,000 quorum threshold has been exceeded, and voting continues until May 12.

Proponents believe that Gnosis Ltd. has become a financial black hole where the interests of holders are structurally misaligned, while opponents warn that redemptions will weaken projects with actual users such as Gnosis Pay, Circles, and Gnosis Chain, and may trigger a ripple effect on other DAOs that trade below net asset value.