Gnosis Chain · 77

Gnosis Chain received approval from GnosisDAO to transform into an EEZ Rollup, which will be the first production-level instance

Comparatively, GnosisDAO approved the transformation of the blockchain network Gnosis Chain from an independent Layer 1 network to an Ethereum Economic Zone (EEZ) Rollup with zero knowledge certification. The network will eliminate the set of independent validators and let Ethereum validators complete transaction settlement instead. The proposal received 123,158 GNOs in favor, 115 against, and 151 abstentions. The vote involved 54 participants, and the total number of participants reached 123,425 GNOs, which is above the quorum threshold of 75,000 GNOs. The upgrade is initially scheduled to begin in late 2026 or early 2027, depending on EEZ technical preparations. After the upgrade, Gnosis Chain's native smart contract can call Ethereum and use return results in the same transaction, while also connecting to Ethereum mainnet assets and liquidity. Gnosis Chain will be the first EEZ instance to be deployed and will preserve existing apps, balances, and xDAI fuel tokens.

2d ago

Gnosis Chain's GIP-153 proposal to transform into Ethereum L2 has been approved

Comparatively, Gnosis Chain's GIP-153 proposal to transition from a sovereign independent L1 to a highly aligned Ethereum L2 has officially been approved. On the eve of the voting deadline, several official related addresses, including Gnosis co-founder StefandGeorge, voted in favor and successfully met the quorum (Quorum) requirement. The proposal was jointly initiated by Gnosis founder tw_tter and core members. It aims to free Gnosis Chain from the shortcomings of traditional PoS L1 security and inflation subsidies, directly inherit the security of Ethereum validators, and will be the first to achieve simultaneous composable Ethereum L2.

3d ago

GnosisDAO launches governance vote on whether Gnosis App will be independently split

Comparatively, 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 live in Snapshot, and voting ends on August 12 at 14:19 (UTC), and the number of legal votes required for entry into force is 75,000. Currently, community members can vote on whether to support separating the Gnosis App from the GnosisDAO system through Snapshot. The page shows the plan: GnosisDAO invests 1.5 million dollars in cash and injects products and IP valued at 1 million dollars, and obtained at least 25% of the shares under a 10 million dollar post-investment valuation through SAFE, while Gnosis App is completely divested from Gnosis Ltd's annual budget of 3.1 million dollars. The new company will focus on the self-hosted payment and card business with the Circles agreement as the core. The 18-month capital will mainly be used for teams, compliance operations and customer acquisition, and will continue to drive on-chain and payment network usage through Gnosis Pay and Gnosis Chain. According to the current snapshot voting results, about 66% of the votes were in favor.

12d ago

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.

107d ago

Gnosis Chain plans to recover funds stolen in the Balancer incident through a hard fork

Comparing news, Gnosis Chain announced that its operator community has decided to perform a hard fork to recover funds previously lost in the Balancer bug. Currently, these funds are out of hacker control. Previously, Gnosis said it had collaborated with Monerium and the Balancer team to freeze part of the affected fund pool and temporarily restricted the transfer of assets from the Gnosis chain across the Gnosis chain via standard bridge. The Gnosis team will continue to collaborate with ecosystem partners and remind remaining node operators to take action to avoid penalties.

242d ago

Gnosis hard fork returns Balancer with hacked funds sparks controversy

In comparison, according to The Defiant, Gnosis Chain announced a hard fork on December 22 to return the $9.4 million frozen in the Balancer hack. Balancer was attacked last month and lost $128 million. Gnosis had already frozen some of the funds through a soft fork at the time, and now requires a hard fork to unlock and return to users. The decision sparked heated debate in the community. Proponents believe it shows a spirit of accountability, while opponents question the violation of “code is the law” and damage the immutability of blockchain. Infrastructure director Schommers emphasized that verifiers' consent is required and that on-chain history is not affected. DeFi operator Ignas notes that soft forks have damaged immutability. The GNO token fell 3% to $115, highlighting DeFi's dilemma between security and the principles of decentralization.

247d ago

Ethereum Foundation Announces New Privacy Team Leadership Structure, Blockscout Founder Igor Barinov Will Coordinate

In comparison, according to official information from the Ethereum Foundation, the Ethereum Foundation (EF) announced a new leadership restructuring to strengthen its various efforts in the field of privacy. Igor Barinov, founder of Blockscout, Gnosis Chain, and zkBob, has joined and acted as the “Privacy @ EF” coordinator to guide all privacy-related work...

325d ago#Bob #Gnosis #Ethereum #privacy

Blockchain company Gnosis buys Singaporean HQ.xyz for $14.95 million

According to Twitter, Gnosis acquired Singaporean on-chain financial operation platform HQ.xyz for a price of 14.95 million US dollars. The investment includes $8.95 million from the GnosisDAO treasury, which was approved by a DAO vote in January 2025, and $6 million from Gnosis Ltd., for operating expenses over the next two years. The acquisition is one of the largest investments in the Gnosis ecosystem. HQ.xyz will be renamed Gnosis HQ and integrated into Gnosis's ecosystem, which includes Gnosis Chain, Gnosis Pay, and associated projects such as SAFE and Cow Swap.

465d ago

Gnosis Chain: xDAI Bridge will use USDS as the default token on the Ethereum chain, and the migration is scheduled to take effect on June 8

Comparing news, Gnosis Chain wrote on the X platform that third-party apps need to take action, and the xDAI bridge contract is undergoing a critical upgrade: on Ethereum, DAI will be replaced by USDS as the default accepted token, and xDAI will continue to be minted on Gnosis Chain. Third-party apps must be integrated with the new Bridge Router (Bridge Router) contract on Ethereum by June 8, 2025.

472d ago

Gnosis Chain has successfully launched its Ethereum Pectra upgrade

In comparison, according to The Block, Gnosis Chain has successfully launched its version of the Ethereum Pectra upgrade. This move is seen as a key step before the Ethereum mainnet Pectra upgrade. Safe co-founder Richard Meissner is optimistic about this, believing that Gnosis Chain is highly similar to the Ethereum mainnet in terms of technology and settings, and has a huge set of validators. This successful upgrade provides confidence for the smooth deployment of the Ethereum mainnet. Pectra is considered to be Ethereum's most important upgrade after the 2024 Dencun upgrade. It contains 11 EIPs aimed at improving user experience, network performance, and functionality. Of particular note is EIP-7702, which aims to enhance “account abstraction.” Additionally, Pectra will raise the validator staking limit to 2048 ETH and increase the number of L2 data blobs. As a layer 1 blockchain closely related to Ethereum, Gnosis Chain was previously commonly used for testing Ethereum hard forks. Philippe Schommers, head of infrastructure at Gnosis, said that Gnosis Chain aims to accelerate the adoption of Ethereum and hopes that its Pectra implementation experience will provide valuable insight into Ethereum. The Pectra upgrade to the Ethereum mainnet is expected to take place on May 7. Despite previous failures in the Ethereum testnet, Meissner believes that the successful launch of Gnosis Chain indicates the smooth operation of Pectra on the Ethereum mainnet.

476d agoWendy