GIP-151: Should GnosisDAO offer a one-time pro-rata treasury redemption?
AI summary
This proposal allows Gnosis (GNO) token holders to exchange their tokens for a proportional share of the GnosisDAO's liquid treasury assets. Participants will receive a mix of ETH, stablecoins, and a discounted share of GnosisVC's capital. The GNO tokens redeemed will be permanently removed from circulation, increasing the proportional claim of non-participating GNO holders on the remaining treasury and Gnosis Ltd's enterprise value. This is a one-time, voluntary offer designed to address GNO trading below its underlying asset value.
If passed, GNO holders can opt-in to receive direct treasury assets, potentially benefiting from immediate liquidity at net asset value. Those who do not participate will see their GNO tokens represent a larger share of the remaining treasury and Gnosis Ltd, potentially increasing their token's value. The GnosisDAO treasury will decrease in size proportional to the redemption, and the total supply of GNO will be reduced.
Voting results
Votes over time
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🐳 Whale votes
7 votes > 5% VPFull proposal
Summary
This proposal establishes a one-time, opt-in pro-rata treasury redemption, developed jointly with the Gnosis founding team. Any GNO holder may exchange their tokens for their pro-rata share of the DAO's liquid treasury at NAV, together with a discounted share of the capital called to date by GnosisVC. Participation is voluntary. Liquid assets are distributed in kind, redeemed GNO is returned to GnosisDAO and removed from circulation, and holders who do not participate keep their GNO and a larger pro-rata claim on what remains.
The design is deliberately simple. There is no syn…