Gnosis DAO redemption proposal faces intense voting battle, whale votes reverse co-founder's stance
ChainCatcher reports that Gnosis DAO is conducting a Snapshot vote proposing to allow GNO holders to proportionally redeem their share of the DAO treasury through a voluntary redemption mechanism. According to analyst Ignas's data, the treasury holds approximately $223 million in assets (including ETH, stablecoins, and ecosystem tokens), around 1.3 million GNO are eligible for redemption, with each corresponding to about $170 in treasury value, while GNO is currently trading at around $132, representing a discount of approximately 27%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Reserve Model Faces Major Test! MSCI’s New Rules "Target" Strategy (MSTR.US): May Be Removed from Global Indexes, Tens of Billions of Dollars in Sell-off Pressure Await
Recently, MSCI Inc. approved new rules that could ultimately result in the removal of Strategy Inc. from its global equity benchmark index. This move may trigger stock sell-offs worth several billions of dollars and add new pressure to the financing model behind Michael Saylor's massive bitcoin holdings.
Alcoa (AA.US) reported third-quarter revenue of $3.7 billion, up nearly 24% year-on-year.
Alcoa reported its financial results for the third quarter of 2026 on Thursday, showing a revenue of 3.704 billion USD for the quarter.
Crypto prices
More
