Gnosis considering launch of token for Gnosis Protocol

Gnosis considering launch of token for Gnosis Protocol
фото показано с : invezz.com

2021-7-16 17:19

Gnosis is considering launching a new layer for DEX trading, Gnosis Protocol, which solves issues with transaction ordering within a block, Invezz learned from their forum. Basically, the potential extracted value will go to miners, solvers, and users. GP can also save on market maker fees and gas costs. If the token stands a good chance of succeeding, this will justify the increased potential dilution.

Advantages of a new token

At this stage, GP belongs to GNO holders and any initiative should be made with their benefit in mind. Among the advantages is higher flexibility. The needs of projects like Gnosis Auctions and Gnosis Treasury will have to be borne in mind as long as GNO is associated with them. Ultimately, this means less flexibility. In general, Gnosis and GNO have faced issues with finding a clear narrative. However, the limited risk for GnosisDAO/ GNO holders more than makes up for this. Risk for the value of the token can be limited even while enabling a program where lots of tokens are given away.

Value derived from governance rights

At this stage, GNO should draw value from the different products under the Gnosis brand and from governance rights over GnosisDAO, which controls a wide variety of lucrative assets, such as the treasury of 150k Ethereum (ETH/USD). If GNO or GnosisDAO holders get a large share of GP tokens, this could lead to them benefiting from GP a great deal if successful and containing damage if not.

Batches to be settled at every block

If a solid portion of DEX trades go through Gnosis Protocol, then beneficial network effects will come into play. While it’s possible to encourage things like longer batch time, the creators of Gnosis believe asking users to change their behaviour isn’t optimal. In the best-case scenario, batches would be settled at every block and they would be big enough to bring about the network effects.

Focus on fees and solvers

Finally, the token will require solver and fee governance. It’s not clear whether those interested in and qualified to govern solvers will also be qualified and interested in governing fees.

The post Gnosis considering launch of token for Gnosis Protocol appeared first on Invezz.

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Gnosis (GNO) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $330.67
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