GnosisDAO Proposes $2.5M SAFE for Gnosis App Spinoff with 25% Stake

Proposal GIP-152 seeks to spin off Gnosis App into an independent entity via a $2.5M SAFE investment, granting the DAO a minimum 25% stake in the new company.

Woofun AI reports that GnosisDAO has submitted proposal GIP-152 to Snapshot, seeking to separate the Gnosis App into an independent company led by its original team. The plan involves a $2.5 million SAFE investment, comprising $1.5 million in cash and $1 million in products and intellectual property, with a valuation cap of $10 million that secures the DAO at least a 25% ownership stake. The new entity will assume control of the Gnosis App, which utilizes the Circles protocol for decentralized payments in Europe. Proponents argue that independence will accelerate product iteration and market fit, citing success in similar incubated projects like CoW and Safe. Voting ends on August 12 at 22:19, requiring 75,000 votes for quorum; current participation stands at 13.2% with 65.93% approval.