Crypto Land: post #1942 — TG.ME

➡️ GnosisDAO approves Gnosis Chain’s move to Ethereum L2

🔖 GnosisDAO approved GIP 153 on Aug. 19, authorizing Gnosis Chain to transition from a standalone layer one network into a ZK proven Ethereum Economic Zone rollup. The final vote recorded 123,158 GNO in favor, 115 GNO against and 151 GNO abstaining across 54 voters, according to a Gnosis Chain announcement. Total participation reached 123,425 GNO, well above the required quorum of 75,000 GNO.

📣 The decision gives Gnosis developers a mandate to begin designing the change. It does not immediately convert the chain into a layer two network. The initial version is scheduled around the end of 2026 or beginning of 2027, subject to the required technology being ready. Gnosis Chain currently operates its own proof of stake consensus system and validator set. Following the transition, the network will publish proofs and settle transactions on Ethereum, relying on Ethereum validators for settlement security.

‼️ GIP 153 described the current model as difficult to sustain because fee revenue covers only a small part of the chain’s security costs. According to the proposal’s authors, Gnosis issuance dilutes people who do not stake by approximately 2.3% annually, while the DAO also supports infrastructure and liquidity incentives. Those assessments come from the proposal’s authors and should not be treated as independent financial findings. However, the vote establishes that GNO holders accepted the strategic direction and authorized work on a different security model.