⚔️ 🦉 Gnosis Chain Weekly · 11 March, 2022
A Culture of Giving
It’s been inspiring to see the outpouring of support from the crypto community this week to those who are suffering around the world. This generosity highlights an important use case for blockchain and crypto — charity and giving.
Freed of many of the issues associated with charitable organizations (high overhead, bureaucracy, corruption etc) direct giving on the blockchain is a powerful way to bring about real change.
Donations can happen extremely quickly, reaching anyone in the world within minutes. A bank account isn’t needed, and the only fees are the transaction (gas) costs. Unfortunately, high fees can significantly eat into a donation. It’s one reason why Gnosis Chain is a powerful platform for giving.
Basic transfer fees on the Gnosis Chain are extremely low (currently ~.0002 cents per tx, and even with expected growth, will remain lower than $.01 per tx). Fees are paid with xDai, resulting in stable, predictable and extremely manageable costs. A single donation goes further, and at scale the impact becomes even greater.
A Culture of Giving
This week GnosisDAO announced a 200K commitment to Gitcoin for Round 13 of their grants program. 50K goes directly to zero-knowledge research and projects, and the remaining 150K provides matching funds for projects throughout the ecosystem.
Gitcoin uses quadratic funding and other unique mechanisms to maximize donations and support public goods, and the matching funds give projects a chance to prioritize innovation over profit.
Moving forward, Gnosis chain and GnosisDAO will continue to explore ways to enhance giving-based applications, for example supporting Circles UBI (Universal Basic Income), socially-minded DAOs, and issuing grants focused on sustainability projects around the world.
While these incredible projects and many more provide the tooling, it is always up to an individual to take the next step and donate. It’s been amazing 🙏 to see so many individuals and community members step up and help support the ecosystem and the global community at large.
Projects continue to buidl and innovate on the Gnosis Chain. Below are a few highlights from the week.
Jarvis Network issues non-USD stablecoins (jFIATs) designed to widen and enhance the DeFi landscape. The first $jEUR issued on Gnosis Chain happened this week!
Bored David is the latest NFT project from the SNAFU artist collective. It is a pfp collection of Davids of Michelangelo that will bring new functionalities to the @nftsnafu marketplace, powers, and benefits for Bored David holders and more. Details and airdrop are coming soon - stay up to date here!
Orchid’s decentralized VPN supports the Gnosis chain! Orchid has been on xDai for some time, and have now incorporated the latest Gnosis chain assets along with an explainer video on how to use Orchid with the Gnosis chain.
The following is a short summary of current topics in the GnosisDAO forum. Anyone can participate in decision-making by joining the GnosisDAO forum. To learn more about the governance process, read this forum post on the topic. Participation is highly encouraged and proposals can be of a technical and social nature.
GIP-30: Should GnosisDAO reward 2300 GNO to Prysmatic Labs? Since the launch of the Gnosis Beacon Chain over 60000 validators were launched. Those validators almost exclusively run either Prysm or Lighthouse clients. Given the importance of Prysm for Gnosis Chain, the proposal suggests rewarding the Prysmatic Labs team with 2300 GNO for their work aligning incentives with their team.
We’ll hold a community-focused call on Monday, March 14th from 9:00 - 9:30 am PST on Twitter spaces. This initial call will provide an intro and overview of the basics on creating/submitting a GIP, navigating the Gnosis Chain, and ways to contribute to the Gnosis Chain universe. Hope you can join us!
GnosisDAO mirror blog is live, and the first post covers the token merger, Gnosis beacon chain, staking, and the GnosisDAO.
Job board is open with a growing list of roles to fill! Come join the team.
Gnosis co-founder Stefan George recently sat down with encode club for an AMA on wide-ranging topics like the history of Gnosis, DAO philosophy, and some of his favorite projects in the space. The interview transcript and video are now available.
Thanks again for your support as a member of the GnosisDAO. If you are new to the GnosisDAO, or an OG Gnossian wanting to get back to active participation, hop on the call Monday to get caught up with all the recent happenings. We plan to hold a monthly call ☎️ going forward to keep you up-to-date.
See you on-chain,
Gnosis Chain Team