⚔️ 🦉 Gnosis Chain Weekly · 8 April, 2022
Network upgrade, incentives, deployments and more
🙂 TL;DR
Hardfork coming April 20th, if you are running a GC node, upgrade now!
Community call Monday to discuss GIP34 - reimbursement for Agave.
Staking and Stakewise Liquid Staking growing by leaps and bounds 🦸🏻♂️
Having trouble keeping up with incentive options on GC? Check here.
Multichain deployments and games on GC are 🔥
Join Gnosis Chain, Azuro and more April 19 in Amsterdam at the Hacker House and After Party!
⑂ Network Upgrade
A hard fork (HF) is coming to the Gnosis Chain! The community has voiced their support for a HF to upgrade the Permittable Token contract functionality for bridged tokens. This update is designed to prevent future reentrancy attacks such as the ones suffered by Agave and Hundred Finance and their users on 15 March, 2022.
For additional context, details and discussion see GIP-31: Should Gnosis Chain perform a Hardfork to upgrade the token contract vulnerable to the reentrancy attack?
HF Schedule
Block Number:
21,735,000Approximate Time: 20 April 2022 ~ 6:30am UTC
If you are a user of the Gnosis Chain, you don’t need to do anything and day-to-day functionality should not be impacted. However, if you are running a node with either OpenEthereum or Nethermind, you will need to upgrade to the new version.
→ ⑂ Node Upgrade instructions here
Clients are ready and node runners can upgrade now. Please plan to upgrade as soon as you can before April 20 so we can have a smooth and successful HF!
Response to Impacted Protocols
Related to the upgrade are proposals submitted to the GnosisDAO forum by the Agave and Hundred Finance protocols impacted by the exploit. There has already been some interesting debate on both.
GIP-34: Should Gnosis DAO support in a reimbursement plan to the Agave Community
Should GnosisDAO respond to the Hundred Finance exploit in the following manner?
On Monday, 11 April at 2PM UTC a Gnosis Community Call on Twitter Spaces will focus on Agave proposal GIP-34. Hope you can join for what should be a spirited and informative call!
🦉GnosisDAO updates
The GnosisDAO Forum is moving fast with GIPs updating to Snapshot and new proposals emerging daily. For a full overview, head to the forum.
⚡️Live on Snapshot⚡️
GIP-29: Spin-off SafeDAO and Launch Safe Token
Voting concludes April 15, 2022
GIP-32: Reimburse expenditures to the Gnosis Chain Core Development Unit (formerly xDai Chain team)
Voting concludes April 13, 2022
🦉GnosisDAO Forum🦉
GIP-34: Should Gnosis DAO support in a reimbursement plan to the Agave Community (to be discussed on Monday)
GIP-33: Should Gnosis DAO send vested COW tokens to daughter Safe for treasury management
Staking & 💧Liquid Staking
Validators staking on the Gnosis Beacon Chain surpassed 70K this week!
Liquid staking with Stakewise is also taking off 🛫 . Over 18K validators are now a part of the liquid staking pool, up from 6K just last week!
Additional utility is being introduced for Stakewise stakers.
Curve sGNO/GNO pool is now available. Provide low-slippage liquidity to receive LP tokens you can stake for additional rewards.
mGNO is also available for direct staking with Stakewise, and can be deposited using the dashboard.
In addition to supporting many GC DeFi protocols, Debank now tracks both staked and reward GNO from StakeWise in their portfolio dashboard.
🏅Incentives
While staking is a great way to receive incentives for helping secure the chain, there are many other ways to receive incentives on the Gnosis Chain. It’s hard to keep up! We’ve created a simple page to start tracking incentive programs available on the chain including liquid staking, yield farming, money markets and more.
🏅Incentives on the Gnosis Chain
Case in point, an interesting farming opportunity from Giveth was introduced this week - check it out!
Giveth @Givethio
🙌 Now we're opening the gates of the #GIVfarm to empower other #Blockchain4Good #DAOs w/ this tech! 👨🌾 Enter #RegenFarms: A roster of lucrative #ReFi opportunities that support projects changing the world 🌎 🗞️ Read all about it! https://t.co/Ob4QtcMvc0 @karmaticacid https://t.co/cjxWjlPGhN⛓ Multichain Integrations
Gnosis Chain continues to be an important destination for protocols deploying across multiple chains. This week, several new projects chose to add GC integrations.
FoxWallet, a user-friendly Web3.0 portal, added a Gnosis Chain integration.
RocketX Exchange aggregates both CEXs & DEXs to find competitive cross-chain rates. Gnosis Chain was added to their roster.
Augmented Finance is a DeFi liquidity protocol with cross-chain compatibility now supporting the Gnosis Chain.
🎮 Gaming on the GC
Blockchain gaming is a growing use case that gives players opportunities to add economic incentives, code-based augmentations and other interesting mechanics. Games continue to push boundaries on the Gnosis Chain. A few updates from the week:
Conquest.Eth beta wraps up this week with a frenzy of last minute action! Follow their twitter for updates and news of the next release.
DarkForest is running a design contest with xDai prizes for best planet design, best quasar design, weirdest design and more! Catch the details at https://blog.zkga.me/renderer-plugin-contest
📡 On the Radar
RealT are pioneers in the ecosystem, and their latest offering is coming soon to Gnosis Chain! Their new RMM platform, based on Aave’s open-source protocol, will open to Beta next week. It will allow users to leverage Real Tokens, add them to liquidity pools, and participate fully in DeFi on GC. Coming soon https://rmm.realtoken.network
Gnosis Chain will be partnering with Azuro to present a unique 1 day hackathon and hacker house experience during devconnect in Amsterdam. Come for the hacker house and stay for the party featuring multiple DJs and much more 🔥. We hope to see you in Amsterdam April 19!!
🙏 Thank you for your participation and active engagement with the Gnosis Chain and Community! We hope to see you on the Community call Monday, in person in Amsterdam, or anytime on-chain!
-The Gnosis Chain Team
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