Gnosis' biggest strength has been its ability to evolve: From Prediction Markets to Wallets/Exchanges to Gnosis Chain.
Now it is time for the next step of the evolution:
Transforming Gnosis into the settlement layer for on-chain payments.
Three main components united by GNO…
1/ Today's arrest of a developer for writing privacy-preserving software reminds me of the US government's criminal investigations against PGP developer Zimmermann for "munitions export without a license". Cryptosystems using keys >40 bits were considered munitions.
I got contacted today by several Russian-based teams looking to relocate to western Europe.
Putin does everything to accelerate the brain drain from Russia.
50% of this space was built by Russian but almost all left Russia a while ago. What a missed opportunity.
S in zk-SNARK stands for succinct. No matter how complex the solution is, the proof size is always constant 288 bytes. This is why zk-SNARKs are not only a solution to privacy but also scalability. We use them in our DEX to verify batch results:
@fleupold_
Deflationary ETH is great for the narrative of ETH but high tx fees are bad for the growth of Ethereum as a platform. Making Ethereum accessible for everyone should be our first goal. Extracting value from users should come second.
1/12 Why I am optimistic for crypto in 2023, what will drive blockchain demand, and what projects to watch out for in 2023:
Markets are down but fundamentals are strong. To get out of the speculative bubble, connecting blockchain to “the real world” will be key.
1/2 An important date for $GNO holders:
This Sunday (9th) the GNO snapshot for the CowSwap airdrop is taken. GNO must be held in a wallet either on Ethereum or on Gnosis Chain. GNO held on any CEX won't be eligible! GNO used in any of those protocols will also be considered: 👇
3/ The Tornado Cash team is amazingly talented and brought much-needed privacy to Ethereum. Hopefully, everyone will recognize again, that writing software is an expression of free speech and tech is neutral.
4/ The actions against TC also showed us painfully decentralization is a spectrum and we are still way too centralized in many components and prone to censorship. Running your own node, pinning IPFS-hosted frontends, there are many ways to contribute to a decentralized future.
DAOs are the most important application of blockchain.
Only through DAOs we will be able to develop, launch and maintain the decentralized infrastructure we want to create.
They replace the last central point: Us.
They are coming.
Our own
@josojo3
,
@fleupold_
and Ben just released the specs for Plasma Snapp - fully verified plasma chain using ZKSnarks. Follow up on the discussion here:
.
@graphprotocol
has become a default choice for us implementing indexing infrastructure.
Today we are migrating our first subgraph to mainnet.
A big step towards decentralizing indexing infrastructure!
5/ Ultimately, we will have to convince regulators and the public of the benefits of what we are building. While the benefit of tech like TC is obvious to most of us, we will only be able to convince everyone by making the tech ubiquitous, private txs have to become the default.
It is done:
@gnosisSafe
is on mainnet! The most easy to use multisig & first smart contract based wallet for end-users. It took us over one year of hard work. Very happy for our team and excited for the future. This building block will enable many new possibilities.
#BUIDL
Download the
@gnosisSafe
Android app now and deploy your mobile-friendly personal smart contract wallet. 📱Add a Chrome extension for 2FA 💻🔐. Here's how:
.
@jbaylina
's work on zkEVM is truly mindblowing. Once it is completed we are one step closer to the holy grail of scalable EVM-based blockchains. I recommend watching his talk:
2/ The investigation of Zimmermann was closed after several years without filing criminal charges against him.
Meanwhile Zimmermann "decentralized" the knowledge by publishing the entire source code of PGP in a mass-printed book circumventing regulations.
1/3
An important update for $GNO holders:
The GNO locking contract is live and allows deposits until February 15th. You can lock your GNO for one year to receive a vested CowSwap airdrop. 5% of the supply of CowSwap tokens will be distributed.
GBC validators are eligible too.
1/ From today on there are two truly decentralized exchange protocols:
@UniswapExchange
(bonding curve based exchanges like
@BalancerLabs
@CurveFinance
) and the Gnosis Protocol.
This is how they are similar and how they are different:👇
Devcon4 was the best of all devcons. A good mix of technical and visionary talks representing the diversity of attendees. Focus on WHY are we building this. No hype, no ICO. Productive.
Thank you for organizing Amber Fowler,
@hudsonjameson
,
@mames
,
@JosefJelacic
,
@mi_ayako
.
1/ Gnosis ❤️ xDAI
We are happy to announce a partnership between Gnosis and xDAI. We invest in xDAI and are replicating all our applications on xDAI. Here is why:
A fix for the
@OpenEthereumOrg
issue was found by
@mhswende
and implemented by
@sorpaas
.
New binaries are being built and will be soon available for download.
This was a big team effort across client teams with many core devs involved. Thank you for everyone contributing to it!
xDAI is the perfect Ethereum staging environment combining very low transaction fees with real economic incentives. New DeFi projects should be tested on xDAI first before they control millions on Ethereum mainnet.
As soon as I saw StableCredit I told
@azacharyf
I wanted to build sandbox on xDAI. Then
@makoto_inoue
arranged this great call with
@AndreCronjeTech
and he explains it all and even hints that it would be perfect to copy to xDAI. Let's do it! Who's in?
We are hiring a VP of Technology for Gnosis:
You will be responsible for providing technical leadership, fostering innovation, and ensuring the overall success of our technology initiatives incl.
@gnosischain
,
@gnosispay
and
@CirclesUBI
.
Apply here:
For the first time, Ethereum is not the first L1 to apply the next hard fork (Dencun).
Gnosis Chain will do it first, providing a preview of what will happen to Ethereum in 2 days.
Incredibly proud of the teams involved
@NethermindEth
@ErigonEth
led by
@filoozom
and
@dapplion
.
What’s better than Dencun?
Double Dencun!
@gnosischain
in ~8h and Ethereum in 2 days.
This move makes sure that on Gnosis you will continually find cheap block space (in form of gnosis L2s) that are closest to the Ethereum tech stack even when the gnosis main chain fills up!
Ethereum Parity Client is currently facing some syncing issues and
@ParityTech
is looking into them right now. Going forward Parity will receive continuous support by Gnosis and others. The client will be maintained.
We have received multiple reports that
@ParityTech
nodes are randomly falling out of sync on the
#Ethereum
mainnet. See for more information. If you are using Parity as mining node we recommend to switch to geth as soon as possible.
The total supply of GNO was successfully reduced to 3M GNO. The FDV is now $782M.
This gives
@GnosisDAO
plenty of firepower and investors certainty about the future supply of GNO.
Magic with
@Keycard_
and
@gnosisSafe
: A true 2FA transaction is signed with a private key on the phone and in addition with a private key in a secure enclave on the Status keycard. The most easy-to-use multisig! It also works with dApps using
@WalletConnect
!
1/ After months of preparation, we are proud to announce and launch GnosisDAO, a prediction market-driven organization. GnosisDAO is not only changing the way Gnosis operates but also gives an answer to the future of $GNO and $89M!
This is how it will work from today on👇
1/2 I just donated $50k to the
@Unchainfund
. A trustworthy team distributing funds efficiently to support >only< humanitarian needs in Ukraine.
In addition, I will add $10 for every new GNO validator coming online within the next week (currently 58,837)!
Apple is blocking a
@gnosisSafe
app update because they don't make money from NFTs bought through the app. We are still too dependent on companies like Apple.👎
@Apple
NGMI.
Apple is blocking a release of our
@gnosissafe
mobile app because we display NFTs in it. After 2 weeks of back-and-forth, I felt that we need to talk publicly about this to raise awareness.
See the thread for details and why this might affect other wallets and apps as well. 👇
1/
We are happy to announce the first release of OpenEthereum (previously Parity Ethereum)!
The release contains some important bug-fixes and support of eth/64 and node discovery v4. Try it here:
There are a few other important updates:
We're happy to share the first update from OpenEthereum, a project overseen by Gnosis
@gnosisPM
to continue development of the lightweight Ethereum client written in Rust.
Parity is an important part of today's Ethereum ecosystem.
@ParityTech
did a great job developing it so far but now it is time to move on. We are happy to contribute and keep it running. Apply here to help us:
We are planning to move Parity Ethereum to a DAO ownership & maintainer model.
#OpenEthereum
will provide the basis for cross-org collaboration to ensure the codebase gets the attention it needs to realize its full potential.
1/ is live!
A full decentralized AND easy to use prediction market based on
@gnosisPM
technology launched by
@Dxdao_
.
It is a new building block to surface information in our ecosystem!
This is how it works and what is part of it:
1/Very excited about the launch of the official successor of the Gnosis Multisig.
We put our money where our code is and move all our company funds over the next months into the new contracts starting with 10k ETH today:
Why it makes sense to switch: 👇
1/3 Today is a big day for
@safe
:
With the separation of the Safe {Core} services from the Safe {Wallet}, we underline the importance of Safe as a core infrastructure component for account abstraction and access control.
The ETH2 launch shows Ethereum's biggest strength: A powerful community. Seeing so many individuals participating and running their own nodes is exciting!
Thank you
@DAppNode
team for democratizing node infrastructure! Happy to be part of it💀
I just voted on the first membership proposal to accept the new Moloch members. It will be exciting to have
@VitalikButerin
,
@ethereumJoseph
(EF/
@ConsenSys
) as fellows and decide together on grants. Thank you
@ameensol
for making this possible and for supporting
@gnosisSafe
! 🙏👹
Last week I did most of my transactions on the
@xdaichain
. If you are using
@darkforest_eth
or
@CirclesUBI
you are a xDAI user! With more funds on xDAI the need for secure wallets increases.
We are happy to announce
@gnosisSafe
is now on xDAI!
We just released the Safe Multisig on the
@xdaichain
!
By accessing Safe on the xDAI network, you can now enjoy instant transactions with low network fees.
To get started connecting to xDAI via Metamask, check out our tutorial:
A big step for
@safe
:
The SafeDAO is launching to steward the Safe ecosystem.
I am excited to see the collaborations between SafeDAO and
@GnosisDAO
. 5% of the SAFE supply is given to a Safe jointly controlled by SafeDAO and GnosisDAO to foster Safe adoption on GnosisChain!
📢 Gm ladies and gentleman, quick update from your cabin crew: Make sure your seat belt is securely fastened and your seat backs and tray tables are in their full upright position as we start with the descent for our planned layover - launch of SafeDAO.
In an effort to improve the
@gnosisSafe
's dapp interoperability, we have decided to offer $3,000 microgrants to teams interested in building a
@WalletConnect
integration that is compatible with the Safe. Apply today! 👉
I contributed 5 ETH to
@AssangeDAO
.
I'm not going to just stand idle while the US prosecutes Julian for helping to expose its war crimes, just because he doesn't have the aesthetics of the New York Times.
1/2 The outcome of the AllCoreDevsCall:
#ProgPow
won't be included anytime soon but is not written off yet. However, there is consensus among core devs that ProgPow won't be included in case an important part of the community is against it.
This is a very sad and terrifying outcome.
The US government is increasingly worried about losing influence and reacts with unjustified draconic punishments to set examples.
Virgil didn't harm anyone.
This is a completely broken system.
he pleaded guilty
made a plea agreement with the Gov for a recommended 5-6 year sentence
was brutal to watch, he could barely keep his head up
only hope now is leniency from the judge
NEVER use your phone SIM as 2FA. You basically trust a random person from your mobile provider to not compromise you. I hope
@Twitter
will finally allows us to use other means of 2FA after
@jack
got hacked.
Finally back to Japan! A short stay in Tokyo before heading to Osaka/Devcon. Looking forward to meet you all again! Ping me if you want to talk about
@gnosisSafe
, decentralized exchanges or prediction markets and join my presentation on Friday about Seedless Recovery ;) 🇯🇵🙏
dutchX failed as a product but turned out to be a great game to select a great team of believers in decentralization. This team is guiding the future of the
@Dxdao_
, prepared a token sale, and raised $1,000,000. Congratulations!
The formal verification of
@gnosisSafe
contracts is completed. It took several engineers several months. Thank you to
@rv_inc
for the collaboration and
@ethereumecf
for co-funding it!
This week's biggest news is the passing of a proposal that aims to deploy Uniswap v3 on the Gnosis Chain.🦉
We are super thrilled to see the proposal passing and would like to thank both Uniswap and Gnosis Chain community for their support.💚
Proposal:
The vote has begun!
$STAKE and $GNO token holders can now vote on the merger snapshot proposals. Only if both communities accept the proposal the merger will be done.
Gnosis snapshot:
xDAI snapshot:
For the WIP report, follow this link:
About us: Autonolas is a platform allowing developers to build new kinds of autonomous, decentralized apps. DM us to learn how Autonolas' autonomous services could help your DAO improve its diversification/yield. 🦾
1/4 Some more comments:
The high demand for tx on Ethereum is great but it is unfortunate that the demand is much higher than what Ethereum can process.
Concerning is that we seemingly accepted Ethereum block space is very scarce and has to be very expensive - a whale chain.
Deflationary ETH is great for the narrative of ETH but high tx fees are bad for the growth of Ethereum as a platform. Making Ethereum accessible for everyone should be our first goal. Extracting value from users should come second.
After celebrating ETH2 let's appreciate the work, which is done to keep the actual network running!
I just donated $500 to each ETH1 client team via gitcoin!
Finally we can affirm one of our most frequent & urgent user requests: integrating more EVM-compatible networks!
With each network hosting a vibrant ecosystem, we couldn't offer just one integration – so we'll start with
@Polygon
,
@arbitrum
&
@binance
.
The current Ethereum fee market is one major blocker for adoption.
@hasufl
and
@gakonst
analyzed how EIP-1559 by
@econoar
and
@VitalikButerin
make fees more predictable and helps to resolve network congestion. Worth reading:
1/2 Very excited about this release of the
@gnosisSafe
mobile app: We are including mobile signing!
Until now most used their Safes with hardware wallets like Ledger or Trezor. This comes with significant disadvantages: Signing UX is suboptimal and slow.
👇
Introducing Mobile Signing! 📱✉️ 🏃♀️
You can now always leave your Ledger at home. Confirm transactions on the go using the Safe Multisig Mobile app.
Read our tutorial to find out more.
I'm proud to release Gas Saver Gnosis Safe Module
a user smart-contract module for
@gnosisSafe
wallets which let you interact with
*ANY* protocol
and save tons of gas leveraging
@1inchExchange
$CHI and $GST2
Below how to use it and examples 👇
Run
@OpenEthereumOrg
to make Ethereum more resilient.
It is stable and up-to-date. Geth still has a market share of >80%. We need more client diversity to be more resilient.
Nansen uses
@OpenEthereumOrg
so we are currently unaffected by the Infura incident.
Monitoring the situation, and hope it gets resolved soon for those impacted.
Governance is broken.
DAOs are reducing costs to experiment with new governance structures and allow us to improve status quo.
The next big step is coming:
The biggest DAO experiment since THE DAO.
Read:
#DAOnow
#dxDAO
@daostack
Feb18th T-35D
False information about
#COVID19
is proliferating around the world.
We are going to launch a series of
#COVID19
prediction markets to find answers to important questions and reduce misinformation.
Follow
@corona_markets
and join our discord to discuss:
1/
🦄 Today we are thrilled to present a detailed overview of Uniswap v3, the most flexible and capital efficient AMM ever designed!
🏃 Mainnet launch is scheduled for May 5, with a scalable Optimism L2 deployment set to follow soon after
Probably the most important proposal for Etheruem right now. It has our full support! PoS itself adds a lot of value to Ethereum even without sharding in place and adding this value ASAP will help to manifest the value of ETH.
Ethereum transactions require users to own ETH to pay for fees.
@gnosisSafe
lays the foundation to allow users to pay fees with any ERC20 token by combining the user transaction with a refund transaction refunding the submitter. No hard fork required.
Gnosis chain merged successfully! 🐼
Merge block 6,306,357 is here, and finalized 🙏🔥
Thank you everyone for the hard-work, specially
@nethermindeth
@mandrigin
@gnosischain
Three important amendments were added to the xDAI merger proposal. Voting will start tomorrow!
1. Guaranteed Stake/ETH ratio
2. Distribution of GNO through an EcosystemDAO
3. Conditional Execution: Only if STAKE holders agree, the proposal will pass.
Markets are down but we are still hiring!
Join our
#OpenEthereum
team to work on the 2nd most used Ethereum client and shape the future of Eth1.x. We are looking for rust developers and a project manager.
We are also hiring for our fabulous marketing and BD team. Check here:
Two big updates for
@gnosisSafe
users:
1. There is now a Desktop App! You don't have to rely on our hosted interface anymore!
2. Finally, you can interact with any smart contract using the ABI encoding feature!
We have some big
@gnosisSafe
Multisig news for you:
🖥️ The Safe Multisig is now available as a downloadable desktop app for Linux, MacOS, and Windows
📜 A new convenient way to interact with any smart contract
Details in the thread 👇
1/ Big News for
@gnosisSafe
:
Safes become DAOs!
By combining Snapshot off-chain voting with Safe on-chain execution we get the best of both worlds: Gasless voting + trustless on-chain execution!
Thanks to our supporting launch partners
@iearnfinance
@SushiSwap
@BalancerLabs
..
1/ Back to important issues:
The current implementation of the ETH2 deposit contract would favor centralized staking services.
By allowing to set the withdrawal address to an ETH1 address, we can make those rights tradable and allow for non-custodial staking (e.g. using Safe)!
@tarunchitra
@cyounessi1
@jadler0
@bneiluj
@_prestwich
@gakonst
If needed we could just allow a feature where you can set the withdrawal key to be an eth1 address, so there would be a contract that would have the rights to future ETH coming out of the validator when it withdraws in phase 1.5+. Those rights could then be "deposited" today.
From today on you can start using DeFi applications with multisig security. Starting with compound, Safe Apps can be built by anyone to make interaction with Safes seamless. Which Safe App would you like to use?
Introducing Gnosis Safe Apps
You can now put your funds to work in your favorite DeFi protocols like Compound
@compoundfinance
directly from the Gnosis Safe Multisig interface.
#defi
The $GNO token holders are voting on burning 7M GNO (70% of the total supply):
If voted in favor this will impact the FDV and give more certainty to GNO holders/investors about the future circulating supply.
We recently published two papers on our DEX research:
1 How to determining uniform clearing prices for all pairs of tokens involved in a multi-token batch auction.
2 How to build a batch auction exchange of ERC20 tokens using plasma technologies.
Follow
1/n Very excited about the launch of
@GnosisAuction
! Gnosis Auction allows launching new tokens using a simple and fair batch auction for price discovery!
The new mechanism prevents frontrunners/MEV from extracting value from token projects (sellers) and users (bidders).
Very excited to have
@econoar
as part of
@gnosisPM
. His understanding of the Ethereum ecosystem is outstanding. We still have a lot to build and ship and Eric will support us moving into the right direction. Welcome to the team!
I’m extremely excited to announce that next week I’ll be joining the
@gnosisPM
team. This is my first full time opportunity in the Ethereum space and I couldn’t be more thrilled.
I will be helping them build out their product suite and finding what users want most.
.
@gnosisPM
goals for 2019:
1. Let the dxDAO control the DutchX trading protocol.
#DAOnow
2. Launch a first version of our dFusion exchange.
3. Bring recovery to
@gnosisSafe
to make seed backups redundant.
4. Launch first prediction market (w. stable coin) integrated into our DEX.
Offboarding Crytpo is still hard, time-consuming, and costly.
@gnosispay
is here to change this by leveraging on-chain liquidity in self-custodial wallets connected to VISA.
We asked people how they would pay for a coffee with their crypto ❓
The answers were quite interesting…
Have a watch and let us know below how YOU would buy coffee with crypto 🎥
Very excited about this new feature included in the next bigger release of the
@gnosisSafe
: Users won't need Ether anymore to use Ethereum. Having any ERC20 token, which is traded on
@slow_trade
will be sufficient to pay gas costs! Onboarding to DApps will get a lot simpler!
Today, we're happy to announce that
@gnosisSafe
users will soon be able to pay transaction fees in OWL, as well as tokens that are traded on the DutchX protocol. We'll also accept other ERC20 tokens for gas payments in the future. Read more here 👉
1/12
The
#1
question we are getting is "Why is Gnosis Chain not an L2?".
L2s are NOT the silver bullet for solving scalability.
The "Ethereumverse" will complement the L2 strategy creating block space to scale to future demand.
This is why:
We’re proud to share the news today that
@ConsenSys
has acquired Quorum from J.P. Morgan and will merge the enterprise protocol engineering roadmaps and technology. JPM has also made a strategic investment in ConsenSys.
#WelcomeQuorum