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GnosisDAO community releases proposal to "Allow GNO holders to proportionally redeem their earned treasury shares"
Golden Finance reports that on May 8th, the GnosisDAO community released a proposal to “Allow GNO holders to proportionally redeem their entitled treasury shares.” The proposal aims to enable GNO holders to exchange their tokens for shares in the GnosisDAO treasury, allocated proportionally. Non-participants will retain their GNO and continue to enjoy all economic benefits from the ongoing operation of the DAO, with liquidity and semi-liquid treasury assets distributed based on net asset value.
Non-liquid off-chain investments and corporate value are handled through the synthetic gLTD-CLAIM, which grants participants a fixed proportion of future dividends from the asset pool after their capital reaches the principal recovery threshold upon redemption. Redeemed GNO will be burned, permanently reducing the effective circulating supply.
As of press time, the proposal currently has a rejection rate of 64.81%.