🦉Gnosis Weekly Recap ~ 24 January 2025

From Remittances to Retail: How Gnosis Pay is Changing Daily Transactions
Every year, millions of people send money across borders to support their families, often losing significant portions to fees and waiting days for transfers to complete. Gnosis Pay is transforming this reality by combining the efficiency of blockchain technology with the convenience of traditional payment systems.
Reimagining International Transfers
The current remittance system poses significant challenges: high fees, long processing times, and limited accessibility. Gnosis Pay addresses these pain points by leveraging blockchain technology while maintaining the familiar experience of using a Visa card. This means workers can send money home instantly, with minimal fees, while recipients can access funds immediately through their Gnosis Pay card.
True Financial Inclusion
At its core, Gnosis Pay is a self-custody wallet integrated with Visa payment rails. This unique combination means users maintain complete control over their funds while enjoying worldwide acceptance. Backed by Safe, pioneers in self-custody multi-signature wallets, the system ensures security without sacrificing convenience.
Beyond Traditional Banking
Traditional remittance services often require both sender and receiver to have bank accounts, creating barriers for the unbanked. Gnosis Pay bypasses these limitations by allowing users to become their own bank. With reduced transaction costs, faster settlement times, and an always-on network, it delivers on blockchain technology's original promise of peer-to-peer electronic cash.
Part of a Larger Vision
As a key component of Gnosis 3.0, this payment solution represents a shift from infrastructure development to practical applications. It integrates with a broader ecosystem including:
Circles: A decentralized universal basic income project
Metri: A user-friendly crypto wallet designed for seamless everyday usage. With a focus on stablecoins and intuitive design, Metri makes it easy for anyone to enter the world of decentralised finance.
Hashi: Enhanced cross-chain bridge security
Building the Future of Finance
Gnosis Pay is creating a new standard for international payments by providing:
- Seamless bridges to traditional payment systems
- Robust liquidity for stablecoin exchanges
- A comprehensive ecosystem for global transactions
Whether sending money across borders or making everyday purchases, Gnosis Pay ensures users maintain ownership of their financial lives while enjoying the convenience of traditional payment systems. This isn't just about improving transactions – it's about democratizing access to financial services globally.
🦉Updates
🏢 GnosisDAO Approves HQ.xyz Acquisition for Gnosis 3.0
GnosisDAO has approved the acquisition of Headquarters (HQ.xyz) with revised terms through GIP-120. The acquisition will cost between $7M-$8.95M depending on investor options. Key terms include:
- 30% reduction in GNO allocation for investors, founders, team, and advisors
- 40% cash-out discount option for investors
- Founder compensation: 1/3 upfront, 2/3 vested over 4 years
This strategic acquisition aims to accelerate the development of Gnosis 3.0.
GIP-120 passed on Snapshot 🟢
— Gnosis (@GnosisDAO) January 23, 2025
Should GnosisDAO acquire Headquarters (https://t.co/uBINS4kJKA) to Accelerate Gnosis 3.0
👇https://t.co/tNukeP6evx
🔄 GnosisDAO Executes Key Treasury Operations (GIP 116)
The GnosisDAO has also approved several strategic treasury operations for karpatkey, including:
- Claiming GEL and COW tokens
- Converting WETH to ETH via Aave withdrawal
- Burning 3.15M vested GNO tokens
- Transferring FRAX, COW, WBTC, and stETH to treasury
- Creating delegates.gnosis.eth subdomain for Snapshot integration
Once the subdomain transfer is complete, karpatkey will proceed with implementing the delegates.gnosis.eth Snapshot subspace as approved in GIP 112.
Re-do of GIP-116 passed on Snapshot 🟢
— Gnosis (@GnosisDAO) January 24, 2025
Should the DAO perform the following treasury operations?
👇https://t.co/NQOJSE8wLw
🧧Shutter Hongbao x Gnosis Chain
The Shutter Network's Hongbao uses time-lock and threshold encryption to enable secure, non-custodial gifting of xDAI on Gnosis Chain.
It's also an easy way to onboard new users to crypto, introducing them to the Gnosis Chain ecosystem with minimal barriers.
🔑 Private keys are encrypted locally in the user’s browser.
🔒 Funds remain locked until the specified time.
This system is entirely non-custodial.
Introducing Shutter Hongbao (Alpha): A modern twist on a timeless tradition and an experiment in threshold encryption and crypto onboarding!
— Shutter 🛡️⚔️ (@ShutterNetwork) January 24, 2025
Send time-locked $xDAI gifts this Lunar New Year. It’s fun & an easy way to introduce someone to @gnosischain this holiday.
🧵1/6 pic.twitter.com/HaTmBW2BYv
🎙️ Friederike Ernst on DeFi Decoded
Gnosis co-founder, Friederike Ernst joined the DeFi Decoded podcast to discuss the GnosisDAO, Ethereum at a crossroads, and crypto's path forward. Mainstream adoption will depend on delivering on the original promises of decentralized ownership, individual agency, and superior UX. Give it a listen!
A fascinating conversation featuring our co-founder Dr. Friederike Ernst @tw_tter on @alextapscott's podcast @defidecodedpod!
— Gnosis (@GnosisDAO) January 24, 2025
Dive into what we're building at @gnosischain - from our vision for Web3 infrastructure to the evolution of Gnosis.
👇👇👇👇👇👇 https://t.co/FfehlybhNw
📈 Aave on Gnosis Chain Reaches New Milestone
Aave's presence on Gnosis Chain has achieved a significant milestone, hitting an all-time high with $108M in net deposits. This growth underscores the expanding multichain DeFi ecosystem and Gnosis Chain's increasing adoption as a key DeFi platform.
Aave on @gnosischain hits an all-time high 👀
— Aave (@aave) January 24, 2025
The DeFi Renaissance is multichain. pic.twitter.com/sA8aFRYyOy
🔄 Gnosis Co-Founder on Ethereum's Critical Role
Martin Köppelmann shares his perspective on Gnosis's deep integration with Ethereum, highlighting GnosisDAO's significant investments in SAFE, COW, and ETH. While acknowledging Ethereum's price action is secondary, he emphasizes the importance of Ethereum's infrastructure for Gnosis's key initiatives:
- Digital identity through Safe
- Global asset trading on CoWSwap
- Payment infrastructure via Gnosis Pay
- Personal token systems like Circles
Köppelmann stresses that these ambitious goals require a unified, efficient Ethereum ecosystem rather than a fragmented L2 landscape. He concludes that while Gnosis contributes to blockchain development, Ethereum's full capabilities are essential for realizing this vision.
Why @GnosisDAO needs Ethereum to win! https://t.co/KaKuMinMNq
— koeppelmann.eth 🦉💳 (@koeppelmann) January 22, 2025
💫 Gnosis Chain's Stablecoin Ecosystem Showcases DeFi Integration
Gnosis Chain has developed a comprehensive stablecoin infrastructure featuring:
- Monerium: Regulated onchain Euro
- Gnosis Pay: First self-custodial onchain checking
- Aave: Stablecoin lending platform
- Spark Protocol: Yield generation on sDAI
Users can leverage these integrated services by, for example, using ETH/sDAI/wstETH/GNO as collateral on Aave to borrow Monerium's EURe for GnosisPay card spending.
Over the past few years, an unparalleled suite of stablecoin products have been built out on @GnosisChain.@monerium - a fully authorized and regulated onchain Euro@gnosispay - the world’s first onchain self-custodial checking account@aave - for borrowing and lending… pic.twitter.com/4X7ixWYnG6
— elbagococina.eth (@elbagococina) January 21, 2025
✍️ Gnosis is Hiring!
🦉GnosisDAO
Ecosystem Growth Associate
Freelancer, Full-time · Remote, Germany (Berlin), Gibraltar, Portugal
🤖 Gnosis Labs
LLM Engineer
Freelancer, Full-time · Remote
💳 Gnosis Pay
Senior Software Engineer
Freelancer, Full-time · Remote
Customer Relations Agent
Freelancer, Full-time · Portugal, United Kingdom, Brazil
Product Manager - Onboarding
Permanent employee, Full-time · Portugal, United Kingdom, Brazil
⚙️ Metri
Senior Web Developer - remote from Europe
Freelancer, Full-time · Remote
💃 Marketing
Social Media Manager
Freelancer, Full-time · Remote, Germany (Berlin), Gibraltar, Portugal
🙏 Thank you
To get more involved in the Gnosis ecosystem, explore the links below!
Gnosis Discord
Gnosis on X
Gnosis YouTube
Gnosis Forum
Gnosis Chain Docs
Gnosis Pay
Metri
Circles
Hashi
Gnosis AI