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🦉Gnosis Weekly Recap ~ 4 July 2025

Gnosis Team

• 3 min read

🌅 From Cannes to Real-World Impact

As the Gnosis team returns from EthCC in Cannes, the focus shifts back to what matters most: building products that deliver genuine value to real users. This week brought a significant validation of that philosophy.

🔥 This Week's Key Updates

💳 Gnosis Pay Hits Major Milestone: 1 Million Payments

Gnosis Pay reached a landmark achievement this week, processing its 1 millionth payment through the Gnosis Pay card. This milestone represents more than just a number—it's proof of concept for real-world crypto adoption at scale.

The achievement comes as Gnosis co-founder Friederike Ernst emphasized the importance of building "ACTUAL PRODUCTS for ACTUAL PEOPLE." Her message resonates particularly strongly as Gnosis Pay demonstrates how blockchain technology can seamlessly integrate into everyday financial transactions without requiring users to compromise on convenience or functionality.

While Friederike noted that "numbers are still modest," the momentum is undeniably building. Each payment processed through Gnosis Pay represents a small victory in the broader mission of making decentralized finance accessible and practical for mainstream adoption. The milestone sets the stage for even more ambitious targets, with the team already looking ahead to the next 10 million payments.

🎥 Circles Deep Dive: Reimagining Money at Pragma Prague

ETHGlobal released footage from Pragma Prague 2025 featuring a fireside chat between Kartik Talwar and Friederike Ernst. The 23-minute discussion provides a comprehensive breakdown of Circles—covering everything from traditional money mechanics to the web-of-trust model, identity solutions, and practical adoption strategies.

The conversation explores how Circles enables individuals to issue personal currencies using modern cryptography, while addressing real-world challenges like liquidity and network effects. Particularly timely given this week's focus on building for actual users, Friederike discusses Circles V2's user-friendly features and the journey from "cognitive shift to practical usage."

🗳️ GnosisDAO Governance: Community Approves Nethermind Partnership Renewal

GIP-126 has passed, with the community voting to renew the long-term strategic partnership with Nethermind for Gnosis Chain maintenance and development. The proposal secures 750,000 DAI in funding for the first year starting June 2025, with annual 4% increases to support ongoing contributions.

This decision reinforces the network's commitment to maintaining security, stability, and alignment with the Ethereum roadmap. Nethermind's continued partnership extends well beyond client implementation, encompassing the broader technical infrastructure that keeps Gnosis Chain operational and competitive within the Ethereum ecosystem.

The successful vote demonstrates strong community confidence in both the partnership's value and GnosisDAO's governance processes for critical network decisions.

🗳️ New Governance Proposal: GIP-127 Addresses LP Reimbursement

GIP-127, a new phase-2 proposal from kpk, seeks community approval to reimburse liquidity providers in the Balancer EURe/sDAI pool for losses caused by a rate provider misconfiguration. The issue, reported by NolanV, involved stale pricing windows that allowed arbitrageurs to extract up to $330,000 in value from LPs. Given the pool's importance to Gnosis Pay's growth over 18 months, the proposal demonstrates GnosisDAO's commitment to fair treatment of key infrastructure supporters.

✍️ Gnosis is Hiring!

🦉💳 Gnosis Pay

Customer Relations Agent

Permanent Employee, Full or part-time · Sao Paulo

🌍 Ecosystem Friends

🌐 Epicenter

Epicenter Podcast - Head of Production

Freelancer, Full or part-time · Remote

🔐 Bermuda Protocol

BizOps Manager

Freelancer, Full or part-time · Remote📊 Operations

To get more involved in the Gnosis ecosystem, explore the links below:

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