ME News reports that on August 28 (UTC+8), Gnosis announced on Twitter that GnosisDAO proposal GIP-154 has passed voting, approving a $15 million stablecoin grant to Gnosis Ltd. over 12 months, starting September 1, disbursed quarterly to support the development of the Ethereum Economic Zone (EEZ), Gnosis Chain, and Gnosis Pay. The same proposal also includes a $2 million operational loan for Gnosis Pay, which must be repaid to the DAO. (Source: Foresight News)
GnosisDAO Approves GIP-154 to Allocate $15 Million in Stablecoin Funding to Gnosis Ltd
KuCoinFlashShare
Summary
GnosisDAO approved GIP-154, allocating $15 million in stablecoin funding to Gnosis Ltd over 12 months, beginning September 1. The funds will support the development of Gnosis Chain, Gnosis Pay, and the Ethereum Economic Zone. A $2 million working capital loan for Gnosis Pay is also included, with repayment required to the DAO. Altcoins to watch may experience shifts as funding rates for key projects like Gnosis remain under scrutiny.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.