Gnosis DAO has approved the proposal to "implement a $30 million GNO buyback plan."
ChainCatcher news, according to the Snapshot page, the Gnosis DAO community has approved the proposal to "implement a $30 million GNO buyback plan" with a support rate of 81.9%. The proposal suggests allocating approximately 5% of Gnosis DAO's assets (mainly SAFE, ETH, and stablecoins) to fund the $30 million buyback plan, aimed at keeping the GNO price above its book value.
The proposal recommends splitting the $30 million into two equal parts, allocated to specific strategies:
$15 million in CoW-TWAP orders, to be executed at any price below the dynamically calculated book value over the past six months.
$15 million to be fully managed by Karpatkey, allowing them to take advantage of the most favorable opportunities. The proposal states that the specific details regarding asset composition, trading venues, and financing buyback methods (e.g., converting altcoins to ETH for use in this plan through market makers, OTC trading, or on-chain trading) will be managed by Karpatkey.
