A $223M DAO vote could turn governance into a cash-out button

GnosisDAO's GIP-151 passed with 215% of the required quorum, 49 votes representing a voting weight roughly 2.15 times the 75,000 GNO minimum threshold. The proposal authorized a one-time pro rata treasury redemption, allowing GNO holders to surrender tokens in exchange… GnosisDAO's GIP-151 passed with 215% of the required quorum, 49 votes representing a voting weight roughly 2.15 times the 75,000 GNO minimum threshold. The proposal authorized a one-time pro rata treasury redemption, allowing GNO holders to surrender tokens in exchange for a proportional share of liquid treasury assets. A passed governance vote on a treasury […] The post A $223M DAO vote could turn governance into a cash-out button appeared first on CryptoSlate.