Gnosis DAO Redemption Vote Flips as 67,000 GNO Whale Backs Proposal; 65% Support

According to ChainCatcher, Gnosis DAO is conducting a Snapshot vote allowing GNO holders to redeem DAO treasury shares proportionally. The treasury holds approximately $223 million in assets, with 1.3 million GNO eligible for redemption at roughly $170 per token versus the current trading price of $132, representing a 27% discount.

The vote has reversed twice in 24 hours. After Gnosis co-founder Stefan George cast an opposing vote, a whale holding 67,000 GNO voted in favor, swinging momentum back to supporters. Current results show approximately 116,000 GNO in favor (65%), 59,600 opposed, and 1,600 abstaining, exceeding the 75,000 GNO quorum threshold. Voting continues until May 12.