According to PANews, on May 8, GnosisDAO is voting on proposal GIP-150 to allow GNO token holders to redeem their proportional share of treasury assets at net asset value (NAV). As of the report, approximately 64.8% of votes oppose the proposal, with voting concluding on May 13.
Under the proposal, participants can burn GNO tokens to receive their proportional allocation of ETH, stablecoins, BTC, and other assets held in the treasury. Non-liquid off-chain investments worth approximately $25 million and potential value from Gnosis Ltd will be handled through synthetic token gLTD-CLAIM for future yield distribution. Redeemed GNO tokens will be permanently destroyed. Proponents argue GNO has traded at a significant discount to treasury net asset value, and recent capital injections have failed to narrow the discount.
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