GnosisDAO's GIP-140 proposal has been approved, marking a significant governance update for the Gnosis ecosystem. The proposal, which passed with 82 votes in favor, transitions from a subgraph-based GNO strategy to on-chain data sources, aiming to enhance Snapshot voting accuracy and reduce dependency on external providers. This update also introduces support for StakeWise tokens, promoting greater transparency.
Despite the governance upgrade, Gnosis (GNO) experienced a 0.89% decline in the past 24 hours, underperforming the broader cryptocurrency market. Technical analysis indicates resistance levels at $137.93 and $138.47, with a bearish MACD suggesting potential short-term consolidation. Market sentiment is further impacted by liquidity issues following CoinDCX's delisting and ongoing regulatory uncertainties surrounding stablecoins. Nonetheless, the ecosystem shows growth potential, highlighted by Gnosis Pay reaching a $100 million transaction volume milestone.
GnosisDAO's GIP-140 Proposal Passes, GNO Price Faces Volatility
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