Gnosis (GNO)

Gnosis DAO voting on one-time, pro-rata treasury redemption.

Logic:

- GNO trades at ~$106
- The treasury behind each token is worth ~$115

So GNO trades below the assets backing it.

GIP-151 lets holders:

- Redeem your GNO for your pro-rata share of the $156M treasury at NAV. Liquid assets in kind, the rest in stables

- Or keep your GNO.

That's about 7% discount.

Seriously, if you're a $GNO holder and even if you believe in Gnosis, you should redeem, and buy back more of $GNO

(although taxes would complicate the calculations).

Ideally, $GNO price catches up with the Treasury value before the vote ends.