GnosisDAO has approved GIP-154, a proposal that will provide Gnosis Ltd with $15 million in stablecoin funding over 12 months starting September 1, with payments made quarterly. The funds are designated to support the Ethereum Economic Zone (EEZ) buildout and continued R&D for Gnosis Chain and Gnosis Pay. The proposal also includes a $2 million working capital loan for Gnosis Pay, which must be repaid to the DAO. Gnosis confirmed the outcome in a post on X.
Gnosis confirmed on X that governance proposal GIP-154 has passed the DAO vote. The proposal will provide Gnosis Ltd with $15 million in stablecoin funding over a 12-month period beginning September 1, with disbursements on a quarterly basis.
The funds are allocated to support the buildout of the Ethereum Economic Zone (EEZ) and continued research and development for Gnosis Chain and Gnosis Pay. A separate $2 million working capital loan for Gnosis Pay is included in the same proposal, and must be repaid to the DAO.
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