Gnosis has opened a governance vote on whether to spin off Gnosis App into a separate company managed by the original team. The proposal, dubbed GIP-152, is now live on Snapshot. Under its terms, GnosisDAO would invest $1.5 million in cash and contribute $1 million in products and intellectual property, resulting in a combined $2.5 million position in the SAFE protocol. This translates to a post-money valuation cap of $10 million, and in return the DAO would secure at least 25% equity. The new company would take over the Gnosis App's product and IP. The app is currently built on the Circles protocol and focuses on decentralized payments for users in Europe. According to the proposal, operating independently will help the product develop faster and get closer to product-market fit (PMF), a model that has been validated by other Gnosis-incubated projects like CoW and Safe. Voting is scheduled to end at 22:19 on August 12, with a quorum requirement of 75,000 votes. As of this writing, the vote has reached roughly 13.2% of the quorum, with 65.93% of ballots in favor.
Gnosis announced on X that a proposal to spin off Gnosis App into an independent company run by the original team is now open for voting on Snapshot. The proposal, tagged GIP-152, calls for GnosisDAO to invest $1.5 million in cash and contribute $1 million in product and intellectual property to the new entity. Together, this forms a $2.5 million position in the SAFE protocol.
With a post-money valuation cap of $10 million, the DAO would receive at least 25% equity in return. The standalone company would take over the Gnosis App's product and IP. The app was originally built on the Circles protocol and serves as a decentralized payment tool for users across Europe.
The proposal argues that independent operation will allow faster iteration and a better chance to reach product-market fit (PMF). It cites earlier Gnosis-incubated projects such as CoW and Safe as validation of this approach.
Voting closes at 22:19 on August 12, with a quorum set at 75,000 votes. As of writing, about 13.2% of the quorum has been met, and 65.93% of the votes cast are in favor.
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