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.(Ignas | DeFi)