"The Only Thing Where I Probably Agree With Arca is That GNO is Under-appreciated:" Gnosis' Stefan George
The Defiant7 Joulu 2020

"The Only Thing Where I Probably Agree With Arca is That GNO is Under-appreciated:" Gnosis' Stefan George

In this week’s episode I speak with Stefan George, the cofounder and CTO of Gnosis. Gnosis is one of the OG Ethereum projects. It was founded in 2015 by Stefan and Martin Koppelman as a prediction market platform on Ethereum and it’s now an ecosystem of financial applications, with a decentralized multi-sig wallet, called Gnosis Safe, and a decentralized exchange. Most recently, Gnosis announced it will join other DeFi projects and launch a DAO, where it would transfer a large chunk of the ether and GNO tokens in its treasury for the community to manage.

This treasury is sizeable at around $100M dollars, due to the rising price of the 250,000 ETH they raised in a 2017 ICO. And this stash has been the core of a dispute with one of Gnosis token holders, hedge fund Arca. Arca claims the Gnosis token is trading below the value of the Gnosis treasury, and so they have proposed that Gnosis buy back their tokens at a value that’s between the current market value and the value of the treasury —or the book value.

Stefan argues the GNO market cap is miscalculated because it’s not counting the actual number of tokens in circulation and should be higher. He also says the Gnosis DAO should drive more value to GNO holders.

Jaksot(326)

Ethereum’s “HTTP Moment” with Marissa Posner & Yoav Weiss

Ethereum’s “HTTP Moment” with Marissa Posner & Yoav Weiss

In this episode of The Defiant podcast, Camila Russo sits down in Buenos Aires (Devconnect) with Marissa Foster (Product, Ethereum Foundation) and Yoav Weiss (security researcher, Ethereum Foundation)...

19 Joulu 202540min

Becoming the "Institutions Chain" With Avalanche’s Morgan Krupetsky

Becoming the "Institutions Chain" With Avalanche’s Morgan Krupetsky

In this episode of The Defiant podcast we speak with Morgan Krupetsky, VP of OnChain Finance at Ava Labs, to break down one of the most significant shifts happening in crypto today: the rapid institut...

5 Joulu 202540min

Tokenize Everything: Robert Leshner’s Vision for On-Chain Finance

Tokenize Everything: Robert Leshner’s Vision for On-Chain Finance

Robert Leshner — the mind behind Compound, and now the founder of Superstate — believes the next trillion-dollar shift will come from bringing the world’s assets on-chain.In this episode, Cami sits do...

18 Marras 202522min

​​Is DYOR Dead? Building a Safer Web3 with Alex Katz

​​Is DYOR Dead? Building a Safer Web3 with Alex Katz

In a world of fast-advancing technology, we are told to trust in our own research. But as the crypto space matures, scams and exploits remain a constant presence. When your assets are gone, they are g...

14 Marras 202537min

Avalanche DeFi: the Journey to Bring Institutions Onchain

Avalanche DeFi: the Journey to Bring Institutions Onchain

In the second episode of Ecosystems: Avalanche, we track the protocol’s trajectory, which included a peak valuation of $13 billion, followed by a period of consolidation and strategic redevelopment.Th...

12 Marras 202515min

Inside the PYUSD's takeover of PayPal with May Zabaneh, VP Crypto

Inside the PYUSD's takeover of PayPal with May Zabaneh, VP Crypto

In this conversation, May Zabaneh breaks down PayPal’s move into stablecoins with PYUSD and why it matters for financial inclusion. We explore how PYUSD could lower costs for cross-border payments, de...

7 Marras 202542min

Why Yat Siu Believes Altcoins Will Surpass Bitcoin

Why Yat Siu Believes Altcoins Will Surpass Bitcoin

In Web3, we find ourselves in an age of digital phantoms, a "click-farm" era where identity is flimsy and easily fabricated. But what if reputation could be real, portable, and valuable? Animoca Brand...

21 Loka 20251h 1min

The AI CEO Era: Breaking Build Bottlenecks with Vibe Coding | Ahmad Shadid

The AI CEO Era: Breaking Build Bottlenecks with Vibe Coding | Ahmad Shadid

In this episode of The Defiant Podcast, Vinny sits down with Ahmad Shadid—former quant trader turned founder—who redirected the 2022 GPU crunch into a decentralized GPU network and now leads a bold pu...

17 Loka 202547min