GnosisDAO Approves Shift From Standalone Chain to Ethereum-Settled Rollup
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· body · New information from a source
GnosisDAO approved a strategic pivot to transition Gnosis Chain into an Ethereum Economic Zone rollup that will settle directly to Ethereum instead of maintaining its own validator set, according to The Defiant.The shift will unlock approximately 350,000 GNO tokens and end treasury-funded staking rewards on the chain, per Cointelegraph.- GnosisDAO has approved a plan to convert Gnosis Chain from a standalone Layer 1 network into a rollup that settles directly to Ethereum, according to The Defiant and Cointelegraph.
- Under the approved structure, known as an Ethereum Economic Zone (EEZ) rollup, Gnosis Chain will no longer run its own independent validator set, according to Cointelegraph.
- Instead, security and settlement will be handled through Ethereum.
- The Defiant reports the shift unlocks about 350,000 GNO that had been tied up in the chain's treasury-funded staking system.
- That staking arrangement, which paid rewards to validators from treasury funds, will end as part of the transition, according to The Defiant.
- The move marks a structural change for Gnosis Chain, which has operated as an independent proof-of-stake network since splitting from its earlier role as the sidechain formerly known as xDai.
· summary · New information from a source
GnosisDAO approved converting Gnosis Chain from a standalone Layer 1 to an Ethereum-settled rollup, unlocking roughly 350,000 GNO tokens.- GnosisDAO voted to drop its independent validator set and turn Gnosis Chain into a rollup that settles directly to Ethereum, freeing up roughly 350,000 GNO.
· headline · New information from a source
GnosisDAO votes to convert Gnosis Chain to Ethereum rollup, ending independent validator set- GnosisDAO Approves Shift From Standalone Chain to Ethereum-Settled Rollup
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
GnosisDAO has approved a plan to convert Gnosis Chain from a standalone Layer 1 network into a rollup that settles directly to Ethereum, according to The Defiant and Cointelegraph.
Under the approved structure, known as an Ethereum Economic Zone (EEZ) rollup, Gnosis Chain will no longer run its own independent validator set, according to Cointelegraph. Instead, security and settlement will be handled through Ethereum.
The Defiant reports the shift unlocks about 350,000 GNO that had been tied up in the chain’s treasury-funded staking system. That staking arrangement, which paid rewards to validators from treasury funds, will end as part of the transition, according to The Defiant.
The move marks a structural change for Gnosis Chain, which has operated as an independent proof-of-stake network since splitting from its earlier role as the sidechain formerly known as xDai. By settling to Ethereum instead of maintaining its own validator economy, the chain aligns its security model more closely with Ethereum’s base layer.
Neither source specifies a timeline for when the rollup transition will be implemented.
Sources: The Defiant, Cointelegraph
This article is for information only and is not financial advice.
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Story so far 3 updates
- digestFalconX and Interstice launch cross-chain swap engine connecting Canton to Ethereum, Solana, and Robinhood Chainupdate
- flashGnosisDAO votes to convert Gnosis Chain to Ethereum rollup, ending independent validator setupdate
- storyGnosisDAO Approves Shift From Standalone Chain to Ethereum-Settled Rollupupdate
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