Altcoins News
By Bruce Buterin
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Community Pushback Heats Up. Not everyone's buying it. DeFi commentator Ignas, who holds GNO, said the logic makes sense on…
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The RFV Raiders Strike Again. This group's done it before. They call themselves the RFV Raiders—short for "risk-free value.
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Activist investors want to crack open Gnosis DAO's treasury. They've tabled a proposal that would let GNO holders who vote yes walk away with a slice of $220 million in DAO assets.
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The plan goes by GIP-150. An investor named Wismerhill put it forward, arguing that GNO trades way below what the treasury's actually worth.
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The math works out to roughly $170 per token. That's based on 1.3 million GNO tokens that qualify for the redemption.
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Not everyone's buying it. DeFi commentator Ignas, who holds GNO, said the logic makes sense on paper but called it a pure arbitrage play.
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Sebastian Bürgel from Gnosis questioned why the conversation shifted from building stuff to just grabbing cash.
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The debate's gotten pretty heated. Some see this as investors gaming the system. Others think it's a wake-up call for DAOs that hoard cash without delivering returns.
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This group's done it before. They call themselves the RFV Raiders—short for "risk-free value." Back in 2023 they went after Rook, FEI/Tribe, and Aragon.
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Wismerhill used to admire Gnosis. But he thinks the departure of former treasury manager KPK might push the DAO toward more business-focused decisions.
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More context: Crypto Lenders Pivot to TradFi Models as Institutions Demand Custody Clarity
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The Raiders have a track record. When they target a DAO, things move. FEI and Tribe wound down operations. Rook restructured. Aragon basically pivoted its whole model.
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DAOs with big treasuries are watching. The Raiders proved they can win, and that's made them a force in DeFi.
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Gnosis built a reputation in DeFi. The DAO backs multiple projects and the treasury funds ongoing development.
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The vote's close to done. Current numbers show the proposal failing, but things can shift fast in DAO governance. Whales move late sometimes.
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