GIP-149: Should Gnosis DAO fund continued support of Revoke.cash?

https://forum.gnosis.io/t/gip-149-should-gnosis-dao-fund-continued-support-of-revoke-cash/12131

Category

Funding

Executive Summary

Revoke.cash is a public good that protects Web3 users from wallet-draining approval exploits. Over 200,000 monthly users currently rely on Revoke.cash tools and it has prevented over $140M in potential losses. It has supported Gnosis Chain since 2021, serving ~1,000 monthly users and prevented $900,000 in potential exploits. We’re seeking a $20,000 grant from Gnosis DAO to fund infrastructure, maintenance, and continued development.

Background

Revoke.cash is a free, open-source platform that lets users inspect and revoke smart contract approvals - a leading cause of wallet exploits across DeFi and NFTs. Unlike token transfers, approvals persist long after a user interacts with a dApp, leaving wallets silently exposed.

Revoke.cash makes it easy for users to see and revoke those approvals, reducing risk before an exploit occurs. Revoke.cash has been active since 2019 serving as a first line of defense whenever an exploit happens.

Gnosis Chain Usage & Impact

Revoke.cash has supported Gnosis Chain since 2021 and continues to see meaningful usage:

• ~1,000 monthly active users on Gnosis
• ~$900K in prevented potential losses
• Ongoing user support after scams and hacks

We maintain Gnosis Chain at parity with other supported chains, and users have come to rely on this.

Why This Matters for Gnosis DAO

While we’ve supported Gnosis since 2021 without funding, we rely on grant funding from chains and ecosystems to continue operating. This grant would help:

• Support the continued maintenance and development of Revoke.cash
• Strengthen Gnosis Chain’s reputation as a safety-forward ecosystem caring about the long-term sustainability of core public goods
• Continued post-hack support + security communications
• Potential collaborative Twitter Spaces and educational content creation with the Gnosis team

Budget

To continue supporting the Gnosis ecosystem and expand we propose a $20,000 grant, disbursed in a single instalment. This grant helps with infra costs, maintenance, security guides and educational content.

Evaluation

The success of this project will be evaluated using measurable ecosystem impact metrics:

• Monthly active users on Gnosis Chain
• Number of approvals viewed and revoked
• Estimated prevented losses

Team / Organization

Revoke.cash was started in 2019 by Rosco Kalis as the first tool to offer token approval checking, and it has since grown to be a core security tool in the web3 space. The team is still small and besides Rosco there are a few contractors with strong experience in the industry.

Conclusion

Revoke.cash provides public good infrastructure that protects Gnosis Chain users from one of the most common and damaging attack vectors in Web3. The platform has supported Gnosis Chain since 2021 without funding, helping protect thousands of users and preventing significant potential losses.

This grant will ensure continued infrastructure support, ongoing development and ecosystem support for Gnosis Chain users. Supporting Revoke.cash aligns with GnosisDAO’s commitment to ecosystem safety, sustainability, and public goods. We look forward to continuing to support and help protect the Gnosis ecosystem.

About the Project

• Website: https://revoke.cash
• Code: https://github.com/RevokeCash/revoke.cash
• Twitter: https://twitter.com/RevokeCash