Claim and delegate vested GEL Token to the actively managed DAO Safe
Summary This proposal aims to trigger the Gnosis DAO safe to claim the fully vested GEL token from Gelato and delegate the voting power to the treasury safe that is managed by Karpatkey following GIP 58.
Motivation Following Gelato's community vote on accelerating the GEL vesting, GEL tokens are fully vested to the Gnosis DAO since the 27th of February 2023. However, these tokens are not being put to use in the Gnosis ecosystem. By enabling the Gnosis DAO to claim the vested GEL tokens and delegate their voting power to the managed DAO treasury safe, we can ensure that these tokens are being used to shape the future of Gelato. Since GIP 20, Karpatkey DAO has managed the funds of the Gnosis DAO treasury. This was later extended through GIP 58. Through their strong relation with Gnosis DAO, Karpatkey DAO can actively manage the voting power of GEL to benefit the Gnosis DAO. The complete amount vested to Gnosis DAO is 5,258,625 GEL. The GEL tokens are not intended to be sold.
Specification The proposal includes the following steps:
(1) Claim first batch of vested GEL token: 2,629,312 GEL (2) Claim second batch of vested GEL token: 2,629,312 GEL (3) Delegate the voting power on Snapshot to eth:0x849D52316331967b6fF1198e5E32A0eB168D039d
Implementation This snapshot vote, if successful, should trigger two claims on https://gov.gelato.network/gel-claim and then delegate the voting power on snapshot to eth:0x849D52316331967b6fF1198e5E32A0eB168D039d, the actively managed treasury safe of the Gnosis DAO.
References
https://forum.gnosis.io/t/gip-20-karpatkey-dao-treasury-management/2233
https://forum.gnosis.io/t/gip-58-karpatkey-dao-service-extension/5417
Off-Chain Vote
For
4.43K GNO99.9%
Against
0.21 GNO0%
Abstain
5.91 GNO0.1%
Timeline
Mar 20, 2023Proposal created
Mar 20, 2023Proposal vote started
Mar 27, 2023Proposal vote ended
Oct 26, 2023Proposal updated