GIP-1: One-time 5% GNO merkledrop to active GnosisDAO participants

See the forum post for discussion and more details.

Simple Summary

In order to incentivize existing GNO holders to immediately become active in the GnosisDAO, the GnosisDAO should merkledrop a 5% bonus to all Gnosis Safe addresses that participate in GIP snapshot voting within the first month after the GnosisDAO launches.

Abstract

The GnosisDAO will use a merkledrop to distribute, pro-rata, 5% of the balance GNO balance held in Gnosis Safes and used to vote in the GnosisDAO within the first month after the GnosisDAO launches. For example, a safe that holds 100 GNO and casts a vote for this (or any other) GIP proposal, within the time limit, would receive 5 GNO tokens in the merkledrop.

Motivation

The motivation for this proposal is to immediately activate existing and new GNO token holders to become active in GnosisDAO governance decisions. This proposal would also help to further distribute GNO tokens in the community.

Specification

The merkledrop will use an instance of Balancer Labs' erc20-redeemable contracts and an instance of Balancer Labs' claim interface.

More detail will be added to the specification as becomes available.

Rationale

A merkledrop should be used, as opposed to other designs, so as to reduce the upfront gas cost and to require recipients to actively claim their bonus tokens.

Disclaimer

The plans outlined in this proposal are subject to discussion and change. They may also need to be (re)structured to take account of legal, regulatory, or technical developments as well as governance considerations. This document should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in any transactions. You are solely responsible for your own investment decisions and transactions.