Context

Gnosis Chain is an EVM-compatible Layer 1 blockchain built on Ethereum’s technology stack. It operates using a proof-of-stake (PoS) consensus mechanism, secured by a geographically diverse network of validators. This approach, combined with a focus on decentralization and trust minimization, ensures the network’s neutrality and resilience.

Originally launched as the xDai Chain, Gnosis Chain was designed for low-cost and fast transactions using the xDai stablecoin, pegged to USD. In 2021, xDai merged with GnosisDAO, combining expertise in decentralized applications with xDai’s scalable infrastructure.

Key Features:

• Scalability: Fast block times of 5 seconds and low transaction fees, achieved through Layer 2 solutions and off-chain scaling techniques.
• Stable Fee Model: Transaction fees paid in xDai stablecoins, reducing volatility and simplifying the user and developer experience.
• Community-Driven Governance: Decisions are guided by a decentralized governance model that aligns with the network’s principles and values.

Proposal

Enable support for Gnosis Chain within the Symbiosis protocol. The integration includes the following steps:

• Deploying and tuning Symbiosis contracts on Gnosis Chain to ensure smooth operation.
• Adding tokens for Gnosis Chain in the Symbiosis AMM DEX on the host chain: WETH (address) and USDC.e (address).
• Leveraging existing DEXs on Gnosis Chain to enable on-chain routing.
• Activating the Symbiosis relayers network to work with the new blockchain.

Key Points

• Developer-Friendly Ecosystem: Gnosis Chain’s stable fee model, EVM compatibility, and scalability make it an attractive network for Web3 developers building dApps and DeFi platforms.
• Seamless Integration: EVM compatibility ensures straightforward integration into Symbiosis, enabling immediate cross-chain functionality and expanding token swap options for users.