A new proposal from GnosisDAO suggests allowing GNO holders to redeem a proportional share of their treasury assets based on net asset value.

CoinFeed reported on May 8th that GnosisDAO is currently voting on the GIP-150 proposal, which proposes allowing GNO holders to redeem their corresponding proportion of DAO treasury assets at net asset value (NAV). Currently, approximately 64.8% of the votes are against the proposal, and voting will end on May 13th. According to the proposal, participants can burn GNO and receive ETH, stablecoins, BTC, and other tokens in the treasury proportionally. The approximately $25 million in illiquid off-chain investments and the potential value of Gnosis Ltd will be handled through the synthetic token gLTD-CLAIM for future profit distribution. Redeemed GNO will be permanently burned. The proposal argues that GNO has long traded at a significant discount to the treasury's NAV, and that capital injections over the past three quarters have failed to narrow this discount; therefore, holders should be given the option to directly redeem the underlying assets.