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Imagine starting off as a humble prediction market and growing into a full-fledged DAO and network incubating some of DeFi’s greatest protocols…
That’s what Gnosis did.
Read through this week’s Octav Alpha to find out what makes Gnosis so special:
From Prediction Market to Innovative Ecosystem
Born in 2015 from the minds of Martin Köppelmann and Stefan George, Gnosis was meant to be a simple decentralized prediction market. Soon enough, they shifted their vision for the product to something much grander.
They began focusing on bettering Ethereum’s infrastructure. Through this research is how they incubated some truly innovative products such as:
Gnosis Chain, a Beacon of Progress For Ethereum
The Gnosis Chain is secured by the Gnosis Beacon Chain as the consensus layer: using a proof-of-stake system, meaning users can stake GNO tokens to participate in validating transactions on the network.
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This gives users GNO rewards on top of improving the chain’s decentralization.
On top of all that, Gnosis’ technology makes it possible for Ethereum to apply Gnosis’ advancements on its chain or for Gnosis to apply Ethereum’s new tech to Gnosis Chain, making it a partnership for progress for all parties involved.
Safe: Security for All
The team at Gnosis has also incubated the now famous Safe.
Safe’s smart accounts system allowing other protocols to create their own stand-alone wallets gave great utility to developers, while its multisig wallet feature revolutionized DeFi security by requiring multiple signatures in a wallet for all transactions.
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The team at Safe are also working on launching the transaction layer Safenet to bridge CeFi and DeFi, something we’ve already talked about in this other article.
CoW Swap: MEV-resistant Swapping
CoW DAO’s CoWSwap is a DEX, but does not work like the usual AMMs.
Instead, it uses multi-batch auctions. This means CoW collects buy/sell orders and matches them with other buyers and sellers at the best price. Transaction order does not matter here, meaning that users are protected from MEV attacks!
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GnosisPay: On-chain Debit
Our last showcase is GnosisPay: the first on-chain self custodial checking account.
GnosisPay links a VISA card to an on-chain self-custodial wallet on Safe for maximum security. Get cashback and spend without gas fees or transaction fees on millions of worldwide retailers as if it were a traditional debit card.
Gnosis and its ecosystem are committed to providing novel solutions that improve the lives of DeFi users.
With GnosisDAO’s funding given to HOPR last year to build a full-stack, privacy-oriented decentralized VPN known as GnosisVPN, it’s clear that Gnosis is still committed to progress.
Octav supports Gnosis and its protocols, and we’re committed to bettering DeFi users’ lives just as much as they are.
Why Octav?
With accurate labeling and analysis of your DeFi portfolio, Octav is a helpful tool for CFOs, asset managers, and accountants working in various organizations such as hedge funds, family offices or financial institutions. Thanks to our thorough and accurate database, Octav makes DeFi more accessible, serving as an essential guide for understanding cost basis, profits, losses, and more.
Sign up for Octav Pro today and gain significant advantages for the day-to-day management of your crypto activities: unify all wallets you work with under one bundle to save time and let automated reports send you updates on your organization’s finances without having to analyze it yourself. Monitor your holdings on our Treasury page, and be transparent by sharing it publicly with your DAO members or the rest of your team. Whether you’re the CFO of a business, an accounting professional or a DAO treasury leader, use Octav to make DeFi management a breeze.
Are you a DAO in need of advanced treasury analytics? Octav offers demos upon request.
