Analyses
Daily News Summary 31/8
August 31, 2024
Gnosis Chain Considers Replacing DAI
Gnosis Chain, one of Ethereum’s oldest sidechains and a fully community-owned network, has announced that its members are reconsidering which asset should be used to pay network gas fees, currently paid in DAI, known as xDAI. Since MakerDAO plans to introduce USDS, a stablecoin that could potentially be frozen, as an optional alternative to DAI, this conflicts with Gnosis’ commitment to decentralization. Alternatives under consideration include decentralized stablecoins like RAI and LUSD, or Gnosis’ native token, GNO.
SafeDAO Plans to Monetize Its Ecosystem
SafeDAO, which manages a smart account infrastructure securing nearly $60 billion in assets, has announced plans to introduce a licensing fee model for protocols integrated into the Safe Wallet. The proposal, initiated by the Safe Ecosystem Foundation, marks SafeDAO’s first step toward monetizing its ecosystem to generate dedicated revenue streams. Initially, the focus would be on monetizing the swaps function within the Safe Wallet, with projected annual revenue of $2.5 million through licensing fees.
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