- GIP-140 revamps GnosisDAO voting with on-chain and beacon data.
- GNO price dips amid profit-taking and technical resistance.
- Liquidity limits and stablecoin rules may influence short-term sentiment.
The Gnosis price has experienced modest volatility following the passing of the GnosisDAO GIP-140 proposal. This major governance update aims to overhaul the platform’s voting mechanisms completely.
The GIP-140 initiative replaces the current subgraph-based GNO strategy with new approaches. These strategies read blockchain state directly from both execution and beacon layers.
The proposal’s approval marks a significant step forward. It enhances the accuracy and reliability of Snapshot voting while adding support for StakeWise tokens. Additionally, it reduces dependency on external data providers.
GIP-140 Revamps Voting for Better Accuracy and Inclusion
GIP-140’s passage reflects broad consensus among GnosisDAO participants. The vote saw 82 participants, with overwhelming support for the measure.
The core objective eliminates subgraph dependency, which historically caused problems. These issues included delays and inaccuracies in voting power calculations.
The new system attributes voting power across multiple sources. These include GNO balances on both Gnosis Chain and Ethereum. It also covers locked GNO holdings, validator balances, and StakeWise’s sGNO and osGNO tokens.
By pulling data directly from on-chain and beacon chain sources, the proposal creates improvements. It establishes a more robust and transparent voting environment that better reflects actual stakeholder influence.
The technical implementation involves updating Snapshot’s configuration via SafeSnap transaction. This points to aggregator contracts deployed on both Gnosis Chain and Ethereum. It also includes a new beacon-chain strategy for staked GNO.
Delegation mechanisms have been updated to integrate these new sources. This ensures a seamless transition for DAO members accustomed to existing workflows. The changes position GnosisDAO to handle complex governance requirements while reducing reliance on third-party indexers like The Graph.
Gnosis Price Enters Consolidation Phase Amid Profit-Taking
Surprisingly, following GIP-140’s approval, the Gnosis price has seen a slight pullback. GNO fell 0.89% over the past 24 hours, underperforming the broader crypto market’s 0.06% gain.
The price movement aligns with profit-taking behavior after recent gains. GNO achieved a 7.98% weekly gain and an 8.3% rise during October.
Technical indicators suggest the market is testing key resistance levels. These include the 30-day simple moving average of $137.93 and the 61.8% Fibonacci retracement level at $138.47.
While the RSI remains neutral at 53.42, other indicators show caution. A bearish divergence in the MACD hints at potential short-term consolidation.
Additionally, liquidity pressures from CoinDCX’s June 2025 delisting continue affecting GNO trading. Despite being months old, the delisting reduced retail access to the token. The 24-hour turnover ratio of 1.08% remains relatively low compared with broader DeFi sector averages.
Regulatory uncertainties surrounding stablecoins may also influence sentiment. Particularly, the relaunch of USDS under the stricter US GENIUS Act could indirectly affect Gnosis Chain assets.
However, positive developments provide some balance. Milestones like Gnosis Pay’s $100 million transaction volume suggest that ecosystem
