Gnosis Chain

**Gnosis Chain is positioning itself as the go-to platform for local currency stablecoins**, moving beyond the USD-dominated crypto landscape. - The network recently launched **ZARP**, a South African Rand-pegged stablecoin from Inves Capital - Users can now onramp and offramp ZARP directly on Gnosis Chain - This represents part of Gnosis's broader strategy to support **diverse regional currencies** The move addresses a key gap in DeFi, where most stablecoins are pegged to USD. By supporting local currencies, Gnosis Chain enables: - **Reduced currency conversion costs** for non-USD users - Better **financial inclusion** in emerging markets - More **accessible DeFi** for global communities This expansion could make Gnosis Chain particularly attractive to users in regions with strong local currencies or those seeking to avoid USD exposure in their DeFi activities.

**Critical Update Required** All validators running the Nethermind client need to update to the latest version immediately. This follows previous incidents where Nethermind bugs caused validator outages. **Key Points:** - Urgent update advisory issued for Nethermind validators - Previous Nethermind issues have caused multi-hour validator downtime - Client diversity remains a concern for network resilience **Action Required:** Validators should prioritize updating their Nethermind client software to avoid potential service disruptions.

The Spark Finance ($SPK) airdrop is now available for eligible Gnosis Chain users. Qualification criteria: - SparkLend deposits of $100+ before April 15, 2025 - Holding 1,000+ xDAI on Gnosis Chain by April 15, 2025 - $5,000+ in stablecoin deposits on Aave (Gnosis Chain) by March 15, 2025 Claims can be made at [app.spark.fi/SPK/airdrop](http://app.spark.fi/SPK/airdrop) Check your eligibility and claim your tokens now.

Recent developments highlight practical applications of cryptocurrency in everyday financial transactions: - Real-world implementation demonstrated by @functi0nZer0 showcases crypto's ability to address concrete financial challenges - Gnosis Pay partnership with @monerium enables seamless transition between on-chain and real-world transactions - Users can now easily move and spend digital assets in everyday situations *Key Innovation*: Bridge between traditional finance and crypto becoming more accessible and practical.

The Gnosis Chain team has arrived in Bangkok for Devcon and related events. Key highlights include: - **Devconflict Forum** (Nov 9-10): Open discussions on Ethereum's challenges - **Notable Talks**: • Koeppelmann on Why Gnosis Chain isn't an L2 • SCBuergel's fireside chat with Vitalik Buterin • Gnosis AI team workshop on Prediction Markets - **Multiple Venues**: Team members will be present at ETHGlobal Bangkok, Pragma, Oracle Summit, and various ecosystem events *Developers can participate in the ETHGlobal Bangkok Hackathon to build cross-chain apps and DeFi solutions on Gnosis Chain.*

Gnosis Chain welcomes @OrochiNetwork, a new addition leveraging Zero-Knowledge Proofs (ZKPs) technology. Orochi Network aims to create a high-performance Verifiable Data Pipeline, designed to support: - AI/ML models - zkApps - dApps - Smart contract platforms This integration follows the recent launch of Spectre, @buildwithsygma's zero-knowledge light client coprocessor, on Ethereum and Gnosis Chain mainnet routes. Spectre offers: - Trust-minimized verification - High security - Increased speed - Low-cost zk verification at scale For more details on Orochi Network's integration, check out the provided link.

Gnosis Chain has implemented GIP-98, resulting in a significant boost to its decentralization efforts. Nearly 500 validators and node operators from diverse geographical locations have joined the network. Key points: - GIP-98 implementation successful - ~500 new validators and node operators - Diverse geographical representation This expansion aligns with Gnosis Chain's commitment to decentralization and privacy. Interested parties can participate through the HOPR Network hub. **Get involved:** Visit http://hub.hoprnet.org to learn more and potentially join as a validator or node operator.

Gnosis Chain is gearing up for a significant milestone: Full Stack Decentralization, set to launch on October 1, 2024. This upgrade aims to enhance the network's credible neutrality and resilience. Key points: - Launch date: October 1, 2024 - Goal: Achieve full stack decentralization - Benefits: Improved neutrality and network resilience The community-owned, EVM-compatible network is taking steps to further decentralize its infrastructure. This move aligns with Gnosis Chain's commitment to creating a robust and impartial blockchain ecosystem. Stay tuned for more details as the launch date approaches.

Gnosis Chain is offering an incentive program for users to build their own blocks. This initiative aims to boost network decentralization and participation. Key steps to get involved: - Set up your Gnosis Chain node - Obtain a safe address - Generate and import validator keys - Submit deposit data - Start validating By following these steps, you'll be actively contributing to the network's resilience and decentralization efforts. For comprehensive details and to claim your incentive, visit the official documentation: https://docs.dappnode.io/docs/user/staking/gnosis-chain/incentive-program/ **Act now** to participate in this unique opportunity to shape the future of Gnosis Chain!

Zeal Wallet has introduced 'Recharge', a groundbreaking feature that allows users to spend DeFi yields in real-world transactions. This innovation works in conjunction with the Gnosis Pay Card, enabling seamless spending of yield-earning assets at any point of sale. Key points: - First wallet to offer real-world spending of DeFi yields - Compatible with Gnosis Pay Card - No need for manual transfers or exchanges - Applicable for everyday purchases like coffee or groceries A how-to video is available for users to learn more about this new feature. **Previous Update**: In April, Gnosis Chain highlighted yield opportunities on Aura, promoting the use of crypto for real-life expenses via Gnosis Pay.