Gnosis Chain
Gnosis Chain is an EVM compatible, community-owned network that prioritizes credible neutrality and resiliency.
Gnosis Chain is an EVM compatible, community-owned network that prioritizes credible neutrality and resiliency.
Bermuda, a private multisig built on the Safe smart-account standard, is now in beta on Gnosis Chain. Transfers, swaps, payroll, and DeFi interactions work normally, while transaction queues, balances, and history stay private to the users. Beta access is open.
A DeFi lender and borrower used a five-year onchain loan to buy a physical space as a source of yield, transacting directly through smart contracts at fixed rates with no price liquidations. Gnosis Chain highlighted the deal as an example of DeFi funding tangible real-world assets like real estate.
Gnosis Chain executed its own version of the Ethereum Merge, transitioning the execution layer from proof-of-authority to proof-of-stake by merging with the Gnosis Beacon Chain (activation at about 18:45 UTC on 2022-12-08, block 6,306,357).
The xDai Chain was officially rebranded to Gnosis Chain and the STAKE-to-GNO token swap went live (at a fixed rate of 1 STAKE = 0.0326 GNO), completing the merger.
The Gnosis Beacon Chain (PoS consensus layer) launched with genesis time 2021-12-08, opening GNO staking for the eventual merge.
GnosisDAO posted GIP-16, a proposal for Gnosis and the xDai community to merge their tokens and jointly develop the xDai blockchain; the communities voted in November 2021 to create the Gnosis Chain.
The xDai Chain went live as the first US-dollar-stable blockchain and one of the first Ethereum sidechains, using the xDai stablecoin for native gas and the STAKE token for staking.
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