Gnosis Chain
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Gnosis Chain is an EVM compatible, community-owned network that prioritizes credible neutrality and resiliency.
Onchain loan finances physical real estate via Gnosis
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.
- Five-year onchain loan for a physical property
- Fixed rates, no liquidation risk from price moves
Gnosis Merge to Proof-of-Stake
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).
xDai Chain rebranded to Gnosis Chain
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.
Gnosis Beacon Chain genesis
The Gnosis Beacon Chain (PoS consensus layer) launched with genesis time 2021-12-08, opening GNO staking for the eventual merge.
GIP-16 merger proposal posted
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.
xDai Chain launched
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.