We are pleased to announce some strategic developments following disbursements from
@GnosisDAO investments in OLAS and HOPR.
Our action plan focuses on leveraging
@CoWSwap FM-AMM liquidity pools to establish long-term partnerships and enhance our ecosystem.
Gnosis has received 8.5M OLAS and 10M HOPR through factor fund investments (GIP-38). In alignment with CoW's innovative FM-AMMs, we're initiating LP seeding on Gnosis Chain to cultivate liquidity and foster enduring relationships with these projects.
CoW FM-AMM is a groundbreaking AMM model that batches trades, executing them at a unified price. This eliminates the traditional first-come, first-serve arbitrage and reduces LVR, setting a new standard in the AMM landscape.
We're launching key liquidity pools on CoW AMM: GNO-COW, GNO-HOPR, and GNO-OLAS. GnosisDAO will directly seed the GNO-COW and GNO-HOPR pools, while a programmatic CoW order will facilitate the OLAS pool, distributing 1.5M OLAS over 6 months. Essentially, it’s a 6 month TWAP from 1.5M OLAS to a 50/50 OLAS-GNO pool. This enables to balance liquidity over time, while reducing market impact.
To underline Gnosis commitment to OLAS, we're locking 6M OLAS for 6 months. OLAS's utilization of Gnosis for their AI agent network and incentivizing LP locks on Balancer underscores the mutual benefits of this partnership.
The strategic reserve will maintain 1M OLAS liquid, part of which may be allocated for GNO market purchases. These decisions aim for minimal market impact, reflecting a long-term investment perspective.
By relocking 70% of our OLAS tokens, we demonstrate support for OLAS and use the majority of the unlocked tokens to enhance OLAS-GNO liquidity on Gnosis. Additionally, a portion of these funds will support strategic GNO buybacks, strengthening our ecosystem.