Gnosis has posted a proposal to split Gnosis App into an independent company led by the original team, with GIP-152 now live on Snapshot. According to Foresight News, GnosisDAO plans to invest $1.5 million in cash and contribute $1 million in products and intellectual property, creating a $2.5 million SAFE position with a post-money valuation cap of $10 million; the DAO would receive at least 25% equity.

The new company would take over the app's products and intellectual property. The app was previously built on the Circles protocol and focuses on providing decentralized payment tools for European users.

The proposal says independent operation would help the product iterate faster and find product-market fit. It adds that this model has already been validated by Gnosis incubated projects such as CoW and Safe. Voting will end on August 12 at 22:19, with a quorum requirement of 75,000 votes. As of press time, voting progress was about 13.2%, and the approval rate was about 65.93%.