According to Odaily, cryptocurrency fund Thanefield Research has initiated a proposal vote in the Gnosis DAO community regarding a $30 million buyback plan for GNO. The proposal was made in response to the perceived undervaluation of GNO relative to its book value. To address this issue, a large-scale buyback plan has been suggested.
The plan aims to implement a $30 million buyback within six months, which would account for approximately 5% of Gnosis DAO's assets. The proposal by Thanefield Research is a strategic move to correct the market value of GNO and ensure its stability in the market.
The final decision on the buyback plan will be determined by the Gnosis DAO community through a voting process. The outcome of this proposal could have significant implications for the value and stability of GNO in the cryptocurrency market.