What Is Gnosis?

January 11, 2024
/
Gnosis

What Is Gnosis?

When Gnosis was founded in 2015, the team set out to build prediction markets powered by collective intelligence. The markets, built onchain, would rely on the trustless nature of the core protocol to incentivize participation in peer-to-peer networks and establish a single source of truth. In creating these prediction markets, it became clear that Gnosis first needed to build the infrastructure required to support them. Gnosis pivoted from its initial vision and began developing the infrastructure that would support the rise of Ethereum.

Today, the Gnosis ecosystem has grown into five interoperable product lines that allow users to securely create, trade, govern, hold, and stake on Ethereum. This makes Gnosis the first product-driven ecosystem that enables protocol developers and communities to build their own networks. The ecosystem is governed through GnosisDAO, with voting power distributed amongst GNO token.

The Gnosis product suite includes:

💳 Gnosis Pay

Gnosis Pay is the first Decentralized Payment Network (DPN), removing the barriers between traditional finance and decentralized finance (DeFi).

🔏 Safe

A decentralized custody protocol for managing digital assets. On Safe, developers can build multisig-optimized dApps or smart contract wallets.

🐮 Cow

MEV protected trading on Ethereum, Goerli and Gnosis Chain. Trade on CoW Swap from a smart contract wallet or interact with CoW Protocol directly via API and smart contract.

⛓️ Gnosis Chain

A complement to Ethereum mainnet, Gnosis Chain is a Layer 1 (L1) that provides a more efficient environment for developers to experiment. Low costs (paid for in xDAI) and fast transactions make Gnosis Chain an ideal environment for developers to build, experiment and deploy new protocols.

💫 Zodiac

A set of composable DAO tools that integrate directly with the Safe interface. Developers can build their own Zodiac modules to enhance existing practices in the DAO ecosystem and help shape its future development.

Check out the Gnosis Ecosystem Report put together by Mesh last year for a comprehensive deep dive!

Read original article on mirror.xyzRead original article on substack