The EURe, Monerium, and Gnosis Chain
The big headline from the week for Gnosis Chain was the arrival of the EURe stablecoin issued by Monerium! The EURe is far more than just a euro-pegged stablecoin. The EURe issued by Monerium is backed by actual euros held in bank deposits or qualifying high-quality and liquid securities. In fact, the EURe token is overcollateralized by 102%, meaning that for every EURe issued, there is an excess amount of euros (2%) held in reserve which protects the value of the EURe. As a regulated e-money token, the EURe is redeemable on demand 1:1, which means it always has the same value as the euro in your bank account.
One of the unique features of the EURe issued by Monerium is the ability to send and receive euros directly between bank accounts and a Safe multisig wallet. A Safe wallet is a smart contract wallet that requires multiple signatures to authorize transactions. This makes it a highly secure way to store digital assets. Check out the twitter thread below to learn more ⬇️⬇️⬇️
Monerium also launched a campaign on Layer3.xyz, a web3-native growth platform, to promote EURe to users on Gnosis through two Quests! Check them out! 😎⬇️
Layer3 @layer3xyzIntroducing Gnosis Chain! 🦉We have two exciting Quests for you in an exclusive partnership with @gnosischain ⚡️1️⃣ Get started on Gnosis: L3.xyz/GnosisIntro2️⃣ On-ramp to Gnosis: L3.xyz/Monerium 1:11 PM ∙ Mar 21, 2023258Likes87Retweets
Monerium x Layer3 x Linen
For the initial Layer3 quest, users will create a Safe using the Linen Wallet. Linen Wallet is a multi-chain wallet powered by Safe. The team has been building on Safe since 2020 supporting Ethereum and Polygon. In fact, Linen Wallet is the first 3rd party wallet app that implemented account abstraction on mobile devices using Safe smart contracts prior to when the term Account Abstraction was coined. Linen Wallet mobile app is designed to onboard mainstream crypto enthusiasts to the Gnosis Chain ecosystem.
Gnosis Chain 🦉 @gnosischainFor the initial quest, users will create a @safe wallet either using the @GetLinen Wallet app on iOS or by using safe.global directly and acquire xDai from the Gnosis Faucet.safe.globalSafe – Previously Gnosis Safe – Crypto wallet, web3 account abstraction developer stackSafe is the most trusted platform to manage digital assets on Ethereum1:19 PM ∙ Mar 21, 2023
The Limits of L2s
Another headline grabber from this week was the Arbitrum airdrop - a layer 2 blockchain. Arbitrum is an Optimistic rollup protocol that inherits Ethereum-level security. The timing, of course, couldn’t be better for Gnosis Chain. The viral airdrop serves as a great opportunity to highlight the critical differences between L2s and Gnosis Chain. While rollups offer benefits over traditional layer 1 blockchains, they have several limitations for scaling Ethereum. Recently, GnosisDAO core contributor, Martin Koeppelmann, delivered a talk about the limits of layer 2 rollups and why Gnosis Chain, as an alternative layer 1, offers greater security and decentralization guarantees for scaling Ethereum.
Currently, layer 2 rollups offer limited benefits for developers interested in building decentralized applications. For key take aways from the talk on why Gnosis Chain offers several alternatives to scaling Ethereum without compromising on decentralization, check out Stefan George’s twitter thread below 👇👇👇
Stefan George 🇺🇦 @StefanDGeorge1/12The #1 question we are getting is "Why is Gnosis Chain not an L2?". L2s are NOT the silver bullet for solving scalability.The "Ethereumverse" will complement the L2 strategy creating block space to scale to future demand.This is why:youtube.comThe Limits of L2 with Martin KöppelmannThe Ethereum ecosystem is currently focused on a rollup centric approach. In this presentation we are discussing limitations and tradeoffs that rollups intro...1:25 PM ∙ Mar 6, 202360Likes16Retweets
Updates 🦉
Balancer Launches Pools on Gnosis Chain
Another big announcement for Gnosis Chain was the launch of the new boosted pools on Balancer!!! Check out the thread below to learn how karpatkey folds into it all along with how to take advantage of the yields.
DeFi builders eager to integrate the pools - Docs and SDKs are ready 🚀
buzea200 @buzea200DeFi builders, @Balancer is live on @gnosischain. Docs and SDK are ready for you to build 🧱-deployment addresses: docs.balancer.fi/reference/cont…-JavaScript SDK: github.com/balancer/balan… 6:49 PM ∙ Mar 20, 202319Likes5Retweets
Aura Finance is also offering Balancer gauges on Gnosis Chain!
Aura @AuraFinanceBalancer gauges are now on Gnosis.Aura is now preparing to follow @Balancer's cross-chain expansion with its own deployments.Soon at app.aura.finance 1:05 AM ∙ Mar 21, 202391Likes12Retweets
Fractal Integrates Gnosis Chain
Fractal’s DID technology is now on Gnosis Chain. Users can KYC once with Fractal’s DID and never have to worry about additional verification while using dApps on Gnosis Chain.
FRACTAL @fractalprtclWe have news for the #Web3 space! Fractal DID technology has been integrated into @gnosischain. 💥🛼 Users can now easily switch between dApps on the Gnosis ecosystem without having to complete additional verification. 👀 Check out our latest blogpost:medium.com/frctls/fractal…medium.comFractal X Gnosis: A strong collaboration to expedite DID adoptionWe are excited to announce that Fractal DID technology has been deployed on Gnosis — one of the first Ethereum side chains! With the…12:55 PM ∙ Mar 21, 202349Likes11Retweets
API3 Data Feeds on Gnosis Chain
Builders on Gnosis Chain can now access API3 data feeds! API3 is a platform that enables dApps to access blockchain-external, real-world data and services via application programming interfaces (APIs).
Core Devs Call
The weekly Core Devs Call happened this week along with the Validator Meetup that takes place on the 3rd Thursday of each month.
DAOCast w/ karpatkey
DeFi_Foodie from karpatkey joined T Wells on the latest episode of the DAOcast for a discussion about treasury management and the GnosisDAO. The full episode is linked below 👇
Gnosis Chain 🦉 @gnosischainJoin DAOcast #8 with @karpatkey 🎙👉 Latest news from Gnosis Chain + GnosisDAO👉 Interview with Facu, @DeFi_Foodie about the latest news and developments from @karpatkey📡 Gnosis Chain Discord🗓 March 21th at 2PM UTC🔗discord.gg/YCQKQSD3?event… 6:24 PM ∙ Mar 20, 202318Likes5Retweets
Decrypt’s GM Podcast w/ Friederike Ernst
GnosisDAO core contributor, Friederike Ernst, joined Decrypt’s GM podcast for a wide ranging discussion about Gnosis and what the network prioritizes in the blockchain trilemma between security, scalability, and decentralization.
gm from Decrypt @gmdecryptSay gm to Friederike Ernst! On today's episode she talks about the evolution of the Gnosis ecosystem, the ideology of DeFi, how Ethereum is like Manhattan, account abstraction and the goal of "in-browser staking," & more. open.spotify.com/episode/6XqXv0… @tw_tter @GnosisDAO @gnosischain12:55 PM ∙ Mar 22, 202313Likes13Retweets
Solo Staker Corner ✨
Gnosis Chain Shapella Upgrade Preparations
Gnosis Builders @gnosisbuilders❓: Who can be a validator?🦉: Everyone🙋Join the workshop and learn how to be a validator on @gnosischain using @DAppNode!⏲️Friday, March 24, 2PM UTC💻eventbrite.com/e/gnosis-chain…eventbrite.comGnosis Chain Validator Workshop by Dappnode & Gnosis BuildersEventbrite - Gnosis Builders presents Gnosis Chain Validator Workshop by Dappnode & Gnosis Builders - Friday, March 24, 2023 - Find event and ticket information.5:29 AM ∙ Mar 18, 2023130Likes9Retweets
🙏 Thank you
Come say hello in the Gnosis Chain Discord. Join us for the next GnosisDAO Community Call on April 13th at 3PM UTC / 5PM CET on the GnosisDAO Twitter Spaces.
See you on-chain,
Gnosis Chain Team
