PANews reported on May 8 that GnosisDAO is currently voting on the GIP-150 proposal, which would allow GNO holders to redeem their corresponding proportion of DAO treasury assets at net asset value (NAV). Currently, approximately 64.8% of the votes are against the proposal, and voting will conclude on May 13.

According to the proposal, participants can burn GNO and receive ETH, stablecoins, BTC, and other token assets in the treasury proportionally. The approximately $25 million in illiquid off-chain investments and the potential value of Gnosis Ltd will be handled through the synthetic token gLTD-CLAIM for future profit distribution. Redeemed GNO will be permanently burned. The proposal argues that GNO has long traded at a significant discount to the treasury's net asset value, and that capital injections over the past three quarters have failed to narrow this discount; therefore, holders should be given the option to directly redeem the underlying assets.