↓LlamaRisk December 2024 Monthly Community Update
Liquidity risks for GNO in Aave V3 Gnosis were flagged amid low trading volumes, suggesting reduced reliance to mitigate potential liquidation challenges.
24h Change+3.55%
All Time HighNov 8, 2021$644.2
All Time LowMar 13, 2020$6.88
Market Cap$291.32m
Fully Diluted Valuation$331.1m
Circ. Supply2.64m gno
Max Supply3m gno
CEX Volume$31.92m
DEX Volume$6.32m
Balancer V2 · Gnosis$17.93m
Balancer V2 · Ethereum$11.65m
Balancer V3 · Gnosis$1.18m
Uniswap V3 · Ethereum$430,344
Curve DEX · Gnosis$12,644
Risk-management actions published about gno by tracked risk managers and governance contributors, newest first.
Liquidity risks for GNO in Aave V3 Gnosis were flagged amid low trading volumes, suggesting reduced reliance to mitigate potential liquidation challenges.
GNO primarily collateralizes unlikely-to-liquidate USDC.e loans, and removing isolation mode enhances its appeal while facilitating the Gnosis Credit Line proposal. Limited liquidity, with 7% price impact on a $1.1M swap, risks debt exceeding 10x available liquidity at full cap, so supply caps should remain unchanged.
GNO serves as collateral in a new gated credit line for minting GHO, limited by its liquidity; risk is mitigated by requiring paired wstETH collateral and a 1.65 health factor to ensure liquidatable positions.
GNO from Gnosis DAO's large treasury serves as primary collateral, enhancing capital efficiency and yield generation; as a first-class asset securing the Gnosis Chain ecosystem, it supports tailored risk parameters for safer borrowing.
Review of GNO isolation mode status is ongoing, evaluating market depth and risks without immediate parameter changes proposed.
GNO's on-chain liquidity is inadequate, with only $400k possible on Ethereum mainnet and $1.2m on Gnosis Chain below 10% slippage, risking inefficient liquidations and bad debt during large events. This market risk concern prevents recommending removal from isolation mode, though other risks remain low.
There is evidence of strong demand for GNO on Aave, supporting its removal from isolation mode to enable broader use and potentially pave the way for derivatives like osGNO.
BA Labs supports deploying Spark Protocol on Gnosis Chain with GNO as an initial supported asset, tailored parameters account for its role as the chain's native token amid novel external domain risks.
To manage overall GNO exposure, the GNO-A debt ceiling in Maker vaults is being reduced to 0, even as GNO is onboarded as collateral to Spark Protocol. This balances ecosystem integration with controlled risk in core Maker positions.
Stability fee for GNO-A matched to the 3-month US Government Treasury Bill yield per the Decentralized Collateral Scope Framework, which could lower demand and ETH collateral market share.
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Tracking 9 pools, average APY 27.25%

Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabGNO | $6.86m | 0.22% | 0.22% | 0.24% | |||||
| open in new tabGNOPositionV2 | $731,476 | 0% | 0% | ||||||
| open in new tabGNO-COW | $349,637 | 0% | 0% | 3.46% | |||||
| open in new tabGNO-OSGNO | $107,249 | 0% | 0% | 0% | |||||
| open in new tabGNO-USDT1% | $102,707 | 83.34% | 83.34% | 119% | |||||
| open in new tabCOW-GNO | $92,110 | 49.09% | 49.09% | 4.43% | |||||
| open in new tabGNO-WETH1% | $67,706 | 26.73% | 26.73% | 34.19% | |||||
| open in new tab50-GNO-50-GIV | $37,630 | 4.08% | 4.08% | 0.32% | |||||
| open in new tabGNO-WETH0.3% | $35,183 | 0% | 0% | 0% |
Tracking 4 routes

Pool | Project | Chain | |||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabGNO âžž EURE | $2.82m | -2.06% | 0.22% | -4.76% | 48% | $7.81m | $950,493 | ||
| open in new tabGNO âžž WXDAI | $1.81m | -0.50% | 0.22% | -1.50% | 48% | $7.81m | $950,493 | ||
| open in new tabGNO âžž USDC.E | $1.41m | -1.43% | 0.22% | -3.44% | 48% | $7.81m | $950,493 | ||
| open in new tabGNO âžž GHO | $66,225 | -1.78% | 0.22% | -4.17% | 48% | $7.81m | $950,493 |