A $223M DAO vote could turn governance into a cash-out button

GnosisDAO's GIP-151 proposal passed with 215% of the required quorum, authorizing a one-time pro rata treasury redemption for GNO holders.

This vote redefines governance tokens as a claim on the balance sheet, not just soft promises like protocol control. With a treasury of roughly $223 million, the estimated redemption value per GNO was $170…