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jackgale.eth
@iamjackgale
1/ @karpatkey’s GIP-110 for @gnosis-dao passed earlier this week, meaning @gnosispay users are about to start receiving their share of c. $1.8m of incentives just for using their cards! 💳 This is an incredible deal… Let me explain 👇 https://snapshot.org/#/gnosis.eth/proposal/0xd82b835664c4e15aaa704990a411628ee83edd95c017be190297b6f72df9e65a
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jackgale.eth
@iamjackgale
2/ First, remember this is a “cashback” deal. It’s *not* interest or yield. That means 5-12 days after your payment, 1-4% $GNO cashback will arrive in your @safe. You’re free to hold or sell as you please. Hell - you could even loop a spend<>reward cycle 30-70 times a year!
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jackgale.eth
@iamjackgale
3/ The rate of cashback depends on the GNO you hold in your @gnosispay @safe. 0.1 to 100 GNO🦉 deposited (or $18-18k) unlocks 1-4% on a sliding scale. (Plus bonuses for OGs!) That’s on up to $22k of spend per month, while rewards last… Imagine $880 of free $GNO per month!
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jackgale.eth
@iamjackgale
4/ Though I believe $GNO is an excellent investment, the masters at @beefy 🐮 have taught me a thing or two about incentive design. Ultimately, many will see this as a yield source for farming… And really there’s no shame in capitalising on this exceptional opportunity!
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jackgale.eth
@iamjackgale
5/ Example: Deposit 10 $GNO (c. $1.7k today). You’ll be getting 3% of your @gnosispay spend back in GNO. Spend $10k in September? Here’s $300 of GNO 🤝 At that rate, you’ll make >100% APR on your deposit in 6 months. And that’s not even close to the cap! 📈
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jackgale.eth
@iamjackgale
6/ Now imagine a crypto whale floating around the Med⛵️ looking for safe, reliable returns. Switch the yacht fees, restaurant bills and grocery shopping over to @gnosispay. And with some investment in $GNO - boom!💥 You’re making a few hundred % return on your groceries!
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