How to Add Gnosis Chain to MetaMask

## What Is Gnosis (GNO)?

Gnosis (GNO) builds decentralized infrastructure on [Ethereum](https://coinmarketcap.com/currencies/ethereum/). Its mission has always been centered on experimentation and building decentralized infrastructure for the Ethereum ecosystem. When Gnosis was founded in 2015, it focused on building prediction markets to enable worldwide access to accurate information. While creating the prediction market platform, it became clear that Gnosis needed to build the infrastructure required to support it. Gnosis Safe, for example, was born of necessity.

Gnosis operates as a [decentralized autonomous organization](https://coinmarketcap.com/alexandria/glossary/decentralized-autonomous-organizations-dao) (DAO) which provides infrastructure for various types of decentralized applications ([dApps](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps)), and builds products to transparently guide decisions on the development, support and governance of its ecosystem.

 

In November 2021, both the [xDAI](https://coinmarketcap.com/currencies/xdaistable/) and GnosisDAO community voted to combine their vibrant ecosystems to create the Gnosis Chain: An Ethereum forerunner-companion that addresses scaling issues through solid engineering.


## Who Are the Founders of Gnosis?

Gnosis was launched under ConsenSys Inc., an Ethereum-focused software company, back in 2015. Two years later, in 2017, the project won funding and became independent. It launched its native GNO token in April the same year. 

The core team is led by Martin Köppelmann (CEO and co-founder), Stefan George (CTO and co-founder) and Dr. Friederike Ernst (COO).

Gnosis CEO Martin Köppelmann is a serial entrepreneur and recognizable figure in the blockchain space. He has an IT systems engineering degree from the Hasso Plattner Institute, and helped research the economic incentive structure of various consensus mechanisms and scalability solutions.

Gnosis CTO and co-founder Stefan George is a software developer with a bachelor's degree in systems engineering from the University of Potsdam and a master's degree from the Hasso Plattner Institute. He became interested in the crypto industry back in 2013, when he served as a research intern at Sap labs. He went on to found fairlay.com (a centralized Bitcoin prediction market) and work for some Berlin-based startups. Like Köppelmann, he also helped develop various technology companies in Silicon Valley.


## What Makes Gnosis (GNO) Unique?

Gnosis has incubated Gnosis Safe (multisig and programmable account), Cow Protocol (formerly CowSwap and Gnosis Protocol), Conditional Tokens (prediction markets), Gnosis Auction, and Zodiac (standard and tooling for composable DAOs). Their success can be attributed to the recent spin-out of Cow Protocol and the formation of SafeDAO and Safe TOken. By combining needs-driven development with deep technical expertise, Gnosis has built the decentralized infrastructure for the Ethereum ecosystem.


The CoW (Confidence of Wants) protocol is a decentralized exchange (DEX) that distinguishes itself by utilizing a different method for matching and performing transactions. Instead of depending on liquidity provided by users within an automated market maker system, the CoW Protocol matches buyers and sellers using multi-token batch auctions, and executes trades at the most advantageous price currently available.


Safe is a customizable multisig wallet on Ethereum, requiring a pre-fixed number of signatures before a transaction can be executed. It is governed by SafeDAO, a decentralized group of backers, users and contributors.  

Gnosis Chain is the associated execution-layer EVM chain for stable transactions. It uses the xDai stablecoin for transactions and fees. It is secured by the Gnosis Beacon Chain (GBC) consensus layer, which uses a proof-of-stake (PoS) consensus mechanism.


### Related Pages:

Read about [Augur (REP)](https://coinmarketcap.com/currencies/augur/) — a prediction markets protocol on Ethereum.

Check out our step-by-step [guide](https://coinmarketcap.com/alexandria/article/how-to-add-gnosis-chain-to-metamask) on how to add Gnosis Chain to MetaMask.

What are Decentralized Autonomous Organizations (DAO)? Learn more with [CMC Alexandria](https://coinmarketcap.com/alexandria/article/what-is-a-dao).

What is a prediction market? Find out with the [CMC glossary](https://coinmarketcap.com/alexandria/glossary/prediction-market).


## How Many Gnosis (GNO) Coins Are There in Circulation?

GNO is the native cryptocurrency of the Gnosis ecosystem. It's used to operate and govern the platform. Gnosis (GNO) has a total maximum supply of 3,000,000 coins. At the time of writing, the circulating supply is 2,589,588 $GNO.

GNO owners are given access to the GnosisDAO platform, where they can express their opinion on protocol changes, influence the project development vector, participate in the prediction market and receive rewards.


## How Is the Gnosis Network Secured?

Gnosis (GNO) was built on the Ethereum blockchain as an [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token. Consequently, the whole network is secured by Ethereum’s Proof-of-Stake ([PoS](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos)) consensus mechanism. The Gnosis platform has a series of [smart contracts](https://coinmarketcap.com/alexandria/glossary/smart-contract) that are deployed on Ethereum and are frequently audited.

On top of that, the platform’s multi-sig protocol - Gnosis Safe - acts as an additional security layer. 


## Where Can You Buy Gnosis (GNO)?

Gnosis (GNO) is listed on crypto platforms like [Binance](https://coinmarketcap.com/exchanges/binance/), [Coinbase Exchange](https://coinmarketcap.com/exchanges/coinbase-exchange/), [Kraken](https://coinmarketcap.com/exchanges/kraken/), [Bitfinex](https://coinmarketcap.com/exchanges/bitfinex/), Uniswap [(V2)](https://coinmarketcap.com/exchanges/uniswap-v2/) / [(V3)](https://coinmarketcap.com/exchanges/uniswap-v3/), [Bittrex](https://coinmarketcap.com/exchanges/bittrex/), [Huobi](https://coinmarketcap.com/exchanges/huobi/), [Gate.io](https://coinmarketcap.com/exchanges/gate-io/), [Balancer](https://coinmarketcap.com/exchanges/balancer-v2/), [SushiSwap](https://coinmarketcap.com/exchanges/sushiswap-xdai/), [Bitget](https://coinmarketcap.com/exchanges/bitget/), [MEXC](https://coinmarketcap.com/exchanges/mxc/), [BKEX](https://coinmarketcap.com/exchanges/bkex/), [Bitvavo](https://coinmarketcap.com/exchanges/bitvavo/), [CoinEx](https://coinmarketcap.com/exchanges/coinex/), [LATOKEN](https://coinmarketcap.com/exchanges/latoken/), [BitMart](https://coinmarketcap.com/exchanges/bitmart/), [BTCEX](https://coinmarketcap.com/exchanges/btcex-exchange/), [DigiFinex](https://coinmarketcap.com/exchanges/digifinex/), [Dcoin](https://coinmarketcap.com/exchanges/dcoin/) and more.

Want to keep track of GNO prices live? Download the [CMC mobile app](https://coinmarketcap.com/mobile/).

Check out the top prediction-markets tokens by market capitalization [here](https://coinmarketcap.com/view/prediction-markets/).

Gnosis

Ledger

Trust Wallet

MetaMask

Atomic wallet

Gnosis Chain

Wrapped XDAI

Convex Finance is a DeFi protocol that allows Curve liquidity providersto earn a share of trading fees on Curve without staking liquidity there. Instead, LPs can stake with Convex and receive boosted CRV and liquidity mining rewards. This provides CRV stakers with better capital efficiency and positions Convex Finance as an important player in the Curve wars.

Convex has entered a competitive race to obtain as much control as possible of the Curve Finance stablecoin exchange. The more CRV tokens a protocol has, the more influence it has over interest rates on Curve, which is the largest DEX in the world by TVL. Consequently, the “Curve wars” are an ongoing race for influence over what is probably the most important protocol in DeFi.

Convex Finance

Decred is Money Evolved.

By combining battle tested Proof-of-Work with an innovative take on Proof-of-Stake that places coin holders in charge of shaping the future, Decred is able to adapt to challenges and innovate at a rapid pace. You acquire influence in Decred by putting “skin in the game”.

Decred’s security, privacy, scalability, and decentralized treasury empower stakeholders and provides them with the tools needed to enhance their financial sovereignty.

Decred

Rocket Pool is a decentralized Ethereum staking pool offering up to 4.33% APR for ETH2 staking. Users can join the Rocket Pool with its decentralized node operator network or run their own nodes with only 16 ETH. In the latter case, they can earn a commission from staking ETH and earn additional RPL rewards from providing RPL collateral, amounting to up to 6.36% APR for ETH and the additional RPL rewards.

Rocket Pool provides liquid staking, meaning users benefit from an increasing exchange rate instead of adding on to their initial staked collateral, which would be a taxable event. Furthermore, Rocket Pool offers smart nodes: a custom node software allowing anyone to run a node on its network. With losses from bad nodes distributed across the network, individual users minimize their risk of facing penalties. This is supported by the pool’s open-source and audited smart contracts, which guarantee fully non-custodial staking and a maximum degree of decentralization.

Rocket Pool

Balancer is an automated market maker (AMM) that was developed on the Ethereum blockchain and launched in March 2020. It was able to raise a $3M seed round by Placeholder and Accomplice. Balancer protocol functions as a self-balancing weighted portfolio, price sensor and liquidity provider. It allows users to earn profits through its recently introduced token ($BAL) by contributing to customizable liquidity pools.

To learn more about this project, check out our deep dive of Balancer(https://coinmarketcap.com/alexandria/article/what-is-balancer.

The protocol operates a few types of pools:

Private pools give the owner governance over the pool, and make the person the sole contributor of liquidity to the pool. Also, all the parameters are mutable by the owner.

Shared pools are for those who want to become liquidity providers (LPs). The LPs are rewarded with the Balancer Pool Tokens (BPTs).

Smart pools are similar to private pools but are controlled by a smart contract. They also reward using BPTs and allow anyone to contribute liquidity to the pool.

Balancer

Maker (MKR) is the governance token of the MakerDAO and Maker Protocol — respectively a decentralized organization and a software platform, both based on the Ethereum blockchain — that allows users to issue and manage the DAI stablecoin.

Initially conceived in 2015 and fully launched in December 2017, Maker is a project whose task is to operate DAI, a community-managed decentralized cryptocurrency with a stable value soft-pegged to the US dollar.

MKR tokens act as a kind of voting share for the organization that manages DAI; while they do not pay dividends to their holders, they do give the holders voting rights over the development of Maker Protocol and are expected to appreciate in value in accordance with the success of DAI itself.

The Maker ecosystem is one of the earliest projects on the decentralized finance (DeFi) scene: the industry that seeks to build decentralized financial products on top of smart-contract-enabled blockchains, such as Ethereum.

Maker

Aragon

The Frax Protocol is the first fractional-algorithmic stablecoin system. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum (with possible cross chain implementations in the future). The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC. The protocol incorporates the following concepts:

Fractional-Algorithmic – Frax is a unique stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic. The ratio of collateralized and algorithmic depends on the market's pricing of the FRAX stablecoin. If FRAX is trading at above $1, the protocol decreases the collateral ratio. If FRAX is trading at under $1, the protocol increases the collateral ratio.

Decentralized & Governance-minimized – Community governed and emphasizing a highly autonomous, algorithmic approach with no active management.

Fully on-chain oracles – Frax v1 uses Uniswap (ETH, USDT, USDC time-weighted average prices) and Chainlink (USD price) oracles.

Two Tokens – FRAX is the stablecoin targeting a tight band around $1/coin. Frax Shares (FXS) is the governance token which accrues fees, seigniorage revenue, and excess collateral value.

Before Frax, stablecoins were divided into three different categories: fiat collateralized, overcollateralized with cryptocurrency, and algorithmic with no collateral. Frax is the first kind of decentralized stablecoin to classify itself as fractional-algorithmic ushering in the 4th and most unique category.

Frax Share

0x is an infrastructure protocol that allows users to easily trade ERC20 tokens and other assets on the many different blockchains (including Ethereum) without relying on centralized intermediaries. It is a protocol for decentralized exchange.

0x achieves this decentralized exchange functionality using a collection of open-source, publicly auditable smart contracts that work together to produce a flexible, low-friction trading protocol that developers can easily weave into their products.

The protocol is used by companies building web3 apps such as wallets, DEXes, portfolio trackes, and others. It is a used by hundreds of developers for their projects. The protocol has facilitates over $200B in trading volume since its inception. One can track its usage in its dedicated https://explorer.0x.org/.

The protocol is powered by an ERC20 governance token known as ZRX. ZRX holders can participate in protocol governance, having direct power over protocol changes and its community treasury.

0x Protocol

Compound is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform.

To learn more about this project, check out our deep dive of Compound.

When a user deposits tokens to a Compound pool, they receive cTokens in return. These cTokens represent the individual’s stake in the pool and can be used to redeem the underlying cryptocurrency initially deposited into the pool at any time. For example, by depositing ETH into a pool, you will receive cETH in return. Over time, the exchange rate of these cTokens to the underlying asset increases, which means you can redeem them for more of the underlying asset than you initially put in — this is how the interest is distributed.

On the flip side, borrowers can take a secured loan from any Compound pool by depositing collateral. The maximum loan-to-value (LTV) ratio varies based on the collateral asset, but currently ranges from 50 to 75%. The interest rate paid varies by borrowed asset and borrowers can face automatic liquidation if their collateral falls below a specific maintenance threshold.

Since the launch of the Compound mainnet in September 2018, the platform has skyrocketed in popularity, and recently passed more than $800 million in total locked value.

Compound

Launched in 2017, Livepeer is the first live video streaming network protocol that is fully decentralized. The platform aims to become a viable blockchain-based, economically efficient alternative to centralized broadcasting solutions for all new and existing broadcaster companies.

To learn more about this project, check out our deep dive of Livepeer.

As stated in the official Livepeer whitepaper, the live video streaming and broadcasting industry is growing at a rapid pace, and the company is looking to ride this wave and introduce decentralization to the environment. Livepeer aims to streamline the broadcasting process by allowing producers to submit their work on the platform, taking care of reformatting and distributing the content to users and streaming platforms.

Livepeer

Synthetix is building a decentralized liquidity provisioning protocol that any protocol can tap into for various purposes. Its deep liquidity and low fees serve as a backend for many exciting protocols on both Optimism and Ethereum. Many user-facing protocols in the Synthetix ecosystem, such as Kwenta (Spot and Futures), Lyra (Options), Polynomial (Automated Options), and 1inch & Curve (Atomic Swaps), tap into Synthetix liquidity to power their protocols. Synthetix is built on Optimism and Ethereum mainnet. The Synthetix Network is collateralized by SNX, ETH, and LUSD, enabling the issuance of synthetic assets (Synths). Synths track and provide returns on the underlying asset without requiring one to directly hold the asset. This pooled collateral enables an array of on-chain, composable financial instruments backed by liquidity from Synthetix. Some of the most exciting upcoming releases from SNX are Perps V2, which hopes to enable low-fee on-chain futures trading through the usage of off-chain oracles, and Synthetix V3, which aims to rebuild the protocol to achieve its earliest goal, being a fully permissionless derivatives protocol. Learn more about Synthetix on their blog or by joining the SNX Discord.

The platform aims to broaden the cryptocurrency space by introducing non-blockchain assets, providing access to a more robust financial market.

Synthetix

Qtum (pronounced ‘“quantum”)  is a proof-of-stake (PoS) smart contract open-source blockchain platform and value transfer protocol. It aims to bring together the strengths of Bitcoinand Ethereumin one chain. Qtum is built on Bitcoin's UTXO transaction model, with the added functionality of smart contract execution and DApps. Recently, the platform added support for DeFi applications. As of March 2021, there are more than 20 tokens created on the Qtum blockchain.

To learn more about this project, check out our deep dive of Qtum.

The project was announced in March 2016 and held an ICO a year after, in March 2017, which brought its founders $15 million USD. The Qtum main chain was released on Sept.13, 2017. Initially, the Qtum coin was issued as a ETH-20 token, but with the launch of the mainnet, it was converted to native blockchain.

Qtum

Arweave is a decentralized storage network that seeks to offer a platform for the indefinite storage of data. Describing itself as "a collectively owned hard drive that never forgets," the network primarily hosts "the permaweb" — a permanent, decentralized web with a number of community-driven applications and platforms.

To learn more about this project, check out our deep dive of Arweave.

The Arweave network uses a native cryptocurrency, AR, to pay "miners" to indefinitely store the network's information.

The project was first announced as Archain in August 2017, later rebranding to Arweave in February 2018 and officially launching in June 2018.

Arweave

Kava is a Layer-1 blockchain that combines the speed and interoperability of Cosmos with the developer power of Ethereum.

Kava was built from the ground up to optimize its resources for protocol growth, strengthened by its Cosmos EVM technology that enables maximum scalability, speed, security, and developer support.

Builders on Kava earn a share of Kava Rise's $750M developer incentive fund via the program's blockchain-based distribution method, designed to reward the top protocols every month based on usage.

Kava

Yearn.finance is an aggregator service for decentralized finance (DeFi) investors, using automation to allow them to maximize profits from yield farming.

Its goal is to simplify the ever-expanding DeFi space for investors who are not technically minded or who wish to interact in a less committal manner than serious traders.

Launched in February 2020, the service, formerly known as iEarn, has seen huge growth in recent months as new products debuted and developers released in-house token YFI.

yearn.finance

UMA was founded in 2018 by Allison Lu and Hart Lambur, two ex Goldman Sachs traders, with the goal of making global markets universally fair, accessible, secure and decentralized.

The team drew inspiration from traditional finance derivatives to define an open-source protocol to allow anyone, anywhere, to design and build trustless financial contracts.

Developed by leading Korean IT company Kakao, Klaytn is a global Layer 1 public blockchain designed to power tomorrow’s on-chain world. With the lowest transaction latency amongst leading blockchains, enterprise-grade reliability, and a developer-friendly environment, Klaytn provides a seamless experience for users and developers that is second to none. Since its launch in June 2019, Klaytn has been accelerating blockchain mass adoption through a broad array of use cases from DeFi to real-world assets, entertainment and gaming, and even the Bank of Korea’s CBDC pilot project. Today, it is one of the only globally competitive Web 3.0 ecosystems developed in South Korea, generating more than 1 billion transactions from over 300 decentralized applications.

Klaytn

aelf

Curve is a decentralized exchange for stablecoins that uses an automated market maker (AMM) to manage liquidity.

Launched in January 2020, Curve is now synonymous with the decentralized finance (DeFi) phenomenon, and has seen significant growth in the second half of 2020.

In August, Curve launched a decentralized autonomous organization (DAO), with CRV as its in-house token. The DAO uses Ethereum-based creation tool Aragon to connect multiple smart contracts used for users’ deposited liquidity. Issues such as governance, however, differ from Aragon in their weighting and other respects.