Members of the Gnosis community are reconsidering the choice of Gas token for this chain
Odaily reports that Gnosis community members are reconsidering their choice of Gas token for the chain, due to MakerDAO's recent rebranding as Sky and the launch of a new stablecoin, Sky Dollar (USDS). Gnosis operates a sidechain currently using a bridged version of DAI, known as xDAI, for paying network gas fees. MakerDAO is the issuer of DAI, a stablecoin backed by collateralized crypto assets. As part of MakerDAO’s "endgame" plan, it will allow DAI holders to choose to upgrade their tokens at a 1:1 ratio to USDS while also offering opportunities for native token rewards. The new USDS stablecoin may introduce more centralized features including the ability to "freeze" wallet addresses and limit access from UK and US users. These changes have raised concerns among Gnosis chain users about the reliability of USDS in covering transaction costs. (The Block)
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