Gnosis community members are reconsidering the chain's choice of gas token

Odaily News Gnosis community members are reconsidering the chain’s choice of gas token in light of MakerDAO’s recent rebranding to Sky and the launch of a new stablecoin, Sky Dollar (USDS). Gnosis operates a sidechain that currently uses a bridged version of DAI, called xDAI, to pay for gas on the network. MakerDAO is the issuer of DAI, a stablecoin backed by crypto asset collateral. As part of MakerDAO’s “endgame” plan, it will allow DAI holders the option to upgrade their tokens to USDS at a 1:1 ratio, while also offering the opportunity for native token rewards. The new USDS stablecoin may introduce more centralized features, including the ability to “freeze” wallet addresses and restrict access to users from the UK and the US. These changes have raised concerns among Gnosis chain users about the reliability of USDS in covering transaction costs. (The Block)