---
# System prepended metadata

title: Gnosis Factor Disbursements

---


# Overview

Gnosis DAO received disbursements from factor in regards to its investments in OLAS and HOPR. We wanted to take the opportunity to share karpatkey's strategic action plan with the tokens.  The plan involves establishing CoW FM-AMM liquidity pools (LPs) with these tokens to foster a long-term partnership with the respective projects.  Additionally, we aim to reinforce our commitment by relocking a significant portion of the DAO's OLAS tokens. In parallel, we will leverage another portion of the funds to execute strategic buybacks of GNO, strengthening our ecosystem.

## Details

Gnosis DAO recently received 8.5M OLAS and 10M HOPR from its investments into the respective projects through the factor fund (GIP-38). With the release of [CoW’s FM-AMMs](https://twitter.com/CoWSwap/status/1757783798601986400) we propose to initiate seeding LPs on Gnosis to build liquidity in CoW AMM. This aims to build a long-term alignment with the projects invested in, build liquidity on Gnosis, and support CoW’s new FM-AMM.

### CoW FM-AMM
CoW Function-Maximising AMM (FM-AMM) is a new AMM which batches trades together and executes them all together at the same price - eliminating first come, first serve arbitrage and LVR.

We suggest launching the following pools on CoW AMM:



* GNO-COW
* GNO-HOPR
* GNO-OLAS

GnosisDAO will seed the GNO-COW and GNO-HOPR pools directly, while it will set up a programmatic CoW order for OLAS over 6 months with 1.5M OLAS.

[Programmatic orders](https://docs.cow.fi/cow-protocol/concepts/order-types/programmatic-orders) allow us, i.e., given a total of 100 tokens _x_ and a desired FM-AMM LP pool of _x-y_, to sell 50% of token x over a time period of _t_ and end up with a 50/50 _x-y_ after _t_. By leveraging CoW Swap’s TWAPs and using long timeframes, the sell pressure on the market is significantly curtailed. Tokens are always sold at market price and immediately added to the LP after each TWAP part, thus liquidity in the FM-AMM is gradually built up over time. Programmatic orders also allow setting a global limit price, at which orders would stop until the exchange rate in range of the set global limit price again.

### OLAS

We will further lock 6M OLAS for 6 months to show Gnosis’ long-term commitment to OLAS. OLAS has been a strong user of Gnosis with their AI agent network and incentivizing LPs to lock liquidity on Balancer on Gnosis. Gnosis is a strong believer in AI agents and the Autonolas project and we have many things planned to [further the agent economy on Gnosis](https://forum.gnosis.io/t/gnosis-and-autonolas/8167). 

We will retain 1M OLAS liquid in the treasury (6M locked, 1.5M CoW AMM), part of which may be used to market buy GNO. This will be done at the discretion of karpatkey and in a long-term timeframe, minimising market impact on OLAS.

Thereby, we would be relocking 70% of our OLAS tokens to show Gnosis DAO’s support for OLAS, while using the majority of the unlocked tokens to build up OLAS-GNO liquidity on Gnosis and using a portion of the unlocked funds to buyback GNO directly on the market.
