Gnosis Protocol Introduces their V2 and Balancer-Gnosis-Protocol

One year ago, Gnosis Protocol v1 launched, introducing a new DEX mechanism to Ethereum.

Today, we are happy to announce the planned launch for Gnosis Protocol V2 (GPv2). Gnosis Protocol V2 leverages batch auctions to provide MEV protection, plus integration with liquidity sources across DEXs, to offer traders the best prices.

Ahead of the launch, we have some huge news to share, which includes the proof-of-concept CowSwap DEX live today, with gas fees currently 90% subsidized, through which new features of GPv2 will be progressively rolled out.

For GPv2, we’re also teaming up with Balancer to launch a partnership integration, Balancer-Gnosis-Protocol, expected to be live in mid-June with a stable version of GPv2 built on top of the Balancer V2 vault. While the Balancer-Gnosis-Protocol is interoperable with any DEX, it will be especially gas efficient when trading against Balancer pools. This together forms the crypto cinematic universe crossover event, Balancer-Gnosis-Protocol (BGP).

We’ve incorporated the learnings from Gnosis Protocol v1 into the upcoming launch of V2, with an additional emphasis on user experience and the ability to tap into any liquidity source on-chain, while continuing to protect traders from MEV (Maximal Extractable Value), which is a phenomenon currently capturing value up to 0,1% of all DEX orders on Ethereum since January 2020.¹

About Gnosis

Gnosis builds new market mechanisms for decentralized finance. Our three interoperable product lines allow you to securely create, trade, and hold digital assets on Ethereum.

📰 INFO

https://blog.gnosis.pm/introducing-gnosis-protocol-v2-and-balancer-gnosis-protocol-f693b2938ae4