How Gnosis Pay Accounts Work
Last updated
Last updated
The Delay Module fixes a race condition:
The user has full control over their Safe through the delay module. This means that the user can execute transactions on behalf of the Safe, but with a delay of 3 minutes.
This constraint is put in place so that Gnosis can have the assurance that payments can be settled on chain within a 3 minute timeframe - and not having the EURe withdrawn that were already confirmed to settle as a Visa transaction.
However, these constraints forbid us to do swaps - e.g. from yield-bearing sDAI to EURe - during a payment. This is where you, the developer come in 😎
Below, you can see documentation explaining the Delay & Role Modules and links to the smart contract repos
Fundamentally, a Gnosis Pay account is just a with two modifiers attached, one is the Delay Module, and the other being the Roles Module.
To use Gnosis Card, you can get EURe and GBPe on gnosis chain, following these steps :
