Safe and Chainlink Labs Establish Strategic Alliance

Safe Ecosystem Foundation announces Safe Labs, a new subsidiary focused on scaling self-custody solutions and treasury management. Led by CEO Rahul Rumalla, the company aims to expand Safe Smart Accounts adoption. Key highlights: - Morpho Labs integration into Safe{Wallet} enables one-click deposits and automated yield - Safe currently secures $60B+ and processes $10B+ monthly on L2s - Platform handles 4% of all ETH transactions - Focus remains on making self-custody accessible and secure [Read the full announcement](https://safe.global/blog/safe-labs-launch-rahul-rumalla-ceo)

Self-custody solutions are evolving to become more user-friendly while maintaining security. Key developments include: - Smart contract wallets now offer **social recovery** options - New solutions combine hardware security with software flexibility - Multi-signature setups becoming more accessible to non-technical users The push for better self-custody tools comes as centralized exchanges face increased scrutiny. Industry leaders emphasize that true ownership requires direct control of private keys, but with enhanced safety mechanisms. *Implementation of account abstraction on Ethereum mainnet is accelerating these improvements.*

Safe's smart accounts are making significant inroads in blockchain transaction processing: - Currently handles 5.6% of all transactions across major EVM chains - Demonstrates growing adoption of smart account infrastructure - Follows milestone of $100B+ in cross-chain flows from Ethereum This data suggests a shift toward smart accounts becoming fundamental infrastructure for large-scale financial operations on blockchain networks. *Key Context:* Safe's growing market share indicates increasing mainstream adoption of smart wallet solutions.

Safe{Pass} announces a special rewards week featuring Coinshift. From October 7-13, users can earn double points on their transactions when using Coinshift. Key details: - Event duration: October 7-13, 2024 - Reward: 2x points on transactions - Platform: Coinshift This promotion offers an opportunity for users to maximize their rewards during the specified period. Participants are encouraged to prepare for the event and take advantage of the increased point earnings. Remember to use Coinshift during the promotional week to benefit from this limited-time offer.

Safe{Core} Gas Station, a program covering gas fees for early-stage developers building on the ERC4337 standard, has expanded with three new partners: - Linea Build: $50K - Worldcoin: $100K - Bob: $150K These contributions add $300K to the existing support from partners like Polygon and Gnosis Chain. The program aims to: - Reduce early development costs - Lower user acquisition costs - Enable frictionless campaign launches - Allow developers to focus on innovation Developers using Safe{Core}, Safe smart contracts, or building on supported chains can apply to participate. Lukas Schor, Safe co-founder, emphasizes the program's role in addressing developer and user experience challenges in the Web3 space. **To apply or learn more, visit: https://safe.global/gas-station**