SAFE Token Transfer and Tokenomics Details

Safe has launched **Safenet Beta**, a decentralized protocol that validates transactions onchain before execution. The system works by having validators check transactions in real-time and produce cryptographic attestations that are verified onchain - if flagged as unsafe, execution is blocked. **Key features:** - Byzantine Fault Tolerant and gas-efficient - Works across any EVM chain - Users maintain full self-custody - Flagged transactions can be overridden with explicit approval and time delay **Network details:** - Genesis validators include Rockaway, Gnosis, Greenfield Capital, and Blockchain Capital - Designed to secure Safe's ecosystem: 60M+ accounts, 1B+ transactions, $40B TVL - $SAFE token powers the network through staking - Staking now live for validator participation and rewards The protocol addresses the $20B lost to hacks since 2017, providing onchain security enforcement that protects users even if they sign malicious transactions by mistake. [Explore Safenet](http://safefoundation.org/safenet) | [Live Network](http://explorer.safenet-beta.eth.limo) | [Stake $SAFE](http://safefoundation.org/safenet#stake-safe)

Julian Grigo from SafeLabs presented at EthCC on the risks of DeFi's heavy reliance on dollar-denominated assets. **Key Points:** - Current DeFi ecosystem runs predominantly on USD-based stablecoins and assets - This concentration creates systemic vulnerabilities for the decentralized finance sector - Grigo advocates for developing euro-native infrastructure as an alternative - Building multi-currency DeFi systems could create a more resilient onchain economy - The talk addresses sovereignty concerns in decentralized finance The 20-minute presentation challenges the assumption that dollar dominance in DeFi is sustainable or desirable. SafeLabs suggests that diversifying the currency base of DeFi protocols could reduce systemic risk and create a more robust financial system. [Watch the full talk](https://www.youtube.com/watch?v=Z-lhicy68tI)

Safe has joined the Ethereum Economic Zone (EEZ) alliance, a new L1-L2 rollup framework developed by Gnosis and ZK-ISM. **Key Development:** - The partnership enables a single Safe wallet to operate across Ethereum L1 and all EEZ Layer 2 networks - Announced at EthCC conference - Spark has also expressed support for the initiative **What is EEZ?** The Ethereum Economic Zone aims to address current challenges in the Ethereum ecosystem by reducing fragmented liquidity and strengthening shared security while keeping economic value aligned with Layer 1. **Impact:** This framework represents a step toward a more unified Ethereum experience, allowing users to maintain one wallet across multiple layers rather than managing separate accounts on different networks.

Safe{CON} has confirmed Ethereum Foundation's @hwwonx as a featured speaker for their upcoming conference. The presentation will explore Ethereum's DeFiPunk vision, adding to a growing lineup of blockchain thought leaders. This announcement follows the tradition of securing prominent speakers in the Ethereum ecosystem, similar to DΞVCON1's previous booking of Nick Szabo as keynote speaker. - Focus will be on Ethereum's DeFiPunk vision - Speaker: @hwwonx from Ethereum Foundation - Part of Safe{CON}'s speaker series

Andreas Tsamados (@miroyato), co-founder of Fileverse, will present at Safe{CON} 2 in Berlin on May 23. His talk explores the intersection of cypherpunk principles and data self-custody, focusing on DeSoc primitives built on Safe infrastructure. Key topics: - Data sovereignty and self-custody solutions - Subversive technology applications - Safe asset management integration Join the discussion at [Safe{CON} 2](http://conf.safe.global) to learn about the future of decentralized data ownership.