Safe{DAO} Proposes First Revenue Stream via Community-Aligned Fees
Safe{DAO} Proposes First Revenue Stream via Community-Aligned Fees
🤑 Safe's $2.5M community windfall?
Safe{DAO} is discussing a proposal to accept its first revenue stream through community-aligned fees. The proposal suggests pledging new annualized fees of ~$2.5M to Safe{DAO}. This move aims to convert the potential of Safe's ~$65B TVL into value for the community.
Key points:
- Native Swaps with CoWSwap is the first example of generating fees through Safe{Wallet} integrations
- More embedded features are expected to add to community-aligned fees
- The proposal is open for discussion on the Safe governance forum
This initiative could create a flywheel effect, potentially shaping the future of Safe and its community.
🚨 Today, @safegovernance begins discussing community-aligned fees. New annualized fees of ~$2.5M are proposed to be pledged to Safe{DAO}. What does this mean for the future and the Safe community flywheel? 🧵 ↓
Safe{Wallet} Partners with Morpho to Enable Treasury Yield Generation
Safe{Wallet} has integrated with Morpho to help organizations generate yield on idle treasury assets. Key features: - One-click deposit process within the multisig interface - Access to enterprise-grade yield opportunities - $50B+ in assets can now earn risk-adjusted yields - Direct deposits into Morpho Vaults - Curation by SteakhouseFi - Integration via Kiln Finance - Focus on blue-chip collateral markets The solution aims to address significant unrealized yield potential for treasury managers while maintaining security and simplicity.
Safe{Wallet} Integrates Morpho Labs for Direct Yield Generation
Safe{Wallet} has launched a new Earn feature powered by Morpho Labs, enabling direct yield generation on multiple assets: - Supported tokens: USDC, USDT, wBTC, wETH, and wstETH - No bridges or custody trade-offs required - Simple one-tap earning process The integration leverages Morpho Vaults, curated by SteakhouseFi and integrated via Kiln Finance, focusing on blue-chip collateral markets. This development allows $50B+ worth of assets secured by Safe to access risk-adjusted yield opportunities. **Key Benefits:** - Enterprise-grade yield generation - Seamless integration - Direct deposits into verified markets - Designed for DAOs, treasuries, and advanced users
Safe{CON} 3 and DappCon Announce Cross-Event Access
Safe{CON} 3 and DappCon have partnered to offer reciprocal access to attendees of both events. - All Safe{CON} 3 ticket holders receive complimentary entry to DappCon - DappCon attendees can participate in Safe{CON} 3 at no extra cost Safe{CON} 3's theme Wen Quadrillion? will explore the future of onchain custody. The event serves as DappCon's closing segment. Register for both events at [Safe{CON} Registration](https://lu.ma/92ie93ym)
Safe Dominates EVM Chain Transactions with 5.6% Market Share
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} Ecosystem Spotlight: Coinshift Rewards Week
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.