Safe{DAO} Proposes First Revenue Stream via Community-Aligned Fees

🤑 Safe's $2.5M community windfall?

By Safe
Sep 2, 2024, 7:18 PM
twitter
News article
Photo by Safe

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.​

Sources
Read more about Safe

Safe{Wallet} Expands Network Support Following Security Audit

Safe{Wallet} has expanded its network support following a comprehensive security investigation after the Bybit incident. The wallet is now available on: - Worldcoin - Mantle - Scroll - zkSync - Polygon zkEVM - Base - BNB Chain - Gnosis Chain - Optimism - Arbitrum The restoration follows a thorough forensic investigation by Mandiant, with preliminary findings expected soon. Additional security measures have been implemented, including enhanced transaction validation and monitoring alerts. Users can access their funds through alternative interfaces while waiting for support on other networks.

Safe Dominates EVM Chain Transactions with 5.6% Market Share

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} 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.

Safe{Core} Gas Station Expands with New Partners

Safe{Core} Gas Station Expands with New Partners

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**

Full Stack Decentralization Countdown

Full Stack Decentralization Countdown

The countdown to Full Stack Decentralization continues, with the event set for October 1, 2024. This recurring news update suggests an ongoing build-up to a significant milestone in the decentralization space. Key points: - Event date: October 1, 2024 - Theme: Full Stack Decentralization - Consistent updates indicate a major upcoming development As the date approaches, stay tuned for more details on how this event might shape the future of decentralized technologies. **Call to Action**: Mark your calendars and prepare for a potential shift in the decentralization landscape.