Safe

Safe has launched Safenet Beta, a new defense protocol designed to address a fundamental gap in self-custody wallets. **The Problem** Current wallet security relies on centralized warning systems that operate between user signatures and transaction execution. These providers don't disclose their security checks, creating an opaque intermediary layer. **The Solution** - Safenet operates at the protocol level rather than through centralized warnings - Powered by the $SAFE token - Designed to protect users even if they sign malicious transactions by mistake - Provides onchain enforcement of security measures **Why It Matters** Since 2017, $20 billion has been lost to hacks in the self-custody space. Traditional warning systems have proven insufficient against sophisticated attacks. The beta is now live at [safefoundation.org/blog/safe-launches-safenet-beta](http://safefoundation.org/blog/safe-launches-safenet-beta)

Safe has launched **Safenet Beta**, a new defense protocol designed to protect self-custody wallets from security threats. **Key Features:** - Powered by the $SAFE token - Uses onchain enforcement to protect users even if they sign transactions by mistake - Addresses the $20B lost to hacks since 2017 The protocol aims to provide stronger security measures beyond traditional warnings, offering a new layer of protection for users managing their own assets.

The Safenet Beta protocol has successfully attested its first 100,000 transactions in less than two weeks since going live. **Key Achievement:** - 100,000 transactions processed in <2 weeks - Protocol now operational on mainnet - Targeting 1 billion transactions in the multisig ecosystem This milestone follows Safe's previous achievement of reaching 1 million transactions on mainnet in under two years, backed by 11 patents.

The Safe ecosystem is addressing the critical security issue of **blind signing** through Candide's OpenSig solution. **What is blind signing?** - Users approve transactions without seeing what they're actually signing - Creates significant security vulnerabilities - Particularly problematic in the age of AI agents **The Solution:** OpenSig enables **clear signing**, allowing users to understand exactly what they're approving before confirming transactions. This transparency is crucial for maintaining security as smart wallets and autonomous agents become more prevalent. The initiative represents a significant step forward in making Web3 interactions safer and more user-friendly, addressing one of the ecosystem's most pressing security concerns.

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.

Safe{CON} has announced two notable speakers for their upcoming conference: - **@anticustody** will present on the future of onchain organizations, focusing on governance, coordination, and decision-making processes - **Gal Sagie**, CEO of Hypernative, will discuss innovations in transaction security enabled by smart accounts *Event details and registration information to be announced.* [Follow Safe on Twitter](https://twitter.com/safe) for updates.

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**