Boosting SafeDAO Participation with $SAFE on Gnosis Chain

Safe Ecosystem General Discussion
1

Hey everyone, I wanted to share some thoughts on how we can make SafeDAO more accessible and strengthen the ties between Gnosis and Safe by supporting $SAFE on the Gnosis Chain for voting.

Here’s why this could be a game-changer:
First off, Gnosis and Safe are deeply connected. Safe was born out of Gnosis, and their fates are intertwined—one thrives, the other benefits; one struggles, the other feels it too. Enabling $SAFE holders on the Gnosis Chain to participate in SafeDAO voting would tighten this bond and make the ecosystem stronger.

Right now, $SAFE on the Ethereum mainnet has some challenges. Liquidity is pretty low, both on DEXs and CEXs, and transaction fees for transfers or trading can sting. This makes it harder for people to engage with SafeDAO, leading to lower participation. Meanwhile, $SAFE can move between Ethereum and Gnosis Chain without any loss, which is a huge plus. Why not leverage this to make things easier?

Here’s the big idea: let’s support $SAFE token holders on Gnosis Chain in Snapshot voting strategies for SafeDAO. This would lower the barrier to entry, encouraging more people to get involved. Plus, it could indirectly boost $SAFE’s liquidity by giving it more utility on Gnosis Chain, where transactions are cheaper and faster. More participation, more activity, more win for everyone.

The best part? Implementing this is super simple. It’s just a matter of tweaking the Snapshot strategy to include Gnosis Chain $SAFE holders. We’re talking about a 5-minute fix for admins—low effort, high impact.

I believe this small change could make SafeDAO more inclusive, pump up participation, and strengthen the Gnosis-Safe connection.

Thx for ur discussion

4 Likes
2

Thank you for bringing up this important topic.

We agree that there are strong synergies between Safe and Gnosis Chain, and we’re generally supportive of leveraging those connections to benefit Safe’s growth and ecosystem development.

However, based on data from Gnosisscan, there are currently only 312 SAFE token holders on Gnosis Chain. This is a very small number compared to the more than 11,000 addresses holding SAFE on Ethereum. Given this disparity, we believe that adding voting support for Gnosis Chain at this stage is unlikely to significantly impact Safe’s growth or governance participation.

2 Likes
3

The core reason for the low level of governance participation is still the lack of interest drive.
If there is a mechanism like crv or pendle, even the governance of safeDAO itself can generate huge value.

2 Likes