[CES] OBRA: Initiatives Reporting - January 2025

GM everyone! We’re now edging closer to the next evolution of Safe governance with the implementation of the Committees and Council structure. As discussed in the last Governance Call, the framework implementation is targeted for March 2025 after the new Grants Council elections have been concluded prior to that.

As OBRA hit the ~12-month anniversary mark, @amanwithwings shared a retrospective on the forum to help the community reflect on our progress and challenges. We encourage more feedback and discussion from the community on how we can improve OBRA especially going into the new Safe governance structure.

During this reporting period, we received no new OBRA applications, however two previously approved initiatives were successfully onboarded. These were ZK Email and Gnosis Guild.

Applications

To date, OBRA has maintained a total of 41 applications, of which 23 have been accepted by SafeDAO via governance. Increasing governance participation remains the strategy with the lion-share of OBRA applications.

Currently, there are no applications being voted on in snapshot. As always to find the updated list of OBRA proposals and their details, see our Notion Hub here.

Financial Update

Reporting date: January 30th, 2025

OBRA Treasury Overview :moneybag:

As of this reporting, OBRA has promised ~$1M in funds for onboarded and active initiatives. The total amount of funding that will be distributed to initiatives this period is ~$48k.

Initiatives Accepted* January Payouts USD Value Promised USD Value Transferred
23 $77,000 $1,000,500 $719,000

*Note: We’ve adjusted budget tracking to only reflect active OBRA initiatives.
Budgeting accounts for accepted and onboarded projects to date.

Initiative Outcomes

November saw 3 initiatives complete milestones for a total of 6 achieved milestones.

Initiative Milestone Completed
ZK Email Milestone I: Code Development & Initial Audit
ZK Email Milestone II: Testnet Deployment & User Testing
ZK Email Milestone III: Final Deployment
Lighthouse Milestone III: Testing & Iteration
Kolektivo & Hopper Milestone II: Simulations
Kolektivo & Hopper Milestone III: Report Publication

Although ZK Email was approved by the DAO in September 2024, the initiative only recently completed their onboarding in January 2025. However, they proactively began executing and had completed all their milestones by the time onboarding was complete. The initiative launched an email-based recovery system for Safe wallets here. Further details can be found in their initiative reporting sheet here.

Kolektivo & Hopper published their report on Savings Accounts and Safe Vaults on the forum here. The report shares insight into yield-bearing strategies for assets held in Safe savings accounts and vaults. We encourage the community to read the report and provide feedback on the forum.

These updates, along with more details on the progress of OBRA initiatives for the past reporting period, will be reflected on our CES Reporting Summary page here.

CES Resources

:white_circle: For this month’s reporting: January Reporting

:white_circle: For all CES Updates: Notion

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