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
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
For this month’s reporting: January Reporting
For all CES Updates: Notion