GM everyone. We’re glad to reach the end of another reporting period!
As a major update, this reporting period saw one of the two outstanding OBRA initiatives complete its final milestone. This is in line with our estimation that all initiatives will complete their grantee responsibilities before the next wave of OBRA.
Applications
To date, OBRA has maintained a total of 42 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: June 9th, 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 is eligible to be distributed to initiatives this period is $40,500
| Initiatives Accepted* | May Payouts | USD Value Promised | USD Value Transferred |
|---|---|---|---|
| 23 | $10,000 | $1,050,000 | $968,800 |
*Note: We’ve adjusted budget tracking to only reflect active OBRA initiatives.
Budgeting accounts for accepted and onboarded projects to date.
Initiative Outcomes
February saw 3 initiatives complete milestones for a total of 4 achieved milestones.
| Initiative | Milestone Completed |
|---|---|
| LuukDAO [SEP 51] | Milestone III: Integration |
@LuukDAO [SEP 51] has successfully completed all their milestones including integrating and launching of vaults in Super Accounts. You can check out the vaults here.
Lagoon [SEP 47] has paused their work on the DeFi-Kit due to external blockers surrounding its continued maintenance. You can find more details in their reporting sheet here. Lagoon and the Safe governance team are currently in the process of rescoping this initiative and further updates will be provided to the community once this has been finalized.
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: May Reporting
For all CES Updates: Notion