[Discussion] SAFE Token Utility

Just documenting my thoughts from the governance call just now.

I think that’s a good point and I personally see an avenue where the activity program could turn into this. As the program, as currently proposed, involves a mechanisms where SAFE tokens are being locked. While this is no traditional staking, given no slashing conditions and actual use of the locked tokens for economic security etc. It definitely has potential to turn into this. The different abstraction layers provide different areas where staking in some form could provide value, and having an existing locking mechanism would allow SAFE token holders to opt into such mechanisms as they are being developed by the ecosystem. This could even be similar to restaking where one could opt into different mechanisms, even in parallel.

So while the activity that initially is most valuable for the Safe ecosystem might be things like creating a Safe, making transactions, holding assets, etc. the “valuable” activities may become more connected to future token utilities where SAFE token holders provide economic security or similar.

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