[Draft] Safe Boost on Gnosis Chain

Proposals Phase 1: Draft
1

Title: [Draft] Safe Boost on Gnosis Chain

Authors: @karpatkey

Created: 2024-11-1

Abstract

Safe Boost is a 6-month rewards program to expand Safe activity and users on Gnosis Chain where users earn points when performing certain activities. A total of 250k SAFE tokens will be distributed as part of the program, based on the points accrued.

As the Joint Treasury will fund the program, no additional funding is required for this initiative.

If the proposal receives support from both Gnosis DAO and Safe DAO, karpatkey will operationalise the program described below on behalf of the JT.

Proposal types

State which proposal type this proposal belongs to.
SEP: Constitutional Proposals
SEP: Governance Proposals
Other SEPs

Proposal details

Purpose and Background

As the treasury manager for the Safe DAO <> Gnosis DAO joint treasury (JT), karpatkey is responsible for allocating funds to initiatives to expand the Safe and Gnosis ecosystems. Within that scope, we propose launching a rewards program on Gnosis Chain, mirroring the activity included in the current Safe{Pass} program on Ethereum Mainnet. The goal is to boost Safe user onchain interactions on the Gnosis Chain and grow the number of SAFE token holders on the Gnosis Chain.

This campaign will also serve as valuable experience in assessing the impact of incentives on the overall Safe activity in Gnosis Chain. Insights gained will help refine future initiatives, allowing for continuous improvement and increased efficiency based on real data.

Out of the more than 280,000 Safe accounts created in Gnosis Chain since the beginning of 2024 to the end of Q3:

  • Around 10,000 Safes have had at least one week with more than 1 USD in TVL
  • Around 18,000 Safes have made at least one transaction
  • Around 6,000 Safes have transferred at least 1 USD in value

Implementation

Own implementation possible
Own implementation but with funding (how much % to implementation)
Request for technical support through Safe matter experts:

  • Who is needed?
  • Did you reach out?
  • Is there a roadmap?

Safe{Boost} is a 6-month rewards program to expand Safe activity and users on Gnosis Chain. Users who perform the activities listed under the behaviour section in Gnosis Chain (subject to eligibility terms) will earn points. Points will be updated weekly and made public in a Dune Analytics dashboard.

The program will be administered by karpatkey, the manager of the JT, who will be responsible for tracking, determining, distributing the rewards, and reporting the results.

Eligible Activities

Safe users who conduct the following actions in Gnosis Chain will be rewarded with points:

  • Transaction count: The number of transactions made with your Safe Account.
  • Transaction volume: Volume of the transactions made with your Safe Account (accounts with at least 1 USD in volume are eligible for points).
  • Assets stored: The total value of assets stored in your Safe Account (accounts with at least 1 USD in TVL are eligible for points).
  • Regular user: Make at least one weekly transaction with your Safe Account.

Specific actions related to program partners will also earn additional points. Each activity related to a program partner will be specific, have separate rewards, and might also qualify for points. karpatkey will reach out to protocols on the Gnosis Chain that are relevant to the ecosystem and also present a synergistic opportunity to onboard them to the program.

Duration

The program will last for six months. Pending DAO approval, it is expected to start on January 10th, 2025, and finish on July 9th, 2025.

Rewards

Once the program ends, a total of 250k SAFE tokens will be distributed based on the points accrued throughout the duration. These SAFE rewards will be distributed by a stream funded from the JT on Gnosis Chain (or a specifically designated Safe with the JT wallet on Gnosis Chain as an owner) to all eligible Safes, with a stream duration of 3 months.

As the Joint Treasury will fund the program, no additional funding is required for this initiative.

Terms of Participation

Terms of Participation are drafted in this document.

2 Likes
2

No matter from which angle (DAU, WAU, MAU, accounts number, online activity…),

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safe{Boost} should not happen on Gnosis Chain. Why Gnosis Chain?

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This initiative is being proposed as part of the treasury management of the Safe DAO <> Gnosis DAO Joint Treasury. The scope of the JT is to grow both the Safe and Gnosis ecosystems.
While using funds from the JT, the Safe Boost initiative will remain focused on Gnosis Chain.

Should the Safe community be interested in launching Safe Boost on other chains, we are open to discussing it. In that case, we would likely need to find a different source of funding.

2 Likes
4

Hello folks, I think supporting the Safe Boost proposal is an opportunity to actively contribute to the growth and engagement of the Safe ecosystem on the Gnosis Chain. By incentivizing user participation through rewrds, this program is designed to increase on-chain activity, and expand Safe’s user base. I’m in support!

1 Like
5

Thanks, understand.
I am glad to see more SAFE incentive activities

1 Like
6

We support this proposal, the program should attract valuable users and foster healthy growth.

2 Likes
7

I am a Safe Guardian with sufficient voting power , and I believe this proposal is ready to move to a vote

2 Likes
8

As a delegates with sufficient voting power , and I believe this proposal is ready to move to a vote

2 Likes
9

As a delegates with sufficient voting power , I believe this proposal is ready to vote

1 Like
10

As a delegate with sufficient voting power , we believe this is ready for a vote!

1 Like
11

I support launching the Safe Boost program to encourage activity on the Gnosis Chain. It’s a great idea for inspiring more onchain activity to grow the Safe ecosystem and also gives karpatkey and the Safe community valuable insights to iterate on future programs. This is a win-win for both the Safe and Gnosis communities.

As a delegate with sufficient voting power, I consider this proposal ready for the voting phase.

1 Like
12

Keen to see this program up an running, and to see the join treasury being utilized. As delegate with sufficient voting power, I believe this proposal is ready for a vote.

1 Like
13

We are supportive of this proposal. While enhancing interactions with current Safe users on Gnosis Chain is beneficial, we believe it’s even more impactful to focus on attracting new users to Safe. Given that the Joint Treasury is funding this initiative, it’s a good opportunity to foster Safe activity on the Gnosis Chain, providing a valuable test case for evaluating user responses to incentives. This data can guide the effectiveness of future initiatives.

Looking ahead, we suggest implementing tracking for eligible activities and behaviors connected to wallets and transactions, allowing us to assess whether this engagement is sustainable or merely transient.

As a delegate with sufficient voting power, we believe that this is ready to move to a vote!

2 Likes
14

The results are in for the [SEP 46] Safe Boost on Gnosis Chain off-chain proposal.

See how the community voted and more Safe stats:
⬩ [SEP 46] Safe Boost on Gnosis Chain | Dhive

3 Likes
15

A condition can be added to obtain the reward, like holding more than 100+ $SAFE

1 Like