Thank you for creating a template to organize SAFE token usability ideas @Steven! May the submissions be public so that way people can avoid submitting duplicate concepts?
The Safe protocol whitepaper published today provides exciting opportunities for SAFE token usability.
The Manager and it’s registries provide a technical implementation to use the SAFE token for potentially more decentralized token gated registries that could secure Safe apps available to individuals and organizations.
3. Outlook > 3.1 Fees Mechanisms
Accounts, Registries and Modules should be able to charge fees, such as one-time activation fees, usage-based fees or subscription fees. These fees can be taken by the developer or shared with other stakeholders, such as wallets or Registry maintainers. This would foster a more sustainable and vibrant smart account ecosystem by providing financial incentives to participate and contribute in the Safe{Core} Protocol . - Safe{Core} Protocol
Absolutely! The idea is to post submissions in a separate thread to have an overview of all submissions. The submission can be done directly in the message, an upload of the submission or a link to the document. This way the submissions are accessible to everyone. Hope this helps!
Thanks @RSivakov for the question. Echoing @adamhurwitz.eth, it also allows for a having all the ideas in one structured place (for example there is also another thread on the Value Alignment Program). Hope this is helpful
In case there are any other questions, please do not hesitate to reach out. Thanks!
I think it makes plenty of sense to start a new thread, as the one I previously posted was about a specific proposal and could be resubmitted per @adamhurwitz.eth’s comments, however, I think it is worth pointing out that the conversation we had in that thread was fairly exhaustive and seems to indicate that we can come up with a better idea.
Dear all, to everyone that already submitted some ideas, thank you very much!
We will be hosting an informal call on Wednesday September 6th to discuss our request for token utility ideas we posted in this thread. We are aware that this request can be complex. However we do see value in sourcing ideas from the community during the exploratory phase of designing the SAFE token. The call will be a perfect opportunity to discuss some of the ideas you might already have and ask questions related to this exercise.
To allow for sufficient time after the call next week, we will extend the window to submit ideas to September 13th.
In the meantime, if you have any questions or already have ideas to submit, please do not hesitate to reach out on this forum.
Thank you again and we look forward discussing it further next week
Thanks @varunkcs . No, this is not planned. However, we will post a summary here. In case you cannot make it, but have some questions, please do not hesitate to reach out here. Thanks!
Listened in to the call related to this topic. Really love how the DAO is exploring ways to utilize SAFE. Thanks @Steven for the thoughtful conversation. Posting the questions I asked here, though I feel they were answered.
Does SAFE need to have a utility? Could it exist as just a governance token? Could it remain locked indefinitely? The answer might be no to all of these questions, but I’d love to explore why.
I know this may not be a popular opinion, but I’ve quite enjoyed seeing Safe exist as a locked governance token. I think Safe has been rolled out super thoughtfully and bring up my questions to make sure it’s next phase is done some similarly.
Thanks all for joining the call on Wednesday! For the ones that could not make it, below is a brief summary.
To the ones that already submitted ideas, a big thank you! To everyone, we look forward to see other ideas over the next few days (we’re aiming at Sep 13th). And please do not reach out in case there is anything not clear or have some other suggestions.
Summary of the call:
General intro, including some background on this request. There were some interesting questions asked and points discussed, including:
Does SAFE need to have a utility besides governance? A very important question and something to remind ourselves of. We don’t aim to have a token just for the sake of it. We want to focus on token utility that makes sense and utility that would strengthen the Protocol. Some of the questions to ask here are: how can the token help support some of the Protocol’s goals (e.g. security and discoverability)? How can it potentially help align the different stakeholders through (dis)incentives?
Should the SAFE token remain locked forever? Definitely a good question to ask! As alluded to, we plan for more utility and allow for tokens to be transferable. But this will ultimately also be voted on by the community through a governance process
A question about the constitution. Indeed a good reminder that the token utility should not go against the principles laid out in the SafeDAO Constitution
Thanks a lot for the ideas you submitted @LuukDAO!
The ideas we are gathering from the forum will be consolidated with other ideas we collected (e.g. some of the Safe team have also been brainstorming on ideas). These ideas need to be filtered, prioritized and shaped further of course. In terms of the process, we will definitely get back on the next steps.
Dear all, a belated thank you for the submissions. We really appreciate all the valuable effort that was put in the submissions. The POAPS should be sent out shortly to the ones that submitted ideas.
As part of the exploratory phase of designing the SAFE token, we were looking for ideas on how the it can be used in the ecosystem. The goal of this exercise was to gather as many ideas as possible allowing us to consider the input from the wider community. It was nice to see the variety of ideas that were submitted. We encourage you to check out the submission thread to see all ideas in greater detail. But at a very high level, the ideas could be grouped as follows:
Grants & bounties: Use the token to pay for grants or bounties
Rewards: Use the token for rewards and other incentives, such as discounts, staking or block rewards
Curation: use the token for auditing and curating the registry in a decentralized manner
Resource allocation: use the token to govern the allocation of resources
Value alignment: Use the token to align incentives between Safe and other projects, through swapping tokens or revenues
Fees: Use the token for fees
Next steps
We are consolidating ideas that we collected with some other ideas. Those are being prioritized and shaped further into some concrete proposals. Ultimately this output is used for the SEP on token utility that we are actively working on at the moment. If you have any other token utility ideas in the meantime, you are more than welcome to share them on the forum of course.
On a related note, please join us later today for our first Twitter/X Spaces, where we’ll recap Q3 achievements and preview Q4 (including the token utility milestone). We hope to see you there!
Hi @Boris, the SAFE token utility has not been updated. We are currently actively working towards an SEP on token utility. This needs to be approved first by the community before new utilities can be implemented.
Hi @RSivakov , thanks for your message. Yes it will still continue - we are currently exactly working on that. So more is coming very soon. Thanks a lot for your patience, much appreciated!
Thu, 12 Oct
18:30 CEST