Ethereum address: 0x8b620474B48C455314b37580599FfdaDfe1F9A80
Safe could capture and distribute value by complementing a token-curated registry (TCR) with our proposed Value Alignment Program. A Safe Protocol TCR would be a great way to capture value from module developers purchasing Safe tokens to be listed on the registry, but comes with 2 risks if it were standalone:
- Bribery & gamification: The TCR may not curate the most useful or secure modules if it were merely surfacing the highest bidders
- Restricting / adding frictions to access: Purchasing Safe tokens to be part of the registry would require capital (restricting early-stage projects) and some due diligence (increasing friction), which may encourage module developers to:
- Bypass the Safe Protocol TCR to go direct to customers, or
- Build their module on top of other smart account protocols entirely.
If we believe we can generate a high volume of Safe token purchases from module developers, a TCR may still be used to automate module developers’ access to the registry (as Adam suggested here). However, it should possess disclaimer attestations akin to “sponsored” ads on Google. Rather than pure token curation, we believe that curation should be weighted more towards other attestations instead.
A catch-all attestation could be “VAP acceptance”, or simply “Curated Module”, which accounts for:
- The module’s security (from Safe’s audit or formal verification from other auditors)
- The module’s future revenue/token model, and how it benefits the Safe ecosystem
- The team’s background & ability to execute
- … and more
In addition to modules, other candidates for VAP acceptance may include other applications built on top of Safe, including DAO tools (e.g. Coinshift, Parcel, Utopia) and smart wallet applications (e.g. Castle, Brahma).
The existing Grants Committee could first serve as the initial selection committee for this (ensuring that at least one member audits smart account modules well) if capacity permits. If not, 1 or 2 members may be added.
Hence, we suggest the following mechanisms for the Safe {Core} Protocol: Complementing TCR with VAP for Safe - LongHash Ventures - Google Docs