This is very well put together — both precise and strategic. Thank you, @lakejynch
And well put @adamhurwitz.eth you have excellent points to consider.
I certainly wish to see us deliberate on this topic further as it’s a massive value add to the Safe ecosystem and imperative for us to establish a proper utility for the token.
Having a way to prioritize the queue of integrations by utilizing a staking method deserves a fair bit of attention as many projects could be more decentralized in this way.
Integrating trusted and verified applications is no small task and typically consumes a fair number of resources. Just to keep up with the ever increasing number of blockchain applications is a considerable feat itself. Having them displayed on official gateways or front ends is an even larger challenge. This whole conversation is quite intriguing regarding that because it would help teams find a signal through the noise.
This type of conversations makes me think of things like Moonheads by txn street. I become increasingly convinced an under utilized avenue for crypto are verifiable advertisements as a source of protocol revenue and even givebacks.
Opensea has a notable feature page and a fair number of successful projects can lend a portion of that to getting displayed on the front page of a website with a ton of web traffic. As Adam pointed out with Youtube.
I suspect there is an area that we can explore that combines a staking and locking mechanism in exchange for some sort of prime advertisement space. Or a ‘sponsored’ section on the Safe UI. Maybe even something akin to bribes where projects could offer a timed incentive where a set of users are rewarded for using a featured app — using bribes to alleviate network costs but also grease the wheels of an exchange. Even something similar to BAT where projects or users are rewarded based on the number of users actively using the apps and how much ‘attention’ an integration receives via the official UI.
This could create a pretty interesting and competitive situation. A bit of this is inspired by Optimism’s way of incentivizing app usage via retroactive funding and rewards campaigns. I understand there is some different interpretations of the quests and the actual activity. But, I still think it ends up net positive because of many other factors.
Since Safe is a fundamental primitive for the entire ecosystem, I do believe there are a number of different strategies that would play well along these lines. Including creating conditions for the rewards to get claimed.
ie; users must create a safe proxy to use the app for it to be included in rewards or they must stake their balances with their safe
This would encourage people to actually use the safe as intended and not simply deploying it to take advantage of potential perks.
We must people clearly see the real perks of using a SAFE.
Thinking along the lines of this tweet by Martin. What Martin and Kevin talk about is interesting to me, because when I first discovered Safe, I didn’t realize it was for another purpose. I had to research DAOs more before I realized they used safe proxy contracts— a multisig —to increase decentralization as we all work towards fully autonomous, decentralized entities.
I assumed then that a safe contract was an ideal solution to increase security for hot wallets. A way to rotate keys to maintain one reputable address. I ended up using an EOA because making signatures often conflicted with ecosystem dApps. Since then this has become less of a problem. (When I first deployed a safe it was the OG proxy and network fees were an issue for my use case at that time. My work around ended up being swap and send but I didn’t need much more than that.)
If we focus on the narrative that SAFE is the ideal way to store assets on chain then we’ll see increased usage beyond external controls— toward better security principles and account abstraction instead.
TLDR; I resonate with the take back ownership concept and I truly believe that SAFE is critical infra and if we want to onboard the next million it’s key to foster an educational narrative while providing clear benefits to using SAFE above a standard wallet config
People juggle keys already. We we can make a better user experience if we can establish a clear reason for people to setup a SAFE by explaining the advantages of key rotation and account abstraction
A safe is the ideal solution for people we want to onboard and keep safe