This is a great starting point to think about creating value between the Safe ecosystem of builders, projects, and businesses, Safe Ecosystem Foundation, and SafeDAO. Thank you @LongHash_Ventures, @Emerson, and Shi Khai Wei.
Mutual value creation
Of course, the mechanism needs to also be fair to applications, and set up to be mutually beneficial by incentivizing mutual success.
Tokens
- If there is inherent value of SAFE tokens in the Safe ecosystem, SAFE will contribute to the majority of value alignment.
- Creating ways for SAFE to support the 2 other areas (credibility and ecosystem support), is a good start.
- E.g. Rocket Pool’s protocol seems to do a better job than most others in creating utility of RPL tokens. In order to become a validator (minipool) on the network an amount of RPL is required to be staked in addition to RPL’s governance use.
- What areas would it be worth teams to stake SAFE for credibility and ecosystem support?
- E.g. Stake SAFE to add yourself to the Ecosystem Hub and update info.
- Are there areas we can start to move towards to make the process of becoming an Safe module more automated with the use of staking SAFE? Talking to teams who want to quickly experiment have said this is a big blocker for them.
- Offering advanced features for teams and businesses in turn for SAFE or staking SAFE seems mutually beneficial.
- E.g. The Google Play and Apple App store’s create many mostly self-serve tools and services like analytics, reviews, customer support for developers that many Safe developers may stake SAFE to have recurring access too.
- For a proof-of-concept, figuring out which tool is the most useful to focus on first could be a good place to begin.
- Moving forward, instead of having centralized tools like with Google and Apple for fully integrated services (analytics, reviews, customer support, etc.), developers could choose from multiple services, not just ones Safe builds, with all accepting SAFE tokens.
Credibility
- Safe and Gnosis have built up one of the best product and technical reputations since Ethereum’s creation. Having a credential on behalf of Safe would be a data point of legitimacy for projects and businesses.
- There could be tiers of verification processes.
- E.g. Part of Safe ecosystem hub, X components reviewed/audited by Safe team
- Finding scalable ways to provide credentials is important to consider. E.g. Working towards a more automated approach to adding projects on the Ecosystem hub and updating info. The more manually involved the credential from the Safe team the more resources they have to increase allocation to run this which could be a challenge.
Ecosystem support
- There’s lots of opportunity here for projects to receive value from Safe.
- The main factor seems to be the same point above, offering scalable vs. manual support.