September in the Safe ecosystem was teeming with activity. For those who missed out on recent Community and Governance Calls or just need a quick refresher, here’s your detailed monthly digest!
Safe Grants Program (Wave 1) Update:
Proposal Submissions: 120 grant proposals were submitted
Categories: Proposals align with planned target distributions - most in Build proposals, followed by Growth, Research and Governance.
Common Themes: UX improvements, decentralized Safes, advanced features for professional users, and recovery options.
Grants Decision Updates
Decision emails have been sent. Check your inbox!
The accepted projects need to pass KYB/KYC before being publicly announced.
A few projects were added to a waitlist
Deadlines:
Final decision on grant allocations by September 27.
Projects to launch and weekly syncs commence by October 1.
Final milestone deadline by January 14.
Share your feedback on SGP Wave 1 and recommendations for Wave 2 here!
Safe Community Update:
Accelerator Programs: Reminder about the Long Hash x Safe Accelerator programs. The deadline is September 29 (Today!!).
Discord Updates: Channels have been streamlined in response to community feedback – less clutter, more clarity.
For transactional or recovery issues, the Safe Help Center is recommended.
For other Safe team-specific support, respective channels in the Safe Discord have been highlighted.
Announcement: ERC 7512 on-chain audits, written by co-founder Richard. The proposal aims to enhance blockchain security with on-chain audit verifications.
ZK Integration: Over 40,000 safes were created on the EVM and zkSync networks
Upcoming fun: Safe DAATA and AI hackathon coming soon! Register here
Events:
Safe was at SafeCon, DappCon, Token 2049 and ETH Global NYC this month
Safe will be at DevConnect Istanbul from November 13-19
SEP #5 If you qualify for the SAFE user allocation as per SEP #5, you now have the opportunity to redeem your additional allocation. The redemption period ends October 27.
SEP #7 Governance Framework: In Phase 1;The most recent changes can be found here. Still open to feedback.
Resource Allocation (OBRA) Framework: In Phase 0 (SEP #X); feedback from the community is actively sought. Multiple governance calls were held in Discord this month to discuss this.
SAFE Token Utility: The call for input on safe token utility has concluded.
Stay Updated: Set Snapshot notifications and download the Discourse mobile app for better community engagement!
A heartfelt thank you to Safe Workstreams for their relentless dedication and to the community for your thoughtful engagement. Here’s to an exciting October ahead!
Welcome to the first SafeDAO Biweekly Roundup of October 2023! Our goal with these summaries is to present a concise snapshot of SafeDAO’s activities every two weeks. If September slipped by you, find all the happenings from SafeDAO in September in the community updates thread.
Safe Grants Program:
Announcement of selected grantees coming soon.
Delay due to the KYC process.
Over 120 high-quality applications received.
The next wave (Wave 2) is planned for early 2024.
For queries about Safe Grants, the community is directed to use the SafeDAO forum.
Hosted in partnership with Gnosis, The Graph, Covalent, Autolanas etc.
Theme revolves around data, AI, and its implications in the crypto space.
Hackathon started on Monday and lasted till the following Monday, October 16th.
Workshop videos, $20,000 in bounty prizes, and other incentives available.
More details can be found on their Twitter.
Safe Events:
Participation in Eth Lisbon from November 3-5.
DevConnect during the week of November 13.
ETH India from December 8-10, expecting a turnout similar to or exceeding last year’s 10,000 hackers.
Catch up on the recently held SafeDAO X Space where we recapped Q3 at SafeDAO and shared the Q4 outlook
Safe Wallet Update:
Web push notifications are now live.
Users will get instant alerts for pending transactions, both inbound and outbound.
Feedback is encouraged to improve the wallet experience.
SafeDAO Governance:
The redemption period for SEP #5 is still active till October 27.
About 41% of tokens have been redeemed.
SEP #7 (Governance Framework voting started on Saturday, October 14.
The Resource Allocation framework (OBRA) is still in Stage 0 and community feedback is being incorporated. Keep an eye out for the next governance call where we’ll discuss strategies to fund.
Hopr aims to provide a data exchange layer for safer interfacing with decentralized infrastructure. It combines economic incentives with the relay of data packets.
Sebastian from Hopr introduced “Safe Staking” which separates node infrastructure from the safe that keeps funds.
Demo provided on how Hopr integrates with Safe, including the deployment of node management modules.
Emphasized the importance of making token staking safer for users.
Reminder: Be sure to vote on SEP #7, now live on Snapshot after multiple rounds of feedback and edits. The ratification of the SafeDAO Governance Framework is one of the key milestones before voting on the transferability of the Safe token as outlined in SEP #3. Make sure your voice is heard!
October at SafeDAO was full of interesting events and updates. For those who missed out on recent Community and Governance Calls or just need a quick refresher, here’s your monthly digest for October!
1. Safe Grants Program (Wave 1) Update:
SGP Wave 1 Grantees have been announced! Check out the 21 teams accepted into Wave 1 of the Safe Grants Program and what they’re working on in this blog
From building out critical public goods tooling, exciting growth-focused use cases to further decentralizing Safe, and cross-chain Smart Accounts, the grantee projects will receive a total of EUR 500,000. Congrats to all the grantees!
SGP Wave 2 will commence in Q1 2024
Share your feedback on SGP Wave 1 and recommendations for Wave 2 here!
2. Safe Community Update:
WalletConnect now has native support within Safe {Wallet}! Connect to all your favourite dApps seamlessly!
Events:
Safe will be at DevConnect Istanbul from November 13-19
Hack on Safe at EthGlobal Istanbul for a chance to win a prize in the $10k bounty pool. Learn more here
The Governance Framework [SEP #7] proposal has passed and reached almost 4x the quorum at 39M votes with 99.6% voting to accept the new governance framework. It entered into force on Monday, October 30, 2023. Welcome to Season 1!
Explore the updated SafeDAO Governance Hub with more info about the new Governance Framework and everything you need to know about Sprints and Seasons. Check out what Sprint/Season we’re in in the handy new calendar!
Catch up on the recently hosted Twitter Space discussing the new Safe Governance framework
SEP #5 The redemption period for unredeemed tokens from the user allocation ended on October 27 with an almost 60% redemption rate
Resource Allocation (OBRA) Framework: In Phase 0 (SEP #X); feedback from the community is actively sought. Multiple governance calls have been held to discuss this and feedback from the community is being incorporated into the SEP.
SAFE Token Utility: The call for input on safe token utility has concluded.
Stay Updated: Set Snapshot notifications and download the Discourse mobile app for better community engagement!
Effective November 30th, 2023, Safe’s API will shift its token pricing to a new, community-managed service, leading to the API returning zero values for USD token prices. Users requiring immediate price data are advised to utilise alternative services like Coingecko. The pricing logic is shifting to a new community-maintained service currently in development. Check it out here.
Multisight is surveying how to responsibly incentivise multisig signer rewards. Take the survey here. Your response is greatly appreciated.
You can now set up a Safe Smart Account with your Google account! Learn about it here
Set a reminder for the upcoming X Space with Safe and Messari where key metrics and data points from the State of Safe Q3 2023 report will be discussed.
Catch up on the discussion of the OBRA framework with this recording
Missed DappCon Berlin 2023? Catch up on the talks and workshops from the Safe team here.
Reminder: Be sure to vote on SEP #8, now live on Snapshot after multiple rounds of feedback and edits. The ratification of the SafeDAO Resource Allocation is one of the key milestones before voting on the transferability of the SAFE token as outlined in SEP #3. Make sure your voice is heard! The voting period ends Monday, 27th November 2023 between 11 pm and 11:59 pm UTC.
November was a buzzing month at SafeDAO, packed with exciting updates and events. If you missed our recent Community and Governance Calls or just need a quick recap, here’s your digest for November!
1. Safe Grants Program (Wave 1) Update:
Check out the project highlights and milestone updates from SGP Wave 1 Grantees on the Safe and Safe Governance Twitter
We invite you to share your feedback on SGP Wave 1 and recommendations for Wave 2 here!
2. Safe Community Update
You can now set up a Safe Smart Account with your Google account! Learn about it here
As of November 27th, Season 1 Sprint 1 concluded, and Sprint 2 commenced. Track our current Sprint/Season using our governance calendar!
SEP #8 Outcomes-based resource allocation framework (OBRA), passed impressively with over 46M votes, reaching 4x the quorum. A whopping 99.98% of votes were in favour of this new resource allocation framework
Following the ratification of SEP 8, we resumed governance calls on SafeDAO discord for feedback on SEP strategies and funding discussions. Key insights from these calls include:
Deliberation over a proposal for SafeDAO to receive a stablecoin allocation from the Safe Ecosystem Foundation in exchange for its ARB/OP tokens, valued at approximately 1.3 million USD. This arrangement facilitates SafeDAO’s funding of Safe Ecosystem initiatives under OBRA. The proposal draft outlines some pros and cons.
Five primary strategies have been introduced, each with specific KPIs and budget allocations. The total budget is 1.2 million USDC, distributed as follows: Fostering the Module Ecosystem (300k), Increasing Awareness of the Safe Ecosystem (250k), Research and Implementing Safe Token Utility (200k), Researching Decentralization of the Safe Tech Stack (200k), and Increasing Governance Participation (150k). Additionally, a ‘wild card’ strategy has been allocated 100k for projects outside these categories.
Next Steps
The draft is being shaped into a formal proposal by Monday, December 4th. There’s a week allocated for finalizing it, followed by a maturity assessment by delegates and guardians before voting.
The SafeDAO community is encouraged to actively participate in refining OBRA and providing feedback on the strategies and KPIs. Join us for the 3rd and final governance call on OBRA strategies on Wednesday, December 6th. Set a reminder here.
Explore the updated SafeDAO Governance Hub with more info about the new Governance Framework and everything you need to know about Sprints and Seasons.
Projects accepted into SGP Wave 1 have been steadily hitting their grant milestones! Check out SGP Wave 1 Milestone 1 announcements and highlights here and follow the official SafeDAO Twitter for regular updates on grantee milestones.
SafeDAO Governance:
[SEP #9] Stablecoin allocation: After multiple feedback rounds, the proposal delineating the terms under which SafeDAO shall receive an allocation in stablecoins from the Safe Ecosystem Foundation in return for its ARB/OP tokens is now live for voting. The ratification of this funding mechanism will enable SafeDAO to fund initiatives of the Safe Ecosystem under OBRA with stablecoins. This proposal will be live until December 25th, 2023.
SEP #10 OBRA strategies and budget: The SafeDAO community has contributed over various forum discussions and live calls to the Outcomes-Based Resource Allocation (OBRA) strategies to be funded by the DAO. Five primary strategies with corresponding budgets were outlined, and are now up for a vote. Refinements to the OBRA strategies will be ongoing and community members are encouraged to share their feedback in the discussion thread. This proposal will be live until December 25th 2023.
Safe Ecosystem Updates
Please read Safe’s update on the LedgerConnect vulnerability here
Check out some recent happenings in the Safe ecosystem in this community update from the Safe Ecosystem Foundation.
Safe Events:
SafeDAO and StableLab are hosting a Twitter Space on Tuesday December 19th on “Delegate Roles and Responsibilities”. Join the event to hear directly from delegates at some of the most notable DAOs on how delegates can contribute meaningfully to create lasting impact in DAOs, and how delegate participation can be incentivised, measured, and rewarded.
Reminder: Be sure to cast your vote on SEP #9 and SEP #10, now live on Snapshot after multiple rounds of feedback and edits. The voting period ends Monday, 25th December 2023 at 12:13 pm. Vote early before the holiday break!
Welcome to a new year of governance opportunities, challenges, and experiments at SafeDAO! Here’s a concise summary of the key governance updates from the past month to keep you well-informed and engaged in our journey. Let’s dive into what’s been happening and look ahead to an exciting year of innovation at SafeDAO!
Seeking funding? Explore opportunities through the Safe Grant Program (SGP) and the innovative Outcomes-based Resource Allocation (OBRA) initiative. Learn more about the application process and criteria here
We’re currently in Season 1, Sprint 3 of SafeDAO’s operational cycle, with Sprint 4 on the horizon. Keep track of upcoming governance events and deadlines with our Governance Calendar
Safe Ecosystem Updates:
We saw > 4M Safes deployed in 2023 alone! Catch up on the Safe Ecosystem 2023 wrapped here.
Get involved by adding Projects to the Safe Ecosystem Hub. Your contributions in integrating and discovering projects utilizing Safe services are invaluable in maintaining an up-to-date Safe Ecosystem Hub database.
Dive into the 2023 report by Web3 Citizen Guide for a comprehensive recap on the state of SafeDAO governance
Discover the latest from the Safe Governance dashboard in this detailed thread by the Curia team
If you couldn’t join the December Twitter Spaces event on “Delegate Roles and Responsibilities” co-hosted by SafeDAO and StableLab, don’t worry! The session provided insightful discussions among delegates from prominent DAOs, covering topics like fostering diverse contributions in DAOs, delegate incentivization, compensation strategies, and more. Catch up on the conversation here.
Catch up on the Twitter Space with Safe and Zeal Wallet where they discuss the latest leaps in Smart Wallet tech right from the frontiers.
Welcome to the first SafeDAO Weekly Update! As we navigate the increased activity within SafeDAO, spurred by the implementation of OBRA, our goal is to keep you updated with the latest developments. Through these weekly updates, we hope to quickly empower you with the insights needed for informed decision-making in the DAO. Let’s dive into all the significant updates since our last communication:
SafeDAO Governance:
Governance Amendments! SafeDAO members are encouraged to participate in the SEP #11 governance amendment vote for Season 1 / Sprint 4. This proposal, aimed at refining current governance processes, introduces changes and updates such as partial delegation, a revised OBRA initiative voting mechanism, adjustments to the voting timeline, and an extended soft launch period for a smooth transition into Season 2.
OBRA is officially live! Following its ratification in the latest Snapshot vote, SEP 10 has sparked an influx of proposals from both teams and individuals, all aligned with OBRA’s strategic framework. These proposals have progressed through discussions, presentations, and community input during Phases 0 & 1 and have now advanced to Phase 2, where they’re open for your votes. Here’s a brief overview of the OBRA proposals currently under consideration:
Curia’s initiative aims to enhance the SafeDAO Governance Analytics Dashboard through monthly analytics reports, offering accessible insights on voting and governance while supporting infrastructure costs and updates for improved decision-making within the SafeDAO ecosystem.
ZenGuard proposes the creation of a platform based on the Safe{Core} Protocol to enable developers to easily build, audit, and publish modular features for Safe Wallets, with a marketplace for users to find and use these secure modules, aiming to expand the capabilities and security of Safe Accounts.
StableLab proposes a plan to continue engagement and increase participation in SafeDAO governance through frequent updates and engaging community activities.
This proposal from Gnosis Guild seeks funding for the design, implementation, and support of an update to SafeDAO’s delegation strategy to introduce split delegation, transitive delegation, and delegation term limits.
Areta proposes the Contribution Efficiency System (CES) to enhance governance and decision-making efficiency among SAFE token holders with an emphasis on transparency and accountability and aims to automate processes to improve governance effectiveness, including quicker onboarding and clearer milestone management for SafeDAO programs such as OBRA.
LuukDAO proposes a platform and knowledge hub designed to boost the adoption and retention of Treasury Managers and Financial Operators within the Safe Ecosystem by offering resources and guidance for easily managing Treasury Systems with Safe. This initiative aims to grow and maintain AUM, especially in anticipation of potential fees post-S.A.F.E implementation to support the ecosystem’s funding.
LuukDAO proposes creating accounts using the Safe{Core} Protocol, called Superchain Accounts, to reward active participants. These accounts, developed with Superchain Eco 1, focus on protecting user data and identity, aiming to attract users to the Safe{Core} Protocol, starting with a 16-week campaign on the Optimism Mainnet.
Hats Protocol proposes this initiative which aims to enhance the transparency and efficiency of SafeDAO’s Guardian role by integrating the Hats Protocol, an onchain solution for managing roles and permissions. It will automate role assignment and revocation based on specific criteria and streamline the Guardian onboarding and offboarding process.
Voting Start: 7 February
Voting End: 19 February
Cast your vote today!
Safe Events:
Safe Grants Program: Wave 1 Closing Ceremony: Catch up on the recording of the event where teams shared their proposed initiatives and reflected on metrics, outcomes, and the impact on the Safe ecosystem
Safe Token Utility Governance Call Summary: The recent SafeDAO governance call centered around the exploration and enhancement of SAFE token utility within the DAO’s ecosystem. The call covered the initial ideas, proposals, and concrete steps toward expanding the utility of the SAFE token, encapsulating a broad range of opportunity sets. The discussions highlighted the foundation for future expansions of token utility, focusing on areas like the implementation of Safe utilities, funding for OBRA initiatives, and the ratification process for future token utility enhancements. Here are some key takeaways:
Expansion of Token Utility:
The foundation of the current proposal is to broaden the scope of the SAFE token’s utility and make it a cornerstone for future development within SafeDAO.
Emphasis on community input and feedback on token utility ideas. Inputs from the community are highly valuable in transitioning the SAFE token into an asset with intrinsic value and utility
Funding and OBRA Initiatives:
The necessity of adequate funding for research and implementation of token utility ideas, pointing out the resource-intensive nature of these types of initiatives.
Ratification Process:
Importance of community ratification for proposals, especially concerning the implementation of token utilities to signal future strategic directions.
Proposal Drafting and Community Engagement:
Plans to draft a high-level summary of the proposed SEP for community review and feedback
Intent to organize more community calls for further iteration and comprehensive feedback incorporation into SEP.
Focus Areas and Prioritization:
Highlighting the need to prioritize certain areas of token utility based on community feedback, product-market fit, and implementation feasibility.
Leveraging smart contracts as an enabler for addressing critical issues like cross-chain fragmentation and liquidity fragmentation.
Implementation Exploration and Proof of Concept:
Exploring implementation strategies before actual development begins, aiming to validate and rigorously test proposed systems through a proof-of-concept.
Consideration of technical feasibility, regulatory compliance, and resource availability as key factors in decision-making.
Keep track of upcoming governance events and deadlines with our Governance Calendar. You can also Subscribe to the Safe Community Events Calendar here (click the little button on the bottom right).
For transactional or recovery issues, the Safe Help Center is recommended
Stay Connected:
Join the Safe community on Discord for regular updates and engaging discussions.
We value your feedback and input - let us know if you find these updates useful and how we can fine-tune them further. Reach out via Telegram (@nneomack) or directly on this forum with your feedback!
SafeDAO has wrapped up the first wave of the Safe Grants Program (big wins all around!), ratified some key governance updates, and had a deep dive into the future of SAFE token utility. Here’s what’s happened since our last update:
Safe Grants Program
The Safe Grants Program (SGP) Wave 1 concluded with a live ceremony on February 12, 2024, showcasing the achievements of its grantees. Initiated with the approval of SEP #6 in May 2023 and the subsequent formation of the Safe Grants Council, the program received 120 applications, ultimately funding 21 innovative proposals with a total of $500,000. Over four months, these grantees, under the guidance of the Grants Council, achieved significant milestones in areas such as cross-chain abstraction, one-tap Safe creation, account abstraction SDKs, and more. Dive into the full roundup.
SafeDAO Governance:
The SafeDAO community has participated in the first OBRA proposal vote cycle, successfully passing all 8 proposals. This paves the way for transformative updates in SafeDAO’s governance structure, including enhancements in delegation processes, more dynamic governance discussions, and the introduction of a comprehensive governance dashboard for better tracking and reporting. Additionally, a new governance framework amendment has been ratified, marking a significant evolution in SafeDAO’s governance approach.
New Season, new Sprint! Season 2 Sprint 1 officially kicked off on Monday, February 19th, 2024, and will continue until March 18th.
Keep track of governance dates, events and deadlines with the Governance Calendar. Subscribe to the Safe Community Events Calendar here.
Safe Events:
SafeDAO Token Utility Live Discussion Summary (02/15/24)
In response to SafeDAO’s decision in November 2022 to reject the unpausing of SAFE’s token contract which enables transferability and tradeability, a comprehensive roadmap including milestones for revisiting this decision was established in SEP #3. The Token Utility proposal currently in Phase 0 signifies the achievement of Milestone E which focuses on expanding SAFE’s utility. The latest updates on these milestones can be followed on this page.
The recent community discussion centered around the future token utility, exploring innovative applications and strategies to bolster the SAFE token’s role within the ecosystem The discussion spanned foundational aspects of Safe protocol utility, strategic areas for token application, and innovative approaches to enhance user engagement and ecosystem growth.
Here are some key points raised in the discussion:
Resource Allocation Framework:
Emphasis on leveraging the OBRA framework to establish processes for resource distribution and token utility implementation.
Token Utility Scope:
The proposal highlights some strategic areas for token application without specifying a singular utility.
Some focus areas include network abstraction to simplify blockchain fragmentation, username abstraction for user convenience, and payment abstraction to bridge traditional and Web3 payments. A spectrum of possibilities exist.
Token Staking Mechanisms:
Staking emerged as a critical mechanism across various utility aspects, including economic security for bridges and service provision.
Ideas were introduced by community members around staking for bridging security and other functionalities, emphasizing the need for creative and broad exploration of tokenomics.
Tokenomics:
The community sentiment in the discussion leaned towards adopting a more aggressive stance on tokenomics to capitalize on current favourable market conditions.
Suggestions for implementing staking models and LP pools as means to incentivize long-term token holding and ecosystem contribution
Safe Activity Program (SAP):
Proposal for an activity program to reward active ecosystem participation, potentially funded by unclaimed airdrop tokens.
Discussions on expanding the token holder base and incentivizing contributions through token rewards and additional functionalities
SAFE’s Governance Role:
Governance remains a key utility for the SAFE token, with community involvement in funding decisions and strategic directions emphasized.
Commitment to Public Goods:
Strong advocacy for keeping the Safe Smart accounts as a public good, devoid of direct tokenomics, to foster ecosystem development and trust.
Community-Driven Development:
Encouraging a more open and iterative approach to developing token utilities in the future, including hackathons or bounty programs to spur input on the token’s evolution from the community.
Next Steps:
A follow-up call is to be scheduled to refine token utility proposals.
Community members are encouraged to continue discussions on the forum and contribute ideas for token utility expansion
Safe Ecosystem Updates:
The Safe Protocol has officially surpassed over $80 billion in value of assets locked for the first time, with over 30M transactions! Review the dashboard for more insight on these record-breaking statistics.
For transactional or recovery issues, the Safe Help Center is recommended
Stay Connected:
Join the Safe community on Discord for regular updates and engaging discussions.
We value your feedback and input - let us know if you find these updates useful and how we can fine-tune them further. Reach out via Telegram (@nneomack) or directly on this forum with your feedback!
Greetings, SafeDAO Community! Our latest governance activities are leading the Safe ecosystem further towards an exciting future of community-governed growth and development. Here are the latest updates:
SafeDAO Governance:
SEP 21 is now live! The proposal for enhancing the SAFE token’s utility is now up for a vote. This marks a pivotal step towards expanding the SAFE token’s functionality. Cast your vote now to shape the future of SAFE. Read the full discussion and proposal draft feedback.
What’s next? In the sprint following the ratification of the token utility framework a proposal could be put forward to vote on the token transferability as this ratification is a dependency for it according to SEP #3. The latest update on the milestones can be tracked on this page.
Voting Timeline
Voting Start: 6 March
Voting End: 18 March
Cast your vote today!
Keep track of governance dates, events and deadlines with the Governance Calendar. Subscribe to the Safe Community Events Calendar here.
For transactional or recovery issues, the Safe Help Center is recommended
Stay Connected:
Join the Safe community on Discord for regular updates and engaging discussions.
We value your feedback and input - let us know if you find these updates useful and how we can fine-tune them further. Reach out via Telegram (@nneomack) or directly on this forum with your feedback!
Hello, SafeDAO community! SafeDAO has finalised some key milestones and is progressing towards significant ecosystem advancements. Let’s dive into what’s been happening recently:
SafeDAO Governance:
SEP 21 has passed in the recent DAO vote with 45M votes by over 1300 wallets (447.93% quorum!). The SafeDAO community has ratified the proposal on SAFE token utility, the last milestone for the DAO to complete before voting on token transferability again.
The proposal to unpause the SAFE token contract, thus enabling the transferability of the SAFE token, is now in Phase 0. The Safe community is invited to review the proposal details and its technical specs and chime in with their comments.
Summary: The proposal details the activation of the SAFE token’s transferability while ensuring that unvested tokens remain non-transferable. This strategic move, slated for potential implementation on April 23, 2024, builds upon the decisions previously articulated by SafeDAO, which had initially deferred the activation of token transferability in an earlier DAO vote. This proposal emerges in the aftermath of achieving governance milestones outlined in SEP 3, signalling SafeDAO’s readiness for this crucial transition. The activation of transferability is expected to significantly broaden stakeholder participation, enhance the utility of the SAFE token, and contribute to the continued growth and decentralization of SafeDAO.
Following the ratification of the token utility SEP, LuukDAO proposes the initiation of Safe Token Utility Sprint 1. This initiative seeks two additional researchers to form a working group focused on exploring and defining the most impactful use cases for the SAFE token, particularly in the realms of DeFi modules and staking. With a proposed budget of $50,000 USDC, distributed over 10 weeks, this sprint aims to systematically create a list of potential SAFE token utilities, evaluate them based on resource requirements and potential value, and refine the top 5 use cases for future development. Read more and signal your interest in the proposal.
SafeDAO is now in Season 2 Sprint 2 as of March 18, 2024, after completing Season 1 Sprint 1. Here are the relevant dates for this Sprint:
Proposal Submission Opens: Proposals for Sprint 2 can be submitted starting from Monday, 18 March 2024, 0:01 UTC. This is crucial for authors aiming to participate in this sprint.
Phase 1 Proposal Submission Deadline: Authors have until Monday, 25 March 2024, 23:59 UTC to submit their proposals for consideration in this sprint. Only proposals submitted by this deadline will advance to Phase 2.
Proposal Review Call: Scheduled for Thursday, 28 March 2024 (time to be decided), where proposals will be discussed and reviewed.
Signalling Maturity Deadline: Guardians and delegates must signal the maturity of proposals to move to Phase 2 by Monday, 1 April 2024, 23:59 UTC.
Phase 2 Voting Commences: Voting on proposals begins on Wednesday, 3 April 2024.
Voting Closes: The voting process concludes on Monday, 15 April 2024.
Keep track of governance dates, events and deadlines with the Governance Calendar. Subscribe to the Safe Community Events Calendar here.
For transactional or recovery issues, the Safe Help Center is recommended
Stay Connected:
Join the Safe community on Discord for regular updates and engaging discussions.
We value your feedback and input - let us know if you find these updates useful and how we can fine-tune them further. Reach out via Telegram (@nneomack) or directly on this forum with your feedback!
Happy new month! April brings many pivotal updates and proposals that stand to reshape the landscape of SafeDAO. Here’s a quick overview of what’s happening:
SafeDAO Governance:
Snapshot Proposals
[SEP #22], A milestone proposal to unpause the SAFE token contract is now up for voting, with an aim to enable $SAFE token transferability by April 23rd, assuming a successful vote by April 15, 2024. This step is poised to unlock new levels of stakeholder participation and utility for the SAFE token. Dive deeper into Safe’s token transferability event, with this blog.
[SEP #23], [OBRA] Safe Token Utility Sprint 1, the proposal seeking the initiation of the initiative to form a working group focused on exploring and defining the most impactful use cases for the SAFE token is now live for a vote!
[SEP #24] karpatkey - SAFE DAO Treasury Management Core Unit, the proposal by renowned treasury management service provider, Karpatkey, is now live for voting! This proposal details the appointment of Karpatkey as the treasury manager for SafeDAO, extending its role to manage the joint treasury with GnosisDAO to enhance governance and financial efficiency. The initiative aims to leverage Karpatkey’s expertise in DAO treasury management to strategically allocate resources, manage risks, and support the SafeDAO ecosystem’s growth now that the unpausing of the SAFE token contract is underway.
Voting Timeline:
Voting Start: April 2nd 2024
Voting End: April 14 2024
Your voice matters – Cast your vote today!
Forum Discussions
In a recent discussion started by @kdowlin, the community is exploring ways to reward Safe users and active governance participants. The proposal references the non-redeemed SAFE User Airdrop Allocation and aims to align the distribution of these tokens with the original goals of decentralization, rewarding usage, and encouraging active governance participation. The proposal poses two options: extending the original token airdrop criteria or targeting active users since the first airdrop’s closure. It is important to note that the Safe Ecosystem Foundation governs User Allocation funds, not SafeDAO. This distinction informs decision-making around these funds. Following SEP #21 SAFE Token Utility, these funds are designated for the Safe Activity Program (SAP) to reward active users. Although SafeDAO can make recommendations, like with SEP #5, the Foundation ultimately oversees the airdrop funds.
@Rocketman-21proposes a protocol to turn any Safe into a Nounish DAO. Seeking 30k USDC under Strategy 2 of OBRA, this project aims to build a module and website for easy Safe to DAO conversion to enhance SafeDAO’s collaborative governance capabilities. Grounds DAO exemplifies this new model. The project envisions launching its first Nounish DAO by Q2 2024, with goals to educate the community and convert 10 Safes into DAOs with a combined treasury of over $1M by Q3 2024.
SafeDAO members convened at the community call on March 28th to discuss the next big step for the DAO and ecosystem at large: making the SAFE token transferable. This call brought together community members, core team members, and notable partners who co-authored the proposal including LuukDAO, Tally, Areta, StableLab, and more. The call focused on the proposal in its maturity assessment phase, notable for its wide co-authorship reflecting strong community support.
The backstory of the SAFE token, from its initial non-transferable state to today, is a story of community-driven governance and careful planning. After a previously rejected proposal, SafeDAO set five clear milestones to ensure the community was ready for this move. With these milestones now met, the community is gearing up for a decision that could see the token become transferable by April 23, 2024, using the SafeSnap module for a secure transition.
Speakers shared exciting updates on SafeDAO’s roadmap, discussing innovations and initiatives such as the Safe Activity Program ratified in SEP 21, and other token utilities designed to bolster the ecosystem.
This meeting highlighted the importance of SafeDAO’s commitment to structured and progressive decentralization and active community involvement. SafeDAO stands on the brink of a decision that could significantly shape its governance landscape, all thanks to years of dedicated teamwork and community input.
Stay tuned for the upcoming Governance call in the first week of May where the community will go through the full structure and assets of SafeDAO and its relationship to the Safe Ecosystem Foundation
Keep track of governance dates, events and deadlines with the Governance Calendar. Subscribe to the Safe Community Events Calendar here.
For transactional or recovery issues, the Safe Help Center is recommended
Stay Connected:
Join the Safe community on Discord for regular updates and engaging discussions.
We value your feedback and input - let us know if you find these updates useful and how we can fine-tune them further. Reach out via Telegram (@nneomack) or directly on this forum with your feedback!
Hello Safe Community! It’s been an exciting week in the Safe ecosystem as SEP #22 has been executed. This means that the SAFE token contract is now unpaused and SAFE can be transferred between accounts. This is a significant milestone for SafeDAO and the entire Safe ecosystem. If you’re interested, you can read more about this momentous occasion here.
Introducing Safe{Pass} - your key to Safe points and rewards. Safe Pass is the activity program launched by Safe in collaboration with various ecosystem partners that rewards users for participating and contributing to the growth and security of the Safe Ecosystem. By engaging in a variety of activities and transactions, you can earn points that give you access to exciting rewards announced each Season. Join the Safe Pass program today and start earning rewards for your valuable contributions to the Safe Ecosystem! Dive into details about the program here.
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Got ideas on “Social Safes” and other types of actions that could be rewarded with Safe{Pass}? Share them in this thread.
OBRA Proposals - Season 2 Sprint 3
The Palmera Module proposal outlines the introduction of a hierarchical structure enhancement for organizations using multiple Safes, enabling more efficient and democratic on-chain operations. The module allows for customizable rights delegation, where higher-level Safes can manage subordinate Safes, streamlining governance and decision-making processes. This proposal requests $30k from SafeDAO to fund an audit competition on Hats Finance to ensure the security of the Palmera Module. This initiative aligns with SafeDAO’s OBRA Strategy 2 to foster the module ecosystem, comprising 10% of the total initiative budget. It aims to increase the adoption of “Super Safes”, enhance multi-Safe management, and draw organizations with complex treasury systems to the Safe ecosystem, ultimately boosting module adoption.
The Three-Part Research Series on Ethereum Account Abstraction - Ethereum 2077 by Ethereum 2077 seeks 30,000 USDC funding from SafeDAO to conduct a detailed analysis of Ethereum’s account abstraction, specifically focusing on EIPs 3074, 5003, 7377, and RIP 7560. The research aims to enhance the Ethereum community’s understanding of these proposals through comprehensive analyses and facilitating informed discussions among developers. The research will be divided into three parts, each focusing on different EIPs, with the final segment examining RIP 7560. The funding ask, representing 30% of the Wildcard Strategy’s overall budget, proposes distribution over 12 weeks following an initial four-week cliff with no payment.
The Safe Community Catalyst Program proposed by Boardroom is designed to streamline and enhance the onboarding process within the rapidly expanding Safe ecosystem. This initiative, seeking $25,000 USDC in funding, plans to host digital gatherings and in-person workshops to effectively engage new users, contributors, and delegates. The program is set to develop tailored onboarding tracks complemented by comprehensive resources like user guides, video tutorials, and in-depth articles. The program aims to simplify the onboarding process, maintain high retention rates, and strengthen participant understanding of Safe’s governance and ecosystem.
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SafeCon is only a few weeks away now! Sign up now to join the Safe community in Berlin as we co-create the future of ownership and push smart accounts forward. Dive into what to expect at the event.
The SafeDAO governance call held on April 24th was another community session that discussed OBRA proposals and focused extensively on treasury management, particularly in light of karpatkey’s proposal. The call began with an overview of current governance activities and a recap of the successful proposals from the previous sprint. It then transitioned into presentations from teams proposing new initiatives under the OBRA framework. Boardroom shared further context into their Community Catalyst proposal and explained how their ideas align with the goals of the DAO.
Community members engaged in a detailed Q&A with Karpatkey, probing the strategies, objectives, and implications of having Karpatkey manage the treasury. Concerns were raised about ensuring alignment with SafeDAO’s long-term goals and the necessity of maintaining a conservative approach to managing the DAO’s funds. The discussion also covered the mechanics of treasury management, potential risks, and the strategic use of treasury funds to support community initiatives and ensure long-term sustainability.
Karpatkey responded to these community inquiries by detailing their approach to treasury management, which includes prioritizing safety and alignment with DAO objectives over high-risk financial strategies. They also discussed ideas on diversification of assets for runway funds, investment funds to bootstrap ecosystem projects building on Safe, and generating fees without raising capital or selling SAFE tokens. Decentralized exchanges and market-making were cited as important for price support. Karpatkey also shared their aim to hire a team of specialists to work on various treasury initiatives.
Community members in attendance advocated defining clear objectives and KPIs aligned with the overall Safe vision first before implementation. They also shared their ideals on treasury management such as prioritizing strategic allocation of assets based on risk assessments, value extraction through optimized management not focused on yield, strategic partnerships, and governance protocols for community-involved value distribution decisions.
Community members also cautioned focusing on practical development over marketing hype for long-term success and discussed optimizing treasury management for risk, return and legal considerations based on analyzing best practices from other DAOs.
Community members asked Karpatkey about lessons from managing other treasuries like Uniswap’s. Karpatkey emphasized the importance of a strong leadership vision over multiple managers with differing strategies which can cause paralysis.
The call concluded with a commitment to refine the treasury management proposal based on community input and further discussions on operationalizing the chosen strategies effectively.
Keep track of governance dates, events and deadlines with the Governance Calendar. Subscribe to the Safe Community Events Calendar here.
From the Ecosystem:
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We value your feedback and input - let us know if you find these updates useful and how we can fine-tune them further. Reach out via Telegram (@nneomack) or directly on this forum with your feedback!
SafeDAO Community Digest – September 2023 
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