SafeDAO Community Updates

Hello SafeDAO Community!

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

3. SafeDAO Update

  • 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 :tada:
  • 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.

Community Support Channels

Safe DAO Community Digest November 2023.pdf (118.5 KB)

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