SafeDAO Community Updates

News and Events SafeDAO Digest
18

SafeDAO Update Week of Apr 26, 2024

1600×800 155 KB

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.

:ballot_box: SafeDAO Governance:

Keep track of all SafeDAO’s governance activities, discussions, and important dates.

Recent Snapshot Proposals

We have entered Season 2 / Sprint 3, which is running from April 15 to May 13. Here are some important dates to remember:

  • From Monday, April 15 to Monday, April 22, proposals can be submitted to Phase 0 :white_check_mark:
  • The deadline to submit proposals to Phase 1 is on Monday, April 22 at 23:59 UTC. :white_check_mark:
  • On Wednesday, April 24 at 16:00 UTC, there will be a Governance Call to review proposals. :white_check_mark:
  • Deadline to signal maturity for Phase 2 (moving to vote) is on Monday, April 29 at 23:59 UTC. :alarm_clock:
  • The voting period starts on Wednesday, May 1 at 0:01. :alarm_clock:
  • The voting period ends on Sunday, May 12 at 23:59. :alarm_clock:

Forum Discussions

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.

:handshake: Safe Events:

Learn about upcoming events and stay informed with summaries of community calls.

  • 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.
  • Summary of the Governance Call (Discussion on Treasury Management) held on Wednesday, April 24th at 4pm UTC.
    • 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.

:closed_lock_with_key: From the Ecosystem:

Catch up on news and media from the Safe Ecosystem

:hammer_and_pick:Community Support Channels

:speech_balloon: 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!

5 Likes