I wanted to provide an update on the efforts around the Wave 2 Grants program. Right now plans for the Wave 2 grants program are on hold. We are heads down planning how we can best support our ecosystem with future initiatives. If you have any inputs, please share them here. We’d love to hear from you and welcome any/all feedback.
This proposal seeks to standardize SAFE’s metrics on Token Terminal and get SAFE’s metrics listed on DefiLlama. These additions will enhance transparency, visibility, and stakeholder confidence. Furthermore, this proposal calls for Safe to audit where else their metrics are being misrepresented.
Rationale:
Accurate metrics are critical for protocol credibility and stakeholder decision-making. Discrepancies or omissions in metrics across platforms can lead to confusion. By aligning these metrics, SAFE will:
Improve trust among users, investors, and partners.
Increase SAFE’s visibility on widely-used analytics tools.
Provide a unified data source for informed decision-making.
Identify key metrics to standardize across platforms (e.g., TVL, transaction fees, AUM, protocol revenue, and staking data).
Collaborate with Token Terminal team to ensure metrics align with SAFE’s reporting standards.
Advocate for DefiLlama to add in TVL numbers for SAFE
Currently, DefiLlama refuses because they state SAFE is like every other wallet
We are pointing out that SAFE offers DAPP like functionality and therefore should be added to their platform, just like every other DAPP; find our threadhere
Research any other data platforms where metrics are misrepresented
Data Integration:
Set up automated feeds from SAFE’s smart contracts to provide real-time, accurate data for these platforms.
Ensure consistency in how data points (e.g., TVL and revenue) are calculated and displayed across tools.
Platform Collaboration:
Designate a SAFE liaison team to work directly with analytics platforms for onboarding, verification, and troubleshooting. We have already developed the relevant contacts. All that needs to be done is linking contacts with SAFE representatives.
Community Engagement:
Share regular updates with the SAFE community, highlighting progress and showcasing the impact of standardized metrics on platform visibility.
Implementation Plan:
Phase 1: Research and Metric Definition:
Audit current metric discrepancies across platforms.
Finalize a list of key metrics for integration.
Phase 2: Platform Collaboration and Onboarding:
Connect TokenTerminal and DefiLlama teams with SAFE for integration support.
Develop API feeds and ensure accurate data pipeline setup.
Phase 3: Testing and Standardization:
Cross-check metric readouts for consistency across platforms.
Troubleshoot and resolve any discrepancies.
Phase 4: Community Rollout:
Announce the completion of standardization efforts
Benefits:
Enhanced Protocol Credibility: Accurate, standardized metrics strengthen SAFE’s reputation within the DeFi ecosystem.
Improved Stakeholder Engagement: Reliable data empowers informed decisions for token holders, investors, and governance participants.
Increased Visibility: Higher prominence on analytics platforms attracts new users and institutional partners.
Costs:
Token Terminal costs ~$25,000 for data updates. This proposed cost will can be paid for from the SAFE Treasury.
