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Home»ADOPTION NEWS»SafeDAO plans to expand its revenue streams through ecosystem integration
ADOPTION NEWS

SafeDAO plans to expand its revenue streams through ecosystem integration

By Crypto FlexsAugust 30, 20242 Mins Read
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SafeDAO plans to expand its revenue streams through ecosystem integration
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DeFi • August 30, 2024 7:45 AM EDT

Posted 1 minute earlier ~ in

Contributors to SafeDAO (SafeDAO’s governing body) safe safe

+1.51%
The project proposed implementing a licensing fee model for protocols integrated into Safe Wallet.

This proposal from the Safe Ecosystem Foundation represents the first step towards SafeDAO creating a dedicated revenue stream.

The proposal initially focuses on the swap functionality within the Safe Wallet, with an anticipated annual revenue of $2.5 million in licensing fees for the basic swap functionality provided by CoW Protocol, a close collaborator with Safe.

“Monetization is currently one of Safe’s main focus areas. We are developing a variety of value-added services related to enhanced security and convenience, many of which require collaboration with ecosystem partners within the Safe community,” a SafeDAO spokesperson told The Block.

SafeDAO manages a smart account infrastructure that secures approximately $60 billion in assets and provides tools to manage cryptocurrency assets on Ethereum-based apps.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, influential and timely information on the cryptocurrency industry. Current financial disclosures are as follows:

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

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