Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance. Its content covers the week's key news, market and contract data, mining information, project dynamics, technological progress and other industry dynamics.

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A proposal vote to enable SAFE token transferability has been initiated by 12 authors on the SafeDAO Community Governance Forum and is expected to end on April 15, 2024. If approved, the transfer function will be enabled on April 23, 2024. According to previous news, SAFE token plans to call the unpause method of the token contract (using the SafeSnap module) to make the token transferable. The unlocked SAFE token will still remain in the lock-up contract. After the transferability of SAFE token is enabled, Non-transferable.

According to Foresight News, Safe Wallet Infrastructure is currently reviewing the possibility of enabling the transferability of SAFE tokens. The company has initiated a proposal for token transferability, which, if approved before April 15th, could see the functionality activated by April 23rd.

According to Blockworks, SafeDAO, the organization governing the smart wallet platform Safe, may soon vote on the possibility of making its SAFE token transferable. SAFE tokens, introduced in 2022, are a form of digital assets designed for governance within the SafeDAO ecosystem. Over the past two years, recipients of these tokens have been able to use their allocations to vote on proposals that affect the development and operational decisions of the SafeDAO platform. Initially, these tokens were non-transferable; they couldn’t be bought, sold or traded on any platform. If enacted, the decision to make SAFE tokens transferable will mark a notable shift in SafeDAO’s strategy. Allowing transfers will increase liquidity, making it possible for people to buy and sell SAFE tokens, and will widen participation in governance by attracting a larger and more diverse group of token holders. André Geest, the head of governance at Safe, told Blockworks that this newfound flexibility could allow the project’s DAO treasury to fund interesting projects within the ecosystem. It could also enable the organization to set up a rewards program and incentivize the usage of safe smart accounts. An initial vote to make SAFE tokens transferable in 2022 failed after some community members said that SafeDAO should first more clearly define its mission and operations. In response, a second proposal passed, outlining five milestones the DAO should meet before SAFE tokens would become transferable. Fifteen months later, SafeDAO has finally ticked off all five of the milestones, and a Snapshot vote is slated to go live that would make SAFE transferable. Luuk Weber, a SafeDAO delegate with experience in multiple DAOs dating back to 2019, called SafeDAO’s milestone system the “most structured approach I’ve seen in any DAO when it comes to aligning on operating logic prior to token transferability.”

The DAO first voted on enabling SAFE transfers over a year ago source: https://blockworks.co/news/safedao-vote-for-transferable-tokens

Twelve authors jointly launched a discussion on the new draft to enable the transferability of SAFE tokens on the SafeDAO Community Governance Forum, which is a necessary stage before the official open governance vote. The draft, which is in discussion stage, states that it is proposed to call the unpause method of the token contract (using the SafeSnap module), which will make the SAFE token transferable. Unlocked SAFE tokens will remain in the staking contract and are non-transferable after enabling SAFE token transferability. Due to existing safeguards, the earliest possible date for SAFE tokens to enable transferability is eight days after the end of the voting period, tentatively scheduled for April 23, 2024.

The "SAFE Token Utility" proposal has been voted by the SafeDAO community, with an approval rate of 96.41% according to Snapshot information. It is reported that the proposal outlines strategies to enhance the utility of SAFE tokens, including the introduction of: SAFE staking, a fee engine, and other use cases that connect DeFi modules with SafeDAO (such as Swap, bridging, stable coins, flash loan modules), etc.

Snapshot data shows that the SafeDAO community is voting on unlocking SAFE tokens, and the voting will end on March 18. SAFE is the DAO governance token behind the DeFi custody Safe Protocol. If passed, a new vote is expected next month to determine whether the tokens can be officially unlocked. The DAO’s tokens have been locked for nearly two years since its launch via airdrop in October 2022. In that release, SafeDAO was separated from GnosisDAO and became a separate project. Since the tokens cannot be transferred, SAFE holders (most of whom are early adopters or contributors to the protocol) cannot sell their holdings.

세이프다오 SAFE 토큰 언락이 거의 2년 만에 이뤄질 전망이라고 DL뉴스가 보도했다. SAFE는 FTX가 붕괴하기 시작한 2022년 10월 에어드랍을 통해 출시되는 바람에 시장 혼란에 따른 토큰 급락을 방지하고자 당시 SAFE 홀더들이 토큰 락업에 투표했었다.

The SnapShot page shows that the SafeDAO community will open voting for the "SAFE Token Utility" proposal at 23:56 today, and the voting will end on March 18. The proposal outlines strategies to enhance the utility of the SAFE token, with the existing token utility being governance and its proposed utility/use case being the Safe activity plan. The program encourages Safe users to actively participate and contribute to the Safe ecosystem, and these users will be eligible to receive event rewards, which may include SAFE tokens, sponsored transactions, governance season NFTs, etc. The proposal encourages community participation in the future exploration and implementation of SAFE token utility. Based on initial feedback from the community, initial conceptual ideas include: 1. Use cases that connect canonical DeFi functions/modules with SafeDAO (such as exchange, staking, bridging, stablecoin or flash loan modules); 2. SAFE staking; 3. Fee engine.

If passed, the proposal would pave the way for SAFE to soon become transferable. source: https://thedefiant.io/safedao-prepares-to-vote-on-new-token-utility-and-move-towards-safe-unlocks