DeFi
Safe{Wallet} adds native swaps in new integrated DeFi game
On, the leading smart account infrastructure, announced the introduction of native swaps. This new native token swap functionality integrates the CoW protocol and is directly integrated with the world’s most widely used multisig wallet, Safe{Wallet}. In partnership with Cow ProtocolThis integration leverages the advanced aggregation and intent-based architecture of the CoW protocol to access a vast pool of liquidity on decentralized exchanges, providing Safe{Wallet} users with low prices and a wide selection of tokens for transparent transactions on the CoW protocol.
Safe{Wallet}’s impressive trading volume – an average of 450 million dollars per month since June 2023 and nearly $1 billion in March alone – highlights the immense demand for seamless asset trading within the Safe community. Over the past three years, a total of $23 billion in swap volume has been made easier thanks to Safe Smart accounts.
Previously, Safe{Wallet} users wishing to exchange tokens had to access external websites. The built-in swaps functionality significantly improves the user experience, fetching quotes from multiple decentralized liquidity sources to ensure users get what they want at low prices by directly interacting with the CoW protocol via Safe{Wallet}.
The feature leverages an intent-based trading mechanism that supports batch execution and minimizes the likelihood of errors or timeouts common with multi-signature transactions. This ensures that Safe signers benefit from greater accuracy, peace of mind and a simplified token swap experience with MEV protection.
The current market cycle presents a potential tipping point for smart accounts to overtake traditional external accounts (EOA) as the preferred solution in Web3. Safe is at the forefront of this transition, demonstrating sustained ecosystem growth. Based on a community vote, the SECURE Token was made transferable by Safe{DAO} recently.
“Native token swaps are a game-changer for Safe{Wallet} users, prioritizing seamless experiences and MEV protection through intent-based architecture,” said Safe co-founder, Lucas Schor.
“Security is the safest way to own assets,” added Anna Georges, Co-founder of CoW Protocol. “We share the Safe team’s vision for transparent and reliable transactions. Our collaboration streamlines the exchange process for Safe{Wallet}’s vast user base while contributing to the continued growth of the CoW protocol ecosystem.
To learn more about Safe{Wallet} features, visit https://safe.global/wallet.
About the safe
On (formerly Gnosis Safe) is an on-chain asset custody protocol, securing ~100 billion dollars in assets today. It establishes a universal “smart account” standard for secure custody of digital assets, data and identity. With Safe{Wallet}, its flagship web and mobile wallet, and its Safe{Core} account abstraction infrastructure, Safe’s mission is to unlock digital ownership for all Web3 users, including DAOs, enterprises, individuals and institutional users.
Website, Twitter, Discord, Blog, GitHub, Documents
About the Safe Ecosystem Foundation
The Safe Ecosystem Foundation is a non-profit organization whose mission is to support the development of Safe, the strengthening of Safe technology and the promotion of the Safe ecosystem and Safe brands. The Safe Ecosystem Foundation owns the Safe Trademarks and organizes, among other things, SafeCon, the conference focused on the abstraction of native accounts from the project.
About Safe{Wallet}
Safe{Wallet} is the leading wallet for smart accounts and Safe technology, provided as free open source software under the GNU General Public License, version 3. For a complete list of attribution notices for third-party software that can be contained in certain parts of the Safe{Wallet}, please visit https://app.safe.global/licenses. The website https://app.safe.global is operated by Core Contributors GmbH, Berlin, Germany. Safe{Wallet} is a registered trademark owned by the Safe Ecosystem Foundation. The Safe Ecosystem Foundation does not operate any implementation of Safe{Wallet}. Third parties may license the Safe brand and operate implementations of Safe{Wallet} under the foundation’s brand policy available at https://safe.global/trademark and/or other license agreements.