The Safe is an enterprise-ready wallet solution for managing digital assets. Multi-signature means wallet owners are always in control of their own assets and can set granular permission on fund management.
The Safe is a smart contract wallet with multi-signature functionality at its Core. It enables the following
Safe’s multi-signature functionality allows you to define a list of owner accounts and a threshold
number of accounts required to confirm a transaction. Once the threshold of owner accounts have
confirmed a transaction, the Safe transaction can be executed. Owners can either be EOAs or other
smart contract accounts.
Advanced execution logic
It is possible to make use of different Safe Library contracts to perform complex transactions. A very
common example of this is batched transactions where multiple simple Ethereum transactions are
combined and executed at once. That means instead of having to sign several transactions
sequentially, a user just needs to sign one batched transaction.
Advanced access management
You can add Safe Modules to your Safe. Thereby it is possible to implement more fine-grained access
management. For instance, it is possible to define a module that can only be used to recover access to
a Safe under specific circumstances. A popular version of this is the Social Recovery Module. A
different example is allowance modules that allow owners of a Safe to grant limited execution
permission, such as a daily limit to external accounts.
Token callback support
Many new tokens require wallet contracts to implement callbacks. Token standards like ERC721 and
ERC1155 allow contracts to immediately react to receiving tokens through these and make it even
possible to reject the transfer completely.
Another core functionality of the Safe is token payment. Generally, Ethereum transactions require ETH
for paying transaction fees ("gas’). With the Safe, users can pay transaction fees in a number of
supported ERC20 tokens. This is realized via a transaction relay service that accepts those tokens and
submits the transactions to the blockchain, therefore paying the gas fee in ETH. With the same
functionality, Ether-less transactions can be implemented, where a 3rd party pays transaction fees on
behalf of a Gnosis Safe via the same relay service.
📅 Launch Time (UTC)
Platform, Asset Manager, Wallet
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