Safe, the leading smart account infrastructure, has announced the introduction of native swaps. This new native token swap feature integrates the CoW Protocol and is built directly into the world’s most used multisig wallet, Safe{Wallet}. In partnership with CoW Protocol, this integration leverages CoW Protocol’s advanced aggregation and intent-based architecture to access a vast liquidity pool across decentralized exchanges, offering Safe{Wallet} users low prices and a wide selection of tokens for seamless trades on CoW Protocol.
Safe{Wallet}’s impressive swap volume – an average of $450 million per month since June 2023 and nearly $1 billion in March alone – highlights the immense demand for seamless asset swaps within the Safe community. Over the last three years, a total of $23 billion in swap volume has been facilitated through Safe Smart Accounts.
Previously, Safe{Wallet} users seeking to swap tokens were required to navigate to external websites. The integrated swaps feature significantly improves the user experience, fetching quotes across multiple decentralized liquidity sources to ensure users get what they want at a low price by interacting directly with CoW Protocol through Safe{Wallet}.
The feature leverages an intent-based swap mechanism that supports batched execution and minimizes the likelihood of errors or expirations common with multi-signature transactions. This ensures that Safe signers enjoy greater accuracy, peace of mind, and a streamlined token swap experience with MEV protection.
The current market cycle presents a potential tipping point for smart accounts to surge past traditional Externally Owned Accounts (EOAs) as the preferred solution in Web3. Safe is at the forefront of this transition, demonstrating sustained ecosystem growth. Based on a community vote, the SAFE 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 an intent-based architecture,” said Co-Founder of Safe, Lukas Schor.
“Safe is the most secure way to own assets,” added Anna George, Co-founder of CoW Protocol. “We share the Safe team’s vision for seamless and reliable transactions. Our collaboration streamlines the swapping process for Safe{Wallet}’s extensive user base while contributing to the continued growth of the CoW Protocol ecosystem.”
To learn more about the features of Safe{Wallet}, visit https://safe.global/wallet.
About Safe
Safe (previously Gnosis Safe) is an onchain asset custody protocol, securing ~$100 Billion in assets today. It is establishing a universal ‘smart account’ standard for secure custody of digital assets, data, and identity. With Safe{Wallet}, it’s flagship web and mobile wallet, and Safe{Core} account abstraction infrastructure, Safe is on a mission to unlock digital ownership for everyone in web3, including DAOs, enterprises, retail, and institutional users.
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About the Safe Ecosystem Foundation
The Safe Ecosystem Foundation is a non-profit organization with the mission to support the development of Safe, the strengthening of Safe technology, and the promotion of the Safe Ecosystem as well as the Safe Trademarks. The Safe Ecosystem Foundation owns the Safe Trademarks and organizes, among other things, SafeCon, the project’s native account abstraction-focused conference.
About Safe{Wallet}
Safe{Wallet} stands as the leading wallet for Safe smart accounts and technology, provided as free open-source software under the GNU General Public License, Version 3. For a comprehensive list of attribution notices for third-party software that may be contained in portions of the Safe{Wallet}, please visit https://app.safe.global/