Safe{Wallet} introduces native swaps – promising seamless
transactions, security, and cost savings. Safe Wallet has
facilitated an impressive $23B in
swap volume over the last three years. With the new Swaps
experience, users will be able to get premium support and use the
streamlined UX and security features right from their Safe Wallet
app.
ZUG, Switzerland, May 15, 2024
/PRNewswire/ -- 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.
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SOURCE Safe