[SEP 51] [OBRA] Develop and Integrate Ecosystem Vaults - LuukDAO

Please refer to the full proposal text on the SafeDAO forum. Some parts may have been removed to fit within the character limit on Snapshot.

Title:

Develop and Integrate Ecosystem Vaults

Authors:

@Luukdao

Aligned Strategy

Increase awareness of Safe Ecosystem

Funding Request

30,000 USDC, streamed over 12 weeks

Relation to Strategy Budget

12% of total strategy budget / 43% of remaining strategy budget.

Abstract

After the successful development of Ecosystem Accounts and the launch of Super Accounts, which has nearly 5,000 accounts on OP Mainnet, we want to develop Ecosystem Vaults.

This new feature creates custom vaults (savings and yield strategies) that leverage Safe’s multi-sig and account recovery modules combined with Ecosystem Account levels and onchain incentives to develop the most rewarding and straightforward rewards strategies for L2 ecosystem users built on Safe.

Metrics and KPIs

To measure progress toward the implementation of the intent and its effect, we’ll measure:

• Successful design and development of Ecosystem Vaults: Design and develop the solution in line with the timeline and expected quality.
• Number of Ecosystem Vaults Created: Measure the number of custom Ecosystem Vault strategies created.
• Total unique accounts depositing in Ecosystem Vaults: Measure the number of Eco Accounts depositing more than $100 in ecosystem vault strategies.
• Total value processed by Ecosystem Vaults: Measure the total USD value processed through Ecosystem Vaults.

Initiative Description

The development and launch of Super Accounts have proven our hypothesis that there is a high demand for engaging, ecosystem-native accounts. With over 5,000 accounts created in the first 3 weeks and 1,800+ of the accounts reaching level 2 or higher, which takes significant onchain contributions, we see high potential in scaling Safe deployment and potential future revenue by building close to the source in various L2 ecosystems. We’ve already started developing a second version of Ecosystem Accounts with CeloPG for the Celo ecosystem.

We believe the best way to promote Safe is to have the end-users benefit from its value. Ecosystem Vaults are a great way to match L2 priorities, user needs, and SafeDAO revenue generation innovation.

The Case for Ecosystem Vaults

We believe Ecosystem Vaults are the most valuable new feature we can include in Ecosystem Accounts for the following reasons:

• High priority from the L2 ecosystem in attracting and retaining (yield-bearing) stablecoins on their chains:
  Our first two development partners, Superchain (Optimism) and Celo, have multi-million USD incentives programs active/lined up for H1 2025. This creates a higher on-chain yield and more opportunities for users and platforms to generate value.

• Knowledge asymmetry leading to missed returns for most users:
  Most onchain users don’t have sufficient knowledge to identify the best risk-adjusted yield opportunities. Our solution combines strategy curation with Safe’s security and account recovery function to create the best no-brain yield solutions on L2 ecosystems.

• High potential to generate revenue for Safe: In the Safe Token Utility sprint Savings Accounts and Vaults have been identified as high-potential revenue generation mechanisms for Safe. We aim to speedrun the iteration and monetization in specific L2 ecosystems. If successful, we want to explore long-term models for Safe ecosystem projects to contribute revenue to SafeDAO in exchange for increased SAFE governance power.

Ecosystem Vault User Journey

As a power user of a specific ecosystem, I will create my Ecosystem Account and claim badges to level up and unlock perks.

One of the perks will be access to curated incentives yield vaults. The vaults can range from simple yield-bearing assets to AI Agent-driven strategies. Users can benefit from reduced fees, additional rewards in the form of Badges and bonuses, and an enhanced security set-up, resulting in a simple yet effective yield opportunity.

When users want to start using Ecosystem Vaults, they must connect at least 2 of their EOA wallets as signers and complete a transaction with the assigned wallets to confirm creation. The user will also be prompted to set up a recovery module for the Vault, although it is not mandatory. In the Vault creation flow, Safe and the Safe recovery features will be highlighted in detail.

We will integrate Ecosystem Vaults into the Super Accounts and upcoming CeloPG-powered Ecosystem Account solution to provide great risk-adjusted returns on stablecoins, ETH, and L2 native tokens. Our solution will experiment with monetizing the vaults and intends to identify paths to contribute revenue back to SafeDAO in exchange for SafeDAO Governance influence.

Current Status

The first version of Ecosystem Accounts is already live in the form of Super Accounts, operated by Superchain Eco. A second implementation on Celo, in collaboration with CeloPG, is in development and is projected to launch before the launch of CEL2 in January. Ecosystem Vaults leverages learnings from Ecosystem Account development and distribution and insights from the Safe Token Utility Sprint.

Risks of the Initiative

Below are the identified risks and how we mitigate them:

1. Risk of suboptimal execution of the intent:
   Safe has to trust that the contributors can complete the proposal successfully to avoid losing resources. This risk is low, given the contributors are Safe stakeholders (delegates) and the funding is streamed, which means if no meaningful progress is made in the first weeks, it can be paused.

2. Risk of deliverables not accomplishing results:
   Ecosystem Vaults may not lead to meaningful adoption and retention of users. To mitigate this, our team is working hard to improve Ecosystem Accounts’ overall use and value by developing a multi-chain version and building out additional gamification and retention tools with NounsDAO. We also partner with distribution partners, e.g., Superchain Eco and CeloPG, to increase our chances of acquiring a significant share of L2 ecosystem users.

Milestones and Timeline

Below is a breakdown of the milestones and associated budget for developing Ecosystem Vaults. The initiative has the potential to be co-funded, as Superchain Eco is applying for a NounsDAO grant to increase the solution’s gamification and will apply for Season 7 Retro rewards.

Milestones

| Milestone | Description | Duration | |------------------------|---------------------------------------------------------------------------------|--------------| | 1. Design and Specification | Collaborate with design partners and the Safe Ecosystem to finalize Ecosystem Vaults’ technical specifications and designs. | 3 Weeks | | 2. Development | Develop the required smart contracts, UI components, and documentation, and run various tests. | 6 Weeks | | 3. Integration | Complete integration and launch of Ecosystem Vaults in our two deployments (Superchain + Celo). | 3 Weeks |

Initiative Lead

LuukDAO, an existing Safe Delegate, experienced product developer, and founder of Kolektivo Labs, will lead the initiative. He will play the role of Product Owner and project manager to ensure the timely and successful delivery of the initiative.

Team

The team will consist of active Kolektivo Labs members with experience developing and launching solutions together.

• Web 3.0-native designer who previously built applications leveraging evolving NFTs, a raffle game, and DEX functionalities and data.
• Senior smart contract engineer with 3+ years of experience working on DeFi and cross-chain protocols.
• Front-end engineer who has shipped over 8 Web 3.0 projects in the past three years.

Additional Resources

No additional resources from the Safe Ecosystem Foundation or the Core Contributors are requested.