Safe{Wallet} Introduces Native Swaps: A Game-Changer in DeFi Integration

  blockster.com 51 m

Zug, Switzerland — Safe{Wallet} has introduced native swaps, promising seamless transactions, heightened security, and significant cost savings for users. Leveraging CoW Protocol, this integration revolutionizes the token swapping experience within Safe{Wallet}, catering to the growing demand for efficient asset swaps in the Safe community.

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Over the past three years, Safe{Wallet} has facilitated an impressive $23 billion in swap volume, underscoring the growing demand for efficient asset swaps within the Safe community. The introduction of native swaps directly addresses this demand, offering users a streamlined UX and enhanced security features integrated seamlessly into the Safe{Wallet} app.

Powered by the CoW Protocol, the native token swap feature leverages an advanced aggregation and intent-based architecture to tap into a vast liquidity pool across decentralized exchanges. This integration enables Safe{Wallet} users to access a wide selection of tokens at low prices, ensuring optimal trade execution directly from their wallet interface.

Previously, Safe{Wallet} users had to navigate external websites to execute token swaps. With the integrated swaps feature, users can now fetch quotes from multiple decentralized liquidity sources within the Safe{Wallet} app, ensuring a seamless and efficient trading experience.

The intent-based swap mechanism employed by Safe{Wallet} supports batched execution, minimizing errors and expirations commonly associated with multi-signature transactions. This not only enhances accuracy but also provides users with peace of mind and MEV protection, ensuring a secure and hassle-free token swap experience.

Leading Innovation in the Smart Account Ecosystem

As the smart account ecosystem continues to gain traction, Safe{Wallet} remains at the forefront of innovation, driving sustained ecosystem growth. Recently, the SAFE token was made transferable by Safe{DAO} following a community vote, further cementing Safe{Wallet}’s position as a leading solution in Web3.
“Native token swaps are a game-changer for Safe{Wallet} users, prioritizing seamless experiences and MEV protection through an intent-based architecture.»

Lukas Schor, Co-Founder of Safe
Anna George, Co-founder of CoW Protocol, added, “Safe is the most secure way to own assets. 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 explore the features of Safe{Wallet}, visit https://safe.global/wallet.

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About Safe

Safe (previously Gnosis Safe) is an on-chain asset custody protocol securing ~$100 billion in assets today. It establishes a universal ‘smart account’ standard for secure custody of digital assets, data, and identity. With Safe{Wallet} as its flagship web and mobile wallet and Safe{Core} account abstraction infrastructure, Safe aims to unlock digital ownership for everyone in Web3.

About the Safe Ecosystem Foundation

The Safe Ecosystem Foundation is a non-profit organization dedicated to supporting the development of Safe technology and promoting the Safe Ecosystem and Safe Trademarks. It owns the Safe Trademarks and organizes 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. It is operated by Core Contributors GmbH, Berlin, Germany, and is a registered trademark owned by the Safe Ecosystem Foundation.

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