SafeDAO eyes turning on revenue streams from ecosystem integrations

Contributors at SafeDAO, the governing entity of the Safe SAFE -2.65% project, have suggested implementing a licensing fee model for protocols integrated into the Safe Wallet.

This proposal , put forward by the Safe Ecosystem Foundation, marks SafeDAO’s first step toward creating dedicated revenue streams. 

The proposal initially focuses on the swaps feature within the Safe Wallet. It forecasts annual revenues of $2.5 million from licensing fees for the native swaps feature, which is powered by CoW Protocol, a collaborator closely aligned with Safe. 

"Monetization is now one of Safe's key focus areas. We are working on various value-added services related to improved security and convenience. Many of the services require collaborations with ecosystem partners who are part of the Safe community," a SafeDAO spokesperson told The Block.

SafeDAO governs a smart account infrastructure that secures nearly $60 billion in assets, offering tools for managing cryptocurrency assets across Ethereum-based apps.