DeFi
Safe{Wallet} adds native swaps in new integrated DeFi game
Safe{Wallet} introduces native swaps – promising transparent transactions, security and cost savings. Safe Wallet has facilitated an impressive $23 billion in swap volume over the past three years. With the new Swaps experience, users will be able to benefit from premium support and use streamlined UX and security features directly from their Safe Wallet app.
The safest way to own assets: Safe
Zug, Switzerland – Safe, the smart account infrastructure, announced on May 14 the launch of native swaps. This new native token swap functionality integrates the CoW protocol and is directly integrated with the world’s most widely used multisig wallet, Safe{Wallet}. In partnership with the CoW Protocol, this integration leverages the advanced aggregation and intent-based architecture of the CoW Protocol to access a vast pool of liquidity on decentralized exchanges, providing Safe{Wallet} users with competitive prices low and a wide selection of tokens for transparent trading on the CoW protocol.
Safe{Wallet}’s impressive trading volume – an average of $450 million per month since June 2023 and nearly $1 billion in March alone – highlights the immense demand for trading fluid assets within the Safe community. Over the past three years, a total swap volume of $23 billion has been facilitated through Safe Smart accounts.
Previously, Safe{Wallet} users wishing to exchange tokens had to access external websites. The built-in swaps functionality significantly improves the user experience, fetching quotes from multiple decentralized liquidity sources to ensure users get what they want at low prices by directly interacting with the CoW protocol via Safe{Wallet}.
The feature leverages an intent-based trading mechanism that supports batch execution and minimizes the likelihood of errors or timeouts common with multi-signature transactions. This ensures that Safe signers benefit from greater accuracy, peace of mind and a simplified token swap experience with MEV protection.
The current market cycle presents a potential tipping point for smart accounts to overtake traditional external accounts (EOA) 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 recently made transferable by Safe{DAO}.
“Native token swaps are a game-changer for Safe{Wallet} users, prioritizing seamless experiences and MEV protection through intent-based architecture,” said Lukas Schor, co-founder of Safe.
“Security is the safest way to own assets,” added Anna George, co-founder of CoW Protocol. “We share the Safe team’s vision for transparent and reliable transactions. Our collaboration streamlines the exchange process for Safe{Wallet}’s vast user base while contributing to the continued growth of the CoW protocol ecosystem.
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