This morning, SafeDAO, a decentralized collective stewarding the Safe ecosystem, voted to enable the transferability of the SAFE token. The vote saw record-breaking participation and strong community support, with 99.1% of participants voting to ratify the proposal.
Token transferability signifies a new era for SafeDAO, opening additional participation, liquidity, and ecosystem growth possibilities. Recently reaching $100 Billion USD in assets secured, token transferability will allow Safe to continue its leadership in the smart account space.
The next steps for SAFE transferability are as follows:
▲ 15th-18th April: Timeout for question resolution period
▲ 18th-23rd April: Cooldown period (if unchallenged during question resolution period)
▲ 23rd April: Enablement of token transferability
On market sentiment regarding the news, a spread of bets on SAFE token's market cap predictions post-launch is observable on Polymarket, with the most optimism pointing towards a >$5b valuation.
