Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Safe rolls out 'Safenet' to unify liquidity and user interactions across blockchains

Safe rolls out 'Safenet' to unify liquidity and user interactions across blockchains

The BlockThe Block2024/12/02 16:00
By:The Block

Quick Take Safe, previously known as Gnosis Safe, has launched Safenet, a transaction processor network enabling the management of assets across multiple blockchains.

Safe rolls out 'Safenet' to unify liquidity and user interactions across blockchains image 0

Safe, formerly known as Gnosis Safe, has unveiled Safenet, a transaction processor network designed to enable users to manage assets across multiple blockchains.

The goal is to enable instant cross-chain transactions with execution guarantees, catering to users who require quick and secure asset transfers across various networks.

Safenet is not a blockchain itself but a meta protocol that serves as a connective layer, interfacing with any blockchain through a single user account.

As such, the project wants to address key challenges in DeFi, such as liquidity fragmentation and the complexities of managing cross-chain transactions.

“SafeNet isn’t a Layer 2 or Layer 1—think of it like the VisaNet of blockchains, a transaction processor network that connects existing networks,” a project spokesperson told The Block.

Under the hood, Safenet’s liquidity network will enable anyone to contribute to the protocol by providing the required liquidity for the Safenet “processors” to service users. This liquidity network builds on existing DeFi primitives like DEXs, lending markets and other liquidity sources. These processors, akin to nodes, ensure security and speed in transactions.

“Our vision is to address liquidity fragmentation and create a seamless, secure and lightning-fast experience for every blockchain interaction. Safenet’s ultimate mission is to move the world’s GDP onchain,” said Lukas Schor, co-founder at Safe.

Safe continues to be a leader in smart account infrastructure within the Ethereum ecosystem, offering solutions like multi-signature accounts, private key recovery and simplified dapp development through its Core software stack.

The SafeDAO governs a platform that secures nearly $85 billion in assets, offering tools for managing cryptocurrencies across Ethereum-based apps. In 2022, Safe raised $100 million in a token sale round led by 1kx.


0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!