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Unifying Standards: Safe{Core} Protocol

Seth Bloomberg, Mihai GrigoreAug 23, 2023 ⋅ 3 min read

With over $50 billion of assets stored in smart contract accounts, Safe is one of the go-to solutions for smart contract wallets. Largely used as a multisig wallet, Safe enables:

  • Individuals — to securely self-custody their funds, and
  • Organizations — to manage their treasury operations effectively.

In an effort to expand its core offering beyond multisig wallets, the Safe team released a whitepaper detailing the plans for shifting from a single product into a dynamic protocol — Safe{Core}.

In its initial design, the Safe{Core} protocol emulates an app store by introducing a unified interface standard and enabling developers to build customized Plugins. That is, Plugins can be regarded as individual apps that are approved based on the standards set by a Registry. Additionally, a Manager aims to facilitate interactions between Accounts, Registries, and Plugins.

Source: Safe

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Seth Bloomberg
bloomberg_seth

Prior to joining Messari, Seth worked in traditional finance software and services, and has a MSc in Applied Mathematics. Seth is a Senior Research Analyst on the Enterprise Research team, and focuses on infrastructure, verifiable compute, and the AI x Crypto intersection.

Mihai Grigore
tech_metrics

Mihai is Director of Research at Messari. Mihai leads Protocol Research, covering base layers, mid-layer infrastructure, DeFi, and consumer apps. Prior to joining Messari, Mihai was a tech entrepreneur and worked in AI at UBS and Swiss Re in Zurich. His background is in computer science and math. Mihai holds a PhD in information systems from ETH Zurich, Switzerland

Authors
Seth Bloomberg
Prior to joining Messari, Seth worked in traditional finance software and services, and has a MSc in Applied Mathematics. Seth is a Senior Research Analyst on the Enterprise Research team, and focuses on infrastructure, verifiable compute, and the AI x Crypto intersection.
Mihai Grigore
Mihai is Director of Research at Messari. Mihai leads Protocol Research, covering base layers, mid-layer infrastructure, DeFi, and consumer apps. Prior to joining Messari, Mihai was a tech entrepreneur and worked in AI at UBS and Swiss Re in Zurich. His background is in computer science and math. Mihai holds a PhD in information systems from ETH Zurich, Switzerland