Exploring Safe by Palmera: Analysis of the Treasuries of Prominent Layers
Welcome to the 10th installment of our bi-weekly series, “Exploring Safe by Palmera.” Over the past sections, we have provided in-depth analyses ranging from key trends and user activity across different chains to detailed insights on token holdings and transactions, DEX trades across different chains and protocols, the impact of Superfluid in DeFi, the use of Safe Multisig by Ethereum DAOs, the growth of Base in the Safe ecosystem, quarterly performance analysis, and transaction volumes.
In this edition, we focus on the treasuries of some of the most prominent Layers, including Optimism, Gnosis, Polygon, and Arbitrum. We will specifically review the Safe Smart Accounts unique to each of these chains, managed directly by the networks.
Summary of Total Numbers
- Total Proposals: 707
- Total Votes: 7,313,378
- Total Voters: 476,671
- Successful Transactions in Safe Multisig Wallets: 2,907
- Total Value Managed in Safe Multisig Wallets: Over $5 billion ($5,121,895,626)
Optimism DAO
Optimism DAO showcases a robust governance mechanism with a total of 167 proposals, with a success rate of 50.9%. The community participation is significant, with 1,746,109 total votes and 148,474 unique voters, averaging 10,455 voters per proposal. The Safe Smart Accounts associated with Optimism DAO manage substantial assets:
- 0x2501c477D0A35545a387Aa4A3EEe4292A9a8B3F0: Manages $1,613,853,434, primarily in OP tokens, representing 18.11% of the total supply.
- 0x2A82Ae142b2e62Cb7D10b55E323ACB1Cab663a26: Manages $2,684,365,646 in assets, representing 30.13% of the total OP supply.
- Transaction Success: These addresses have executed 140 successful transactions, underscoring the effectiveness and security of Safe Smart Accounts in managing large sums.
Gnosis DAO
Gnosis DAO presents a solid governance structure with 198 proposals and a success rate of 51.0%. The DAO has 44,492 total votes and 5,794 unique voters, averaging 224 voters per proposal. The Safe Smart Accounts associated with Gnosis DAO are actively managing and diversifying funds:
- Active Treasury Management: Manages $142,684,423 in GNO tokens (3.7347% of the total supply) and holds significant DeFi positions totaling $377,824,283, including $220,977,893 in Safe and $81,575,610 in Lido.
- GnosisDAO Safe: Manages $13,040,634 in DeFi positions, with $13,034,021 in CoW Swap.
- Transaction Success: These addresses have executed 2,322 successful transactions, demonstrating active and diversified fund management.
Polygon
- Polygon’s Safe Smart Account labeled “Polygon (Matic): Ecosystem Growth” manages $169,518,222, mostly in MATIC tokens, representing 2.6993% of the total supply. Unlike other DAOs, it does not hold any DeFi positions.
Arbitrum DAO
Arbitrum DAO shows significant community participation with 342 proposals and a success rate of 52.9%. The DAO has 5,527,787 total votes and 322,403 unique voters, averaging 16,163 voters per proposal. The Safe Smart Accounts within the Arbitrum ecosystem are crucial in managing funds:
- Arbitrum’s Multisig: Manages $26,474,314, mostly in ETH.
- Arbitrum Foundation’s Vesting Budget Wallet: Manages $43,588,417 in ARB (0.4632% of the total supply).
- Arbitrum Foundation: DAO Treasury: Manages $50,552,866 in ARB (0.5363% of the total supply).
- Transaction Success: These addresses have executed a total of 215 successful transactions, consolidating the importance of Safe Smart Accounts in treasury management within the Arbitrum ecosystem.
The graph attached to this analysis illustrates the number of transactions per month in the Safe Smart Accounts of each chain, highlighting activity patterns and key moments of high participation. Optimism and Gnosis show consistently high activity, while Polygon and Arbitrum present more sporadic peaks.
Key Takeaways
- Ethereum’s Dominance: Ethereum remains the predominant blockchain for transaction volumes, underscoring its central role in Safe Multisig operations.
- Community Engagement: High participation rates in governance proposals and voting indicate active community involvement across all DAOs.
- Safe Smart Accounts: These accounts are crucial for managing large sums securely and effectively, as evidenced by their high transaction success rates and substantial asset management.
Palmera offers a unified platform for managing multiple Safes across these diverse chains. By signing up for the Palmera App and creating your first Dashboard, you gain visibility and control over all of your Safes in one place. Follow us and join our channel on Warpcast to stay updated with the latest insights and developments.
Stay tuned for our next “Exploring Safe by Palmera” article as we continue to uncover and analyze key aspects of the blockchain ecosystem.
About Palmera
Palmera offers a unified platform for managing multiple Safes across these diverse chains. By signing up for the Palmera App and creating your first Dashboard, you gain visibility and control over all of your Safes in one place. We invite you to follow us, and join our channel on Warpcast to stay updated with the latest insights and developments.
Analysis and insights provided by Palmera’s Data Scientist, Marco Tulio.
Disclaimer: This article is intended for informational purposes only. Readers should conduct their own research and due diligence. The information presented does not constitute financial, legal, or investment advice, nor does it reflect the current or future market performance of any specific blockchain network or digital asset.
