Protofire Deploy Safe on Holesky Network with Lido Ecosystem Grants Organization

In an exciting collaboration on the Web3 ecosphere, Protofire and Lido Ecosystem Grants Organization (LEGO) are introducing Safe on the Holesky network.

Holesky, a cutting-edge Ethereum testnet, is set to become the second go-to Ethereum network for extensive testing; unlike its counterpart, Sepolia, Holesky centres around allowing anyone to run validator nodes and pushing the limits of the consensus network. As a part of the Goerli wind-down, the defacto testnet for the Lido protocol will thus be moving to Holesky, necessitating that the robust testing infrastructure that currently resides on Goerli is replicated in full on Holesky as well.

As a part of the transition of the Lido testnet to Holesky and to support the Simple DVT testnet getting up and running as quickly as possible, the Lido Ecosystem Grants Organization (LEGO), thanks to their grant is sponsoring the project, entrusting Protofire with the deployment and maintenance of Safe on the Holesky network. This joint effort marks a significant milestone, bringing a massive impact on the ongoing and future status of the Holesky ecosystem. While LEGO is bearing the cost for the initial deployment and first few months of infra and UI operation, anyone is free and welcome to use Safe on Holesky. The grant was approved in late October, and thanks to the quick work of Protofire, Safe is already live on Holesky for anyone to use!

Introducing Holesky Safe: A Secure Asset Management Solution

Holesky Safe is a modular smart account infrastructure that enables developers to craft various applications and wallets. It provides users with a secure and efficient solution for managing their digital assets, offering a host of features such as decentralized asset management, secure asset storage, and multi-signature support.

The deployment of Safe on Holesky will open these capabilities to a broader audience, accelerating the adoption of this revolutionary technology. Safe is already used by a number of DeFi protocols and wallets, including the Lido protocol.

Offering a host of features, Holesky Safe empowers users with:

• Decentralised Asset Management: Facilitating the sending and receiving of assets without reliance on centralised exchanges, ensuring control and security.
• Secure Asset Storage: holdings are stored in a highly secure, decentralised manner, safeguarding them from potential threats.
• Safe’s deployment on the Holesky network will open these capabilities to a broader audience, accelerating the adoption of this revolutionary technology.

Navigating the Holesky Network

Holesky is a groundbreaking Ethereum testnet developed collaboratively by Protofire and LEGO. It is designed to be more scalable and secure than previous testnets, and it is set to replace the Goerli testnet in the near future.

Holesky offers developers a number of advantages over other testnets, including improved tokenomics, faster block times, and a more stable network environment. This makes it the perfect platform for testing new staking features, infrastructures, and protocols.

Safe Protocol by the Numbers

The Safe protocol has quickly become one of the most influential liquid staking protocols in the Ethereum ecosystem. Currently, over $45 billion in total assets are stored on Safe, a testament to its popularity and reliability.

The deployment of Safe on the Holesky network marks a milestone in the collaboration for both Protofire and Lido Ecosystem Grant Organization.