Safe{Wallet} Adds Native Swaps in a New Embedded DeFi Play

Safe{Wallet}'s impressive swap volume – an average of $450 million per month since June 2023 and nearly $1 billion in March alone – highlights the immense demand for seamless asset swaps within the Safe community. Over the last three years, a total of $23 billion in swap volume has been facilitated through Safe Smart Accounts.

Previously, Safe{Wallet} users seeking to swap tokens were required to navigate to external websites. The integrated swaps feature significantly improves the user experience, fetching quotes across multiple decentralized liquidity sources to ensure users get what they want at a low price by interacting directly with CoW Protocol through Safe{Wallet}.

The feature leverages an intent-based swap mechanism that supports batched execution and minimizes the likelihood of errors or expirations common with multi-signature transactions. This ensures that Safe signers enjoy greater accuracy, peace of mind, and a streamlined token swap experience with MEV protection. 

The current market cycle presents a potential tipping point for smart accounts to surge past traditional Externally Owned Accounts (EOAs) as the preferred solution in Web3. Safe is at the forefront of this transition, demonstrating sustained ecosystem growth. Based on a community vote, the SAFE token was made transferable by Safe{DAO} recently.

"Native token swaps are a game-changer for Safe{Wallet} users, prioritizing seamless experiences and MEV-protection through an intent-based architecture," said Co-Founder of Safe, Lukas Schor.

"Safe is the most secure way to own assets," added Anna George, Co-founder of CoW Protocol. "We share the Safe team's vision for seamless and reliable transactions. Our collaboration streamlines the swapping process for Safe{Wallet}'s extensive user base while contributing to the continued growth of the CoW Protocol ecosystem."

To learn more about the features of Safe{Wallet}, visit https://safe.global/wallet. 

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