# Report: Savings Accounts and Safe Vaults (SEP42) **URL:** \ **Category:** Safe Ecosystem\ **Created:** [January 29, 2025, 10:46am UTC](https://forum.safefoundation.org/t/report-savings-accounts-and-safe-vaults-sep42/6248 "2025-01-29T10:46:02Z")\ **Posts on this page:** 13\ **Page:** 1
**Author:** ![LuukDAO](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.safefoundation.org/luukdao/32/159_2.png) [@LuukDAO](https://forum.safefoundation.org/u/LuukDAO)\ **Post date:** [January 29, 2025, 10:46am UTC](https://forum.safefoundation.org/t/report-savings-accounts-and-safe-vaults-sep42/6248/1 "2025-01-29T10:46:02Z")
After several months working on this SEP together with @Hopper - we’re excited to release the **Savings Accounts and Safe Vaults Report.** **This report explores the huge potential revenue (1-30M USD annually) Safe could generate by enabling the best earning strategies for the 16B+ USD in ETH and Stablecoins in Safes.** Below is a summary of the research. The [Full Report can be read here](https://drive.google.com/file/d/1XNmvDljr2XczWOkNaxeDI8Nj3qc_gEVM/view?usp=sharing). ![Save screen](https://europe1.discourse-cdn.com/flex013/uploads/gnosis_safe/original/2X/4/42abc6b86460574c4201ea6c0fd2040735b5d92c.png) **Key Takeaways from the Report on Savings Accounts & Safe Vaults** 1. **High Revenue Potential for SafeDAO** - **Savings Accounts and Safe Vaults** could generate **$12.3M per year (Base Case)**, far exceeding current revenue from **Native Swap ($1.5M/year) and Native Staking ($106K/year)**. - In a **Bull Case scenario** , revenue could reach **$30M annually** , making these features a significant driver for SafeDAO’s long-term sustainability. 1. **Large Untapped Market Within Safe Ecosystem** - **$6.29B in ETH** and **$10.2B in stablecoins** are currently held in **non-productive assets within Safes**. - Converting just **25% of these assets into yield-bearing instruments** could generate millions in annual revenue while increasing capital efficiency for users. 1. **Unified “Earn” App for Seamless Yield Opportunities** - A **single Safe Earn App** integrating both **Savings Accounts and Safe Vaults** is recommended. - The app would **curate the best earning opportunities** for **ETH and stablecoins** , similar to **Safe Swap** , making yield generation accessible to all users. 1. **Strategic Partnerships to Enhance Competitiveness** - SafeDAO should **partner with platforms like Enzyme & Lagoon** to develop **Safe Earn** , reducing development costs and leveraging **existing infrastructure**. ![Table](https://europe1.discourse-cdn.com/flex013/uploads/gnosis_safe/original/2X/9/9e4eede2f3d7ff62698395a4695c3bcbaf52f4c0.png) - Revenue-sharing agreements with **DeFi protocols like Lido & Aave** could **lower end-user fees and improve competitiveness**. 1. **Safe {Pass} Integration to Boost Adoption** - Safe {Pass} rewards should **incentivize usage of Safe Earn** , following the success of the **Morpho campaign, which increased deposits by 70% ($30.3M in inflows)**. - If **Safe {Pass} Season 2 is delayed** , a **pilot experiment** should be funded to **kickstart adoption of Safe Earn**. 1. **Future Considerations: Vault Safety Module & Safe Agents** - A **Vault Safety Module (VSM)** could enhance security, allowing **SAFE or an LP token** to be slashed in case of hacks or depegging events. - **Safe Agents could automate Safe Vault strategies** , leveraging insights from **Safe Agentathon 2025** to optimize returns. ### **In Summary** Savings Accounts and Safe Vaults present a **massive opportunity for SafeDAO** , both in **increasing TVL efficiency** and **unlocking a high-growth revenue stream**. A **strategic, phased launch through Safe Earn** , combined with **Safe {Pass} incentives and ecosystem partnerships** , will ensure successful adoption and long-term sustainability. **Next Steps** In the coming weeks, we aim to coordinate with the SafeDAO Oversight Committee and relevant stakeholders to explore paths to realize the Safe Earn opportunity. Input and suggestions on this thread are highly appreciated! ---
**Author:** ![TheEther2077](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.safefoundation.org/theether2077/32/4143_2.png) [@TheEther2077](https://forum.safefoundation.org/u/TheEther2077)\ **Post date:** [January 29, 2025, 8:32pm UTC](https://forum.safefoundation.org/t/report-savings-accounts-and-safe-vaults-sep42/6248/2 "2025-01-29T20:32:26Z")
Agreed. Accessing yield opportunities directly from Safe and Safe accruing a share of the revenue from these opportunities makes all of the sense in the world. ---
**Author:** ![BraveNewDeFi](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.safefoundation.org/bravenewdefi/32/1530_2.png) [@BraveNewDeFi](https://forum.safefoundation.org/u/BraveNewDeFi)\ **Post date:** [January 30, 2025, 4:58pm UTC](https://forum.safefoundation.org/t/report-savings-accounts-and-safe-vaults-sep42/6248/3 "2025-01-30T16:58:06Z")
Great report! Thank you for the detailed analysis. Creating a savings vault with whitelisted yield strategies that provide a safe sandbox for all Safe users to take advantage of would be a big value proposition to less sophisticated Safe users. If you limit the strategies, you also limit the potential risk to battle-tested protocols. Whether using a VSM or sourcing depeg + protocol cover, it should be possible to price risk between 20-30 bps on sDAI and stETH. Providing safe, accessible savings for every Safe user can generate significant revenue for the DAO and make it that much easier to get Safe users into DeFi instead of just holding idle assets in their Safes. Great work, @LuukDAO 👏 ---
**Author:** ![TheEther2077](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.safefoundation.org/theether2077/32/4143_2.png) [@TheEther2077](https://forum.safefoundation.org/u/TheEther2077)\ **Post date:** [January 30, 2025, 7:21pm UTC](https://forum.safefoundation.org/t/report-savings-accounts-and-safe-vaults-sep42/6248/4 "2025-01-30T19:21:41Z")
How can we accelerate this proposal? This is too good of an opportunity to wait on When passed, this is the sort of thing we should bring ALOT of attention to ---
**Author:** ![LuukDAO](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.safefoundation.org/luukdao/32/159_2.png) [@LuukDAO](https://forum.safefoundation.org/u/LuukDAO)\ **Post date:** [January 30, 2025, 8:04pm UTC](https://forum.safefoundation.org/t/report-savings-accounts-and-safe-vaults-sep42/6248/5 "2025-01-30T20:04:26Z")
Thanks for going through the entire report and sharing your sentiments @BraveNewDeFi and @TheEther2077 I see multiple options to progress this forward, and I am exploring various paths - which could, in theory, start in parallel. **Largest scope:** Start a process to build a native Safe{App} with Safe{Pass} integration and start VSM development. **Smallest scope:** Create a proposal to incorporate additional yield to end users and initial fees to SafeDAO using existing Safe {Apps}. In any case, we’ll experiment with some of these hypotheses with the [Ecosystem Vaults proposal](https://snapshot.box/#/s:safe.eth/proposal/0xde80d076b7c3388e2d936b7bd3c2bf7f983b7d8711700ccd795575c5e551b87e), which passed in December (SEP 51). ---
**Author:** ![TheEther2077](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.safefoundation.org/theether2077/32/4143_2.png) [@TheEther2077](https://forum.safefoundation.org/u/TheEther2077)\ **Post date:** [January 30, 2025, 8:30pm UTC](https://forum.safefoundation.org/t/report-savings-accounts-and-safe-vaults-sep42/6248/6 "2025-01-30T20:30:40Z")
@LuukDAO Let’s create a proposal to incorporate additional yield to end users and initial fees to SafeDAO. If you are open, I have something already in proposal format we can build off as co-authors. I have relationships with various DAOs that could source the yield and also just posted a proposal on Sky about this: [http://forum.sky.money/t/asher-associates-proposal-increasing-usds-deposits-through-adding-sky-money-vault-to-gnosis-safe-dapp-ui/25898?u=mattison](http://forum.sky.money/t/asher-associates-proposal-increasing-usds-deposits-through-adding-sky-money-vault-to-gnosis-safe-dapp-ui/25898?u=mattison). I want to add you as a co-author on Sky. More the merrier. Safe’s Core Dev team can then implement, or we can source a dev team to execute the implementations. This framework is the future of DAO business. ---
**Author:** ![Ibrahim313](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.safefoundation.org/ibrahim313/32/4799_2.png) [@Ibrahim313](https://forum.safefoundation.org/u/Ibrahim313)\ **Post date:** [January 31, 2025, 2:03pm UTC](https://forum.safefoundation.org/t/report-savings-accounts-and-safe-vaults-sep42/6248/7 "2025-01-31T14:03:32Z")
You’re running extremely low on time. I just got done talking with some influencers and they’re taking this asset off their baord until this fee engine is in place, people are putting their captial in other projects, if enough time passes you can miss out on this bull run all together and delay progess greatly. @LuukDAO ---
**Author:** ![TheEther2077](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.safefoundation.org/theether2077/32/4143_2.png) [@TheEther2077](https://forum.safefoundation.org/u/TheEther2077)\ **Post date:** [February 3, 2025, 11:46pm UTC](https://forum.safefoundation.org/t/report-savings-accounts-and-safe-vaults-sep42/6248/8 "2025-02-03T23:46:17Z")
Following up here @LuukDAO ---
**Author:** ![TheEther2077](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.safefoundation.org/theether2077/32/4143_2.png) [@TheEther2077](https://forum.safefoundation.org/u/TheEther2077)\ **Post date:** [February 13, 2025, 11:49pm UTC](https://forum.safefoundation.org/t/report-savings-accounts-and-safe-vaults-sep42/6248/10 "2025-02-13T23:49:08Z")
@LuukDAO I messaged you about helping ---
**Author:** ![Ibrahim313](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.safefoundation.org/ibrahim313/32/4799_2.png) [@Ibrahim313](https://forum.safefoundation.org/u/Ibrahim313)\ **Post date:** [February 27, 2025, 1:42pm UTC](https://forum.safefoundation.org/t/report-savings-accounts-and-safe-vaults-sep42/6248/11 "2025-02-27T13:42:41Z")
Any new developments? With this whole bybit sistuation going on I think this is all more reason to turn on the fee engine as soon as possible, offer premium services and make our current customers feel more secure which will inturn attack more new customers. People may be looking at this in a negative sense while on the contrary I see an opportunity to captilze. People see the need for this type of service now more then ever. Strike while the iron is hot!🔥 ---
**Author:** ![Investorpro91](https://avatars.discourse-cdn.com/v4/letter/i/ee59a6/32.png) [@Investorpro91](https://forum.safefoundation.org/u/Investorpro91)\ **Post date:** [March 21, 2025, 10:59am UTC](https://forum.safefoundation.org/t/report-savings-accounts-and-safe-vaults-sep42/6248/12 "2025-03-21T10:59:49Z")
@LuukDAO Great job, would like to know more on development of this project. ---
**Author:** ![radinmoradi138](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.safefoundation.org/radinmoradi138/32/3352_2.png) [@radinmoradi138](https://forum.safefoundation.org/u/radinmoradi138)\ **Post date:** [November 14, 2025, 7:19am UTC](https://forum.safefoundation.org/t/report-savings-accounts-and-safe-vaults-sep42/6248/13 "2025-11-14T07:19:03Z")
Hello, I would appreciate it if you could help me set up my wallet. No matter what I do, the send transaction option is not activated. I think the problem is with my server connection. Is there a way to solve the problem? ---
**Author:** ![cindylo0](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.safefoundation.org/cindylo0/32/2799_2.png) [@cindylo0](https://forum.safefoundation.org/u/cindylo0)\ **Post date:** [November 14, 2025, 7:20am UTC](https://forum.safefoundation.org/t/report-savings-accounts-and-safe-vaults-sep42/6248/14 "2025-11-14T07:20:26Z")
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