Summary:
Add a yEarn app for Gnosis Safe
Abstract:
Create a Gnosis Safe App that allows multisig wallet users to do the following actions:
- Deposit funds from their Safe into yVaults
- See their current value, yield since depositing, expected return, and other useful metrics
- Withdraw when they need funds back (or pay to other accounts), with a disclaimer on the fees they would accumulate by doing so
- Other management functions, as necessary
Motivation:
Gnosis Safe is the most popular multi-sig/high security wallet on the market right now. It is used for hundreds of millions of cryptocurrency deposits, mostly for important dev teams in the space. Adding a Safe App for Gnosis Safe, especially with the upcoming WalletConnect integration, will make it easy for these teams and other large hodlers to deposit their treasuries into yVaults to tap into extra yield on their deposits.
I think the passive nature of using yVault is perfectly suited for these types of users! As one of them myself (we use Gnosis Safe to manage Vyper development funds), I know that this is something that I would use, especially given how terrible I am at trading.
Specification:
I think the Compound Safe App is pretty close to what we’d want, with the characteristic yEarn design added to it.
Poll:
- For
- Against
