Wanted to showcase a recent product launch we had in concert with SAFE that we believe would be useful and save the DAO across all of its ~500 SAFEs:
https://x.com/gashawkio/status/1906727203628359871
Project:
SAFE Monitor is a safe transaction relayer using GasHawk’s intelligent submission strategies that saves SAFE users thousands of dollars (10% to 90%) in transaction cost. Allowing efficient creation and management of SAFE accounts for users, enterprises and DAOs.
Description:
-Currently, safe signers need to align on who will be executing the safe transactions. As the execution can only take place after the quorum of confirmation is reached. This requires setting up a process and investment of time and resources.
-Safe signers need to maintain sufficient funds to pay for the transaction execution.
-Executing safe transactions can be expensive, as it involves smart contract transactions and includes a lot of validations checks in the smart contract. These checks can lead to higher transaction costs.
-Safe monitor allows intelligent submission of safe transactions via GasHawk’s relayer saving user’s time and resources.
Value proposition:
-Friction less safe transactions- gas less transactions
-Cost savings for TX fees - 10% to 90% per TX
-Submit transactions via private mempools
-Easy management of multisig keys as they do need to be funded
-Users only need to pay for the service if they save cost on transactions
-Help on board new users such as DAOs, companies, VCs etc.
-Reduced development overhead for safe transaction pipelines making it much easier for individual companies using safe accounts. Since, they will not required to manage and fund private keys for funding safe transactions.
-Saves time and money for both individual and companies using safe accounts
Smart Accounts:
-We will be supporting all types of safe transactions that a user can do from the Safe-UI or via the safe APIs. Users will be able to add (or monitor) existing safe smart contract accounts via the GasHawk dashboard and automatically relay the transactions when the signature quorum is met.
-This will allow easy onboarding and usage of safe smart accounts since all the transactions can be relayed by Safe Monitor providing a gasless experience without the need of maintaining funds on the multsig keys.
-Users will be able to manage the safe transactions via GasHawk’s dashboard as well. Including advanced features such as setting the time limit for submission, funding the relayer wallet, check the savings achieved, auto handle duplicate nonces etc.
Happy to present on a metagov call soon if possible as well: