co-founder @safe | views are mine ≠ legal advice
Joined January 2021
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🚀 Ladies and gentlemen, please fasten your seat belts. We have closed the strategic funding round of $100M for the @gnosisSafe spin-off. Our destination of arrival is to unlock digital ownership for everyone. Please prepare for departure. We are ready to take off.
Huge win for @KYDLabs. Can’t wait to see your achievements 🚀
A personal update
After 3 years at @safe as VP of Growth, I’m joining @kydlabs to lead protocol and growth for @tixprotocol.
Safe was an exceptional run. I had the privilege to drive various fronts from token launch to monetization from zero to $10M+, building teams through growth and holding the line when the going got tough. To the team, our investors, partners and everyone who built alongside us, thank you for the trust and for building something that genuinely matters. You'll always find me in your corner.
So what’s next?
Here's my thesis: 2026 is the year crypto has to prove it solves real problems outside of its comfort zone. The projects that win won't be building solely for other crypto projects. They'll be building for industries that don't even know what we're talking about.
Two years ago I met @KYDNimale at Medici and he said something I couldn't stop thinking about:
"Ticketing platforms are banks."
At first it sounded like a provocation. It wasn't. Because the largest markets are hiding in plain sight. In industries that don't call themselves finance. Ticketing is one of them.
Venues and artists receive massive upfront $$$ advances from ticketing companies in exchange for multi-year exclusive contracts. In return, ticketing companies add 30%+ in service fees on every ticket sold. This is effectively interest paid by fans on capital advanced to venues.
Today, this private credit market is opaque and controlled by a handful of incumbents like Ticketmaster. KYD is making it accessible and investable with TIX.
More on this soon. If you've been thinking about where crypto meets the real economy, I want to hear from you. DMs open.
Personal update:
After much reflection, I’ve decided to step down from the @safe Foundation Council and transition into an advisory role, as part of a structured process that will ultimately lead to my phase-out.
This wasn’t an easy decision. But it became clear that a leaner setup is needed to move faster, align better, and support the next chapter for Safe more effectively.
I'm proud of what we've built and while we didn’t get everything right, the commitment to the mission remains stronger than ever. I am grateful for the journey thus far and remain fully committed to supporting Safe’s future in whatever capacity is needed.
DAO governance is slowly but surely getting better with @DennisonBertram and team leading the charge. Excited to see what comes next.
Today, we're excited to announce Tally's Series A funding of $8 million to scale the software layer for onchain organizations and help protocol tokens accrue value.
What began as a DAO governance tool has evolved into the most widely adopted software stack for onchain organizations.
Tally powers infrastructure for leading organizations across Ethereum and Solana — including @arbitrum, @Uniswap DAO, @zksync, @wormhole, @eigencloud, @Obol_Collective, and many more.
With over 1 million active users and $1 billion moved using our tools, winning teams use Tally to support every phase of their onchain journey:
• Launch: distribute tokens and onboard users
• Operate: manage treasuries and govern protocols
• Grow: accrue value and create token utility
Tally launched in 2020. We are grateful to have built through the ups and downs of the last 5 years, and we haven't been on this journey alone. We want to thank our users, partners, and investors including: @AppWorks, @1kxnetwork, @bcap, @cyberfund, @placeholdervc, @BitGo, @Lemniscap, @CastleIslandVC, and @bloccelerate.
Tally is building the future of software onchain. To learn more about how we can help your organization, please reach out. We would love to chat.
Christoph Simmchen retweeted
Working with the @Mandiant team has been nothing short of exceptional.
Preliminary report is coming. Post-mortem will follow.
A more detailed overview that many networks and users have been waiting for is now available. It provides information about which network is available via which interface.
We will share further updates to inform networks and users with the most detailed information possible.
To always have up-to-date info on which networks are supported by which Safe ecosystem interfaces, we’ve added a live database. Link as reply 👇
A big thank you to @OnChainDen @palmera_dao @BrahmaFi @devanoneth @DeFiSaver @protofire for continuously expanding network support!
Christoph Simmchen retweeted
Here you go folks.
Here are some definitive alternatives for using @safe while we are working diligently to scale our security across other networks.
Every singe hour since last Friday, we are making Safe magnitudes more secure
Remember
- Stay vigilant
- Dont trust, verify
Christoph Simmchen retweeted
As Safe{Wallet} is rolling out to more networks, you can still access and manage your Safe account on several other interfaces with this comprehensive guide.
As always, verify each transaction that you sign.
Christoph Simmchen retweeted
EU crypto lawyers and founders, are you ready to dive into MiCA without the headache? Introducing the first browsable, structured version of MiCA.
A MiCA Gitbook.
Your regulatory nightmare just got easier. 👇
High conviction that @safe will be the default account for the next wave of AI agents. This is one of the prime use cases where a fully programmable account will prove its strength. Excited to be working with an A-team of sponsors and judges to supercharge the AI adoption through the Agentathon.
🤖 INTRODUCING: Safe Agentathon🤖
🆕 AI Agent online hackathon!
⛏️ Calling all builders to hack on the best AI x Crypto stacks.
🌐 agentathon.ai
🗓 Save the Date: Feb 3 - Feb 17
🏆 $200K+ up for grabs 🔥
🧑⚖️ Judged by top leaders + AI
🎹 Soundtrack: @0xzerebro
The tides are shifting for crypto infrastructure providers, and the past few days have brought particularly encouraging news. Let’s break down two key developments:
1. SEC’s SAB 121 repeal:
The SEC recently rescinded its restrictive Staff Accounting Bulletin No. 121, which had discouraged major institutions from offering crypto custody. With this barrier removed, we’re already seeing renewed interest from major players entering the crypto custody space. This growing demand is a promising signal for solutions like @safe .
2. US executive order on self-custody:
For years, self-custodial solutions faced skepticism from policymakers worldwide. But yesterday, the US took a bold step by issuing an executive order that not only protects but promotes self-custody. Given the global influence of US regulations, this is likely to inspire similar policies elsewhere—a major win for the future of self-custody and infrastructure providers like @safe .
Change is here, and it’s building a solid foundation for the future of crypto.
Finally 🙏. I've been waiting to see EF utilizing the tools and applications of the Ethereum ecosystem. Certainly a step in the right direction.
Ethereum Foundation Treasury Update
The Ethereum Foundation (@ethereumfndn) has set up a new @safe 3-of-5 multisig wallet.
The wallet address is 0x9fC3dc011b461664c835F2527fffb1169b3C213e
An op has been initiated to send 50,000 ETH there, but be patient; due to signing delays, this will take a few days to process (etherscan.io/tx/0x6872c97c57…)
The EF will use this new wallet to participate in the DeFi ecosystem. We've made a testing tx on @aave. Stay tuned!
Also, @safe has proven safe and has a great user experience, and we will transfer more of our funds here over time!
#helloworldcomputer
Fun Fact Friday
Over 80% of Safe’s $9.1B TVP (total volume processed) this month came from @base driven by @MorphoLabs, @MoonwellDeFi and @aeroxyz.
Let’s keep moving GDP onchain
Christoph Simmchen retweeted
You can see the full version of “How SafeNet is Planning to Control the Flow of Crypto Assets” in the link below:
4pillars.io/en/issues/how-sa…
Christoph Simmchen retweeted
❇️GM SAFENET❇️
Blockchains started with atomicity. This allowed easy composability in web3, birthing DeFi. To level up breaking this atomicity is necessary. Safenet separates the execution of any DeFi action and the settlement of it. With this we can move the world's GDP onchain.
Why do we need to break the atomicity?
While it is theoretically possible to (nearly) compute anything on Ethereum, this comes at a cost. When we look at CowSwap we have solvers that optimize on the trades and prices within a batch. These are computation heavy operations. On Ethereum we have to pay gas for these operations and are capped by the gas limit. So it would be impossible to perform these computations onchain.
With Safenet we will provide strong guarantees on the execution. Proving these guarantees can be very computation heavy. While it would be possible to leverage technologies like Zero Knowledge Proofs, these are still quite cost heavy.
By breaking the atomicity into Execution and Settlement, we can choose where we optimize our flows for what parameters.
As the Execution is what the User “feels” when they interact with Ethereum, it has to happen as fast as possible and as cheap as possible. Therefore we optimize here for simplicity and gas costs.
The Settlement process optimizes on strong guarantees and security. As we do not have to optimize for speed we can choose an optimistic approach, utilizing Validators to bring in the security and trust.
The optimistic approach additionally has the advantage that the gas cost associated to the process of proving the guarantees, will only apply if a settlement has to be challenged. This allowed us to take a step back on optimizing for gas costs and rather focus on security and scalability.
The core of the Safenet protocol will follow the highest security standards (incl formal verification). It will be designed in a way that new functionality can be plugged into it without adjustments being necessary.
With this we now create a secure basis that allows us to iterate quickly and bring cross-network guarantees of any kind to Safe users.
To get an overview of the different components of Safenet and how they interact with each other take a look at our docs: docs.safe.global/safenet/ove…
🧵 It is a big day at @safe as we are revealing Safenet. While many people such us @SchorLukas and @rimeissner are doing a great job in explaining it as a Transaction Processor Network, I will (overly) simplify and explain it as a superhighway. Hear me out. 👇
➕ Ultimately, the focus is also on making Safenet available to as many users (including AI agents) as possible. This requires integration into
interfaces (already) powered by Safe: @worldnetwork @DeFiSaver @BrahmaFi @0xCoinshift @OnChainDen
Smart account infrastructure: @pimlicoHQ @rhinestonewtf @OneBalance_io @biconomy
Wallets: @MetaMask @wallet @imTokenOfficial
For further information about Safenet:
Vision blog post: safe.global/blog/introducing…
Safenet docs: docs.safe.global/safenet/ove…
