Discussion: Gnosis $SAFE Token Airdrop Claim and Liquidation/Delegation

Title of the Proposal: Gnosis $SAFE Token Airdrop Claim and Liquidation/Delegation

Main Category + Sub Category: Core: Finance

Kudos : Ghosts#1014, Davidd#2959

Abstract : Gnosis Safe, smart contract wallet, has initiated the SAFE DAO considering its responsibilities of building and growing critical infrastructure for many web3 projects and DAO treasuries with the pressing need to decentralize its development, growth and governance. As GhostsProject DAO uses Gnosis wallet to manage its treasury, specific amount of $SAFE is allocated for GhostsProject to claim. “Gnosis Token Airdrop Claim and Liquidation/Delegation Decision” proposes GhostsProject DAO to claim Gnosis Token ($SAFE) Airdrop and decide whether GhostsProject DAO should liquidate $SAFE or delegate it to Safe Guardians who are the active community members of Safe community.



What is Gnosis-Safe?

  • Gnosis-safe is a smart contract wallet that requires a minimum number of people to approve a transaction before it can occur (M-of-N).
  • It lets projects and companies to fully customize how they manage company crypto assets, with the option to require a predefined number of signatures to confirm transactions. It requires multiple team members to confirm every transaction in order to execute it, which helps prevent unauthorized access to company crypto.
  • Gnosis has launched SAFE DAO with $SAFE TOKEN as GIP-29 of Gnosis DAO proposed by Co-Founder Lukas Schor is passed.
  • GhostsProject Treasury fund is managed through Gnosis-safe account with requirement 2 of 3 multsig-signers approval.

What is SAFE DAO?

  • Safe’s mission: To make ownership in web3 more accessible, collaborative and secure. This mission will be achieved through driving smart contract accounts as a standard for owning assets, data and identity. On top of the battle-tested Safe protocol, a growing ecosystem of tools and products aims to be built, providing enhanced security and usability for web3 users.
  • SAFE will airdrop $SAFE token to stakeholders including 43K users, Core Contributors, GnosisDAO, 140+ ecosystem contributors (Safe Guardians), and 60+ strategic backers who are looking forward to steward the Gnosis-Safe.

GhostsProject Eligibility

  • GhostsProject are eligible to acquire 3,283.1408 SAFE with currently claimable SAFE of 1,653.7392 and future claimable SAFE 1,629.4015 that are being vested.
  • If GhostsProject likes to get $SAFE airdropped, we must claim of any amount of tokens until 27.12.22 10:00 CET or our allocation will be transferred back to the SAFE DAO Treasury.

GhostsProject’s option after the claim

  1. GhostsProject can liquidate $SAFE into USDC after the claim to acquire additional liquidity for Treasury.
    1. If option 1 is selected by DAO, $SAFE will be converted into USDC through available DEX.
  2. GhostsProject can delegate $SAFE to vision-aligned Guardians of SAFE as we might not able to be active enough to participate in SAFE governance as every vote needs to be approved by GhostsProject DAO prior.
    1. Among Guardians, GhostsProject must choose a a vision aligned Guardians to delegate our $SAFE.

    2. Guardians are made of DAOs, Teams, and Individuals.

    3. By delegating votes to a vision aligned Guardian, we can expect the Guardian to actively contribute to the ecosystem through casting votes on behalf of GhostsProject to support the constant growth and development of Gnosis Safe.

    4. My suggestion is to choose one Guardian from DAOs or Teams that provides the service GhostsProject is using or infrastructure for emancipation of DAO and ETH community. *Any candidate can be suggested by community members.

      My suggestions are following:


  • Claim after the proposal has been passed
  • Liquidate or delegate within a week after the claim

Ask: Gas fee for claim + Liquidation or Delegation

Accountability: Davidd#2959 and multisig-signers

Voting Option:

Claim and liquidate when transferable

Claim and delegate to ( )

*Please note that $SAFE Toke is currently not transferrable meaning that it can’t be liquidated right away. There is currently on-going discussion at SAFE DAO forum regarding this. [SEP #2] Community Initiative To Unpause Token Contract (Enabling Transferability) - SEPs - Safe Community Forum

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don’t quite understand But I think it’s a good story for the ghost project.

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+1 for [No, Claim and delegate to (ENS)].

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I disagree, I think if we delegate the right to vote to a small number of people, if they have bad think and unite together to embezzle, our ghost ecosystem can be so dangerous that it cannot be revived.

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Looks like the SAFE token is not related to GhostsProject itself. It’s governance token for SAFE DAO. The point is, if we don’t delegate it, we should make ‘vote proposal’ everytime if we want to vote at SAFE DAO.(=Vote proposal for vote).
Anyway, feel great to see your first comment!

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+1 for [No, Claim and delegate to (ENS)]. lol same Misang

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@Davidd Think we should make voting option as

  1. Claim and liquidate
  2. Claim and delegate
  3. Do not claim

Cause choosing a delegation party of $SAFE token should be handled in different proposal.

If it’s impossible to change the option, I would like to recommend Parcel. Cause we are using this tool to handle batch transaction, delegation would help them.


Thanks for the suggestion!
I think your suggestion of voting options are ideal but as GhostsProject proposal only allows dual voting options I thought that 1.Claim and liquidate, 2.Claim and delegate to ( ) options were practical ones.

I also agree with delegating to Parcel or Snapshot as Mr.Misang suggested.

Any airdrop for nft holders


I would like to see some kind of airdrop too, buy a nice project, or even Misang could create like 10 1/1 drawings, use the tokens as compensation for his work and raffle the drawings