According to Huoxing Finance, Smart Account infrastructure provider Safe stated that approximately $12.4 billion in assets within its smart account system are deployed in DeFi protocols, representing a net figure after deducting $2.37 billion in borrowings. Safe evolved from Gnosis Safe, a multi-signature wallet, and its accounts are widely used for DAO treasuries and protocol fund management. Safe’s Q3 report revealed that the total assets under its smart accounts amounted to $57.64 billion, but did not separately break out the portion deployed in DeFi. The disclosed $1.24 billion figure now provides a clear breakdown of assets allocated to DeFi during the quarter.
Safe reports $12.4 billion in DeFi assets from smart accounts
MarsBitShare
Summary
Safe, a smart contract infrastructure provider, reported $12.4 billion in DeFi assets from its smart account system, after deducting $2.37 billion in loans. The platform, originally built on the Gnosis Safe multisignature wallet, is widely used for DAO treasuries and protocol fund management. Its Q3 report showed total assets under smart accounts at $57.64 billion, though the DeFi portion was not specified. Automated smart contract execution plays a key role in efficiently managing these assets.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.