Gnosis Safe Goes Live on Layer 2

Gnosis Safe team is thrilled to launch today on EVM-compatible networks Polygon and Binance Smart Chain (BSC). Arbitrum, which is completing steps toward mainnet release, will join within the coming weeks.

Gnosis Safe anticipate that their multi-chain rollout will play a critical role in meeting the Gnosis Safe community’s needs of tackling Ethereum scalability, boosting the adoption of Decentralized Autonomous Organisations (DAOs), bringing added security to DeFi treasuries, and creating space for network-native features.

Benefits to Gnosis Safe Users

Gnosis Safe adoption has been rising rapidly, with >$44billion USD value now held in Safes and >26,000 created to-date. With more users and significant transactions being made than ever, it was a priority for them to respond to requests for key Layer 2 features like low transaction costs and efficient throughput. By offering compatibility with L2s spanning popular networks, they hope to continue serving the growing sector of DeFi treasuries currently storing $55 billion USD TVL, DAOs managing $838 million assets, and a wide range of investors, institutions, projects, teams, and individuals.

By making Gnosis Safe accessible across chains, they also look forward to catalyzing a feedback loop of adoption and scaling of apps available on those chains. Launching on each chain means creating a chain-specifc Safe App browser, for projects that convert their dapp to a Safe App. Polygon, BSC and xDai (and Arbitrum, when it launches on mainnet) all boast a vibrant and expanding ecosystem of native dapps as well as dapps that are available across multiple chains.

Initial Safe Apps that will be available following the Layer 2 launch include WalletConnect, Aave, Curve, 1inch, Superfluid, Paraswap, and Request Network, with more to follow through the summer!

“Bringing Gnosis Safe to all relevant Layer 2 solutions answers a pressing demand from our community of builders and users, creating a portal between the Safe interface and app ecosystem and some of the most robust networks emerging right now. We’re thrilled to kick off this rollout today with any early L2 cohort, to be joined by others like Optimism, zkSync, and Avalanche throughout the rest of 2021.”
— Gnosis CTO Stefan George

“We are thrilled that Gnosis Safe is live on Arbitrum and will be available for our public mainnet launch. This is a critical piece of infrastructure and an important dependency for many of the projects building on Arbitrum, and all Arbitrum users will benefit from accessing and exploring apps in the Safe interface.”
— Offchain Labs CEO Steven Goldfeder

Benefits to Developers

In addition to the Layer 2 benefits of increased speed, efficiency and cost, the launch of Gnosis Safe on Polygon, Arbitrum and BSC facilitates easy access to the applications being developed on those networks. Any existing dapp can be converted into a Safe app with just a few lines of code.

Additionally, Gnosis Safe will also be crucial in securing smart contract systems and project treasuries:

“We’re excited to have Gnosis Safe’s high security user-friendly multisig platform live on Polygon. This will allow the 450+ Dapps building on Polygon’s high speed infrastructure to manage their assets transparently and securely.”
— Polygon co-founder Anurag Arjun

Logging into Layer 2s

How do you access Polygon, BSC, Arbitrum and xDai from Gnosis Safe? It’s easy — just navigate to app.gnosis-safe.io. In the top right, you’ll see a new drop-down menu offering log-in options for different networks.

Simply select the network you want to enter (for this example — Polygon) and you’ll be prompted through the steps to connect, including setting Metamask to the correct network:

Please note that it’s not possible to access any Layer 2 network from the same Gnosis Safe used on mainnet. You’ll need to create an entirely new Safe on each network, so make sure you have sufficient funds for gas in the native currency of the network. Make sure not to send funds to a Safe address on the wrong network.

📰 INFO 

https://blog.gnosis.pm/gnosis-safe-is-live-on-layer-2-24adf83f0032