THELOGICALINDIAN - Applications active on Polygon Binance Acute Chain and Arbitrum can now use Gnosis Safe to enhance their acute arrangement security
Ethereum-native multi-sig wallet provider Gnosis Safe is ablution on three new networks: Polygon, Binance Smart Chain, and Arbitrum.
Gnosis Safe Announces Expansion
Gnosis Safe, a multi-signature wallet provider and asset administration platform, has gone alive on Polygon, Binance Smart Chain, and Arbitrum. The artefact was ahead alone accessible on Ethereum and xDai.
Like xDai, Polygon, Binance Smart Chain, and Arbitrum action EVM compatibility. Polygon and Binance Smart Chain accept begin success by alluring protocols that launched on Ethereum or, as is generally the case with Binance Smart Chain, agnate derivatives. Arbitrum, meanwhile, is a Layer 2 band-aid congenital to advice Ethereum scale. It uses Optimistic Rollups and is slated to barrage in abounding this summer.
Gnosis Safe has apparent cogent acceptance as appeal for acute arrangement wallet aegis increases. It currently secures over $42 billion in ETH and ERC-20 tokens powering the DAO and DeFi ecosystems.
DeFi on Ethereum continues to see accelerated growth, with 3 actor users and over $54 billion in absolute amount bound in DeFi protocols. Gnosis Safe’s multi-sig wallet secures $22 billion account of crypto assets and is acclimated by acclaimed projects including Aave, Balancer, SushiSwap, 1inch, Kyber, Synthetix, and Yearn Finance.
With today’s expansion, the aggregation hopes to action added aegis to DeFi treasuries and advice with the defended accomplishing of decentralized free organizations (DAOs) on Polygon, Binance Smart Chain, and Arbitrum.
The artefact lets developers arrange acute affairs that are backed by multi-signature security. This assures that a acute arrangement is not controlled by one berry byword or person, acceptation the aegis of the activity can be advance beyond assorted devices.
Polygon’s co-founder Anurag Arjun discussed how Gnosis Safe’s barrage on Polygon would advice the arrangement flourish. He said:
“We’re aflame to accept Gnosis Safe’s aerial aegis convenient belvedere alive on Polygon. This will acquiesce the 450 dApps architecture on Polygon’s aerial acceleration basement to administer their assets clearly and securely.”
Polygon has apparent accelerated acceptance this year acknowledgment in allotment to the cardinal of Ethereum projects that launched on the network. Aave, Curve, SushiSwap, and Balancer accept all deployed their affairs on the Ethereum accomplish alternation in contempo months. Arbitrum, meanwhile, looks set to acceptable a cardinal of Ethereum staples as Layer 2 begins to cycle out in earnest; Uniswap, SushiSwap, and Bancor accept all accepted launches on the Optimistic Rollup band-aid this year.
As part of Gnosis Safe’s Layer 2 plans, the aggregation is planning to barrage on Optimism and zkSync afore the end of 2021. It will additionally go alive on Avalanche.
