Safe launches Safenet Beta, a validator network that vets Safe transactions before they execute

Safe/Safenet

Announced at EthCC in Cannes, Safenet has independent validators check each proposed Safe transaction against security rules and sign an approval that the account verifies onchain. Transactions without it are blocked unless owners override after a delay. SAFE token holders can now stake to back the validators.

• Six genesis validators: Greenfield, Gnosis, Safe Labs, Rockaway, Blockchain Capital and Core Contributors, each staking at least 3.5M SAFE.
• Beta blocks common attack patterns: unexpected code calls, untrusted modules and changes to account security settings.
• The system tolerates up to one-third of validators acting dishonestly.