Introduction

AutoSAFU (Protocol Insurance)

As part of our participation in Binance’s Most Valuable Builder (MVB) Accelerator Programme, the Autofarm team is pledging all the 30% gas rebates which we will receive from the monthly BUIDL reward to be utilised for Autofarm’s protocol insurance.

The AutoSAFU address is locked and protected by the Gnosis Safe Multisig application. Gnosis Safe Multisig is an application that enables multi-sig approval when transferring your assets. The Insurance Multisig has been implemented and the signature key holders are: Autofarm Treasury, Autofarm Deployer (@_mildgiraffe), @0xPrivacy, @fmnxl, and @spenguin16.

Deployment of assets in AutoSAFU (to earn interest) & disbursement of funds in the event of exploits or loss of funds will require at least 3 out of 5 signatures for the transaction to be approved. (Details on disbursement plan will be released soon)

As part of our participation in Binance’s Most Valuable Builder (MVB) Accelerator Programme, the Autofarm team is pledging all the 30% gas rebates which we will receive from the monthly BUIDL reward (we’re currently 3rd for the month of February & March) to be utilised for Autofarm’s protocol insurance. This will be used for reimbursements to Autofarm users in the event of exploits or loss of funds.

This is in addition to the other measures which Autofarm has taken to better secure the Autofarm protocol.

Gnosis Safe Multisig: 0xbBdce2B8a83819af5E8DB4F74E0bEf75A43Fac6D

You can find out more details on autoSAFU in this medium article:

On August 11th and 12th, Autofarm has migrated AutoSAFU funds (See more).