Lukas Schor, co-founder of Safe, emphasizes that Safenet is designed to tackle significant challenges in decentralized finance (DeFi), including fragmentation, latency, and complexity.

The network's security is bolstered by user-defined policies and a decentralized validator network that requires staking of the SAFE token, which helps protect against vulnerabilities such as address poisoning.

Validators play a crucial role in monitoring processor activity for malicious behavior, establishing a multi-layered security approach that minimizes exposure to risks.

Currently, Safe wallets manage a staggering $112 billion in assets, with 75% of these assets located on the Ethereum network, allowing users to switch seamlessly between networks.

Safenet will unify asset balances across different chains, significantly reducing the need for multiple wallets and manual bridging, thus providing users with a consolidated view of their holdings.

By addressing delays in cross-chain transfers, Safenet aims to eliminate the fragmented user experience that has plagued previous systems.

The platform is designed to process transactions in under one second, enabling near real-time cross-chain operations for asset transfers and transaction execution.

Users will benefit from instant liquidity and secure transactions that connect both on-chain and off-chain networks through Safenet Processors.

Safenet is expected to bridge on-chain and off-chain systems, allowing users to manage assets across various platforms, including centralized exchanges.

The platform will integrate with ERC-7579, a standard for modular smart accounts, enhancing interoperability between different implementations.

The Safe7579 Adapter, developed in collaboration with Rhinestone, will enable Safe accounts to comply with the ERC-7579 standard, facilitating unbundled transaction execution and settlement.

The alpha release of Safenet is scheduled for the first quarter of 2025, featuring initial support for cross-chain accounts and liquidity functions, with a broader rollout planned by mid-2025 that will include third-party processors and compatibility with the Safe Apps SDK.