Table of Contents

1. 🛠️ State of OBRA

The first month of OBRA operation began with oiling the machine. Safe and CES established the initial processes, and 7 out of the 9 initiatives from the initial batch successfully onboarded, with each reporting their progress back to the DAO. In the meantime, we’ve seen one additional OBRA initiative pass Snapshot and two more being posted to Snapshot. Now that the machine is running smoothly, we are excited to present to you the first report of this month below.

2. 📸 Program Snapshot

📑 Applications

• OBRA has received 17 total applications to date, 9 of which having been accepted into the program.
• Just under 90% of all applications covered Strategies 5, 3, and 2.
• Strategy 4 (Research decentralization of Safe tech stack) received 0 applications so far.

For ease of reference find the Strategies below:

[Strategy 1] Research and implement Safe token utility

[Strategy 2] Foster module ecosystem

[Strategy 3] Increase awareness of Safe Ecosystem

[Strategy 4] Research decentralization of Safe tech stack

[Strategy 5] Increase governance participation

Wildcard strategy

💰 Financial

Reporting date: April 30th, 2024

OBRA Treasury Overview 💰