Table of Contents

1. 🛠️ State of OBRA

• The ratification of SEP 49 will see the implementation of the long-awaited ‘Committees and Councils’ structure as an amendment to the existing OBRA framework.
• With SEP 52, The Contributor Efficiency System (CES) was extended for another term to provide ongoing support for initiatives during this implementation period.
• No new initiatives were onboarded during this reporting period, however, two new OBRA applications were approved.

2. 📸 Program Snapshot

📑 Applications

To date, OBRA has maintained a total of 41 applications, of which 23 have been accepted by SafeDAO via governance. Increasing governance participation remains the strategy with the lion-share of OBRA applications.

Currently, there are no applications being voted on in snapshot. However, two new applications were accepted during this reporting period. As always to find the updated list of OBRA proposals and their details, see our Notion Hub here.

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: January 8th, 2025

OBRA Treasury Overview 💰

As of this reporting, OBRA has promised ~$879k in funds for onboarded and active initiatives. The total amount of funding that will be distributed to initiatives this period is ~$48k.