Safe says $12.4 billion of smart-account assets sits in DeFi
The amount is net of $2.37 billion in borrowing and part of a $57.64 billion total base.
Key takeaways
- 1$12.4bn of smart-account assets in DeFi, net of borrowing
- 2$57.64bn total assets under management
Safe said on 6 November that $12.4bn of assets held in its smart accounts were deployed in decentralized finance protocols during the third quarter, according to The Defiant.
The figure is net of $2.37bn in borrowing that users have taken against their holdings. Safe’s third-quarter report lists a total of $57.64bn in assets under management but does not provide a further breakdown of the DeFi allocation beyond this net amount.
Safe provides programmable wallets that allow users to execute multiple transactions in a single step, removing the need for separate approvals for each action. The platform serves both retail investors and institutional funds looking to automate yield strategies and manage risk across various protocols.
The disclosed exposure suggests a significant portion of Safe’s capital remains active in permissionless finance. Traders will watch future reports for changes in borrowing levels and the split between on-chain and off-chain assets, while regulators continue to monitor asset concentration within DeFi.
Also reported by
Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.