I believe many of us here are familiar with Safe (previously known as Gnosis Safe)
Is there anyone technical enough to understand how Gnosis Safe smart contracts work when funds are stored there? There are billions stored inside these multisig smart contracts by large DeFi players like 1inch, balancer, gmx, chainlink, and even Vitalik himself.
Say you have a 2/2 signature requirement, in the UI side it's a simple approve off-chain and one tx on chain. What is submitted on chain? Can we trust signatures being submitted on chain?
Is it bad being a bit skeptic about it and instead deploy a smart contract which has only ON-CHAIN approval for funds spending?
e.g in a 2/2 requirement, both parties must approve with an actual transaction on chain their intent to allow the transfer from the smart contract.
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