Safe, Rhinestone and Pimlico Partner to Advance ERC-7579 Standard and Launch 14+ Smart Account Modules

Berlin, Germany - July 05, 2024 - Core Contributors, the software team developing Safe{Wallet} and Safe{Core} source code, has partnered with account abstraction leaders Rhinestone and Pimlico to launch developer tooling around ERC-7579 standard. A key contract in this initiative is the Safe7579 Adapter, built by Rhinestone in partnership with Safe, alongside 14+ smart account modules already available. This partnership aims to onboard Safe users with the new standard, increasing interoperability and addressing fragmentation in the smart account space.  

ERC-7579 is a revolutionary Ethereum standard that transforms the interoperability and functionality of smart accounts. It introduces guidelines and protocols that enable seamless interaction between smart contracts and modules, empowering developers to create versatile and robust applications. Co-authored by Rhinestone, ZeroDev, and OKX and published in December 2023, ERC-7579 sets out the minimum requirements for modules to be easily interoperable between smart account implementations, ushering in a new era of smart account development.

The ERC-7579 standard is designed with the user in mind. It addresses the limitations of externally Owned Accounts (EOAs), the backbone of most DeFi infrastructure, which require users to manage complicated private keys, creating a security threat for self-custody users. In Q1 2024, over $239 million in digital assets was lost due to private key compromises, demonstrating the need to transition to a more user-friendly smart account infrastructure. This collaboration aims to address fragmentation, champion interoperability, and reduce dependency on specific platforms so that Safe developers can deploy and manage smart contracts with greater flexibility, enhancing the user experience in the process. Early adopters showcasing their support of this launch include zkEmail recovery module and Bico session keys. 

Lukas Schor, co-founder at Safe, commented on the collaborative push for smart account interoperability, “This is the app store moment for smart accounts! Aligned on a mission to simplify building and motivate developers to choose smart accounts, we have the opportunity to transform user experience in crypto. This integration represents a key turning point for the space, and we are on our way to onboarding the next billion users.”

Kurt Larsen from Rhinestone echoed Lukas’s thoughts: “The path to mainstream adoption is paved with seamless developer tooling. We believe modular smart accounts will be the next composable platform that drives innovation and sets the stage for the next killer Web3 app. Since the launch of ERC-4337 in 2023, there has been a surge in interest in the smart account space, and this collaboration represents another advancement driving that momentum.” 

Kristof Gazso, founder of Pimlico, expanded on the importance of modularity and great developer tooling: “ERC-7579 and smart account modules represent a transformational moment for smart accounts, letting developers write standardized modules for custom features that become day-1 compatible with major smart account implementations without any further modifications. We’re proud to have permissionless.js support the Safe ERC-7579 adapter, allowing Safe developers to now also plug into this growing ecosystem.”

To further encourage the adoption of the ERC-7579 standard, Safe is offering a prize for the best app integrating ERC-7579 Safe smart accounts. This initiative, aimed at fostering innovation and engagement within the developer community, will be featured at ETHCC in Brussels. Qualified apps must support Safe accounts v1.4.1, integrate Pimlico’s permissionless.js, utilize Rhinestone’s ModuleKit, and use the Safe7579Adapter to deploy or connect existing Safe accounts and execute gasless transactions.

Developers and other parties seeking more information on the ERC-7579 can visit https://erc7579.com/ or https://docs.safe.global/advanced/erc-7579/7579-safe.

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About Safe 

Safe (previously Gnosis Safe) is an onchain asset custody protocol, securing ~$100 Billion in assets today. Released as an open-source software stack by the Safe Ecosystem Foundation, it is establishing a universal smart account standard for secure custody of digital assets, data, and identity. Safe is built for the mission to unlock digital ownership for everyone in web3, including DAOs, enterprises, retail, and institutional users. Website, Twitter, Discord, Blog, GitHub, Docs.

About Safe{Core} and Core Contributors GmbH

Safe{Core} is an open-source and modular account abstraction stack. It's the essential tooling and infrastructure for integrating the Safe Smart Account into any digital platform, ensuring a tested core with flexible and secure capabilities for innovative applications. Core Contributors GmbH, Berlin, Germany is a leading provider of software development and IT consulting services. Founded in 2022 by some of the core developers behind the Safe smart contracts, the company specializes in delivering innovative solutions to enhance the Safe Ecosystem. As a dedicated service provider for the Safe Ecosystem Foundation, Core Contributors GmbH plays a crucial role in developing and maintaining the Safe{Wallet} and Safe{Core} source code. Additionally, the company hosts a live version of Safe{Wallet} and Safe{Core} at https://app.safe.global/, ensuring users have access to a reliable and secure digital wallet experience. 

About Rhinestone

Rhinestone is a blockchain infrastructure and tooling provider for modular smart accounts. Our mission is to transform smart accounts into an open innovation platform where any developer can build a module (“smart account app”) that can be easily installed on any smart account implementation. 

Rhinestone’s services manage the full lifecycle of a smart account module, from development and security review through to deployment and use within the application layer. We’ve also developed several core modules to kick-start the module ecosystem. 

About Pimlico

Pimlico is a smart account development platform giving developers access to all major ERC-4337 infrastructure components, including bundlers and paymasters, with advanced analytics and debugging capabilities. They are also the creators and maintainers of permissionless.js, the most popular smart account-related typescript SDK.