Gnosis Safe: Pay network transaction fees in ERC-20 tokens

Use OWL and tokens traded on the DutchX protocol for gas payments

Note: This post is about the Gnosis Safe legacy mobile app. We made the decision to deprecate it and instead focus on the Gnosis Safe Multisig including a new mobile app. Learn more about this here.

Last month, we released the Gnosis Safe for Android on the Ethereum Mainnet. But we haven’t slowed down.

We are happy to announce that Gnosis Safe users will soon be able to pay transaction fees in OWL, as well as tokens that are traded on the DutchX protocol. OWL is a token generated by locking GNO for a period of time and used to give Gnosis community members greater utility on our platforms.

Currently, Gnosis Safe users can pay transaction fees with ETH held inside their Safes, a functionality which uses a transaction relay service. This functionality is one of the key differences between the Safe and other wallet apps, as it allows us to also accept ERC20 tokens for gas payment. This feature is tremendously useful for dApps that require their users to hold and use a specific token since it removes the need to additionally hold ETH in order to pay transaction fees.

This forthcoming feature will initially support OWL and Dai. We will continue to add support for tokens traded on the DutchX protocol as long as they meet basic liquidity and adoption thresholds.

We’re happy about this next step toward giving OWL token holders greater utility on our applications. Be sure to watch the Gnosis Safe Twitter account (@gnosisSafe) to find out when this feature is live! 🚀