Episode 49 | Tarun Gupta from Coinshift on Transforming the Multi-Signature UX through Safe for simplifying Treasury Management

The Accountant Quits Podcast

While Safe (previously Gnosis Safe) has become the gold standard for self-custodial wallets, anyone listening who has previously used Safe, which requires the approval of more than one user for transaction execution, would often say that the user experience is sub-optimal.

Some of the examples of the recurring pain points using a Safe alone for approving multisig transactions are that only the safe signer can create a safe transaction or that transactions cannot be easily edited without canceling the initial transaction.

One company helping crypto organisations better manage their multi-sig treasury transactions on top of Safe, is Coinshift.

Coinshift’s mission is to simplify on-chain treasury operations , whether for payments, reporting, and asset management.

On episode 49, I spoke to its Founder & CEO Tarun Gupta.

Topics Covered

• Episode intro (00:40)
• The story behind Coinshift (2:40)
• How Safe works (7:54)
• Pain points for users with Safe alone for multi-sig transactions (11:52)
• Overview of Coinshift (13:18)
• Thank you to our sponsor Cryptoworth (16:43)
• Onboarding with Coinshift (18:22)
• Pricing for Coinshift (21:36)
• Proposal on Coinshift v/s transaction on Safe (23:28)
• Most used chains & tokens (26:15)
• Financial reporting & asset management feature (27:17)
• Coinshift apps - CowSwap, Aave, LiFi, Request Finance (30:49)
• How CowSwap works with Coinshift (33:18)
• Integration with Request Finance (35:27 )
• Why use Coinshift in combination with Request Finance (36:44)
• Thank you to our sponsor Web3CFO Club (38:40)
• Positioning against competitors like Utopia Labs, Multis, Parcel (40:24)
• Account abstraction and onboarding the next billion of web3 users with Safe (44:37)
• Closing thoughts of Tarun (49:24)
• How to reach out to Tarun & Coinshift (51:03)

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Web3CFOclub - A community of web3 CFOs sharing best practices around web3 financial operations

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Follow Coinshift:

Twitter: https://twitter.com/0xCoinshift

Follow Tarun Gupta:

Twitter: https://twitter.com/tarungupta1475

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