Safings Accounts are the equivelant to traditional savings accounts at banks: a deposit account that allows the users to earn (additional) interest.

Two options for Safings Accounts - that don’t have to be mutually exclusive:

• Simple, YBA-based: The first set-up would curate a set of tokens that can easily be converted to yield bearing equivelants at low risk. Example, DAI (or any other USD token) → sDAI, ETH → stETH (or other staked ETH equiv). By using the Safings Account app, a user is able to convert their assets into yield bearing tokens in a simple click, see their interest earned over time, decide what to do with their gained yield, return to non-yield bearing tokens simply, benefit from SAFEty Module coverage, and receive risk updates with the ability to exit with a single click if feels at risk. In exchange users would pay a % of their returns - with reduced fee’s the larger the holdings and more SAFE staked by the user.
• Custom, SAFE-native yield use cases: Build a more complex system that uses deposits in Safings Accounts to create native briding, on-off ramp bridging, RWA opportunities, and other yield generating strategies that are native to SAFE.

Can connect this to Karpatkey’s new set-up