Difference between single ownership (1 / 1) Safes and Multisigs

There are two types of Safe smart wallets users can have depending on the number of signers connected to the wallet:

• 1 / 1 - Meaning that there's only a single signer and owner of the Safe wallet. DeFi Saver's interface views these wallets as a direct extension of the EOA account that owns them.

• Multisigs, shown as ( x / y ), where x is the number of signers required for the transaction to go through, and y is the total number of signers for the wallet.

Seeing as DeFi Saver's perceives 1/1 wallets and Multisigs differently, there are some differences to how they're used on DeFi Saver:

• For 1/1 Safes, funds need to be on the EOA wallet that owns the Safe. If the funds are transferred to the Safe wallet itself, they can't be used on DeFi Saver until they're withdrawn from the Safe to the EOA. This can be done either by withdrawing directly from the Safe UI or via DeFi Saver's interface.

• For Multisigs, the funds can be either on one of the EOA signer wallets, or the Safe wallet itself.

• When a transaction is submitted via a 1/1 Safe - It's instant. However for Multisigs, the required number of signers must sign the transaction first before it proceeds. DeFi Saver has native Multisig support, meaning that every account associated with a Multisig will be able to sign transactions directly through our interface.