[PRESS RELEASE – Sheridan, United States, 20th September 2022]
Coinshift’s native integration with the Superfluid protocol allows DAOs and web3 businesses to automate payroll through the flow of funds, saving HR managers time and cognitive work
coin shiftthe leading treasury management and infrastructure platform enabling DAOs and web3 businesses to manage treasury operations securely and efficiently, is pleased to announce its native integration superfluid The protocol (“Superfluid”) in its V2 dashboard is now live. Coinshift’s native integration with Superfluid allows users to create, view, manage and edit real-time money flows directly from the Coinshift dashboard, enabling them to put web3 payroll on autopilot. As a programmable and automatable second-by-second token stream, Payroll Stream helps financial managers save administrative hours and reduce complexity.
“We are excited to partner with Superfluid, a pioneer in real-time finance and the leading asset flow protocol for the EVM network, to bring the utility of money flow to DAOs and crypto-native businesses. Superfluid is a key part of our future product roadmap as we provide Crypto-native organizations build the most important treasury management solutions, and we look forward to further integrating Superfluid streams into Coinshift’s treasury workflow.” – Tarun Gupta, CEO, Coinshift
In addition to being able to initiate multiple streams in a single transaction, web3 financial managers using Coinshift Streaming Payroll can enjoy a variety of Coinshift’s best-in-class financial management features (such as tagging and tagging transactions for seamless accounting, adding detailed notes, ability for non-signers to create proposals). Additionally, when a stream is started/stopped via Coinshift, tokens are automatically wrapped on the fly to keep the stream running without any intervention from the multi-signer.
Salary and benefits for crypto-native organizations
Reduced time and cognitive work: Payroll streams only need to start a transaction, and they flow forever until you decide to stop them – greatly reducing the time and cognitive work of manually managing payouts each month.
Scalable, gas-saving payouts: You can batch multiple streams (including multiple tokens) in a single transaction, and the longer you keep your streams running, the more significant your fuel savings will be in the long run.
Compensation and benefits for employees and contributors
Enhanced financial flexibility: By streaming paychecks with Superfluid, employees and contributors receive their earnings every second, rather than biweekly or monthly, so they can be on DeFi over time Spend and invest their money.
Continuous Rewards and Incentives: Through the use of permanent conditional reward tokens (UMA KPI option, which provides token rewards based on met conditions), employees and contributors can continue to be rewarded and incentivized to achieve certain KPIs.
“Superfluid is a ubiquitous web3 value transfer solution, and by partnering with Coinshift, we are making it widely available to a variety of crypto-native organizations. We’re excited for DAOs, web3 businesses, and their stakeholders to experience the benefits of paystream — Whether it’s improving financial efficiency or capital flexibility – because they focus on building entirely new technologies.” – Francesco Renzi, co-founder and CEO of Superfluid
Coinshift is the leading treasury management and infrastructure platform that enables crypto-native organizations to manage their treasury operations securely and efficiently. Built on Gnosis Safe and present on seven chains, Coinshift provides an easy-to-use solution for payment management, collaborative multi-signature transactions and comprehensive reporting for Ethereum and Polygon, enabling users to reduce operating costs and save up to 90% %Gas costs. Hundreds of crypto businesses, including blue chips like Aave, Messari, and Polygon, trust Coinshift to manage over $1 billion in crypto assets.
Superfluid is the leading asset streaming protocol providing Web3-native subscriptions, salaries and rewards for DAOs and crypto-native businesses. A superfluid flow transfers value in a non-custodial and permissionless manner between wallets in a constant flow over time. The Superfluid protocol can be used to describe cash flows and automatically execute them on-chain, over time, in a non-interactive manner. Funding flows are programmable, composable, and modular, allowing developers to build custom applications on top of the protocol. No funds are locked, all inflows and outflows are netted in real-time every block without consuming any gas. Ongoing streams can be forwarded as wallets and applications are received, eliminating latency and greatly improving capital efficiency.
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