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Sheridan, United States, September 20, 2022, Chainwire
Coinshift’s native integration of the Superfluid protocol allows DAOs and Web3 businesses to automate payroll with cash flows, saving HR managers time and cognitive effort
Coinshiftthe leading treasury and infrastructure management platform that enables DAOs and web3 businesses to manage treasury operations securely and efficiently, is pleased to announce its native integration of Superfluid The protocol (“Superfluid”) in its V2 dashboard is now live. Coinshift’s native Superfluid integration allows users to create, view, manage and edit real-time money flows directly from the Coinshift dashboard, allowing them to put web3 payroll on autopilot. As second-by-second programmable and automatable streams of tokens, payroll streams help cash managers save hours of administrative work and reduce complexity.
“We are thrilled to partner with Superfluid – a pioneer in real-time finance and the leading asset streaming protocol for EVM networks – to bring the utility of money streaming to DAOs and crypto-native businesses. Superfluid is a key part of our product roadmap going forward as we develop the leading cash management solution for crypto-native organizations, and we look forward to further integrating Superfluid streaming into cash flows. Coinshift’s cash management work – Tarun Gupta, CEO of Coinshift
In addition to being able to start multiple streams in a single transaction, web3 cash managers using Coinshift to stream salaries can take advantage of a variety of Coinshift’s best cash management features (e.g. transaction tagging and tagging for transparent accounting, the addition of detailed notes, the possibility for non-signatories to create proposals). Additionally, when starting/stopping streams through Coinshift, tokens are automatically wrapped just in time to keep streams running with no intervention required from multi-signature signers.
Benefits of salary streaming for crypto-native organizations
Reduced time and cognitive effort: Payroll streams only require a single transaction to start, and they run in perpetuity until you decide to stop them, dramatically reducing the time and cognitive effort involved in manually managing payments each month .
Scalable and gas-efficient payments: You can set up multiple streams in bulk (including multiple tokens) in a single transaction, and the longer you keep your streams running, the greater your gas savings in the long run.
Benefits of salary streaming for employees and contributors
Increased financial flexibility: By broadcasting salaries with Superfluid, employees and contributors receive their income every second rather than every two weeks or every month, allowing them to spend and invest their money in DeFi as they go. earn it over time.
Ongoing Reward and Incentive: By using the Perpetual Conditional Rewards token (a UMA KPI option that broadcasts token rewards in proportion to the condition met), employees and contributors can be constantly rewarded and incentivized to achieve certain KPIs.
“Superfluid is a ubiquitous solution for web3 value transfer, and by partnering with Coinshift, we are making it widely available to a wide range of crypto-native organizations. We are excited that DAOs, web3 businesses and their stakeholders reap the benefits of wage diffusion – whether it’s increased cash efficiency or capital flexibility – as they focus on creating radically new technologies.- Francesco Renzi, co- founder and CEO of Superfluid
Coinshift is the leading treasury and infrastructure management platform that enables crypto-native organizations to manage their treasury operations securely and efficiently. Built on Gnosis Safe and living across seven chains, Coinshift provides an easy-to-use solution for payment management, multi-signature collaborative transactions, and comprehensive reporting for Ethereum and Polygon, allowing users to reduce operational costs and save up to 90% on gas costs. Hundreds of crypto businesses, including blue chip companies like Aave, Messari, and Polygon, trust Coinshift to manage over $1 billion in crypto assets.
Superfluid is the leading asset streaming protocol that enables web3 native subscriptions, salaries and rewards for DAOs and crypto-native businesses. Superfluid flows transfer value in a constant flow over time between wallets in a non-custodial and permissionless manner. The Superfluid protocol can be used to describe cash flows and execute them automatically on-chain, over time, and non-interactively. Moneyflows are programmable, composable, and modular, allowing developers to build custom applications on top of the protocol. No capital is blocked and all entries and exits are compensated in real time with each block without consuming gas. Ongoing flows can be transferred as they are received to wallets and applications, eliminating delays and dramatically increasing capital efficiency.