September 20, 2022 – Sheridan, United States
Coinshift’s native integration of Superfluid Protocol allows DAOs and Web 3.0 businesses to automate payroll with money streams, saving HR managers time and cognitive effort.
Coinshift, the leading treasury management and infrastructure platform that enables DAOs and Web 3.0 businesses to manage treasury operations securely and efficiently, is pleased to announce that its native integration of Superfluid Protocol (‘Superfluid’) within its version two dashboard is now live.
Coinshift’s native integration of Superfluid allows users to create, view, manage and edit real-time money streams directly from the Coinshift dashboard, enabling them to put Web 3.0 payroll on autopilot. As programmable and automatable second-by-second token flows, salary streams help treasury managers save hours in administrative labor and reduce complexity.
Tarun Gupta, CEO of Coinshift, said,
“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 build out the foremost treasury management solution for crypto-native organizations, and we look forward to further incorporating Superfluid streaming throughout Coinshift’s treasury management workflows.”
In addition to being able to start multiple streams in one transaction, Web 3.0 treasury managers using Coinshift to stream salaries can enjoy a variety of Coinshift’s best-in-class treasury management features (e.g., tagging and labeling transactions for seamless accounting, adding detailed notes, the ability for non-signers to create proposals).
Moreover, when starting or stopping streams via Coinshift, tokens are automatically wrapped just in time to keep the streams running without any intervention required from the multi-sig signers.
Salary streaming benefits for crypto-native organizations
- Reduced time and cognitive effort Salary streams only require one transaction to start, and they flow in perpetuity until you decide to stop them drastically reducing the time and cognitive effort of manually managing payouts every month.
- Scaleable, gas-efficient payouts You can set up multiple streams in bulk (including multiple tokens) in a single transaction, and the longer you keep your streams running, the more significant your gas savings are over the long term.
Salary streaming benefits for employees and contributors
- Enhanced financial flexibility By streaming salaries with Superfluid, employees and contributors receive their income every second as opposed to bi-weekly or monthly, allowing them to spend and invest their money in DeFi as they earn it over time.
- Continual reward and incentivization By using the Perpetual Conditional Rewards token (a UMA KPI option that streams token rewards in proportion to the condition met), employees and contributors can be consistently rewarded and incentivized for achieving certain KPIs.
Francesco Renzi, co-founder and CEO of Superfluid, said,
“Superfluid is a ubiquitous solution for Web 3.0 value transfer, and by partnering with Coinshift, we’re making it widely accessible to a diverse range of crypto-native organizations. We’re excited for DAOs, Web 3.0 businesses and their stakeholders to experience the benefits of salary streaming be it enhanced treasury efficiency or capital flexibility as they focus on building radically new technologies.”
About Coinshift
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 live on seven chains, Coinshift provides an easy-to-use solution for payout management, collaborative multi-signature transactions and comprehensive reporting for Ethereum and Polygon, allowing users to reduce operational costs and save up to 90% on gas fees.
Hundreds of crypto businesses, including blue-chips like Aave, Messari and Polygon, trust Coinshift to manage over $1 billion in crypto assets.
About Superfluid
Superfluid is the leading asset streaming protocol that enables Web 3.0 native subscriptions, salaries and rewards for DAOs and crypto-native businesses. Superfluid streams transfer value in a constant flow over time between wallets in a non-custodial and permissionless manner.
Superfluid Protocol can be used to describe cash flows and execute them automatically on-chain, over time and in a non-interactive way. Money streams are programmable, composable and modular, allowing developers to build custom applications on top of the protocol.
No capital is locked up, and all inflows and outflows are netted in real-time at every block without consuming any gas. Ongoing streams can be forwarded as they are received to both wallets and applications, eliminating delays and drastically increasing capital efficiency.
Contact
David Costello, head of marketing at Coinshift
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.
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