Coinshift Integrates Superfluid to Automate Crypto-Native Payroll with Ongoing Cash Flows
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Sheridan, USA, 20 September 2022, Chainwire
Coinshift’s original integration of the Superfluid Protocol allows DAOs and web3 enterprises to automate payroll with cash flows, saving HR managers time and cognitive effort
Coinshift, the leading treasury management platform and infrastructure that enables DAOs and web3 enterprises to manage treasury operations securely and efficiently, is pleased to announce that the original integration of the Superfluid Protocol (“Superfluid”) in V2 Dashboard is now live. Coinshift’s native integration of Superfluid allows users to create, view, manage and edit real-time cash flows directly from the Coinshift dashboard, allowing them to put web3 payroll on autopilot. As programmable and automatable token flows second by second, payroll streams help CFOs save hours of administrative work and reduce complexity.
“We are excited to partner with Superfluid – a pioneer in real-time finance and the leading asset flow protocol for EVM networks – to bring the benefits of cash flow to DAOs and crypto-native businesses. Superfluid is a key part of our product roadmap moving forward as we is building out the premier treasury management solution for crypto-native organizations, and we look forward to incorporating Superfluid streaming further through Coinshift’s treasury management workflows.” – Tarun Gupta, CEO of Coinshift
In addition to being able to initiate multiple streams in one transaction, web3 treasurers using Coinshift to stream payroll can enjoy a number of Coinshift’s best-in-class treasury management features (e.g. tagging and tagging transactions for seamless accounting, adding detailed notes, the ability for non-signatories to make proposals). Additionally, when you start/stop streams via Coinshift, tokens are automatically wrapped just-in-time to keep streams going without requiring any intervention from the multi-sig signers.
Payroll benefits for crypto-native organizations
Reduced time and cognitive effort: Payflows only require one transaction to start and they flow forever until you decide to stop them – drastically reducing the time and cognitive effort of manually managing payments each month.
Scalable, gas-efficient payouts: You can set up multiple streams in bulk (including multiple tokens) in a single transaction, and the longer you keep the streams going, the greater your gas savings in the long run.
Payroll benefits for employees and contributors
Improved financial flexibility: By streaming salaries with Superfluid, employees and contributors receive their earnings 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.
Continuous reward and incentive: By using the Perpetual Conditional Rewards token (a UMA KPI option that streams token rewards relative to the condition met), employees and contributors can be consistently rewarded and incentivized for achieving certain KPIs.
“Superfluid is a ubiquitous solution for web3 value transfer, and by partnering with Coinshift, we are making it widely available to a variety of crypto-native organizations. We are excited for DAOs, web3 businesses and their stakeholders to experience the benefits of income stream – be it improved financial efficiency or capital flexibility – as they focus on building radically new technologies.” – Francesco Renzi, co-founder and CEO of Superfluid
About Coinshift
Coinshift is the leading treasury management platform and infrastructure 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 percent on gas fees. Hundreds of crypto companies, including blue chips like Aave, Messari, and Polygon, rely on Coinshift to manage over $1 billion in crypto assets.
About Superfluid
Superfluid is the leading asset streaming protocol enabling Web3 native subscriptions, payments 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 the chain, over time and in a non-interactive way. Cashflows 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 each 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.
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