Leading treasury management and infrastructure platform Coinshift has combined efforts with the Superfluid protocol to enable automation of payroll with money streams for DAOs and Web3 businesses.
The platform announced its native integration of the leading asset streaming protocol, Superfluid, via a recent press release. Employing the new partnership, users can create, view, manage & edit real-time money streams directly from the Coinshift dashboard. As such, they can now put web3 payroll on autopilot.
Speaking on the new development, Tarun Gupta, the 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.”
Per the announcement, the development will see crypto-native organizations, including employees and contributors enjoying exclusive benefits of salary streaming as it would help lessen the use of time and cognitive effort. Also, these organisations will enjoy scaleable, gas-efficient payouts.
Coinshift provides an easy-to-use solution for payout management, collaborative multi-signature transactions, and comprehensive reporting for Ethereum and Polygon. This allows users to reduce operational costs and save up to 90 percent on gas fees. Superfluid protocol, on the other hand, enables Web3 native subscriptions, salaries, and rewards for DAOs and crypto-native businesses. The protocol can describe cash flows and execute them automatically on-chain, over time, and in a non-interactive way.
The collaboration between the partners predicts greater efficiency in the proposed development. Bringing good news to DAOs, web3 businesses, and their stakeholders as they can now experience the benefits of salary streaming.
Moreso, the development will see web3 treasury managers being able to start multiple streams in one transaction while also using Coinshift to stream salaries and enjoy a variety of Coinshift’s best-in-class treasury management features.
Francesco Renzi, Co-Founder and CEO of Superfluid also commented, saying;
“Superfluid is a ubiquitous solution for web3 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, web3 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.”