Sheridan, USA, May 31, 2022, Chainwire
Coinshift announced a partnership with Superfluid to offer streaming services to users as part of the V2 beta launch.
Coinshift is a leading cash management and infrastructure platform that enables DAOs and crypto businesses to manage cash operations. Coinshift provides a single, easy-to-use solution that facilitates and efficiently manages cash transactions. Coinshift is built on top of Gnosis Safe, allowing customers to use its core payment features to manage payments, engage in multi-signature collaborative transactions, and save up to 90% on gas fees. Additionally, Coinshift extends the Gnosis Safe feature with additional Ethereum and Polygon reporting capabilities, saving users time and reducing operational and gas costs.
Coinshift V2 will deliver a host of new features that will allow DAOs and other web3 organizations to manage their treasuries more efficiently. Coinshift V2 was built and designed in close collaboration with leading Decentralized Autonomous Organizations (DAOs) in the industry. As a result, our V2 will allow users to manage multiple Gnosis Vaults for multiple chains under one organization to enable significant time savings and achieve greater transparency in treasury operations.
Superfluid is the leading asset streaming protocol that enables web3 native subscriptions, salaries and rewards for DAOs and crypto-native businesses. It can be used to describe cash flows and automatically run them on-chain over time in a non-interactive way. Superfluid flows transfer value in a constant flow over time between wallets, non-custodially and without permission. Streams are programmable, composable, and modular, allowing developers to create custom applications on top of the protocol. No capital is blocked and all entries and exits are compensated in real time at 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.
Coinshift’s native integration with Superfluid will allow its users to create and manage real-time feeds directly from the Coinshift dashboard. Streaming is a revolutionary way to make payments that unlocks benefits for both the DAO and the contributor.
Benefits of Salary Streaming for DAOs/DAO Administrators:
- Automates payroll and drastically reduces manual effort to monthly updates
- Set up flows for bulk payments, including multiple tokens, in a single transaction.
- Significantly reduces long term gas costs.
- Set flows once, they’ll keep running until you decide to stop them, dramatically reducing the time and cognitive effort of managing payments each month.
- Delight patrons with a superior checkout process.
Benefits of salary streaming for contributors:
- Give contributors the opportunity to spend their salary before the end of the month
- Capital can be invested in DeFi as it is received, allowing for immediate capitalization, without having to wait for the payday at the end of the month
- No waiting for transactions to be processed at the end of the month
- Contributors can see their rewards accumulate with real-time salaries
Coinshift strongly believes in the Superfluid protocol, and it represents a crucial part of our offering to DAOs and enterprises. The Superfluid ecosystem is growing rapidly, with more and more applications based on the protocol, which means that all recipients of current streams will benefit from an ever-expanding range of applications ranging from payments and subscriptions to loans and investments.
“Multisig wallets are a fundamental enabler for large-scale enterprise adoption of web3. The Coinshift team’s attention to detail guarantees a great UX, and we are extremely excited to partner with them to equip Web3 organizations and DAOs with the power of Superfluid flows, enabling second-by-second payroll and automated asset management strategies like DCA.” – Francesco Renzi, CEO of Superfluid
“Real-time finance is a fundamental innovation in the transfer of capital between different agents. We are excited to partner with Superfluid, a pioneer in real-time finance as a protocol layer. Working with the superfluous team has been amazing over the past few months, and we look forward to bringing superfluous flows to payroll, asset management, and various other workflows. – Tarun Gupta, CEO of Coinshift
Coinshift is a leading cash and infrastructure management platform that enables DAOs and crypto businesses to manage cash reserves, general funding, and overall risk. Coinshift provides a single, easy-to-use solution that facilitates and manages cash transactions efficiently. Coinshift is built on top of Gnosis Safe, allowing customers to use its core payment features to manage payments, engage in multi-signature collaborative transactions, and save up to 90% on gas fees. We are extending the Gnosis Safe functionality with additional reporting features, on Ethereum and Polygon, saving users time and reducing operational and gas costs.