The problem FluxPay solves
Fluxpay greatly reduces the effort, overhead, and complexity when it comes to DAO payroll management and execution π
Now, DAOs can stream any token over time without any friction or fees to their team and contributors, settling their recurring compensation once and for all. π€
The benefits source from 4 key areas:
- Less effort: streaming salaries allows DAOs to set a yearly (or monthly) amount to transfer and then moves the funds over time without the need for any further transactions on-chain. π€
- No more overhead: you only have to set the amount of funds you want to transfer once, rather than every month. No more monthly admin and payroll transactions from complicated cold wallets. π€©
- Reduced complexity: you can stream to as many wallets as you want directly just by NFT collection address. π
- Pay in real-time: contributors get paid in real-time and can use the funds as soon as they receive them using Superfluid π.
Challenges we ran into
- Using superfluid and coming up with an optimized solution