Parcel Integrates Gelato To Offer Automated Recurring Payouts to DAO Treasury Managers
Every day, the demand grows for tools to be built for DAOs which are slowly replacing traditional companies in coordinating and financing projects in the crypto industry and beyond. One of the most important aspects of DAOs is treasury management, yet today, the tooling available to execute simple tasks, for example, the salary payment of DAO contributors, is a primitive and time-consuming endeavor that requires manual coordination on a repetitive basis.
That is why Parcel, the treasury management application for DAOs on Ethereum, has integrated Gelato’s automation protocol to automate recurring payouts for DAOs and their contributors.
How Parcel will be utilizing Gelato is by allowing DAOs to implement auto-salary payments to their contributors in any token or ETH itself. Instead of treasury managers needing to pass votes or having to cross-sign multiple signatures every week or month, they can easily integrate Gelato’s auto-payment feature and set it and forget it. As DAOs mature over time, one of the most important tools that they will have at their disposal to manage their day-to-day operations will be the power to automate all of the required traditional business processes such as salary payments, bonus payments or even providing liquidity on decentralized exchanges such as Uniswap.
“Our mission at Parcel is to build a fluid treasury management network and Gelato’s automation is the quintessential piece to the puzzle. We’re starting with automated payouts and look forward to automating asset allocation strategies to reduce friction in collaboration and coordination among DAO members.” — Anubhav Girdhar, Founder of Parcel
From running payrolls to distributing grants, Parcel is making it easier for crypto organizations of all sizes such as the likes of SynthetixDAO, Compound Grants, and the Aave Grants DAO to manage their treasuries. In the future, Parcel aims to release treasury management tools for asset allocation including treasury diversification, token buybacks, and yield optimization.
“Our treasury management team has spent countless hours collecting signatures and executing recurring salary payments every month. This gets even more annoying as everyone involved has to always have access to their wallets at all times, otherwise, employees don’t get paid. Parcel’s integration of Gelato solves that and makes managing DAOs a significantly smoother and less time-consuming process.” — Hilmar Maximilian Orth, Legendary Member of Gelato Network
Gelato and Parcel plan to continue their partnership through automating further aspects of DAO treasury management as well. Stay tuned to our social channels for more updates!
About Gelato Network
Gelato Network is web3’s automation network, enabling developers to automate & relay arbitrary smart contract executions on and across all EVM-based compatible blockchains such as Ethereum.
Gelato’s goal is to provide developers with a reliable, scalable & decentralized network to which they can outsource all of their web3 related DevOps operations.
Examples of which features are powered by Gelato include:
- Limit Orders on PancakeSwap
- Periodically updating debt ceilings on MakerDAO
- Offering users gasless token claims on Connext
- Automatically compounding yield farming vaults on Beefy Finance
- Automating the breeding of new digital racehorse NFTs on ZED RUN
- Rebasing of algorithmic stablecoins with Tomb Finance
- Updating price oracles on Abracadabra
► Check out what we’ve been working on at 🍦 https://gelato.network/🍦
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