Proposal: Implementing a new payment tool (Parcel)

Current status
Since the Pre-Season we are working with Disperse as a way to handle the transactions on Gnosis Safe. This is a solution on top of Gnosis Safe which allows batching contributor payments with low gas fees.

Problem
Unfortunately the process of preparing these batch transactions is that it is not user-friendly and error intensive. There is manually editing of an external table which contains wallet addresses of the contributors and their compensation. In addition, it is only functioning as a manually payment distribution app. In other words, it does not provide any decent overview of the payments done and has no reporting function as well.

Solution
The solution would be implementing a new front-end payment interface. There are multiple possibilities in this regard, like:

  • SuperFluid (support continuous on-chain streaming of payments),
  • Parcel (aiming to be an easy all-in-one payment solution)
  • 0xSplits (a front end app for percentage allocation of grants/funds)

SuperFluid and 0xSplits are solving the problem of distributing funds in real time or with a certain percentage. This could solve a part of the aforementioned problems, yet it would be interesting to discuss the rational for a all round treasury management and compensation tool that already works with more than 500+ DAOs, Parcel

Rational to use Parcel instead of Disperse

  • Enables recurring payments which works as almost an autonomous solution for core contributor payments
  • Enables one-off payouts which is an excellent fit for a new expense request process
  • Enables to compile the DeWork transactions via Gnosis (for bounty holders) as well in its CSV upload and therefore it is easier to implement autonomous reporting (only require to build a “bridge” that extracts CSV data into reporting dashboard)
  • Easy to implement as Parcel is an interface on top of Gnosis Safe (which we already use)
  • Parcel provides more transparency in the payroll as they are for instance working on a feature where it is possible to see the total earnings of each contributor over the several guilds
  • Enable batch payments which significantly reduces gas fees
  • Sponsor deal: Parcel is happy to sponsor gas fees for 6 months with a $500 limit per month

Potential challenges and risks
Parcel is a fairly new tool and therefore not yet a complete all-in-one tool. However, Finance Squad interprets this as an opportunity to help shape the all-in-one tool and build a long term relationship with Parcel.

Next steps
Finance squad aims to implement Parcel as a fully operated DAO wide treasury management tool by the end of the season. As incremental implementation is better in terms of feedback loops. Therefore, Finance squad prefers to start onboarding 1 guild/squad (with 5+ members) that will be paid out via Parcel for payment of June (as a trial). @fmurphy @SpectraCryptoVerse @anukriti10 @Shawncubbedge

Feedback
As always, it would be great to receive feedback from the community on this proposal.
Confirmation that are no blockers from a technical point of view would be excellent as well @voronchuk @nivida @p4u

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