Taking care of payroll is onerous enough in a traditional corporation, but a Decentralized Autonomous Organization (DAO) doesn’t even have an accounting or HR department to carry out the task. So how can it reward its members based on their contributions?
Decentralized Finance innovator Andre Cronje, founder of DeFi aggregator Yearn Finance, has a solution. On Wednesday, he published details of a new product, Coordinape, which allows teams without top-down management—such as those that have formed DAOs—to autonomously allocate funds and reward contributors.
Cronje said he built Coordinape while working on the Yearn Finance DAO. At first, Yearn DAO adopted so-called governance weighted salaries—grants based on the number of monthly contributions to the platform. But this, he soon discovered, didn’t scale well because the process needed active management, voting and approval.
“These are my favorite kind of products since they originate out of a personal need, but can be
Źródło: https://decrypt.co/63664/yearn-finance-creator-introduces-dao-payroll-system
