Discover more from Coinshift Newsletter
Collaboration with Boardroom, Read only view for DAOs, UMA introduces range token.
We’re thrilled to announce that we will be coming up with the Weekly updates on MultiSafe and even the latest updates on Crypto Treasuries. Let’s explain what all will be included in the Newsletter -
MultiSafe Weekly - This will include all the updates including new features, collaborations, product improvements, and all the latest updates on MultiSafe.
What’s new about Crypto Treasuries- All the recent activities and updates on crypto treasuries. This will include the weekly updates as the numbers are Really High!
You can join us and our awesome community members on our Discord channel - Would really appreciate your feedback.
We want to keep our community members updated will all the recent activities happening in the world of Crypto Treasuries.
MultiSafe - Boardroom Collaboration.
We’re excited for the very first collaboration with the Boardroom. This will allow users to get access to all the data of DAO Treasuries in a readable form.
One place to see an overview of DAO Treasury.
Check DAO governance proposal and activities.
See contributors and grantees
Track Transaction history.
Click here to read more about the partnership and the user benefits.
New Feature on MultiSafe
Introducing a Read-only view for DAO treasuries.
Users can now explore other treasuries without login, but they do need to register on the MultiSafe web app. This will help small/ other DAOs to get an idea or an overview of how other DAOs are managing their treasuries.
Change the value while doing Mass Payouts
If users have initially added the team members and even the payment amount. There are times when there can be a change in the payment amount, so once users initiate the transaction there will be an option where users can cross-check the amount and can even edit the paying amount.
Direct Payouts to different people without saving the contacts
Many of our users were paying people only one-time, so the direct payouts are beneficial. Users just need to add the address and payment amount.
Add more - To add more than one address, ‘Add more’ can help you with it.
Change/Edit the company name
Now users can Change/Edit the company name. This is possible even after the Sign Up has been done or at any point in time while you’re using the MultiSafe app.
The flow for doing it - Settings > Profile > Organization Name. The screenshot shared below can give a much more clear idea.
What’s new in crypto Treasury
UMA has come up with the Range Token
UMA is the first to introduce a new Range Token that enables DAO to access funds and diversify their treasury. It aims in a new asset class that will offer a unique risk exposure in Defi. This is something really new that has not been introduced yet in Defi.
An overview of The Range Token -
Range token will allow DAOs to use its native token as collateral to borrow funds.
At maturity, if the debt is not paid, the range token holder is instead compensated with an equivalent amount of the collateral (the native token) using the settlement price of the native token to determine the number of tokens.
Range Token is viewed similar to Convertible debt.
Click here to read more about ‘Why are these tokens beneficial for DAOs Treasury’.
MultiSafe aims to simplify crypto treasury management for Companies & DAOs - built using Gnosis Safe, IPFS & Filecoin.