Parcel is a treasury management and compensation tool that can manage fund outflows for a DAO. Parcel works with over 200 DAOs (as of Dec 2021), including prominent ones like FWB, Compound Grants and Aave Grants DAO.
Disbursement and compensation for DAOs can be a challenge, especially when there are multiple contributors with varying levels of contribution. Parcel helps alleviate the current pain point of the manual disbursement process.
Users are prompted to connect their wallet, then create a new Gnosis Safe or import an existing one. For creation of a new safe, users are asked to enter the multisig owners’ names and wallet addresses.
Once a safe is created, users can transfer funds in and out of the safe. Parcel supports ETH and ERC-20 tokens.
For outflows (i.e. disbursement), Parcel supports the following functionalities:
Parcel alleviates the headache of compensation by making it easy for DAOs to process bulk payouts. It has user-friendly features such as an automated, recurring pay schedule as well as multi-currency payout.
The tool is fairly new and as such, some basic functionalities are lacking. These include a mobile-friendly interface as well as general documentation around the project. On the other hand, the Discord server is well run with almost real-time support available.
Users can demo the app by providing test accounts on the Rinkeby network. Switch your wallet to Rinkeby, then go to beta.parcel.money to play around using test network ETH.
