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Parcel

Public
Investing
Multi-feature Platform
Recruiting
Contribution & Compensation
Governance & voting
Knowledge Management
Marketing
Community Management
Token Gating
Treasury Management
Fundraising
Token Creation

Parcel enables DAOs to execute multisig, multi-token mass payouts both on a one-off and automated, recurring basis

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Founder(s):  
Anubhav Girdhar
This post was written by 
Joe Rhew
and edited by 
Yu
 & 

Overview

What is it?

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.

What problem does it solve?

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.

How does it work?

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:

  • Multisig requirement before triggering transfer
  • Mass payout using CSV upload
  • Support for payout in ETH and ERC-20 tokens
  • Ability to choose between automated recurring payouts and one-off payouts
  • Batched payouts to save on gas fees
  • Spending limits for individual beneficiaries

How do I use it?

DAO Masters Insights

Why it's cool:

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.

Challenges:

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.

Words of advice:

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.

Expected future updates:

  • Yield optimization: Ability to earn interest on treasury funds
  • Strategic asset management: Enablement of treasury diversification and token buybacks
  • Responsive mobile site

Getting Started

  • Join the Discord
  • Get on the Rinkeby network (an Ethereum test network). Learn more here
  • Go to the Beta app with your test account and play around
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and to the $DAOMSTR Guild Members who worked dilligently to bring you daomasters.dyx