TL;DR
Use Sablier for Olympus DAO’s payroll and token vesting.
What is Sablier?
Sablier is a token distribution protocol available on multiple EVM chains, including Ethereum, Optimism, Arbitrum, and Polygon. Our origins trace back to 2019, when we built the first ever implementation of money streaming on Ethereum. Although continuous payments are what we're known for, today Sablier is capable of supporting any kind of distribution curve (e.g. weekly unlocks).
Hundreds of organizations like Shapeshift, Nouns DAO, VitaDAO, and Reflexer use Sablier for vesting, payroll, airdrops, and more. In total, more than 42k Sablier streams have been created.
How does Sablier work?
The sender of a payment stream first deposits a specific amount of ERC-20 tokens in a contract. Then, the contract progressively allocates the funds to the recipient, who can access them as they become available over time. The payment rate is influenced by various factors, including the start and end times, as well as the total amount of tokens deposited.
For more details, please visit our website and our documentation.
Why should Olympus DAO use Sablier?
Sablier is entirely free to use and is a proven solution with a median monthly TVL of $174M between 2021 and 2023 (according to DefiLlama).
In terms of features:
End-to-end user experience: we offer a platform for both senders and recipients to monitor and manage their outgoing and incoming streams. Every stream is associated with a unique link, which makes it easy to share the status of a stream with other people.
Automation: setting up the streams only has be done once. You provide the total duration of the stream (e.g., two years), and that's all, no further actions are required from you. Treasury admins do not have to initiate monthly transactions anymore.
Flexibility: the payment granularity can be continuous (every second), discrete (every day, every week, etc.), or even non-linear (custom unlocks, exponentials, etc.). Cliffs are supported, too.
Bulk payments: it is possible to create up to ~100 streams with one transaction.
Cancelability: streams can be either cancelable or non-cancelable. If cancelable, the sender can recover the unstreamed funds if an employee/contributor leaves or certain KPIs aren’t met while the stream is still running.
NFT representation: every stream is wrapped in an NFT owned by the recipient. The NFTs are visually represented as on-chain generated hourglass SVGs, and they can be deposited in third-party protocols and transferred to other wallets.
Flexibility: streams can by created via our interface, by manually calling our contracts, or via our Safe multisig app, making Sablier an excellent fit for any set up.
Conclusion
Sablier is a protocol that has stood the test of time and that can provide DAOs like yours with a great web3-native solution for payroll and token vesting. We would love for you to become a Sablier user.
Thank you for considering us.
Technicals
Deployments: our contract addresses can be found in the docs.
TVL of $123M+ according to DefiLlama across all versions of the Sablier protocol, as of Nov 9, 2023. Between 2021 and 2023, the median monthly TVL has been $174M.
Security: two audits from Cantina, plus five other audits from individual auditors and other auditing firms. Sablier has never been hacked since its inception in 2019. We obsess over testing and security, and value code consistency and best practices. You can read about our coding practices here, and see some praise here, here and here.
Control: Sablier is a permissionless protocol. There are some peripheral parameters that can be configured through a multisig, but the core part of the protocol is decentralized and non-upgradeable. Crucially, we have no access to user funds. See our governance page in our docs for more info.
