🟦Business DeFi Treasury
Your business one-stop shop for digital asset management with enterprise security
Business Safes
Businesses are increasingly getting exposure to crypto in their balance sheet. If you are a crypto-native business, such as NFT projects, a DeFi team, a crypto Market Maker, or a DAO, chances are you have corporate digital assets (aka crypto).
The options are pretty simple:
You hold your digital assets with a custodian (like Coinbase, Binance, or Bitgo)
You self-custody your digital assets on an Externally Owned Account (EOA), also known as "a wallet" (like Phantom or MetaMask)
You self-custody your digital assets on a wallet account with team threshold scheme security (like an MPC or Multisig)
The merits of each are beyond the scope of this page. You can read more about the pros and cons of each here. We are biased and think #3 is the only meaningful way of storing digital assets, mainly using an on-chain account abstraction multisig. And this is where we can help.
One of the disadvantages of multisigs over MPC wallets is that multisigs are chain-bound, while MPCs are chain-agnostic. With MeanFi, you can create and manage your favorite MPC across chains and visualize them all under the same roof.
We refer to corporate on-chain multisigs as Business Treasuries or Business Safes.
Here are some of the benefits of opening a business safe:
Shared responsibility with teammates around access and control of assets
Risk mitigation and protection against wallet software hacks or hardware device attacks
Diversification and derisking against social engineering attacks of corporate digital assets
Simplifies the management of developer resources such as programs and mints
Asset Management
Many users can jointly manage the same account with multiple private keys, enabling decentralized co-ownership for DAOs, groups, and enterprises. With the ability to add new signers, remove old signers, and replace account ownership, the same account is flexible and more secure for future needs.
Part of managing a corporate treasury includes having the ability to deploy capital to DeFi protocols, make swaps, and change the risk and exposure levels the organization has to the different assets it holds in its balance sheet.
This is easy to do securely with your Business Safe, with the peace of mind of having the top-notch security of multiple private keys (multi-sig) and rigorously audited contracts. You have access to all of Solana DeFi and soon to all of DeFi across EVM and SVM chains, with a curated list of highly vetted DeFi protocols and applications to leverage on your treasury.
You can bypass any application restrictions to non-curated protocols by building your custom transactions directly in the Business Safe UI. As always, DYOR, regardless of the route you choose to deploy enterprise digital assets.
Investor Token Vesting
For organizations raising private capital and issuing tokens, it is paramount for you to set up, manage, and access your token cap table as you grow. Investors come and go, and you want to be able to estimate the vesting schedule of each of your investors, onboard new investors, and easily modify the terms.
Your business treasury allows you to do just that by leveraging directly the Token Streaming protocol. Whether you are issuing tokens on a 4-year vesting schedule with a 1-year cliff for your 20 seed investors or airdropping vesting contracts to 10k users that vest exponentially over 90 days, you can do both from within the app.
Follow the guide on the Airdrop Setup to learn how to do this.
Stablecoin Payroll
Productive organizations need people, and people need to eat and buy food, so you need money. So, most organizations pay their employees and contractors for their productive time. However, a big issue for crypto-native organizations and those with crypto exposure in their balance sheet is that they cannot leverage their digital crypto assets to pay their employees, contractors, and vendors.
MeanFi changes this by giving organizations an easy way to do just that. DAOs can leverage their own token to make distributions to contributors on a monthly or weekly basis, and more traditional organizations holding stablecoins in their balance sheet can now pay their employees directly on-chain without having to off-ramp these assets into the fiat world first.
Follow this guide on the Business Payroll Setup to learn how to do this.
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