Coinshift

Coinshift

Coinshift.JPG
Type	Private company
ISIN	🆔
Industry	Finance
Fate	Operating
Founded 📆
Founder 👔	Tarun Gupta
Areas served 🗺️	Worldwide
Services	Treasury management
Members
Number of employees	10+
🌐 Website	coinshift.xyz
📇 Address	India
📞 telephone

Coinshift is a Treasury Management platform that helps DAOs & Crypto organizations seamlessly manage their treasuries. Organizations can manage multi-signature accounts, run payroll and pay multiple people in one click saving up to 90% on gas fees, manage teams & people, and manage accounts using transaction notes & CSV exports.

Mission

Coinshift's mission is to build the most sophisticated multi-chain crypto treasury management platform for DAOs & companies. They are solving core facets of a treasury management solution:

• Cash Management
• Asset Management
• Risk Management
• Reporting

The company has generated 3043 safes, $90,801,962 payouts, and $1,222,262,328 in total assets.

Background

Launching Coinshift V2 on mainnet in June 2022 is an evolved version of V1, which helps Treasury managers and sub-DAO committees efficiently consolidate all the safes across networks and seamlessly see the whole Treasury Balances. Additionally, users will have global access to contacts, Labels, budgets, reporting, and advanced access level control between safes, signers, & non-signers.

By May 2022, Coinshift had surpassed 1.2 billion in assets managed with more than 80 million in Payouts. Its users include Uniswap Grants, Balancer Grants, Messari, Maker DAO, Biconomy, Polygon, Perpetual Protocol, Charged Particles & more.

Notability

Coinshift V1 is mainnet live, which includes functionalities like:

• Multi-signature accounts — Powered by Gnosis safe, collaborate seamlessly to confirm and execute transactions.
• Define an organization structure and specify salaries for each individual employee with end-to-end data encryption.
• Execute one-click mass payouts, making it easy to run payroll or pay to a larger group of grantees, along with saving time and gas fees. Organizations can save up to 90% on gas fees.
• Manage Accounting seamlessly using transaction notes & CSV exports.
• Create spending limits by adding a beneficiary address and process smaller transactions without multi-sig approvals.
• Seamlessly Swap Treasury Assets directly from multisig treasury with token approvals and swap execution in one transaction — powered by Paraswap.

Gnosis Safe

Coinshift V2 is the most simple, flexible, and efficient Multichain Treasury Management Platform for DAOs & Companies using Gnosis Safe.

• Users can manage multiple Gnosis Safes on multiple chains under one organization to save a lot of time and achieve transparency in treasury ops.
• Users will have advanced roles and permissions and seamlessly elect admin, moderator, and members to offload off-chain ops.
• Users can Transaction create Proposals as Non-Signers leading to efficient Treasury Ops for DAO leads, Head of Finance & Founders.
• Users can easily do Multi-token & NFTs Mass payouts, Stream Payments, and Automate salaries with built-in Transaction Batching.
• Users can deploy custom asset allocation strategies with built-in tagging and reporting.
• With the transaction batching solution, users can save a considerable amount of time & gas fees on deposits, withdrawals, token approvals, etc. while interacting with DeFi Protocols.

External Links

• Official Website
• Official LinkedIn
• Official Twitter

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