How to do crypto payroll on Solana with Mean Protocol
Crypto payroll on Solana within minutes with no coding experience required!
Crypto payroll is one of the biggest requests for teams that are in the crypto industry. We’ve created an automated way to setup crypto payroll to pay out in any time interval you want. It takes about 5 minutes to go through and set up. Follow the guide below to find out how to setup crypto payroll on Solana.
Before you get started, we recommend setting up a multisig wallet for your treasury to keep your funds safe and stop bad actors in their tracks from stealing your funds. To learn how to setup a multisig wallet on Solana, click here.
Step 1 — Log in to the Mean app -> https://app.meanfi.com/
Step 2 — Click on “Multisig” Tab
Step 3 — Click on the “Create safe” tab
Step 4 — Create Multsig, name the safe and add signatories. Recommended at least 3 signatories and 2 for approval
Step 5 — Approve safe creation in Solana compatible wallet
Step 6 — Click “View assets” to deposit funds into safe for Crypto payroll on Solana using Mean app. The treasury gets pre-funded with 0.001 SOL, so you can send funds to it, but we recommend you add a little more to ensure you can perform transactions ;)
Step 7 — Click “Create assets” and choose token/s for payroll
Step 8 — Select preferred stable coins or alternative tokens for crypto payroll
Step 9— Click “Money streaming” to setup payroll accounts
Step 10 — Click on “ Create streaming account”
Step 11 — Create a “Streaming account” and deposit preferred tokens to be streamed as crypto payroll
Step 12 — Click on “New proposal” to set up Payroll money streaming
Step 13 — Select “ Money stream” from ‘New proposal’ pop up
Step 14 — Click on “Create stream”
Step 15- Create stream with team members’ details — the public key of Solana compatible wallet, monthly salary amount, and start date of Money stream
Step 16 — Choose payment rate- daily, weekly, monthly or per min, per hour or per day.
Step 17 — Finalize crypto payroll details and confirm
Congratulations! Your crypto payroll on Solana with Mean app is now set up!
Want to pay your team in crypto? Token vesting? Treasury Management? Then you have come to the right place! Get Started By Launching the Mean App -> Click Here
We offer a simple, three-step process for every single token project on Solana that you can do all from the Mean Finance Dashboard.
Setup token vesting fast, and easy with no coding experience using Mean Token Vesting. ->
Pay you and your team with the Mean Payment Streams. ->
Head to our website at https://www.meanfi.com to learn more about how we can help your token project or DAO.
If you have any questions or need help join our Discord and message one of our mods and we will help you get started quickly.
Mean Finance is bringing financial freedom to people and businesses worldwide. Through the Mean Protocol, we provide real-time cash flows and crypto asset management solutions for businesses and institutions. Teams and organizations can easily setup their crypto corporate treasuries, issue investor’s vesting contracts and run their payroll operations with real-time payment streams.
Stay in touch with our progress every week, and join the DeFi revolution by checking our website, joining the Mean DAO Discord, or our official Telegram, and following @MeanFinance on Twitter.
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