• Fantom Logo
  • Technology Tools Enterprise Ecosystem Developers
  • Fantom DeFi
      • Sub menu

        Intro to Fantom

        Fantom is a fast, scalable and secure platform for digital assets.

      • Sub menu

        Stake on Fantom

        Earn rewards by securing the network.

      • Sub menu

        FTM token

        FTM is the primary token of the Fantom ecosystem.

      • Sub menu

        The Consensus

        Discover Lachesis, Fantom’s ultra-fast consensus protocol.

      • Sub menu

        Opera Chain

        The Fantom mainnet, with staking and EVM support.

    • WALLETS

      • Sub menu

        Fantom Wallets

        Store, send, receive, and stake FTM on desktop, mobile, and hardware wallets.

      EXPLORER

      • Sub menu

        FTMScan

        A new Fantom explorer built by the Etherscan team.

      • Sub menu

        Opera Explorer

        Explore the network transactions, blocks, and nodes on Opera.

      • Sub menu

        OKLink

        OKLink is an alternative explorer for the Fantom network

    • GUIDES

      • How to use Fantom Wallet

      • How to set up Ledger Nano with Fantom

    • Sub menu

      Enterprise

      Discover Fantom’s solutions for enterprise clients.

    • Sub menu

      Solutions

      Take a deep dive in real world use cases.

      • Sub menu

        About us

        Meet the people behind Fantom.

      • Sub menu

        Partners and integrations

        Learn how we're creating a cross-chain ecosystem on our innovative platform.

      • Sub menu

        Blog

        Learn about Fantom through our general and tech articles.

      • Sub menu

        Podcasts and interviews

        Check out all the Fantom related interviews and AMAs.

      • Sub menu

        FAQ

        Do you have questions? We have answers!

      • Sub menu

        Community

        Join our wonderful community and share ideas.

      • Sub menu

        Careers

        Come work with us!

    • Sub menu

      Documentation

      Start building on Fantom

      GET STARTED

      Deploy a smart contract Create a fixed-cap asset Create a local test network GraphQL API docs

      GUIDES

      Set up Metamask Run a validator node
    • Sub menu

      Technical papers

      Read our technical papers and latest research essays.

      Covalent API
      The Graph's Subgraphs
      Verified contracts
      Frontend JS Utilities
      DeFi Smart Contracts
      Developers’ chat
Fantom Logo
menu
Fantom Logo close
  • Technology
        • Sub menu

          Intro to Fantom

        • Sub menu

          Stake on Fantom

        • Sub menu

          FTM token

        • Sub menu

          The Consensus

        • Sub menu

          Opera Chain

  • Tools
      • WALLETS

        • Sub menu

          Fantom Wallets

        EXPLORER

        • Sub menu

          FTMScan

        • Sub menu

          Opera Explorer

        • Sub menu

          OKLink

        GUIDES

        • How to use Fantom Wallet

        • How to set up Ledger Nano with Fantom

  • Enterprise
        • Sub menu

          Enterprise

        • Sub menu

          Solutions

  • Ecosystem
      • Sub menu

        About us

      • Sub menu

        Partners and integrations

      • Sub menu

        Blog

      • Sub menu

        Podcasts and interviews

      • Sub menu

        FAQ

      • Sub menu

        Community

      • Sub menu

        Careers

  • Developers
      • Sub menu

        Documentation

      • GET STARTED

      • Deploy a smart contract

      • Create a fixed-cap asset

      • Create a local test network

      • GraphQL API docs

      • GUIDES

      • Set up Metamask

      • Run a validator node

      • Covalent API

      • Verified contracts

      • DeFi Smart Contracts

      • The Graph's Subgraphs

      • Frontend JS Utilities

      • Developers’ chat

      • Sub menu

        Technical papers

blog-image
July 21, 2022

LlamaPay Arrives on Fantom

Announcements

Web3 has revolutionized commerce by facilitating micropayments, allowing employees to receive pay for their labor in real time—not twice a month. 

With DeFiLlama’s LlamaPay, employers can now automate their payroll processes and incorporate real-time payment streams. Already trusted by multi-chain teams Yearn and Beefy, LlamaPay has now been adopted by native Fantom ecosystem protocols such as SpookySwap, Morpheus Swap, and Solar Protocol.

 

“LlamaPay streamlines contributor pay in effortless fashion,

forcing devs to actually do something rather than spend their time tracking payroll.”

– Morpheus Swap

 

Now, you can receive your payment in the same way you work: in real time. LlamaPay allows employers and protocols to automate transactions, streaming them by the second. Recipients can then withdraw these funds in real time, starting the moment the payment stream is created.

 

“As an employee on the receiving end, it’s been great.

The funds are available whenever I want to withdraw them and I don’t have to worry about if or when I’ll get paid.

For the team itself, it’s been a huge weight lifted and it’s reduced a lot of unnecessary friction.”

– Owen Palmer, Business Development at SpookySwap


How Solar Protocol Reclaimed Their Technical Resources

Prior to switching to LlamaPay, Solar Protocol used their own salary distribution contract they had built in-house.

The Struggle

Their previous salary distribution contract required arduous maintenance, particularly when adding new tokens or employees—it often meant one or more of their smart contract developers had to stop working on the core project for at least a week.

Using their own contract also introduced security vulnerabilities. It was real money on the line, so they had to spend time and resources researching possible exploits and edge cases in which money could get stuck.

Those weren’t the only aspects that sidetracked their developers away from working on the core technology.

In addition, because the contract didn’t have a front end, it introduced confusion for the rest of the team as to how much they were getting paid and when. This also applied to the person dispersing the funds, who wasn’t versed in smart contracts or how to interact with them.

To mitigate this, the Solar developers had to build an interface to visualize certain aspects of the contract: the amount of tokens to distribute, how much each wallet was set to receive, and more.

LlamaPay to the Rescue

With LlamaPay, all of these issues went away.

Even with the custom front end they had previously built, the Solar Protocol developers were still reliant on the contract owner manually sending the funds each week, and it took them an entire week of developer resources just to get the contract up and running.

With LlamaPay, it took them five minutes to set up all the streams and send the money to the contract.

Even when they came across an issue with the integration, they weren’t alone—the Solar developers contacted the LlamaPay team and resolved the issue within twelve hours.

Now, payments are automated, the rest of the team has full insight and visibility into when and how they’ll get paid, and Solar Protocol’s core development team can focus on what they do best: building their own product.

About DefiLlama

DefiLlama is the largest TVL aggregator for DeFi (Decentralized Finance). Their data is fully open-source and maintained by a team of passionate individuals and contributors from hundreds of protocols.

Their focus is on accurate data and transparent methodology.

They track over 800 DeFi protocols from over 80 different blockchains.

Contact them on Twitter or Discord

 

Read more

Card image cap
New Fantom Wallet is Here!
READ STORY
Card image cap
Fantom General Update | March 13, 2023
READ STORY
Card image cap
Mayor Bimps – Fantom Community Spotlight
READ STORY
Card image cap
New Fantom Wallet is Here!
READ STORY
Card image cap
Fantom General Update | March 13, 2023
READ STORY
Card image cap
Mayor Bimps – Fantom Community Spotlight
READ STORY
  • Technology
    • Intro to Fantom
    • Stake on Fantom
    • FTM token
    • The Consensus
    • Opera Chain
  • Tools
    • Fantom Wallets
    • Opera Explorer
  • Enterprise
    • Enterprise
    • Solutions
  • Ecosystem
    • About us
    • Partners and integrations
    • Blog
    • Podcasts and interviews
    • FAQ
    • Community
    • Careers
    • Media kit
  • Developers
    • Documentation
    • Technical papers
    • Covalent API
    • Verified contracts
    • DeFi Smart Contracts
    • GraphQL API
    • Frontend JS utilities
    • Developers’ chat
Social
  • Twitter
  • Discord
  • Telegram
  • Telegram ANN
  • Reddit
Fantom Logo

© 2023 Fantom Foundation

  • Cookie Policy
  • Privacy Policy
  • Terms of Service
  • Cookie Policy

The information on this website is for informational purposes only. It contains high-level summaries and is not intended to include all material information regarding the Fantom ecosystem and risk factors associated with holding FTM.