- Crypto / Web3
The goal of the Payroll is to address the needs of organizations seeking to establish transparent payment processes within a specific timeframe. Its primary objective is to develop a contract that empowers individuals to configure and generate their own payroll system.
The ownership of the payroll contract resides entirely with its creator, who can be a DAO address, a multisig, or an individual. This contract operates by managing a treasury, from which all payments are deducted. The system comprises a base amount and a multiplier associated with the payees' addresses.
For example, let's consider a payroll contract designed to pay developers' salaries. It includes a base amount and a multiplier based on the employee's seniority level. Alice is a junior employee with a multiplier of 1, while Bob is a senior employee with a multiplier of 2. With a base amount of 1000, the payroll contract allows Alice to claim 1000 units, and Bob to claim 2000 units during each payment period.
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