Paydrip

PayDrip

Overview

PayDrip is a Payroll Streaming protocol where salaries are streamed per-second. Unlike others, funds are stored in a Yield-Bearing Vault (USDY/Ondo Finance) earning ~5% APY. The employer earns yield on unpaid payroll, and employees see their balance grow in real-time.

Problem

Traditional payroll systems are built on outdated banking infrastructure, leading to significant economic friction for both employers and employees:

• Dead Capital (Opportunity Cost): Companies hold massive amounts of capital in stagnant bank accounts for 30 days to prepare for monthly disbursements. This money sits idle, losing value to inflation instead of working for the company.

• The Liquidity Gap: Employees provide value every hour, yet they are forced to wait weeks to access their earnings. This "liquidity friction" often leads to financial stress and a reliance on high-interest payday loans for emergencies.

• Inflationary Erosion: In a traditional setup, the "Time Value of Money" is ignored. Neither the employer nor the employee benefits from the capital while it is waiting to be processed.

• Opaque and Rigid Infrastructure: Conventional payroll is a "black box." It is slow, prone to administrative errors, and lacks the transparency that modern digital-native workers expect.

Solution

PayDrip reinvents payroll by merging Real-Time Streaming with Real-World Asset (RWA) Yield, creating a win-win financial ecosystem:

• Per-Second Payroll Streaming: PayDrip breaks the monthly cycle. Salaries flow in real-time, every second. Employees can watch their balance grow live and withdraw any amount instantly, providing ultimate financial freedom.

• Yield-Bearing Vaults (Powered by USDY): Unclaimed payroll funds aren't just sitting there. They are automatically deposited into a vault backed by USDY (Ondo Finance), a tokenized note secured by US Treasuries.

• The "Earn While You Pay" Model:

  • For Employers: The payroll treasury generates a steady ~5% APY on funds that haven't been streamed yet. Payroll shifts from a pure expense to a yield-generating activity.

  • For Employees: Salaries are held in a secure, yield-bearing stablecoin. Their hard-earned money maintains its purchasing power through RWA backing.

• Institutional-Grade Security: By utilizing US Treasuries via Ondo Finance, PayDrip bridges the gap between the high-yield efficiency of DeFi and the battle-tested security of traditional finance (TradFi).

• Autonomous & Transparent: Powered by smart contracts on the blockchain, the entire process—from streaming to yield distribution—is automated, trustless, and verifiable 24/7.

Difference

Contract Address

• PayDrip : https://mantlescan.xyz/address/0xa2759481ddb872f60f8f573cd34cba9979b85804

• USDY : https://mantlescan.xyz/address/0x5bE26527e817998A7206475496fDE1E68957c5A6

• Mock PayDrip : https://mantlescan.xyz/address/0x0053cB96FbE981CaF03211b9D1EC54E79971abc9

• Mock USDY : https://mantlescan.xyz/address/0x8A13E1D1DB9aA88a1a7711077D454e66273FC627

Links

• Frontend : PayDrip FE Github Repository

• Smartcontract : PayDrip SC Github Repository

• Website : PayDrip Website