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Paymagic LabsPRD: DustSweeper (🧹,🧹)
SummaryDustSweeper (🧹,🧹) allows users to swap small balance tokens (”dust”) for ETH without expensive gas transactions. Users just have to approve() the tokens they’d like to sell, and “market taker” bots execute the swap.ETHDenver Finals Demo: View on YoutubeFollow on Twitter: @DustSweeperDAOProblemMany Ethereum mainnet users have low-balance tokens (<$500) in their wallets from old trades, airdrops, and trying out apps back when gas was cheap. They’d like to sell these tokens for ETH to c...
Paymagic LabsIntroducing Patch Wallet
Patch Wallets aren't your typical wallet; you don't download an app or install an extension… Every twitter user, email, phone number…any human...or bot 🤖...has a wallet automatically that only they can access. No onboarding or custodian required. You can view your wallet today at app.patchwallet.com and claim your Patch NFT. You’ll want to be early frens… 😉1 Billion web3 wallets 🌎Our mission is to onboard 1 Billion users into Web3. To do that, we’re taking a radically different a...
Paymagic LabsIntroducing DustSweeper v2
🥳 🧹 🥳 🧹 🥳 🧹We’re proud to announce DustSweeper v2 is ready for its mainnet launch! The new version includes massively expanding token support (from 80 to >5k tokens), major gas optimizations, dynamic pricing, token system preparations, and other features that make Dustsweeper awesome and seamless for our users! Head on over to dustsweeper.xyz to start cleaning out your old wallets! 🧹Where we startedDustSweeper allows users to swap small balance tokens (”dust”) for ETH without expensive...
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Paymagic LabsPRD: DustSweeper (🧹,🧹)
SummaryDustSweeper (🧹,🧹) allows users to swap small balance tokens (”dust”) for ETH without expensive gas transactions. Users just have to approve() the tokens they’d like to sell, and “market taker” bots execute the swap.ETHDenver Finals Demo: View on YoutubeFollow on Twitter: @DustSweeperDAOProblemMany Ethereum mainnet users have low-balance tokens (<$500) in their wallets from old trades, airdrops, and trying out apps back when gas was cheap. They’d like to sell these tokens for ETH to c...
Paymagic LabsIntroducing Patch Wallet
Patch Wallets aren't your typical wallet; you don't download an app or install an extension… Every twitter user, email, phone number…any human...or bot 🤖...has a wallet automatically that only they can access. No onboarding or custodian required. You can view your wallet today at app.patchwallet.com and claim your Patch NFT. You’ll want to be early frens… 😉1 Billion web3 wallets 🌎Our mission is to onboard 1 Billion users into Web3. To do that, we’re taking a radically different a...
Paymagic LabsIntroducing DustSweeper v2
🥳 🧹 🥳 🧹 🥳 🧹We’re proud to announce DustSweeper v2 is ready for its mainnet launch! The new version includes massively expanding token support (from 80 to >5k tokens), major gas optimizations, dynamic pricing, token system preparations, and other features that make Dustsweeper awesome and seamless for our users! Head on over to dustsweeper.xyz to start cleaning out your old wallets! 🧹Where we startedDustSweeper allows users to swap small balance tokens (”dust”) for ETH without expensive...
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This post is the PRD for Paymagic, a hackathon project built as part of EthOnline. A “PRD” is a Product Requirements Document that describes a customer problem in an emerging market, proposes a set of features that meets their need, and provides tangible criteria for measuring success and enabling future product iterations.
If you have feedback, we’d love to hear from you here! 🙏
Paymagic empowers DAOs and crypto teams to send specialized crypto payments, like batch transfers, vesting schedules, streaming, escrow, airdrops, etc, on any EVM compatible blockchain or Layer 2’s.
Blockchains are frequently used for executing special crypto payments, but there’s no simple application for managing them all in one place. DAOs and crypto teams need developers to deploy contracts and execute these payments or distribute rewards, rather than allowing the finance team to handle these tasks.
DAOs & crypto teams want to send specialized crypto payments to reward contributors, pay contractors, issue vesting tokens, and more.
Crypto savvy users want to easily get paid in crypto for their contributions.
The market for DAO tools is exploding! 🚀 And they need simple payment tools for sending a variety of smart contract-enabled payments for their operations but no single, easy-to-use app exists for them. L2s and sidechains open up more usage of crypto payments since the gas cost and transaction time are greatly reduced. Paymagic operates at the intersection of all these trends and seeks to provide the best tools and user experience to support the growth of these markets.
Initial payment types:
Disperse - Send tokens to multiple recipients at once
Great for rewarding followers or paying contributors
Vesting - Create a token vesting schedule for a recipient
Great for vesting tokens over time to your team or investors
Stream - Send tokens continuously by the second
Create real-time subscriptions, salaries, or vesting
Airdrop - Send token rewards for recipients to claim
Reward liquidity providers, users, or communities
Initial network support:
Complete user testing with DAOs and crypto teams to use the application for their operations
Documented conversation with 5 teams
Document 3-5 key learnings from user interviews
Working web app prototype deployed to Polygon
No critical bugs
Average 5 transactions initiated through the web app each week
We built the Paymagic web app to meet the needs of DAOs and crypto teams. We hope you’ll give it a try, send some transactions, and give us your feedback!
For any user feedback, we’ll be compensating you with future tokens or NFTs as the project matures. Send your user feedback here! 🙏
Paymagic was developed by David Eiber, Seth Feibus, and Corbin Page. We hope to onboard more team members and build the project into a DAO over time.
Gnosis Safe support
Better network switching
New Payment types
NFT Airdrops
Private transactions
Different Escrow contracts
New networks
BSC
Optimism
Arbitrum
Paymagic was inspired by the ideas and creations of projects like Disperse.app, SuperFluid, Sabler, MerkleDrops, and many many more. 🙏
Thanks to the users, DAOs, and SMEs that informed the project and contributed to its development. We hope you’ll join the DAO going forward. 💸✨
This post is the PRD for Paymagic, a hackathon project built as part of EthOnline. A “PRD” is a Product Requirements Document that describes a customer problem in an emerging market, proposes a set of features that meets their need, and provides tangible criteria for measuring success and enabling future product iterations.
If you have feedback, we’d love to hear from you here! 🙏
Paymagic empowers DAOs and crypto teams to send specialized crypto payments, like batch transfers, vesting schedules, streaming, escrow, airdrops, etc, on any EVM compatible blockchain or Layer 2’s.
Blockchains are frequently used for executing special crypto payments, but there’s no simple application for managing them all in one place. DAOs and crypto teams need developers to deploy contracts and execute these payments or distribute rewards, rather than allowing the finance team to handle these tasks.
DAOs & crypto teams want to send specialized crypto payments to reward contributors, pay contractors, issue vesting tokens, and more.
Crypto savvy users want to easily get paid in crypto for their contributions.
The market for DAO tools is exploding! 🚀 And they need simple payment tools for sending a variety of smart contract-enabled payments for their operations but no single, easy-to-use app exists for them. L2s and sidechains open up more usage of crypto payments since the gas cost and transaction time are greatly reduced. Paymagic operates at the intersection of all these trends and seeks to provide the best tools and user experience to support the growth of these markets.
Initial payment types:
Disperse - Send tokens to multiple recipients at once
Great for rewarding followers or paying contributors
Vesting - Create a token vesting schedule for a recipient
Great for vesting tokens over time to your team or investors
Stream - Send tokens continuously by the second
Create real-time subscriptions, salaries, or vesting
Airdrop - Send token rewards for recipients to claim
Reward liquidity providers, users, or communities
Initial network support:
Complete user testing with DAOs and crypto teams to use the application for their operations
Documented conversation with 5 teams
Document 3-5 key learnings from user interviews
Working web app prototype deployed to Polygon
No critical bugs
Average 5 transactions initiated through the web app each week
We built the Paymagic web app to meet the needs of DAOs and crypto teams. We hope you’ll give it a try, send some transactions, and give us your feedback!
For any user feedback, we’ll be compensating you with future tokens or NFTs as the project matures. Send your user feedback here! 🙏
Paymagic was developed by David Eiber, Seth Feibus, and Corbin Page. We hope to onboard more team members and build the project into a DAO over time.
Gnosis Safe support
Better network switching
New Payment types
NFT Airdrops
Private transactions
Different Escrow contracts
New networks
BSC
Optimism
Arbitrum
Paymagic was inspired by the ideas and creations of projects like Disperse.app, SuperFluid, Sabler, MerkleDrops, and many many more. 🙏
Thanks to the users, DAOs, and SMEs that informed the project and contributed to its development. We hope you’ll join the DAO going forward. 💸✨
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