Decentralised autonomous organizations – DAOs – can onboard and pay their members around the world, at scale, using Deel. Deel is a leading global compliance and payroll solution that helps businesses hire anyone, anywhere. Its customers can hire independent contractors and full-time employees in over 150 countries, compliantly with just a few clicks in minutes.
Why is Deel the perfect partner for DAOs?
While DAOs have grown in popularity, many have issues hiring and paying their members at scale, globally. Deel’s capability hopes to pave the way for more growth and widespread adoption of DAOs. Organisations such as Endaoment and ReadyPlayer
DAOs have been called “the ultimate combination of capitalism and progressivism.” They’re unique because they’re businesses that run on blockchain and participate in decision making.
They tend to manage blockchain-based initiatives or make investments by pooling resources among a group of people. DAOs have similar properties as corporations, but because they operate outside of the traditional company legal structure, they can move faster. This setup has huge benefits but also makes it harder to hire and pay members compliantly.
Deel’s tech can solve this problem, its self-serve platform gives firms the option to pay people in USDC, removing the need for a bank account to transfer funds. Deel’s hiring infrastructure is also compliant with DAOs’ various governing rules and community goals.
What are the stakeholder thoughts on Deel?
“We want everyone to find the best opportunities out there, and for organizations to find the best talent. We hope that by empowering DAOs to hire and grow, we can pave the way for greater mainstream adoption,” said Alex Bouaziz, co-founder and CEO of Deel.
“At Endaoment, it takes a global team to help us facilitate crypto donations to nonprofits across the US. Deel has been essential to building that global team. The platform is easy to navigate and reliable. We can trust that our employee contracts comply with regional regulations and focus instead on our mission to create a public good infrastructure on the Ethereum blockchain,” said Zach Bronstein, Chief Operating Officer of Endaoment.
Gaming DAO ReadyPlayerDAO says: “We’re convinced that blockchain gaming will onboard the next wave of users into Web3. DAOs serve a unique function within that ecosystem by providing community, liquidity, and organization to this expanding global revolution.”
“In order to be effective, DAOs need powerful and innovative tools that enable them to maximize the efficiency and impact of their membership. RPD is proud to be a Deel user and has found their product to be an elegant solution for the hiring challenges that DAOs face.”