Why Warbler Labs trusts Liquifi to automate token rewards for community members

Goldfinch is a decentralized lending protocol with more than $100 million in active loans, fully collateralized off-chain. Since 2020, Goldfinch has been expanding financial access for people in emerging markets. Looking forward to a token generation event (TGE) in 2022, Warbler Labs (the core development team supporting the Goldfinch protocol) wanted a one-stop-shop to automate token vesting for community grants while maintaining the highest standards of security.

Liquifi is the easiest solution to facilitate web3 community grants, automate token vesting, fulfill compliance requirements, run airdrops, distribute investor funds, and manage documentation.

“Once you plug into Liquifi, you can be hands-off. Because Liquifi exists, I don’t have to become a specialist in airdrops and transaction security. Simple operational things like HR and finance get very specific when building in the decentralized world.”

The Challenge

Warbler Labs needed a turnkey solution for a crypto airdrop to reward early adopters for participating as community members and borrowers. 

Before Liquifi, Warbler Labs handled token disbursements through multi-signature Gnosis Safes. Although this is a popular and secure method, we see it as too unscalable. It requires you to collect wallet addresses from individual beneficiaries, execute each transaction manually, maintain detailed records, oversee compliance, herd authorized signers, and distribute funds perfectly throughout each vesting schedule. 

If something goes wrong at scale, imagine the customer service nightmare and community outrage that would ensue. Because on-chain transactions are irreversible, mistakes are forever.

“We needed to ensure customer satisfaction - meaning no delays and smooth UX. We wanted both more security and less friction. Liquifi delivered and saved us the headache.”

The Solution

‍We created an end-to-end system that frees up time and offloads risk while automating token administration and compliance. With Liquifi, you can:

• Track vesting schedules automatically
• Easily manage bulk wallet addresses and verify them through automated test transactions
• Streamline compliance by using integrated KYC/AML screening checks for token recipients
• Provide greater transparency to stakeholders to view their token rewards and payout schedules
• Minimize mistakes and collaborate with other stakeholders when creating and reviewing token grants
• Create an administrator dashboard for management of the airdrop in real time
• Keep detailed records for financial reporting and reconciliation

“Partnering with a specialist rather than building an in-house solution was the right choice.”

The Experience

Onboarding took two weeks and testing was a big priority. We helped with the airdrop announcement by creating a self-service guide for the Goldfinch community. We automated the onboarding process for airdrop beneficiaries and gave them clear visibility into their funds, vesting schedule, and how token transfers work. 

You could see the impact in time saved, liability reduced, and processes optimized for finance, human resources, and operations. The alternative would have been to get governance council members - senior individuals whose time is in high demand - to approve routine transactions using clunky web3 applications. 

‍“We had a great onboarding experience and appreciated how hands-on Liquifi was. We felt supported by the team and if there was any issue, they stepped up quickly.”

Liquifi's token reward system was easy to use, providing the security and compliance to be above board. Goldfinch was able to save time and resources. Their community members were happy with the transparency and ease of use of the airdrop process. If you are a web3 community looking for a solution to automate token vesting, Liquifi is a great option.

If you're looking to automate your token grants or airdrops for your community members, book a call with the sales team at Liquifi.