Sablier is a pioneering token distribution protocol built on Ethereum that enables real-time, by-the-second payments for cryptocurrencies, particularly ERC-20 tokens. Launched in 2019, it utilizes a set of immutable smart contracts to facilitate continuous asset streaming, allowing users to receive payments incrementally rather than in lump sums. This method enhances financial flexibility and reduces reliance on intermediaries, promoting a permissionless environment where anyone can create and manage payment streams without restrictions, making it an innovative solution in the decentralized finance (DeFi) landscape.
- Custom Distributions: Users can create various distribution models, including linear streams, cliffs, monthly unlocks, discrete unlocks, and timelocks, allowing for tailored payment schedules to meet specific needs.
- Bulk Streams: The protocol enables the creation of multiple payment streams simultaneously, streamlining processes for payroll, airdrops, and other distributions, saving time and effort.
- NFT Hourglass: Each payment stream is represented as an ERC-721 NFT owned by the recipient. This feature allows streams to be used as collateral in lending protocols, integrating Sablier into the broader DeFi ecosystem.
- Permissionless Access: Sablier is decentralized and permissionless, granting users complete control over their funds without the need for intermediaries. Only the sender and recipient manage the streamed assets.
- Security and Auditing: The protocol has undergone extensive testing and audits by multiple security firms, ensuring its robustness and reliability. Since its launch in 2019, Sablier has maintained a strong security record with no incidents reported.
- Vesting: Automates the token vesting process, allowing gradual release over time, reducing manual effort and errors.
- Payroll: Enables real-time salary streaming, providing immediate access to earnings and enhancing employee satisfaction.
- Airdrops: Streams tokens gradually to recipients, encouraging long-term engagement and reducing immediate sell-offs.
- Grants: Efficiently distributes grants over time, ensuring accountability and allowing for stream cancellation if needed.
- Bulk Streams: Facilitates the creation of multiple payment streams at once, simplifying administration for organizations.