0xSplits

0xSplits

Protocol

0xSplits is a trustless, composable, and gas-efficient protocol for splitting onchain income. Whenever a Split receives funds, each recipient gets their share. Simple enough for friends, secure enough for anons.

Start:

Dec 12, 2023 00:00:00

Ended:

Dec 30, 2023 00:00:00

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Blockchain Network:

Ethereum

Token Type:

ERC20

Category:

Protocol

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About 0xSplits

What is 0xSplits?

0xSplits is a trustless, composable, and gas-efficient protocol for splitting onchain income. Whenever a Split receives funds, each recipient gets their share. Simple enough for friends, secure enough for anons.

At the core of the protocol are Splits and Recipients. A Split is a smart contract that receives and distributes incoming funds to the Recipients. A Recipient is any address (externally owned account or smart contract) that earns a portion of the Split’s income. When a Split earns income, each Recipient receives their share.

0xSplits Unique Features

  • Splits are fully composable on both input & output. Each Split is a payable smart contract that can directly receive ETH & ERC20s from any EOA or SC. Each Recipient is also just an Ethereum address (EOA or SC) for which third-parties may execute withdrawals. With full composability on both ends, Splits is an effective routing layer within any workflow.
  • Splits maximize gas efficiency by batching expensive operations & commingling funds. Gas needed to distribute funds is borne by ownership or covered by a third party, eliminating dust and allowing even the smallest Recipient to withdraw their share.
  • Each Split exists entirely onchain and the actions necessary for the protocol to operate are incentivized & permissionless. With no trusted third parties, infrastructure dependencies, or upgradable contracts, you can be sure each Split will continue to operate for as long as Ethereum exists.

Usage

Splits are valuable whenever you want to allocate percentages of onchain income to different parties. We believe a composable, gas-optimized, easy-to-use splitter contract is an important primitive that will help usher in a new wave of onchain collaboration & giving back. Here are a few ways 0xSplits is being used:

  • Onchain Collaboration: Income from minting NFTs & royalties from secondary sales can be pointed to a Split’s address. From then on, each Recipient will receive their portion of future income without the need for any manual disbursements or ongoing maintenance.
  • Giving Back: Rather than listing a single donation address for an open source project and trusting one of the contributors to disperse the proceeds, the developers may simply create a Split and have it receive donations. All future donations will be automatically distributed amongst the contributors. The developers may also grant a multisig the ability to modify the Split, allowing them change the Split’s composition in the future as collaborators change.

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