👐Introduction
Introduction
The Paymagic Automate API allows DAOs & crypto teams to automate frequent payouts to their community like running payroll, paying out bounties, funding grants, issuing rewards, or reimbursing expenses.
The Automate API is a simple RESTful API that can be used with any web app/Airtable/Notion/Discord/etc so that crypto teams don’t have to spend countless hours formatting transactions or getting multiple signatures and can focus on their core product instead.
The service revolves around a Smart Payout Account which is a customized Gnosis Safe with a 1 of 2 multi-sig threshold where the customer controls one key and Paymagic controls the other. A Smart Payout Account allows automated transaction execution, batching, fraud prevention, gas management, and cross-chain execution.
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