Alluo Explained
  • Welcome
    • 🧭 The Basics
  • Getting Started
    • πŸ’» The DeFi Web App
      • ❓ Connecting to the app
      • 🚜 Depositing into the farms
      • πŸ™Œ Other basics
      • 🏦 Importing your Mobile app wallet to Metamask
      • 🧬 Add the polygon network manually in Metamask.
      • ⛓️ Bridging Stablecoins from another chain
    • πŸ“±The Mobile app
      • πŸ—οΈ Setting up your account
      • 🏦 Depositing money into the app
      • πŸ™Œ Other basics
      • πŸ” Exporting your private key
    • πŸ“–Tech deep dive: Contract Address Library
  • Understanding Alluo
    • πŸ’΅ How does Alluo get the yield?
      • 🐰 Going deeper into the Alluo protocol rabbit hole
    • 🧐 FAQ
  • Tokens & Tokenomics
    • πŸͺ™ The tokens
    • πŸ‘¨β€πŸ”¬Tech deep dive: Interest Bearing {asset} token
      • Depositing
      • Withdrawals
      • IbAlluo on different chains
      • StIbAlluo and Superfluid
        • A closer look at the integration between IbAlluo and StIbAlluo
      • Using the IbAlluo contract directly to create streams
      • Liquidity Handler and adapters
        • Deposit process with the Liquidity Handler
        • Withdraw process with the Liquidity Handler
    • πŸ“ˆ Tokenomics
    • πŸ‘¨β€πŸ”¬Tech deep dive: Boosting yield by compounding rewards
      • Deposit into the Vault
      • Withdraw from the Vault
      • Redeem rewards
      • Automatic boosting with Alluo
      • FraxConvex Vaults
      • Managing withdrawal requests in IERC4626
  • Decentralisation and Trust
    • πŸ—³οΈ Trustless governance and execution
    • πŸ‘¨β€πŸ”¬Tech deep dive: Vote Executor Architecture
      • Off chain votes to on chain data
      • Onchain data verifcation
      • Automated execution of votes
        • Tokenomics
        • Liquidity Direction
        • Setting APYs on farms
      • Cross chain execution of votes
      • Manually submitting vote results onchain
    • ↔️Alluo Exchange
      • Interacting with the Exchange
    • vlAlluo Architecture
    • Contracts upgrades
    • Investment strategies
      • πŸ“ˆFrax Convex Finance
        • Adding new pools into the strategy
        • Investing into a pool
  • More Advanced Features
    • πŸ” Repeat payments, streaming IbAlluo
  • Product Updates
    • πŸ‘Œ Product Roadmap: Building the right products
    • πŸ’» Web App releases
    • πŸ“± Mobile App releases
    • 🏎️ Alluo Boost
  • tutorial projects
    • Example: USDC to streaming 1 IbAlluo per second
    • Example: Using IbAlluoUSD and Ricochet to do capital efficient DCA into ETH
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On this page
  • Introduction
  • 🧭 Context: What is streaming?
  • πŸ’Έ What’s Alluo’s involvement here; yield-bearing streams?
  • 🀯 What does this mean?
  • 🧐 How do I access streaming?
  1. More Advanced Features

πŸ” Repeat payments, streaming IbAlluo

πŸ’‘ This page talks about our streaming interest bearing tokens and how organisations can save $money every month through using them

PreviousInvesting into a poolNextπŸ‘Œ Product Roadmap: Building the right products

Last updated 2 years ago

Introduction

If you’re here we assume you’ve read the , our mobile and web apps and are looking to dig deeper still.

🧭 Context: What is streaming?

The traditional banking world is geared around daily, weekly, monthly and annual timeframes. Banks are open during business hours across the workweek. Salaries are often paid weekly or monthly and many transfer money to relatives or pay for services on a monthly or annual basis.

In turn, many people set up a form of recurring transaction (e.g. a standing order) to cover these repeated payments.

In the web3 world, it is possible to do more to control your payments and various companies have created streamable protocols.

Streams can be used to describe cash flows and execute them automatically on-chain over time with just a single transaction. So for example, you can create a stream in one transaction that will send someone $1000 over the next 100 days and it will stream it to them by the second at the rate of $10 per day.

πŸ’Έ What’s Alluo’s involvement here; yield-bearing streams?

Alluo has partnered with Superfluid (a leading asset streaming protocol that enables Web3 native subscriptions, salaries and rewards for DAOs and crypto-native businesses) to create streamable yield bearing Alluo tokens .

With Yield-Bearing Streams, this means that as funds are being streamed from wallet A to wallet B, they continue to compound at a given APY and remain invested during the entire streaming process until the moment the user wants to convert some or all of the stream back to a stablecoin.

🀯 What does this mean?

Because the stream is interest-bearing, the sender of the stream can reduce the amount of money they need to send to the recipient. Yet, the stream recipient will still receive the full amount owed.

For example, if a DAO wants to pay a contributor $5,000 a month, today they only need to deposit $4,971.89 into Alluo each month. They can then stream this IBAlluoUSD to their contributor and their $4,971.89 will continuously compound at 7% throughout the month. At the end of the month their contributor can withdraw $5,000 USDC.

That means the DAO can save approximately $28 each month for each contributor, simply by benefitting from the future yield that will be generated by the protocol.

🧐 How do I access streaming?

For more technical information, please follow the links below:

We'll soon be launching streaming directly from the Alluo mobile app and a very exciting AutoInvest where you can use streaming to dollar cost average buy interest-bearing ETH and BTC πŸ‘€. So watch this space!

Currently, you can stream IBAlluoxxx using our partners and , or by interacting with the contracts directly.

basics about Alluo
Superfluid
Richochet Exchange
StIbAlluo and Superfluid
Example: USDC to streaming 1 IbAlluo per second