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Vinay Vasanji
@vinayvasanji.eth
I agreed to profit share a specific initial $ amount of profit to an investor in my OtoCo onchain LLC To set this up in meatspace would have required a bunch of lawyers, docusigns, and overhead like tracking and distributing funds Onchain, I simply setup a Recoup on @splits https://docs.splits.org/templates/recoup
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justin.framedl.eth
@ahn.eth
this is cool, does the revenue need to come onchain, in crypto, in order to be trustlessly applicable? (will need to peruse through these docs 😅)
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Vinay Vasanji
@vinayvasanji.eth
Yes, though if you really wanted to get creative you could get meatspace revenue, and onramp it to the smart contract (USD->USDC) and then it would still work as intended. As long as the recipients are OK with that
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