Last week we announced the newest contract to the Splits ecosystem - Swapper. It lets you specify the token you want to receive, regardless of what you’re sent. It does this by automatically swapping any tokens (ETH or ERC20s) it receives into a predefined output token. For more details, check out our launch post, Introducing Swapper.
We’re thrilled to launch this publicly; it’s been a long time in the making. And what we’re arguably more thrilled about are all the new uses cases this modular contract unlocks. To this end, we also announced Diversifier, which stacks a Split and Swapper(s) together to create a wallet that auto diversifies any income stream before funds hit your account.
For creators, this means you can create a tax withholding wallet that swaps 40% of your income to USDC (or any stable coin) and set aside for taxes, with the remainder going to your hot wallet. We wrote about this use case in the Introducing Swapper launch post, so please check it out and let us know what you think.
- We began the migration to splits.org. We can’t migrate everything just yet since we have a few product features we’re still building that will make this process seamless for users, but over time you’ll see more of our brand move over to our new domain.
- We added the ability to sponsor Splits on all chains. Previously this was only supported on mainnet, and now it’s supported on all chains supported by the UI (full list is here).
- We also fixed a number of bugs, including incorrectly showing “Account not found” due to a subgraph query limit, and implemented a number of design updates.
Over the next few months, we’re going to be investing heavily into the product and user experience. Now that more of the “building blocks” are in place from a smart contract standpoint (ie Split, Swapper, Waterfall) we're going to be doubling down on the app to ensure deploying and using these building blocks in creative ways is seamless.