Understanding that one size doesn't fit all, Rover Finance has integrated a high degree of flexibility into its protocol. While continuous settlement offers numerous advantages, there are scenarios where traditional lump-sum payments might be more appropriate or preferred.
Employer's Perspective
Employers can choose the mode of payment based on the nature of the job, the duration of the project, or even the preferences of the employees or contractors. For instance, for long-term projects or permanent roles, an employer might opt for the traditional lump-sum method. However, for short-term tasks, gig-based roles, or roles with variable hours, continuous settlements can be more apt.
Employee's Perspective
Employees and contractors, on the other hand, can negotiate or choose their preferred mode of payment. Someone who values steady, predictable income might opt for lump-sum payments. In contrast, those who value immediate liquidity, especially freelancers or gig workers, might prefer continuous settlements.
Hybrid Models
Rover Finance's platform is versatile enough to support hybrid models. For instance, a base salary could be paid as a lump sum, while bonuses, commissions, or overtime could be streamed in real-time.
In essence, Rover Finance's continuous settlement system is not just about introducing a new payment method but about offering choice and flexibility. By catering to the diverse needs of the modern workforce and businesses, we aim to set a new standard in financial settlements, one that's in tune with the demands of the 21st century.
