7Block Labs
Blockchain Technology

ByAUJay

With automated, compliant dividend processes, you can say goodbye to the headaches of reconciliation sprints and those pesky wire fees. It not only simplifies everything but also creates a better experience for investors. Let’s dive into some smart-contract patterns, L2 cost profiles, and compliance controls. These elements can really turn what used to be a hectic dividend day into a smooth and straightforward process.

Automating Dividend Distributions via Smart Contracts

Pain

I get it--your finance and ops teams are bogged down, taking weeks just to wrangle those cap table exports from custodians. They're having to sort through share classes and deal with processing batch wires across different jurisdictions. It’s a real hassle! Just when you feel like you’ve got everything figured out, bam! You totally miss the ex-dividend date in one of the markets. And then, the next morning, your inbox is flooded with frustrated messages from investors. It can get pretty hectic! If you choose to “go on-chain,” you might run into a few bumps along the way.

  • Finding tokenholders on a large scale: Scanning more than 50,000 wallets on Layer 1 can get super expensive, and if your Layer 2 scripts aren’t optimized, they might just freeze up when the pressure rises.
  • Cross-chain fragmentation: So, you’ve got token holders scattered across Base, Arbitrum, and your very own Quorum network. What you really need is just one solid "golden record" instead of trying to keep track of three different ledgers. It’ll make your life so much easier!
  • Compliance gaps: It's super important to stay on top of those sanctioned addresses (shoutout to OFAC for the reminder), keep an eye out for non-qualified investors, and make sure those U.S. guidelines are in check. When it comes to handling those 1099-DIV forms, it's crucial to keep everything in check and ensure that no personal information slips through the cracks. Just a heads-up--if you don’t stay compliant with OFAC, those fines can really add up. We’re talking about a whopping $250,000 for each violation! (ofac.treasury.gov).
  • Operations debt: Let’s be honest, relying on manual spreadsheets and clunky multisig batches feels like playing a game of chance for every distribution. It’s a bit of a gamble, isn’t it? Just one tiny hiccup during a transaction can really spiral out of control, leading to partial payments and a big mess for customer support to untangle.

If you miss the deadline, you might find yourself facing some intense scrutiny from the board. Plus, there could be a few regulatory headaches if those 1099-DIVs aren’t right, and let’s not even get started on how chaotic a Q4 close could turn out to be!

Agitation

  • Cost blowouts: So, you might be tempted to send ERC-20 transfers to 100,000 wallets on Layer 1 without a second thought, but hold on! That could end up costing you a fortune in gas fees--like millions! And even if you’re on Layer 2, you’ve got to watch out; if you’re not using blob-aware paths, those fees can still get pretty wild. Just a little heads up! Since the Dencun upgrade, the average L2 fees are chilling at just a couple of cents. But here’s a little heads-up: if you don’t batch your transactions and take a step back when those bots show up, you might see failure rates skyrocketing. So, keep an eye on that! (galaxy.com).
  • Deadline risk: If you mess up the timing on the ex-dividend snapshot or allow transfers to go through during that time, you could run into some fairness problems and possibly some disputes. It’s definitely something to keep in mind! Auditors are definitely going to be looking for some reliable, clear-cut evidence.
  • Sanctions and KYC: Skipping the screening process can really backfire--you might find yourself making payments to someone who’s on a blocked list, and that can lead to some serious negative attention. Oh, and don't forget--if you've got any distributions of $10 or more that need reporting, make sure you get your 1099-DIV sorted out for the U.S. It's super important! individuals. (ofac.treasury.gov).
  • Cross-chain drift: Navigating through various chains, wrappers, and bridges can be quite the headache! It tends to get pretty tangled up. You could find yourself dealing with mismatched circulating supply and those annoying “phantom holders.” This can really throw a wrench in your plans when it comes time to finalize everything and figure out accurate accruals. It’s definitely a headache you want to avoid!

So, here’s the deal: we overlooked a few ex-dates, rolled out some hotfix payouts, noticed a little investor churn happening, and unfortunately, we took a hit to our credibility with the treasury and audit committees. It’s been a bit of a tough ride!

Solution (7Block’s methodology)

We’ve created a dividend system that’s super fast, fully compliant, and a breeze to audit. The focus here is all about getting real financial results, not just making things look pretty on paper.

1) Token and eligibility model

If you want to manage your tokens more effectively, think about using ERC-20 alongside OpenZeppelin’s ERC20Snapshot. It's a solid combo! With this combo, you can lock in your balances right at the ex-dividend block. What's really awesome is that making a snapshot is super quick--it’s O(1) efficient! Plus, if you want to check account balances, it’s just O(log n) for each account. This makes it totally manageable for enterprise-level stuff. Check it out here.

If you’re working with regulated share classes, it’s definitely worth checking out ERC‑3643 for permissioned tokens. Alternatively, you could also consider using the transfer-restriction hooks from ERC‑1404. They could really help streamline things! These tools make it super easy for you to enforce KYC/AML regulations and geographical rules right at the token layer. So, ERC-3643 is designed just for regulated assets and gives you an on-chain identity (ONCHAINID). It's pretty cool how it focuses on making sure everything's legit and secure! You can check out more details right here.

You can also protect your addresses by using zk-KYC verifiable credentials. Some popular options include Polygon ID and zkMe. With this method, you can easily check if someone has passed their KYC or is accredited without having to place any personal information on the blockchain. If you want to dive deeper into this topic, check it out here. It’s definitely worth a read!

How it fits into your setup: The smart-contract team over at 7Block is ready to help you out! They can easily integrate snapshot and permission logic into your token, or even wrap an existing token through an upgrade that’s been given the green light by governance. Take a look at our awesome services for smart contract and blockchain development! We've got plenty of details waiting for you.

2) Distribution engine patterns (choose per holder count and chain mix)

  • Pull-based Merkle claims (great for 10k to 1M holders): We figure out the amount each holder is entitled to based on an off-chain snapshot, and then we post a Merkle root on-chain for everyone to see. Investors can grab their funds within a set time frame. With this setup, the gas fees head straight to the claimant, which really helps us skip over that frustrating O(n) push loop. We're using OpenZeppelin's StandardMerkleTree along with on-chain MerkleProof to get everything up and running. Hey, take a look at this: GitHub Link. It’s worth checking out!
  • Streaming dividends (for executive share classes or revenue-sharing): With Sablier V2, you can actually stream ERC-20 tokens every second! How cool is that? Each of those streams is turned into an ERC-721 token, which means you can easily transfer it or even use it as collateral if you need to.
    On top of that, it can handle non-linear curves, which is great for stuff like vesting schedules or staggered accruals. This method really helps with keeping cash flow steady and makes sure everyone's on the same page. More details here: (blog.sablier.com).

If you’ve got a straightforward cap table with fewer than 200 holders, you can keep things easy by using OpenZeppelin's PaymentSplitter. Alternatively, you could also consider doing batched transfers with Safe MultiSend. Both options are pretty straightforward and can save you a lot of hassle! Don't worry, we'll keep taking snapshots to help with our audits. If you're looking for more information, just check this out: docs.openzeppelin.com. You’ll find a ton of useful details there!

We're setting up a solid treasury operations system that’s been thoroughly tested with Safe{Wallet}. You’ll find handy features like multisig, role controls, and transaction simulation for handling funding and approvals. These tools can really make a difference! Take a look at this: safe.global. You'll find some interesting stuff there!

Relevant Services:

Hey there! If you're interested, take a look at our dapp development services. We’d love to help you bring your ideas to life!

3) Gas‑aware execution on rollups

So, after Dencun (EIP-4844) rolled out, Layer 2 solutions got a cool upgrade: they can now send batch data as these temporary "blobs." It’s a pretty neat way to handle things! This change really helps to lower data fees, which means that making claims can now cost less than nothing! 05 when everything's all set up and ready to go. We typically roll with distribution contracts on Base, OP, and Arbitrum. We use blob-aware posting and a backoff strategy to help minimize failure rates, especially when things get really busy. If you want to dive deeper into the details, feel free to take a look here. You'll find a lot of useful info!

So, EIP-4844 has introduced these cool blob-carrying transactions and even created a special blob-gas market. This has seriously slashed the costs for rollup data when you stack it up against calldata. Pretty neat, right? If you want to dive deeper into the topic, you can check it out here. Happy reading! We’ve adjusted your claims experience so it better matches the average fees for each Layer 2. So, for example, we’re talking about something in the ballpark of $0. So, we’re looking at a typical median of 02 for the 150 days after Dencun. And don’t worry, if we do see any spikes, we’ve got our queues and retry logic all set up to handle it smoothly. If you want to dive deeper, you can find more info here. It’s worth a look!

4) Cross‑chain without liquidity fragmentation

So, if your equity or RWA pops up on a bunch of different chains, we keep a single “golden record” for that snapshot. After that, we send out the proofs to the other chains, or what we like to call the satellite chains. We utilize Chainlink CCIP to handle our message delivery and manage programmable token transfers. It's been a great fit for our needs! On top of that, we’ve snagged our SOC 2 and ISO 27001 certifications, which really help keep our vendor risk committees satisfied. Take a look at this: (docs.chain.link). You might find it really interesting!

  • Just a quick note: BlackRock’s BUIDL shows how tapping into a multi-chain distribution strategy, combined with an on-chain redemption system, can seriously enhance service delivery. So, your daily earnings stack up and are paid out monthly right on the blockchain. Plus, Circle has really made things easy with a 24/7 smart-contract off-ramp for USDC. We're taking a page from a similar playbook to make corporate actions easier to understand and manage. (prnewswire.com).

Related services:

5) Compliance: OFAC, KYC, and tax reporting

  • Sanctions Screening: We check and block SDN and consolidated lists as soon as claims come in. On top of that, we work seamlessly with OFAC SLS and other third-party APIs to handle fuzzy matching and batch processing. To keep everything safe and sound, we keep deny-lists right on the chain, backed up with admin proofs. Take a look at this: ofac.treasury.gov.
  • Zero-knowledge credentials: We can take “KYC-passed” confirmations without having to keep any personal info on the blockchain, all thanks to Polygon ID/zkMe! If any credentials get taken away, the claims just go back to how they were. If you want to dive deeper into this, check it out here: coindesk.com. Happy reading!
  • **U.S. Reporting Update: We’ve made some cool upgrades and have fully automated the 1099-DIV process for our U.S. users! People who get dividends of $10 or more. This covers things like backup withholding and FATCA flagging. So, what we do is pretty cool! Our off-chain reporting task gathers all the snapshot and claim info to whip up those IRS e-files and investor statements. It’s all about making sure everything’s ready and organized! If you're looking for more details, check out irs.gov. They have a ton of helpful info there!

6) Security and operations

  • Contracts: If you want to avoid reentrancy issues and griefing while making claims, it's a good idea to use the checks-effects-interactions pattern, along with tools like ReentrancyGuard and pull-payment methods. Trust me, these techniques can really save you a headache down the road! Just a quick reminder: Merkle roots stay consistent throughout each cycle, so you won’t see any changes there. Also, if there are any unclaimed funds, they’ll be funneled into the treasury when the deadline rolls around. Keep that in mind! (docs.openzeppelin.com).
  • Treasury: We're using Safe{Wallet} to manage our funds. It helps us stay on top of our spending limits and makes MultiSend batching super easy! And don’t forget, with all the approvals and simulations set up, you'll have a clear audit trail that makes it super easy for your internal controls team to give their stamp of approval. (safe.global).
  • Vendor posture: When we're diving into cross-chain messaging, we love teaming up with providers that have SOC2/ISO coverage. And you know what? CCIP fits the bill perfectly! (chain.link).

Where we fit in:
Hey! If you're interested, take a look at our web3 development services. We’d love to help you out!

  • Check out our security audit services and see how we can help you stay safe! Hey there! If you're curious about how asset tokenization works, check out our asset tokenization solutions. It's pretty fascinating stuff!

250k holders, monthly USDC dividend on Base using Merkle claims

  • T-3 days: Alright, so first things first, you should set up the ERC20Snapshot right at the ex-dividend block.
    So, this involves exporting the balances along with their associated addresses and figuring out the amounts for each holder based on a pro-rata calculation. Of course, we'll be leaving out any wallets that aren't eligible, either through ERC‑3643 or a deny-list. If you want to get into the nitty-gritty, just check it out here.
  • T‑2 days: Alright, folks, we're about to dive into creating a Merkle tree off-chain with the StandardMerkleTree. Let’s get to it! When you’re all set, just go ahead and publish the Merkle root along with the metadata hash to the Distribution contract. Just a quick reminder to make sure you fund the contract with USDC from the treasury Safe. Thanks! For more details, feel free to click here.
  • T day: When the big day rolls around, investors can grab their funds by giving us a call at claim(index, account, amount, proof). The contract will handle checking the proof and moving the USDC for you. It's built to be reentrancy-safe, which means that if one person's claim doesn't go through, it won’t mess things up for anyone else. You can check out more details on that right here.
  • Costing: Since Dencun, the median transaction fees for L2 are hovering around just $0. If you're looking at the costs for on-chain distribution, you can expect them to be pretty reasonable--especially for the folks making claims. The treasury’s one-time expense is pretty straightforward. They’ll just need to cover the cost of publishing the root and some funding, which should only set them back a few cents. We’re also rolling out UI queues and backoff strategies to help us avoid those pesky spikes we’ve encountered on some of the L2s. For more info, check out Galaxy. You’ll find some really interesting insights there!
  • Auditability: Before you wrap things up, remember that the ex-div block, root, and funding transaction IDs will be the backbone of your audit file. They’re super important for keeping everything in check! On top of that, any addresses that are blocked or withheld will be shown off the chain, complete with their proof.

Why This Matters to Procurement:

Say goodbye to those O(n) push transfers and the gas fees that tagged along with them! And on top of that, you'll have a super clear and reliable ledger all set for the auditors. So, instead of folks reaching out with, "I never got paid," they're now coming in with, "my claim failed." This shift really points to more of a self-service vibe.

Executive Class B units with per‑second accrual via Sablier V2

Streams are set up to run all the time, kinda like a month-long window. This works well with the finance team's accrual policy, keeping everything in sync. Every stream works like an ERC-721 token, meaning it updates ownership automatically whenever someone's job status changes. These non-linear curves, much like back-loaded options, really play a key role in getting everyone on the same page during those important product launches. Check it out here.

So, on the operations front, finance starts the ball rolling by pre-funding the stream from Safe. After that, recipients can grab their funds whenever they need them.
Oh, and just a heads up--Sablier’s interface now includes a little fee for withdrawals and claims. But don’t stress about it! We can totally cover that with a customized integration, so you're all set. If you’re curious to dive deeper into this topic, you can check it out here. It's got all the details you might need!

Example C -- Multi‑chain holder base, single “golden record”

Alright, let's break down Ethereum a bit. With CCIP, you can easily distribute your dividend instructions across various chains. This means you can snag contracts on both Base and Arbitrum without any hassle. Pretty cool, right? Oh, and here’s a cool thing: both token transfers and instructions can actually settle simultaneously on the receiving side. Pretty awesome, huh? That’s all part of what we call a programmable token transfer! By the way, if you’re diving into vendor due diligence, having SOC2 or ISO certifications can really work in your favor. (docs.chain.link).

Hey, take a look at this cool reference pattern: BlackRock’s BUIDL is expanding across different chains and has a USDC redemption contract on-chain, which means you can access liquidity anytime, day or night! They also provide monthly in-kind distributions, which you can think of as similar to corporate actions for tokenized funds. What a smart move to keep everything running smoothly! Check it out here: (prnewswire.com).


Emerging best practices we apply

  • Gas-aware design on L2s after 4844: So, we're looking at things like batch calls, making sure we slow things down a bit during those super hectic times, and sticking with blob-aware lanes whenever we can. EIP-4844 introduced blob transactions, and they've got their own fee market. This is a game changer because it significantly reduces the costs associated with rollup data. If you want to dive deeper into it, feel free to check it out here. There's some really interesting info waiting for you!
  • Permissioned Tokens for Regulated Share Classes: So, there’s this final spec called ERC-3643 that’s incorporating ONCHAINID, and it's really paving the way for Real World Assets (RWA). Plus, it’s gearing up for ISO standardization, which is pretty exciting stuff! If you're curious and want to learn more, feel free to check it out here. There's a lot of good info waiting for you!
  • Zero-knowledge eligibility: You can now take zk attestations for people who’ve passed their KYC checks or are accredited. Plus, you can easily revoke access anytime you need to--without worrying about leaking any personal info! Get the details here.
  • Safe-first treasury: Take advantage of those Safe{Wallet} roles--it's a smart move! You can set spending limits and use MultiSend to organize your funding all in one go. Just remember to do a quick simulation before you hit that send button! If you want to dive deeper into the details, check it out here.
  • Push vs Pull: Stick with push only when you've got a small number of holders or if the rules require it. If you're looking to avoid those O(n) risks, it’s best to go with Merkle claims or streaming. They’ll keep you safe from potential headaches! OpenZeppelin’s got your back with their awesome tools and reliable building blocks. Check them out here.
  • Reporting: Make sure to export those 1099-DIV data sets, including details about the payer and recipient, and separate the ordinary from the qualified ones. Don’t forget to include the claim proofs and the results of any withholdings too! We're fully on board with the latest IRS guidelines for our pipeline. If you want to learn more about it, check it out here.

Architecture blueprint (Solidity‑level, simplified)

  • Token: So, we're diving into ERC20, and we're also bringing in ERC20Snapshot. Plus, we'll throw in a bit of ERC-3643/1404 for those permissioned classes just to spice things up! If you want to get into the nitty-gritty, just click here to check it out!
  • Distributor:
    If you want to manage your snapshots, just go ahead and use setRoot(snapshotId, merkleRoot, uri). Just a heads up, you’ll need to have the DISTRIBUTOR role to do that, though! Alright, so when you're ready to make a claim, the function goes a little something like this: claim(index, account, amount, proof) nonReentrant { verify proof; transfer USDC; emit Paid(account, amount) }. Pretty straightforward, right? You check the proof, send over the USDC, and then let everyone know that the payment has been made to the account. Easy peasy! Oh, and make sure to scoop up any leftover funds that haven't been claimed after the deadline and send them over to the treasury!
  • Cross-chain (optional): So, if you're a fan of cross-chain action, the CCIP receiver on those satellite chains is pretty cool. It’ll check the message signature and then set the local Merkle root for you. Check out more here.
  • Treasury: When it comes to getting your approvals, make sure to hop on Safe{Wallet}. And if you need to fund things in bulk, MultiSend is definitely the way to go! So, what's the deal with the policy? It's all about having a good two-man rule in place, along with a simulation to back it up. If you want to dive deeper or find out more details, just check it out here!
  • Compliance: So, before you go ahead and make a claim, just a heads-up that the pre-claim hook is in place to double-check those deny-lists (you know, like OFAC SLS) and zk-KYC attestations. It also tracks reason codes for audits, which is super helpful! Learn more here.

ROI and GTM metrics you can take to the CFO

  • Cost for each payout to investors.
  • For legacy wires, ACH transfers, and batch checks, you can typically expect it to cost around $1. 00-$15. When you consider the bank and operational fees, you end up with $00 for each payment.
  • L2 Merkle claims: It seems like we're hovering around $0. The average cost for well-tuned rollups after Dencun is around 02 for the claimant. What about the issuer's expenses? It’s really just a few cents for things like publishing roots and some funding. Even if we bump it up to a clean $0. So, if you break it down, having 50,000 holders would end up costing around $2,500 in total user gas fees. That's way more manageable compared to those massive six-figure fees banks hit you with! (galaxy.com).
  • Cycle time
    So, in the past, it usually took around 2 to 3 weeks from the ex-dividend date until everyone had their payments sorted out. ”.
  • So, here's the plan: snap a quick pic and then get the root published in just a few hours.
    Claims are settled on an ongoing basis, and usually, the whole process wraps up in under 5 business days, compliance checks and all. It’s a pretty smooth ride!
  • Error rate and support levels. Get ready for a big relief--those annoying “I didn’t get my dividend” support tickets are expected to plunge by about 60-80%! Thanks to on-chain proofs, it's super easy to see who qualifies and what they’re supposed to receive.
  • Audit readiness
  • We've definitely seen a significant drop in the time spent on external audits for dividends. What you really need to share are the ex-div block, the Merkle root, and the payment events. These pieces of info act like rock-solid proof that can't be altered. Simple as that!
  • Compliance risk
    We’re really stepping up our game with on-chain deny-list checks and zk-KYC. This is helping us reduce those pesky human errors quite a bit! We're working on reducing OFAC exposure by using some automated screening tools. As for the 1099-DIV dataset, we pull it directly from snapshot and claim logs, so it’s all fresh and accurate. (ofac.treasury.gov).

In the pilot phase, we set up some key performance indicators, or KPIs, to keep an eye on how we’re doing. These factors include how much it costs per payee, the time it takes to complete a cycle, the success rate of claims, the rate of false positives for sanctions, and whether audits are finished without any hiccups.


Implementation timeline (90‑day pilot)

  • Weeks 0-2: Gathering requirements and mapping out systems. Alright, let’s jump into the details about our classes, the jurisdictions we're working with, our KYC providers, the ERP export formats, and how we’re setting up custody with Safe. We’re going to really hammer out the “golden record” policy and our chain strategy.
  • Weeks 3-6: Getting into contract engineering and integrations. We're diving into a few key tasks soon! First up, we'll tackle the token snapshot instrumentation, then move on to the Distributor contract. If we're looking at going multi-chain, we’ll also get into CCIP wiring. Plus, we'll set up the deny-list and hook up those zk-KYC features. Exciting stuff ahead! Also, we’ll take a look at the Safe policy and get the CI/CD set up. Hey! Just a quick reminder about our internal security review and the upcoming third-party audit. Don’t forget to check out our security audit services for more info!
  • Weeks 7-10: We'll be doing some dry runs on testnets, plus a small piece of production.
  • We're planning to run a shadow cycle with a real subset of the cap table. This is going to help us keep track of gas usage and spot any issues that crop up while we work on tweaking our queues and backoff strategies.
  • Weeks 11-12: Kicking off our first production cycle and wrapping up with a post-mortem. Alright, it's time to reach out to all our holders! We’re also going to export the 1099-DIV dataset and finish up our runbook. Let's get this done!

Supporting Services for Tokenizing Equity or Funds at the Same Time

Hey there! Take a look at our asset tokenization services. You might find something that really interests you! Hey there! Make sure you check out our fantastic DeFi development services! You won't want to miss out on what we have to offer.


Why this works (industry proof points)

The post-4844 rollups are looking like a really smart way to manage monthly claims on a larger scale. They’re proving to be super affordable, with the average costs chilling at about $0. We can definitely notice those occasional spikes, but the good news is that we can manage them. (galaxy.com). Permissioned RWA tokens, like those based on ERC-3643, are really starting to take off as the preferred option for meeting identity-aware transfer controls. Plus, they're on the path to getting ISO standardized, which is fantastic news for auditors and regulators alike! (docs.tokeny.com). Hey there! Exciting news in the world of streaming payments: Sablier V2 is officially up and running. This new version comes with cool features like NFT representation, and you can now earn per-second accruals for certain classes--all without the hassle of custom coding. How great is that? (blog.sablier.com). With cross-chain instructions using CCIP, you've got solid security guarantees like SOC2 and ISO. Plus, you can easily program token transfers, which is perfect for those enterprise vendor risk profiles! (chain.link). Tokenized funds, such as BlackRock’s BUIDL, are really changing the game by introducing on-chain dividend accrual. They’ve got this cool setup where you can get monthly in-kind distributions and redeem USDC instantly through a smart contract. It’s pretty exciting to see how this is setting a strong example for managing corporate actions on public chains. (prnewswire.com).


Procurement checklist

  • Security posture: We’ve put together some solid audit reports, separated out roles in Safe, and crafted a pretty thorough incident response playbook.
  • Compliance: We're currently partnering with a sanctions screening vendor, collaborating with zk-credential issuers, and putting together our 1099-DIV exports. Hey! If you want to dive into the specifics, go ahead and take a look at the OFAC website. It’s got all the info you need!
  • Chain strategy: We're all about honing in on Layer 2 solutions, creating backup routes, and broadening our CCIP network reach. If you’re looking for more details, just check out Chainlink’s documentation. It’s got all the info you need!
  • Operability: We're excited to introduce new dashboards for claims! We're monitoring failure rates closely and making sure refund queues are handled smoothly.
  • SOW alignment: We're getting ready to deliver the runbook, setting some key performance indicators (KPIs), and figuring out what success looks like so we can ramp things up smoothly after the pilot.

Are you on the hunt for a one-stop-shop that can take care of everything from design to delivery, plus audits and KPI results? Look no further! With our web3 development services and blockchain integration, we’ve got all your needs covered.


Brief in‑depth details (technical appendix)

  • Snapshots vs. Rebasing: So, when it comes to dividends, we prefer using snapshots instead of rebasing. Why? Well, rebasing can really complicate things for accounting later on, and we like to keep it simple! Instead, we opt for snapshotting along with some clear transfer logic. OpenZeppelin’s ERC20Snapshot feature is really handy when you need to get clear and reliable balances on the ex-dividend date. It's a solid tool for keeping track of those numbers! Check it out here.
  • Merkle Trees: So, the StandardMerkleTree uses double-hashing on its leaves with keccak256. This little trick helps keep things secure by guarding against second-preimage attacks. Pretty neat, right? On top of that, it backs multiproofs, which is a game-changer for batch verification. If you need to verify a bunch of things at once, it saves a ton of gas! If you want to dig a little deeper, feel free to check out the details on GitHub.
  • EIP-2612 Permit: If you're dealing with push transfers, like when you're managing escrowed claims, this permit feature really comes to the rescue. It makes things a lot smoother! You can get approvals without needing to spend any ETH at all, which is pretty cool for the recipients! Want to dive deeper? Check out all the details right here! You'll find everything you need.
  • L2 Fees After Dencun: So, here's the scoop--thanks to the new dynamic blob base fee market, blob transactions have totally changed the game! Now, rollup data fees are distinct from EVM gas fees. How awesome is that? Make sure to plan your distribution windows so you can avoid any pesky temporary blob shortages. If you're looking for more details, you can check this out here.
  • Safe MultiSend: This cool feature lets you bundle together funding and root publication into one smooth, batched transaction. It's great because it helps minimize any slip-ups from operators and ensures everything happens in the right order every time. If you’d like to understand how it all works, you can check it out here. Happy learning!

We’ve designed the program so the finance team can give the thumbs up on controls, security reviews the overall setup, and engineering makes sure everything is super easy to keep up with. This way, we can kick back and demonstrate the ROI in just 90 days!

Book a 90-Day Pilot Strategy Call

Are you ready to jump in? Let’s schedule a 90-Day Pilot Strategy Call! During this call, we’ll chat about your goals, brainstorm some exciting ideas, and put together an awesome plan to set you up for success. Looking forward to it! Just choose a time that suits you, and we'll dive right in!

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7BlockLabs

Full-stack blockchain product studio: DeFi, dApps, audits, integrations.

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