PerpPayroll
Treasury risk · Payroll protection

Pay salaries.
Hedge the volatility.

PerpPayroll helps crypto-native teams protect upcoming payroll by hedging treasury exposure with perpetual futures — so a bad week in the market does not become a bad month for the team.

No speculation. No leverage games. Built for treasury operations.

Payroll coverage

Healthy

Next payroll

$52,000

Due in

18 days

Treasury asset

ETH

Coverage

80%

Protected value

$41,600

Current hedge

−15.621 ETH

Protected80%

Projected if ETH falls 15%

Without hedge

$44,200

With hedge

$50,440

ETH mark $2,663 · funding 10.95% APR · live from Hyperliquid

Stress test

Stress test your next payroll

Move the market and watch what happens to the money you owe. Prices, funding and book depth are pulled live from the venue — nothing here is a placeholder.

$

Treasury asset

Mark $2,663

80%
−20%
−40%0%+20%

Without protection

$41,600

of $52,000 payroll

$10,400 short

With protection

$50,107

of $52,000 payroll

$1,893 short

Hedge size
15.621 ETH short
Protected value
$41,600
Hedge P&L at −20%
+$8,320
Protection cost · 18dFunding currently pays the short more than fees cost.
$187.20 credit

Estimates from live venue data, before slippage. Hedging reduces price exposure — it does not remove liquidation, funding, venue or execution risk.

The problem

Payroll should not depend on tomorrow’s ETH price.

The bill is denominated in dollars. The treasury is not. When the asset falls, the same salaries quietly eat a much bigger share of what the organization holds.

Without PerpPayroll

Treasury40.000 ETH
Payroll due$50,000
Cost in ETH today18.776 ETH
ETH falls-18%
Cost in ETH after22.897 ETH

The same payroll now consumes 4.121 ETH more 22% more of the treasury than planned.

With PerpPayroll

Treasury40.000 ETH
Payroll due$50,000
Coverage80%
ETH falls-18%
Cost in ETH after19.600 ETH

The hedge returns $7,200, so payroll costs only 0.8243 ETH more than planned instead of 4.121 ETH.

Modelled at the live Hyperliquid mark of $2,663 per ETH. Upside is given up in proportion to coverage: if ETH rises instead, the hedge loses and the treasury gains.

How it works

Four steps, then it runs itself.

  1. 01

    Connect treasury

    Connect the wallet holding the asset that funds payroll. Read-only — PerpPayroll never takes custody.

  2. 02

    Add payroll

    Enter the total amount, the payday and the asset it will be paid from.

  3. 03

    Choose protection

    Pick 25%, 50%, 75% or 100% coverage. Preview the hedge, its cost and its break-even before anything is opened.

  4. 04

    Monitor until payday

    Coverage is tracked against live marks. PerpPayroll warns when drift, funding or margin needs a decision.

Product

Treasury software that happens to use perps.

Every screen answers one question: what do we owe, how much is protected, what does that protection cost, and are we still covered.

Know what's protected

Live coverage for every upcoming payroll, measured against the venue mark — not last night's snapshot.

Stress test the treasury

Simulate 10%, 20% and 30% drawdowns before committing a dollar, and see the shortfall in advance.

Hedge on your terms

Simulate only, or size a real hedge and execute it yourself. Coverage targets are yours to set.

Track what protection costs

Fees and funding are shown signed and separately. When funding pays the short, that shows up as a credit.

No custody

The treasury stays in your wallet. PerpPayroll holds no assets, no venue keys and no private keys.

Built for multisig

Safe and EOA wallets both work, and organizations get roles rather than a single privileged signer.

FAQ

Questions treasury teams ask.

Does PerpPayroll move treasury funds?

No. PerpPayroll is non-custodial: it sizes, monitors and reports on hedges, and you sign every transaction from your own wallet. It never holds your assets and never asks for a private key or seed phrase.

Does it guarantee payroll?

No. Hedging reduces price exposure, but it does not remove liquidation, funding-rate, venue, liquidity, execution, oracle or basis risk. PerpPayroll shows you what is protected and what it costs — it does not promise an outcome.

Why perpetuals rather than just selling?

Selling the treasury asset realises the position and gives up any recovery. A perp hedge neutralises the price exposure on the slice that funds payroll while the organization keeps holding the asset.

Can we protect only part of payroll?

Yes. Coverage is a dial from 0% to 100%, and it is capped by what the treasury actually holds — PerpPayroll will not size a hedge larger than your exposure, because that would leave the organization net short.

What does protection cost?

Two things: venue fees on open and close, and funding for as long as the hedge is held. Funding is signed — when the rate is positive, a short is paid to hold the hedge, and PerpPayroll shows that as a credit rather than hiding it.

Can we simulate before connecting anything?

Yes. The stress test above and the full demo run on live market data with no wallet connected and nothing at risk.

Know your payroll is covered before payday.

Add your next payroll, pick a coverage level, and see exactly what a drawdown would cost you — before it happens.

Built for treasury teams, not traders.

Risk disclosure

Perpetual futures carry liquidation risk, funding-rate risk, exchange and venue risk, smart-contract risk, execution risk, oracle risk and basis risk. A hedge can lose money, a venue can halt or fail, and a position can be liquidated before payday. PerpPayroll reduces exposure to price moves in a treasury asset; it does not guarantee that payroll will be funded. Nothing here is investment advice.