# Wallet Splitter

{% embed url="<https://www.youtube.com/watch?v=1QLAW9m454o>" %}

## Overview

Anyone can send funds to the 0xWalletSplitter address, knowing the funds will be divided fairly between Alice and Bob.

Alice will call the `release` function to take her 50%.

Bob will call the `release` function to take his 50%.

![](https://2455022349-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FmCUJWwYZrI9iWpvBVyjD%2Fuploads%2FlEjsAmT8Z13VEcimfy6R%2Fdiagram0.png?alt=media\&token=6544adf3-f2a9-47e7-a308-1887c5c34ef8)

## Problem

*Alice and Bob stared a company and will receive funds from DAOs, VC and anonymous donators. They each own 50% of the company.*

*Alice: How will we split the funds?*

*Bob: Send the funds to my wallet and I'll give you 50%.*

*Alice: I don't trust you.*

*Bob:* :sweat\_smile:

## Solution

Create a wallet that:

* Splits funds without trust
* Can be deployed on any EVM
* Splits native and ERC-20 tokens
* Simple UI for non devs

## Open Source & Decentralized

### Wallet Splitter Source Code

{% embed url="<https://github.com/WalletSplitter>" %}

### Contracts created by OpenZepplin

`This contract allows to split Ether payments among a group of accounts. The sender does not need to be aware that the Ether will be split in this way, since it is handled transparently by the contract.` - OpenZepplin

{% embed url="<https://docs.openzeppelin.com/contracts/4.x/api/finance#PaymentSplitter>" %}

{% embed url="<https://github.com/OpenZeppelin/openzeppelin-contracts/blob/release-v4.4/contracts/finance/PaymentSplitter.sol>" %}

## Questions

### Why Not Send Directly?

*Bob: Why not tell DAOs and VC to send 50% to 0xBob and 50% to 0xAlice*

*Alice: That works but what about donators?*

*Bob: They can do the same.*

*Alice: Don't make sense. They'll have to pay fees twice.*

*Bob:* :sweat\_smile:

### Why Not Multisig?

*Bob: Let's use a multisig wallet to divide funds*

*Alice: What's the threshold?*

*Bob: 1 of 2.*

*Alice:* :expressionless:

*Bob: 2 of 2*

*Alice: Why do I need **your** permission to get **my** funds?*

*Bob:* :sweat\_smile: