Franklin, a hybrid cash and crypto payroll provider, is introducing Payroll Treasury Yield, a new initiative leveraging blockchain lending protocols to help companies earn returns on idle payroll funds. By partnering with Summer.fi, a DeFi lending platform, companies can deposit stablecoin-denominated payroll reserves into smart contract-based lending pools, earning yields while maintaining full custody of their capital. This alternative to traditional treasury tools offers higher returns without the operational complexity. The shift towards onchain payroll products could potentially diminish the role of banks in payment processing, replacing them with self-custody tools and smart contracts. Despite the benefits, decentralized lending poses risks that Franklin aims to mitigate through audited contracts and overcollateralized lending. The growing interest in yield-generating strategies within the cryptocurrency sector reflects a broader trend of maximizing returns on digital assets, attracting both retail and institutional investors. Read more AI-generated news on: https://app.chaingpt.org/news