LlamaPay Review 2026: Streaming Crypto Salaries Per Second

LlamaPay is a payments protocol that lets one wallet stream tokens to another by the second. Instead of sending a salary once a month, the payer funds a stream and the recipient withdraws what has accrued, whenever they want. DefiLlama describes it as a multi-chain protocol that automates transactions and removes the need for manual recurring transfers.

DefiLlama has tracked it since April 2022. It currently lists about 2.1 million dollars in TVL across 22 chains, including Ethereum, Arbitrum, Optimism, Base, Polygon and BNB Chain. The homepage names Curve and aixbt among the organizations that use it, and says it is used by founders and team members.

The product is narrow. It does not offer swaps, yield or a token. It focuses on salary-style and contractor payments in crypto, mostly in stablecoins like USDC, with some convenience features around claims and funding.

A payer deposits a token such as USDC into LlamaPay and creates a stream to a recipient address. The payer chooses an amount and a frequency, for example 4000 USDC monthly. The protocol then counts the amount owed per second.

Recipients can withdraw what has accrued whenever they want, without waiting for a monthly transfer. The homepage says anyone can trigger a claim, so a third-party wallet can move funds to a centralized exchange deposit address for the recipient.

Payers keep the stream funded by topping up their balance. The homepage also mentions an option to borrow money to fund streams if the balance runs low. Streams can run indefinitely or stop at a set end date.

LlamaPay does not publish a protocol fee schedule. The homepage says deploying a stream is 3.2-3.7x cheaper than other services, which points to gas cost as the main expense. It does not name the services it is compared against.

Payers should expect to pay normal network gas on each chain for creating streams, topping up and withdrawing. Any further charges, including those tied to the optional borrowing feature, would be shown in the app or the documentation.

DefiLlama lists two audits for LlamaPay, but the project does not name the auditors, dates or findings. The protocol is non-custodial in the usual smart-contract sense: payers deposit tokens into contracts and the funds are released to recipients through streams. That means smart-contract bugs are the main risk, along with user errors such as sending to the wrong address.

The project does not mention any hacks or incidents, and they do not cover the terms of the borrow feature, so check the documentation for those. The product moves funds between wallets, so confirm the official site address and review the audit reports before depositing larger sums. Payments and tax treatment of crypto salaries vary by country, so check local rules.

LlamaPay is for DAOs, crypto-native startups and freelancers who pay or get paid in stablecoins and want continuous, withdraw-anytime payments. It is less suited to businesses that need invoicing, tax reporting or fiat payroll, or to people who do not already use a self-custody wallet.