Protocol Overview
This protocol modernises community savings groups (ROSCAs) by placing them on the blockchain.
Users form Pods — group-managed multi-signature wallets — and save together in USDC over a fixed period (e.g. 6 months).
Each month, individual users within Pods are randomly selected to receive their full payout in line with the traditional ROSCA model.
The protocol is supported by:
- P2P Market Makers who convert local currency into USDC
- Stakers, who underwrite the protocol by staking interest-bearing stablecoins to guarantee payouts, earning protocol fees and DeFi yield in return
As users participate reliably, they earn reputation points (called Seeds), which will later convert into protocol governance tokens — making them custodians of the system.
A special role is played by Builders — community organisers who help set up Pods and onboard users. Builders earn more Seeds relative to any other participant and in doing so can later graduate into becoming Stakers or P2P market makers, growing their role as on-chain organisers.
Step-by-step User Journey
- Join or Start a Pod Users form or join a small trust-based group called a Pod — a shared multi-signature wallet managed by its members. Each Pod acts as a single unit within the protocol. They can be created collectively by peer groups or led by a community organiser (Builder)
- Contribute Monthly Each Pod commits to making regular contributions in their local currency (e.g. BRL in Brazil, NGN in Nigeria, GHS in Ghana, etc.). These contributions are pooled and tracked at the Pod level.
- On-Ramp via P2P Market Makers Local P2P agents convert the Pod’s fiat contributions into USDC via the app. The USDC is deposited into the protocol vault, where it becomes part of the shared savings pool.
- Pool Participation All active Pods are entered into the shared USDC pool. Every month, users in one or more Pods are selected at random (lottery-style draw) to receive a full payout.
- Receive Payout (Contemplation) If you’re selected in the monthly draw, the protocol automatically converts the payout from aUSDC (the interest-bearing token used by Stakers) into USDC and sends the full amount to your Pod’s multi-signature wallet. The funds are held by the Pod — meaning they’re collectively controlled by your group — but within the app, the payout is clearly attributed to you. You now have access to your full savings goal — interest-free, stable in dollar value, and ready to use.
- Continue Contributing After receiving your payout, you and the rest of your Pod still contributes monthly until all the users in your Pod and all the Pods in the cycle have been selected. This ensures fairness and fund continuity.
- Earn Seeds (Reputation) Each user earns reputation points for making consistent contributions and upholding their Pod’s commitments. These points accumulate over time and will convert into protocol tokens — giving users governance rights and a stake in the protocols upside.
- Reinvest Your Capital (Optional) After receiving a payout, you can choose to stake your funds. This allows you to grow your capital at interest, earn protocol fees, and safe-guard future ROSCA cycles. Alternatively you may trade into other cryptocurrencies e.g. BTC, ETH, etc.