hackathons

got into the Top 10 and a @aboutcircles prize last weekend at ETHDam! 

a special hack as our last one in EU with @kevincharm and myself set to leave this regulatory hell - praying for u @owl 

as we like to do, we put a real centuries old mechanism onchain – this time we did ROSCAs

what are ROSCAs?

gm. Fulltime degen, building fun stuff onchain. 
Master of Disaster Frogworks, /ottodao bullfrog, ex @astaria

Reinventing money. 1 CRC per hour, forever. /circles

ROSCAs, or Rotating Savings and Credit Associations, have existed for centuries with different names in multiple countries

for our project we picked the Bolivian name ofc lol

(-> comment if you see your country in the list or map! extra points if you've ever been part of one)

how it works is basically the following:
- each month every member pays a fixed amount (e.g. 10 USD)
- the total deposits of that month go to one of the members
- same spiel the next month, but with the next member
- beneficiary rotates in a round robin or raffle

we wanted to play around with @aboutcircles, and the use-case fit well so instead of USD we did it with a group's CRC

with "tokenised trust" you can enable these ROSCAs to exist across regions, which also opens a completely new design space for these

massive shout out to the team for always making it so fun – and godspeed @kevincharm 🫡

Legends! To the next hack, somewhere in the world! Who knows, maybe we'll meet in south america, or asia, or… 👀