Save circle

설명

At SaveCircle, our mission is simple: “Save Together, Thrive Together.” We help people build financial discipline by combining savings with instant access to funds, like a loan without collateral.

Users join a savings circle and contribute regularly based on group cycle . To keep payouts fair and reduce risk, participants lock a small portion of funds upfront. The lock amount decides payout order:

No Lock: Save gradually, get payout last.

Partial Lock: Commit part of the total, get payout earlier.

Full Lock: Commit more upfront, get payout first.

For example: if your rent is ₦100,000 due next month, you could deposit ₦40,000 upfront and instantly access ₦100,000 from the pool. You keep contributing afterward, but you’ve already solved your urgent need.

Everyone always gets back their locked amount at the end of the cycle if they complete their contributions.

Group Options:

Public Groups: Open to everyone, with smart contracts ensuring fairness. Organizers can also require a minimum reputation score so only trusted participants join.

Private Groups: Invite-only, with optional lock requirements and reputation filters for added trust.

Safeguards:

Insurance Pool: 1% of each contribution made will be sent to the insurance pool. at the end of the cycle it will be distributed back to members and 20% will be taken as contract fee if not used to cover missed contribution

Penalty Pool: Late or missed payments deduct from locked funds and sent to insurance pool

\Reputation Score: Good behavior raises your score, unlocking access to better groups and earlier payouts.

https://savecircle.vercel.app/

해커톤 진행 상황

During this hackathon, we transformed SaveCircle from idea to a live prototype on StarkNet, proving that community-powered savings can work in a decentralized and trustless way. We built and deployed the core rotating savings contract, where users join a group, lock an initial amount, and contribute funds on a schedule. Members take turns receiving lump-sum payouts giving early access to funds when they’re needed most, while ensuring everyone still saves and gets back their contributions. To make this reliable, we designed the liquidity lock system, which prioritizes payouts based on lock size and ensures participants cannot simply walk away. We also introduced the foundations of our dual safety nets: Insurance Pool funded by members to cover defaults so payouts remain fair. Penalty Pool funded by late or defaulting members, redistributing value to committed savers. These mechanisms create fairness, accountability, and real financial resilience something missing from both traditional banks and most DeFi savings models. Looking ahead, we’re expanding SaveCircle with: Reputation NFTs rewarding consistent savers with onchain trust badges. Targeted Saving Circles – for education, emergencies, or group goals. Flexible Group Options – including private trusted groups with no lock requirements. This hackathon proved more than technical progress it validated that SaveCircle can help communities or individuals access funds faster, save smarter, and protect each other against loss.

Save circle

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기술 스택

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해커톤 진행 상황