Sanca

Overview

Sanca is a decentralized platform that brings traditional ROSCA (Rotating Savings and Credit Association) to Web3, enabling communities to save together, earn yield, and access credit in a transparent, trustless manner. Built on Mantle Network with integration to Ondo Finance for institutional-grade yield generation.

What is ROSCA?

ROSCA (Rotating Savings and Credit Association) is a traditional community savings model where:

• Members contribute regular amounts to a shared pool

• Each member takes turns receiving the entire pool

• The cycle continues until all members have received their payout

• It's a proven system for financial inclusion and community wealth building

Problem Statement

Traditional ROSCAs face significant challenges:

• Lack of Transparency - No public record of transactions

• Manual Management - Requires trusted coordinators

• Trust Required - Members must trust each other and coordinators

• No Yield Generation - Funds sit idle without earning interest

• Risk of Default - No automated enforcement mechanisms

Our Solution

Sanca solves these problems by leveraging blockchain technology:

• Blockchain Transparency - All transactions recorded on-chain, publicly verifiable

• Smart Contract Automation - Automated execution, no manual intervention needed

• Trustless Execution - Code enforces rules, no need to trust individuals

• Yield via Ondo Finance - Funds earn institutional-grade yield automatically

• Collateral Protection - Auto-liquidation if members fail to contribute

Key Features

1. Transparent Pools
   All pool activities, contributions, and payouts are recorded on-chain. Members can verify every transaction at any time.

2. Automated Cycles
   Smart contracts handle the entire pool lifecycle automatically - from member joining to payout distribution. No manual coordination needed.

3. Fair Randomness
   Winner selection uses Supra VRF (Verifiable Random Function) for provably fair, on-chain randomness.

4. Yield Generation
   Member collateral is automatically converted to Ondo mUSD (rebasing token) to earn yield. Winners receive a portion of the yield as a bonus.

5. Collateral Protection
   If a member fails to contribute, their collateral is automatically liquidated to cover the contribution, protecting other members.

Team Member

1. Garry
   Telegram: @garrybad
   Discord: @garrybad
   Email: garrybad3@gmail.com
   Github: https://github.com/garrybad/sanca

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