CashNest

Cash Nets is an innovative crypto-based savings club, created to change the way you collectively save and grow your shared assets. By combining an efficient savings rotation system and the utilization of interest from staking in Aave, Cash Nets members not only save funds but also actively generate passive income from their crypto assets.

Cash Nets offers more than just a savings experience. We present an integrated ecosystem that combines modern investment strategies, blockchain technology, and the growth of the crypto community.

How does Cash Nest work?

🔹 Stage 1: Registration & Initial Deposit

• Users register and join the Cash Nets savings club.

• Each member deposits crypto assets (ETH etc.) into the pool as collateral.

🔹 Stage 2: Collective Fund Raising

• The pool will be formed once the minimum number of participants is reached.

• The system automatically manages the storage and validation of assets transparently through smart contracts.

🔹 Stage 3: Fund Staking in Aave

• Collective funds that have been collected are automatically staked in the Aave protocol.

• Yields begin to be generated from the staking activity without manual intervention.

🔹 Stage 4: Prize Distribution via Monthly Draws

• Every month, the returns earned are aggregated.

• Chainlink Keeper is used to select winners randomly and fairly, without manipulation.

• The winner receives the entire month's returns as a prize.

🔹 Stage 5: Rotation & Fairness

• The lottery process is repeated every month until all participants have been winners.

• The system ensures that all members get their turn to win with a fair rotation approach.

🔹 Stage 6: Fund Withdrawal

• Once the entire cycle is complete, participants can withdraw their initial crypto assets.

• The main funds remain safe as they are not used for high-risk activities.

Web: https://cashnest.fun/