DeFi
Tanda
TANDA a Finance Ecosystem. A rotary saving-loan protocol, xrpl transactions,
exchange tokens, analyze transactions and more..
TANDA a Finance Ecosystem. A rotary saving-loan protocol, xrpl transactions,
exchange tokens, analyze transactions and more..
A Tanda is the Latin American term for an informal rotating savings and credit association (ROSCAS).
They are operated globally, but have over 200 different names that vary from country to country.
Bringing a Tanda to the world of crypto and decentralized finance (DeFi) can unlock transparency, security, and global access while preserving its collaborative essence.
Our dapp will allow you to:
RLUSD
This system functions like a traditional Tanda (rotating savings and credit association), but with a crypto twist. Participants deposit RLUSD as collateral, and once the Tanda (lottery) is deployed, each wallet is assigned a number from 1 to 10.
Every participant agrees to contribute $100 in RLUSD to the Tanda pod each week for 10 weeks. Each week, one participant receives the full $1,000 pot, continuing until all 10 members have received their payout.
Early Payout = No-Interest Loan: If your number is drawn early, you receive the full $1,000 upfront, effectively getting an interest-free loan.
Late Payout = Savings Plan: If your number is drawn later in the cycle, the Tanda functions more like a forced savings account, ensuring you receive your payout after consistently contributing.
To maintain trust and accountability, failure to make payments results in collateral liquidation and a flagged wallet.
This system blends the community-based trust of a Tanda with blockchain security and automation, ensuring fair payouts and accountability. 🚀
In Development