Circlepot digitizes traditional rotating savings and credit associations (ROSCAs) using blockchain technology. Create or join savings circles where members contribute regularly, and each person receives the full pot when their turn arrives—all with complete transparency and zero gas fees.
The technical foundation of Circlepot is built for accessibility and reliability. It operates on the Celo L2, an Ethereum-compatible network known for its low-cost and high-speed transactions. At the heart of its economy are Mento Protocol's stablecoins, starting with the Celo Dollar (cUSD), which provides a stable digital currency pegged to the US dollar, shielding users from the volatility of cryptocurrencies. Looking ahead, Circlepot is poised to integrate a suite of future Mento stablecoins, including cKES (Kenya Shilling), cEUR (Euro), cGHS (Ghanaian Cedis), cNGN (Nigerian Naira), and cZAR (South African Rand), ensuring local relevance across key markets.
A critical component of Circlepot's seamless experience is its sophisticated wallet infrastructure powered by Thirdweb. Instead of complex private keys, users get self-custodial smart wallets that are easy to create and manage. Utilizing EIP-7702, these wallets combine the simplicity of traditional accounts with the power of smart contracts. Furthermore, through Thirdweb's paymaster infrastructure, all transaction gas fees are sponsored, meaning users can save and transact without ever needing to hold or pay for gas, a major barrier to entry in Web3.
Circlepot enhances this foundation with a suite of key mechanisms designed to ensure trust and functionality. Features like collateralized commitments and automated retries protect the group's savings pool and ensure smooth operation. A built-in reputation scoring system helps maintain accountability among members, while tools for setting personal savings goals empower individuals within the collective. Finally, seamless fiat integration is achieved through established Celo ecosystem partners like Fonbnk, Partna, and Yellow Card, allowing users to easily convert their local currency into digital assets and back, completing a full-circle financial experience that is both modern and deeply rooted in community tradition.
Helping millions of people around the world save and grow together through trusted digital savings circles that work just like the ones they know — only easier and safer.
Traditional Savings Circles Face:
CirclePot solves these challenges by leveraging Celo L2 and Thirdweb's unique capabilities:
Smart Savings Strategy:
Lock your savings as collateral (stays safe and untouched)
Join circles using regular income for contributions
Receive payout when your position arrives
Get collateral back after successful completion
Create personal savings goals with flexible penalties
Never worry about gas fees - completely abstracted away by Thirdweb
Market Opportunity
60% of Nigerians use informal savings groups
$2 billion flows through ROSCAs in Kenya annually
200 million people globally participate in savings circles
95% of potential users intimidated by blockchain complexity
Thirdweb's account abstraction removes all barriers
Growing Celo ecosystem provides robust on/off-ramp infrastructure
CirclePot generates revenue through minimal, volume-based fees while keeping user costs near zero. The core of the model is a 0.2% platform fee on member payouts, supplemented by small penalties for undisciplined savings withdrawals and optional premium features for circle creators. This structure is over 90% cheaper for users than competitors, who charge 2-5% plus gas fees, because CirclePot's infrastructure on Celo L2 and Thirdweb allows for sponsored gas transactions. Profitability is achieved through high user volume and viral growth, not high per-transaction costs.
Want to raise from VCs
Global, Africa, Latam
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