Aegos

Inspiration

This dapp is inspired by the idea of people from a closed community coming together to save, invest and borrow funds, also known as a form of rotating savings and credit association (ROSCA), around the world.

What it does

Aegos addresses the issue that this community faces, which involves low trust in participants and low security of funds as well as fund management costs. With Aegos, there is no middleman involved and the smart contract itself is the fund manager. Here, every fund participant is to pledge crypto collateral of a value 120% greater than their individual fund value (duration * monthly amount), providing security from deposit defaulters. If there is a default in depositing, then all of the crypto collateral is sold, thus keeping the fund alive.

What's next for Aegos

Aegos aims at empowering individuals all over the world by helping them manage their finances, i.e. their savings, investments (interest rates, lending) and borrowing.

Built With

• css
• html
• javascript
• solidity