Vaquita
First gamify Save-to-Earn DeFi platform
The problem Vaquita solves
60% of people in LATAM don't save, and there is no culture or incentive to save long term to change this.
Vaquita incentivize long-term savings by using game theory with a dynamic reward pool. We gamify savings by rewarding users who stay committed with added interest while penalizing early withdrawals, ensuring higher returns for long-term savers.
Contract in Sepolia: https://sepolia.basescan.org/address/0xb3C6a1755161BB196cA121dd2f6c70CAE4DB660A
Contract in Mainnet: https://base-mainnet.g.alchemy.com/v2/JmzjfPd_QYpSaYkqyOovAbRRaWj0c37i
Challenges we ran into
In the last version of Vaquita, we struggled to define the real value proposition of the product. The system was difficult to implement and even harder to scale.
We decided to start again from scratch, focusing on the real problem instead of the product itself: saving. Once we shifted our focus to the problem, we came up with the idea of gamifying the entire experience to incentivize long-term savers.
Making this change wasn’t easy, since we had to rebuild everything we had developed, from the smart contract logic to even all the UX.
For this buildathon, we introduces a new and refreshing UX/UI to attract new users not only from web3 but from all the world. We connect this UI with the logic behind, where you can see all other users participating in the pool.
Tracks Applied (3)
Consumer
Showcase
DeFi
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