Honestly, we couldn't imagine a better place to launch Vaquita than Based LatAm! It's all about building solutions for Latin America, and that's exactly what we're doing. We want to help people build a better financial future, and we think Vaquita can be a real game changer.

We've seen firsthand how many people in Latin America struggle to access basic financial services. It's tough to build a secure future when you can't even open a savings account or get a loan! That's where Vaquita comes in. We're using Base to build a platform that's easy to use and feels familiar, kind of like the traditional savings circles people already know, but with the added benefits of blockchain. This way, communities can support each other, build credit, and take control of their finances. We want to change the way the people save, creating good habits for help them growth their wealth.

Vaquita addresses this challenge with a unique blend of traditional practices and blockchain technology. Users join savings rounds by staking collateral, ensuring commitment and trust. Each month, the collective savings go to a member in need, empowering community support. Early payments earn higher interest, incentivizing responsible saving habits. With a built-in credit scoring system, future rounds can be collateral-free, clearing the way for a community lending platform. This approach promotes financial inclusion, reduces reliance on predatory lenders, and empowers communities to take control of their financial future.

We really struggled at first to figure out how to capture the essence of these informal savings circles. It was tough to design a system that kept everyone motivated and ensured people would actually make their payments. But then, after talking to a bunch of people and getting their feedback, we got it, game theory! By adding incentives and penalties, we could encourage everyone to do their part and make the savings round work.