Washika DAO, a swahili word for “Stakeholders” (Washikadau) is a framework and protocol aimed at transforming governance and financial inclusion for marginalized communities such as Village Community Banks (VICOBAs), Savings and Credit Cooperative Societies (SACCOS), and Chamas across communities in the global south. Built on the Celo blockchain and leveraging the use of stablecoins, Washika DAO provides a robust platform for savings, lending, and governance, designed to empower communities and promote sustainable economic growth.
Our focus is on scalable solutions that integrate innovation with existing community practices, such as the Washika DAO protocol, to create sustainable economic growth and resilience, while critically assessing the trade-offs and impacts on marginalized communities. By examining the potential of novel credit systems to empower local economies, enhance financial autonomy, and reduce dependency on conventional traditional structures. Leveraging decentralized finance (DeFi) technologies and community-driven models. Central to this exploration is the question: At what cost are marginalized communities truly financially included?
Washika DAO is a decentralized platform that provides secure, transparent, and accessible financial services for marginalized communities in East Africa, starting with Tanzania and Kenya. Built on the Celo blockchain, Washika DAO enables community groups like VICOBAs, SACCOs, and Chamas to save, lend, and manage their finances in a decentralized and efficient way.
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Creating DAO and members joining |
Washika DAO empowers underserved communities with the following key features:
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Decentralized Savings:
- Securely deposit savings into smart contract-managed pools.
- Earn interest on deposits, which is automatically calculated and distributed via smart contracts.
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Community-Backed Lending:
- Apply for loans directly from the community's pooled savings.
- Loans approved based on community governance, ensuring fairness and transparency.
- Automated repayments managed by smart contracts.
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Lending pools for funders |
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Transparent Governance:
- Participate in decision-making through a DAO structure.
- Vote on key issues such as interest rates, loan terms, and platform upgrades.
- All governance activities are recorded on the blockchain for transparency.
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Education and Financial Literacy:
- Access educational resources to improve financial literacy.
- Participate in community workshops on savings, lending, and financial management.
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Governance learning center, DAO Toolkit |
Our mission is to revolutionize financial inclusion for East African communities by providing decentralized financial tools that enhance security, transparency, and empowerment. By leveraging the power of DeFi, we aim to create a sustainable financial ecosystem for marginalized communities.
- Blockchain: Celo for secure, decentralized transactions using cUSD stablecoin.
- Smart Contracts: Solidity for managing savings, lending, and governance, foundry framework.
- Frontend: React and Web3 for the user interface and wallet integration.
- Backend: Node.js for server-side logic and smart contract interaction.
To get started with the Washika DAO , this repo contains all the tech stack development environments. Feel free to reach out to our socials for any enquiries and support
We welcome contributions from the community! To get involved:
- Fork the repository.
- Create a new branch for your feature or bug fix.
- Submit a pull request once complete.
- Ensure to follow the Contribution Guidelines.
This project is licensed under the MIT License. See the LICENSE file for details.
Help us build the future of financial inclusion! Whether you're a developer, community leader, or financial expert, we invite you to contribute to Washika DAO. Together, we can create a fairer, more inclusive financial system for everyone.
v1 Contract Address: 0x50d92eA99AF339519Cd060c73d2DB24620AF2f57
Contract Creator Address(deployer): 0x590Ab3FfA33644F1fDC648627Cd5eC937a271A20
Chain ID: 44787
CeloAlfajores
- Visit Us: Washika DAO Website
- Join the Community: Follow us on Twitter and LinkedIn