Akyba is a fully on-chain implementation of traditional community savings & credit groups (ROSCA / ASCA), designed for emerging markets.
Using Cardano’s eUTxO model, smart-contracts written in Aiken, and identity-bound tokens (CIP-68), Akyba replaces trust-based, paper-driven tontines with verifiable, automated, non-custodial group savings and micro-loan cycles.
The DApp is a prototype. They are seeking funding in Catalyst Fund 15.
With Akyba, people can:
- Create or join savings groups
- Deposit collateral and make periodic contributions
- Automatically rotate payouts fairly and transparently
- Request and vote on group loans (ASCA mode)
- Borrow, repay, and trigger collateral-backed liquidation if needed
- Track full group lifecycle on-chain: Init → Join → Contribute → Distribute → Borrow/Repay → End
The protocol is open-source, Apache-style licensed, and the MVP is already live on Cardano Preview testnet. The objective of the current funding (Catalyst Fund 15) is to finalize audit, extend features (multi-asset / stablecoin support), polish UX, and launch a production-ready version.
Akyba aims to bring scalable, transparent RealFi infrastructure to millions already using informal savings groups in Africa, Asia, and emerging economies, giving them a secure, decentralized alternative with Web3 benefits.
