Capital Frens
Make stable income
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About
The problem it solves Pensions are a BIG and growing problem in LATAM. LATAM is the fastest aging population in the world, with more than 70 million people aged +60, it is expected this number will double by 2050. Yet, traditional pension systems can't keep up with the demand. Both public and private systems lack the funding, transparency and safety needed for people to trust them. Actually more than 2 out of 3 people dont contribute to their pension pot, and we beleive both the lack of simple yet reliable systems are they. Our team has +10 years of experience in the pension industry, making us unique and have a crystal clear understanding of whats going on. Pension insurance products (aka annuities) are too complex for people to get, and the inability of people to make a purchase decision has been even studied by economists for decades and is now called the "annuity puzzle". Our solution makes pension SIMPLE. No paperwork, no months of bureaucracy to get your pension (believe us, it does take that long), no complex financial decisions: Just input your desired pension amount in USDC and desired duration of your retirement and BOOM: We automatically calculate how much money you need to finance that pension. After that its just a breeze: Connect your wallet, deposit the required funds and BOOM: You will get a fixed pension (no market volatility for you) in your wallet minted every month.
How it's made
Challenges we ran into We run into a lot of trouble lol PRODUCT DESIGN: First, we had to define the functions for the smart contracts; there was accumulation function at the beginning but we decided to go for decumulation system first. TOKENOMICS: Originally we wanted to launch with token included as a means of value distribution between participants (aka: token-gating the experience; only holders can participate) but then we chose just to launch working product for this Hackathon. INVESTMENT STRATEGY: Initially we set out to manage the deposits via multi-sig wallet, however then we went to a more narrow strategy; supplying the funds with Aave to generate yield. We love Base. We are based.