Step-by-step guide to starting your own blockchain ROSCA, tanda, or pasanaku on KhipuVault.

Creating a Rotating Pool

Start your own rotating savings pool and invite trusted members to participate. This guide walks through the complete creation process.

Before You Start

Prerequisites

1. MUSD Balance You'll need MUSD for:

Gas fees (~$0.50 for contract deployment)
Optional collateral deposit
Your own first contribution

2. Member List Identify your participants:

Minimum: 3 members (including you)
Maximum: 50 members
Recommended: 5-20 members

3. Pool Parameters Decide on:

Contribution amount per member
Payment schedule (weekly/biweekly/monthly)
Start date
Collateral requirements (if any)

Planning Worksheet

Before creating the pool, answer these questions:

1. How much can each member commit per round?
   Amount: $_______ MUSD

2. How often will contributions occur?
   [ ] Weekly  [ ] Biweekly  [ ] Monthly  [ ] Custom

3. How many members? (including yourself)
   Count: _______

4. Total pot per round?
   Members × Amount = $_______ MUSD

5. How long will a complete cycle take?
   Members × Interval = _______ weeks/months

6. Require collateral to prevent defaults?
   [ ] Yes, _____% upfront  [ ] No

7. Allow emergency exits?
   [ ] Yes, with _____% penalty  [ ] No

Step 1: Navigate to Pool Creation

Open KhipuVault Dashboard

Go to app.khipuvault.com and connect your wallet.

Access Rotating Pools

Click "Rotating Pool" in the main navigation.

Start Creation

Click "Create New Pool" button.

Step 2: Configure Basic Settings

Pool Name & Description

Pool Name: "Neighborhood Tanda - January 2026"
Description: "Monthly savings pool for home improvements"

Tips:

Use descriptive names
Include time period
Mention purpose if relevant

Member Count

Number of Members: 10

Considerations:

Smaller groups (5-8): Easier to coordinate, faster cycles
Medium groups (10-15): Balanced, traditional size
Larger groups (20+): Higher pots, longer cycles

Contribution Amount

Contribution per Member: 100 MUSD

Considerations:

Must be affordable for all members
Consider members' income levels
Remember: Amount × Members = Total pot each round

Example Calculations:

5 members × $200 = $1,000 pot every round
10 members × $100 = $1,000 pot every round
20 members × $50 = $1,000 pot every round

Same pot size, different trade-offs on member count vs. contribution amount.

Payment Schedule

Rotation Interval: Monthly (every 30 days)

Common schedules:

Weekly: Fast cycles, requires discipline
Biweekly: Matches payday for many workers
Monthly: Traditional, easier to budget

Start Date:

First Contribution Due: February 1, 2026, 12:00 PM UTC

Pick a date that gives members time to join and prepare funds.

Step 3: Set Rotation Order

Fixed Order (Recommended)

Option A: First-Come, First-Served

Order determined by join sequence
Member who joins 1st → Receives Round 1
Member who joins 2nd → Receives Round 2
...

Pros: Simple, fair, transparent Cons: May favor faster joiners

Option B: Random Lottery

Order randomly assigned on-chain when pool starts
All members have equal chance for any position

Pros: Completely fair Cons: Unpredictable, may not suit planned expenses

Option C: Manual Assignment

Organizer sets specific order:
Round 1 → 0xAbcd...1234
Round 2 → 0xEfgh...5678
...

Pros: Accommodate specific needs (e.g., wedding dates) Cons: Requires trust in organizer's fairness

Option D: Member Voting

Members propose order
Requires majority approval to finalize

Pros: Democratic Cons: Time-consuming, potential conflicts

Bidding Order (Advanced)

Enable bidding for dynamic order:

Allow Bidding: Yes
Minimum Discount: 1% (1 MUSD on $100 pot)
Maximum Discount: 15% (15 MUSD on $100 pot)

How it works: Each round, members bid a discount to receive early.

Example:

Round 1 Bids:
- Member A: 10% discount (receive $900 now)
- Member B: 5% discount (receive $950 now)
- Member C: No bid

Winner: Member A (highest discount)
Member A receives $900, cycle continues

Bidding complexity warning:

Bidding ROSCAs work well for sophisticated groups but can confuse traditional ROSCA participants. Stick with fixed-order for cultural authenticity.

Step 4: Configure Security Settings

Collateral Requirements

No Collateral:

Collateral Required: No

Relies purely on trust and penalties.

Partial Collateral:

Collateral Required: Yes
Collateral Percentage: 50%

Each member deposits 50% of total pot upfront.

Full Collateral:

Collateral Required: Yes
Collateral Percentage: 100%

Each member deposits full pot value upfront.

Recommended approach:

Trust Level	Collateral
Family/close friends	0-25%
Coworkers/neighbors	25-50%
Online community	50-100%

Late Payment Rules

Grace Period:

Grace Period: 3 days

Extra time after due date before penalties apply.

Penalty Rate:

Late Penalty: 5% per week overdue

Example:

Contribution due: Feb 1
Grace period ends: Feb 4
Member pays on Feb 8: 4 days late = 5% penalty = $5 extra
Member pays on Feb 15: 11 days late = 10% penalty = $10 extra

Default Handling

Default Threshold:

Missed Payments Before Default: 2

Default Consequences:

1. Collateral slashed to cover missing contributions
2. Member expelled from pool
3. Address blacklisted from future pools

Emergency Exit Policy

Allow Exits:

Emergency Withdrawal: Enabled
Exit Penalty: 10% of remaining equity

Example:

Member C paid 3 rounds ($300)
Member C hasn't received payout yet
Emergency exit request approved
Refund: $300 - 10% penalty = $270

Step 5: Review & Deploy

Configuration Summary

Review all settings before deploying:

Pool Configuration:
├─ Name: Neighborhood Tanda - January 2026
├─ Members: 10
├─ Contribution: 100 MUSD per member
├─ Schedule: Monthly (every 30 days)
├─ Start Date: February 1, 2026
├─ Total Pot per Round: 1,000 MUSD
├─ Complete Cycle Duration: 10 months
├─ Rotation Order: First-come, first-served
├─ Collateral: 50% (500 MUSD per member)
├─ Grace Period: 3 days
├─ Late Penalty: 5% per week
├─ Emergency Exit: Allowed (10% penalty)
└─ Estimated Gas: 0.0012 ETH (~$0.50)

Deploy Contract

Click "Deploy Pool"

This creates the smart contract on-chain.

Sign Transaction

Approve the transaction in your wallet.

Gas fees: ~$0.50 (varies by network congestion)

Wait for Confirmation

Usually takes 5-15 seconds on Mezo testnet.

Get Pool Address

Pool deployed at: 0x7a8E9F...3B4C
Pool ID: #42

Step 6: Join as First Member

As the organizer, you must join your own pool:

Approve MUSD Spending

Allow the pool contract to pull contributions.

Approve Amount: Unlimited (recommended)
OR
Approve Amount: 1,000 MUSD (10 rounds × 100)

Deposit Collateral (if required)

Collateral Amount: 500 MUSD (50% × 1,000)

Confirm Membership

Sign the transaction to officially join.

You're now Member #1 in the rotation order.

Step 7: Invite Members

https://app.khipuvault.com/pools/rotating/42

Or share QR code:

Generate QR code from pool dashboard for easy mobile sharing.

Provide Pool Details

Send members this information:

🎯 Join Our Tanda!

Pool Name: Neighborhood Tanda - January 2026
Contribution: 100 MUSD per month
Total Pot: 1,000 MUSD per round
Members: 10 total (2/10 joined)
Start Date: February 1, 2026
Duration: 10 months

Security:
✓ 50% collateral required (500 MUSD)
✓ 3-day grace period
✓ 5% late penalty

Join here: [link]
Pool Address: 0x7a8E9F...3B4C

Monitor Joiners

Track membership in real-time on the pool dashboard:

Member Status:
1. You (Organizer) ✓ Joined
2. [Pending]
3. [Pending]
...
10. [Pending]

Set Member Deadline

Membership Closes: January 25, 2026
OR
Membership Closes: When 10 members join

Step 8: Start the Pool

Prerequisites Check

Before starting, verify:

✓ Minimum members met (3+)
✓ All members deposited collateral
✓ All members approved MUSD spending
✓ Rotation order finalized
✓ Start date configured

Manual Start (Optional)

If you don't want to wait until start date:

Click "Start Pool Early"
Requires: Organizer + majority member approval

Automatic Start

Pool automatically activates on the start date:

Start Date: February 1, 2026, 12:00 PM UTC
Status: ACTIVE

Step 9: Manage Pool

Organizer Dashboard

Monitor pool health:

Payment Tracking:

Round 1 (Feb 1 - Feb 28):
- Payments: 9/10 ✓
- Late: 1 (3 days overdue)
- Defaulted: 0
- On-time rate: 90%

Actions Available:

Send payment reminders
Approve emergency exits
Escalate defaults
Update metadata (name, description)
Pause in emergency

Communication Tools

Built-in messaging:

Send Announcement: "Reminder: Round 2 payments due Feb 28"
Tag members: @Everyone

Payment reminders:

Auto-remind: 3 days before due date
Manual remind: Click member → Send reminder

Dispute Resolution

If conflicts arise:

Review on-chain data
- All contributions are timestamped
- All payments are verifiable

Use built-in evidence

Member B claims they paid:
→ Check transaction hash
→ Verify timestamp
→ Confirm amount

Escalate if needed
- Multi-sig organizers vote
- Emergency pause
- Refund and dissolve

Best Practices

For Organizers

1. Know Your Members

Only invite people you trust or who come recommended
Verify they understand commitment
Check they have stable income

2. Set Realistic Parameters

Don't over-estimate member capacity
Choose affordable contribution amounts
Allow grace periods for life events

3. Communicate Clearly

Send regular updates
Remind before due dates
Celebrate successful rounds

4. Start Small

First pool: 5-8 members, lower amounts
Build trust and reputation
Scale up after successful completion

5. Document Everything

Save pool address and ID
Keep member contact info
Note any special agreements

Common Mistakes to Avoid

❌ Setting contributions too high Members can't sustain payments, defaults increase.

❌ No collateral with strangers High default risk without skin in the game.

❌ Unclear rotation order Leads to disputes and confusion.

❌ Ignoring late payments Small delays compound into major defaults.

❌ Starting before members ready Some members may not have funds prepared.

Example Pool Configurations

Conservative Pool (Low Risk)

Members: 6 close family members
Contribution: $50 MUSD monthly
Pot: $300 per round
Collateral: 25%
Grace Period: 7 days
Duration: 6 months

Good for: First-time ROSCA organizers, tight-knit groups.

Standard Pool (Balanced)

Members: 10 coworkers
Contribution: $100 MUSD biweekly
Pot: $1,000 per round
Collateral: 50%
Grace Period: 3 days
Duration: 20 weeks (5 months)

Good for: Traditional tanda participants, workplace pools.

High-Value Pool (Structured)

Members: 15 community members
Contribution: $500 MUSD monthly
Pot: $7,500 per round
Collateral: 75%
Grace Period: 1 day
Multi-sig: 3 of 5 organizers
Duration: 15 months

Good for: Home down payments, business capital, serious savers.

Rapid Pool (Fast Cycles)

Members: 5 friends
Contribution: $200 MUSD weekly
Pot: $1,000 per round
Collateral: 0% (trust-based)
Grace Period: 1 day
Duration: 5 weeks

Good for: Short-term goals, high-trust groups, urgent needs.

Next Steps

Now that your pool is created:

Participating - Guide for members
Receiving Payout - Claiming process
FAQ - Troubleshooting

Ready to start your tanda? Create a rotating pool →

Creating a Rotating Pool

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