DConsórcio is a blockchain-based version of the traditional Brazilian consórcio. It's a decentralized group savings scheme where participants contribute monthly payments to a pool, and one or more participants are selected to receive the pooled funds each month. This model leverages smart contracts to automate the process, ensuring transparency, security, and fairness without intermediaries.
Purpose: Manages the creation and overall management of multiple consórcios.
Key Functions:
createConsórcio: Create a new consórcio with specific parameters (e.g., duration, monthly contribution, number of participants).joinConsórcio: Join an existing consórcio, with rewards for early participants.getConsórcioDetails: Fetch details of a specific consórcio.
Purpose: Manages a single consórcio, handling contributions, participant selection, fund distribution, and default penalties.
Key Functions:
contribute: Make monthly contributions, with double rewards for early participants.selectRecipient: Use a secure random function to select recipients, with higher probability for early contributors until 20% of total funds is reached.distributeFunds: Automatically distribute pooled funds to the selected recipient.default: Exclude participants who miss payments and forfeit their contributions.withdraw: Allow participants to withdraw funds if leaving early (subject to rules).
Purpose: Provide a secure random number for recipient selection.
Key Functions:
getRandomNumber: Generate and return a random number for fair selection.callback: Receive the random number in the Consórcio contract.
Purpose: Represent contributions and rights to receive funds within the consórcio.
Key Functions:
mint: Create new tokens representing a participant's share.transfer: Allow token transfers between participants.
- ConsórcioManager creates new Consórcio contracts.
- ConsórcioManager tracks active consórcios and provides access to their details.
- Joining: Participants join via the Consórcio contract, with early participation rewards.
- Contributing: Monthly payments are made through the contribute function, with early contributors receiving double rewards.
- Selection and Distribution: The Consórcio contract uses the RandomNumberOracle for recipient selection, favoring early contributors until 20% of total funds is reached.
- Defaults: Missed payments result in exclusion and forfeiture of contributions.