A savings circle runs on trust between people. Moving it on-chain adds something the analog version never had: a shared record everyone can check, and rules that no single person can quietly change.
These aren't features we added — they're the reason Cenkali exists on-chain in the first place.
Cenkali doesn't hold, move, or control your money. You join through your own smart wallet and keep control of it. Public smart contracts do exactly what their code says.
The contract sends each payout to whoever's turn it is, in the order the circle agreed to. There's no hidden switch that lets Cenkali — or anyone — take funds or change where a payout goes.
Contract rules, contributions, and payouts are recorded on Base. Anyone can check them, any time — you never have to take our word for what happened.
Circles use only USDC. Keeping to a single, dollar-denominated stablecoin avoids the added risks that come from mixing in volatile collateral tokens.
Cenkali is pre-launch. Before real money is ever involved on the main network, the contracts are planned to go through the reviews below.
No audit makes software risk-free. Layering several independent reviews is how serious protocols reduce that risk.
A review by reputable, independent security firms with DeFi experience.
A time-boxed contest where many researchers try to break the contracts.
An ongoing reward for anyone who responsibly reports a vulnerability.
On top of that, the plan is to renounce or time-lock administrative controls after audit, so no one can quietly change the rules — and any pause capability preserves your ability to withdraw. Base has had short outages before, so the contracts are designed to retry and wait for the network to recover rather than fail.
We'd rather move carefully than promise something we can't responsibly offer yet. Rules for digital finance differ a lot by place, so we're starting narrow.
Cenkali is still being built and tested. Nothing here is a product you can use today or an offer of one.
At launch, Cenkali will not be available to residents of New York or the European Union.
We're working with legal counsel, market by market, and will expand only as it's responsible to do so.
This page is for general information only and is not legal, tax, or investment advice, and not an offer to sell or solicitation to buy any product or security. USDC is issued by Circle; Cenkali is not affiliated with Circle. Please do your own research and consider seeking independent advice.
Good — that's the right instinct. See exactly how a circle works, or get updates as we build.
See how it works