SquiStack
Product Docs
Everything you need to understand how SquiStack’s four savings products work — mechanics, rules, yield, and what happens to your money.
What is SquiStack?
SquiStack is a Telegram-native savings and yield platform built for Africans who want to save and grow their money in dollar-denominated assets — without needing a bank account, a broker, or deep crypto knowledge.
You deposit naira (NGN) via your bank. We convert it to USD-backed stablecoins, deploy them into battle-tested DeFi protocols on Base L2, and return the yield to you in NGN at withdrawal. Everything happens inside Telegram — no separate app, no new passwords.
Like a squirrel storing nuts for winter, SquiStack helps you consistently set aside money and put it to work — so your future self thanks you.
How Yield Works
When you deposit NGN, SquiStack converts it to USDC at the prevailing market rate. That USDC is deployed into yield-generating strategies on Base L2 — primarily Aave v3 and select liquidity protocols.
Yield is credited daily to your vault balance. It compounds automatically. When you withdraw, the total USDC (principal + yield) is converted back to NGN and paid to your linked bank account.
All APY figures shown are based on trailing 30-day performance. Actual returns may be higher or lower. Past performance is not a guarantee of future returns.
KYC & Transaction Limits
SquiStack uses Smile ID for identity verification, compliant with Nigerian Financial Intelligence Unit (NFIU) guidelines. KYC is required before first withdrawal.
Deposit up to ₦50,000 per month. Cannot withdraw until KYC is completed.
Deposit and withdraw up to ₦500,000 per month. Processing within 24 hours.
Unlimited deposits. Withdrawals up to ₦5,000,000 per month. Processing within 2 hours.
Moving Money In & Out
Send NGN via bank transfer to your unique virtual account number (powered by Paystack). Funds are typically received within 5 minutes. Your vault balance updates in real time.
Initiate withdrawals from the Telegram bot. Funds are sent to your verified bank account within 2–24 hours depending on your KYC tier. A 0.5% withdrawal fee applies (minimum ₦500).
Link your bank account before your first deposit so withdrawals are instant once approved.
AutoSave
AutoSave lets you set a recurring savings amount on a schedule you choose — daily, weekly, or monthly. The bot automatically debits your linked funding source and deposits into your AutoSave vault.
Each consecutive day you save earns you +1 streak day. Reaching 7-day, 30-day, and 90-day streaks unlocks APY bonuses of +5%, +10%, and +20% respectively. Missing a day resets your streak.
SafeLock
SafeLock is a fixed-term vault. You lock your USDC for a chosen period (6–24 months) and earn a higher, fixed APY for the duration. Early withdrawal incurs a penalty fee.
CryptoFlex
CryptoFlex is a flexible vault with no lock period. Deposit and withdraw any time. Yield is generated via a conservative looping strategy on Aave v3 — borrowing at low rates and lending at higher ones.
JointVault
JointVault is a shared savings vault for groups — friends, families, or colleagues. Create a vault, invite up to 10 members, and everyone contributes on a shared schedule. Think of it as ajo/esusu — but on-chain and yield-bearing.
Fee Schedule
SquiStack charges a 15% performance fee on yield earned — meaning we only make money when you make money. There are no management fees, no subscription costs.
Withdrawal fee: 0.5% (min ₦500) · SafeLock early exit: 2% of principal · FX spread: ~0.5% on NGN ↔ USDC conversions.
Security & Custody
SquiStack is non-custodial. Your funds are held in smart contracts on Base L2, not in a SquiStack bank account. Wallet keys are managed via Privy’s embedded wallet infrastructure — you always control your keys.
Smart contracts are audited by independent security firms before deployment. All contracts are open source and verifiable on Basescan.
Risk Disclosures
DeFi investing carries real risks. Do not invest money you cannot afford to lose.
Vault strategies execute via Solidity smart contracts on Base L2. Despite auditing, smart contracts may contain bugs or be subject to exploits.
SquiStack relies on Aave v3 and other DeFi protocols. Changes to protocol governance or protocol failure could affect yields or principal.
All APY figures are variable and may fall significantly based on market conditions.
If NGN strengthens significantly against USD between deposit and withdrawal, your NGN payout could be less than your initial deposit in nominal terms — even if your USD balance has grown.