Save in dollars. Earn real yield.
SquiStack is a Telegram-native savings and yield platform purpose-built for the African retail investor. By abstracting away blockchain complexity, SquiStack enables anyone with a Telegram account and a Nigerian bank account to earn dollar-denominated yield of up to 100%+ APY — through a suite of four savings products deployed on Base L2.
The African savings landscape is broken in three critical ways. First, currency erosion: the naira lost over 70% of its value against the dollar in 2023–2024 alone. Saving in local currency is a guaranteed way to lose purchasing power.
Second, trust collapse in informal savings clubs (ajo/esusu): group savings pools with no smart-contract enforcement, no transparency, and frequent fraud — costing Nigerians billions annually.
Third, the yield gap: Nigerian banks offer 3–8% interest on naira savings while global DeFi protocols offer 40–100%+ APY on stablecoins. That gap is SquiStack’s opportunity.
SquiStack creates a seamless bridge between Nigerian naira and on-chain dollar yield — entirely within Telegram. The user journey is frictionless: deposit NGN via bank transfer, earn yield in USD, withdraw NGN to your bank account.
We’ve eliminated every barrier that has historically kept retail Africans out of DeFi: no wallet management, no gas fees (abstracted), no crypto knowledge required, no new app to download.
The result: anyone with a phone, a Telegram account, and a bank account can now access institutional-grade yield infrastructure.
Funds flow through a layered yield stack on Base L2. USDC is deployed into Aave v3 as the primary money market layer, supplemented by liquidity provision on Aerodrome and Uniswap v3 for additional yield.
All contracts are deployed on Base L2, chosen for its EVM compatibility, low gas fees, and Coinbase-backed security guarantees. Smart contracts are open source, immutable after deployment, and independently audited.
SquiStack’s revenue model is aligned with users: a 15% performance fee on yield earned. We make money only when our users make money. There are no management fees, subscription costs, or hidden spreads beyond a transparent 0.5% FX conversion fee.
A future $SQRL governance token is planned for Q3 2026. Token utility will include yield boosting, fee discounts, governance participation, and referral reward distributions. Details will be published in a forthcoming Tokenomics Paper.
Q1 2026 (current): Closed beta with 200 users · AutoSave and SafeLock live · Paystack integration complete · Smile ID KYC deployed.
Q2 2026: Public launch · CryptoFlex and JointVault · $SQRL token announcement · First institutional yield partners.
Q3 2026: $SQRL token launch · Multi-chain expansion (Arbitrum, Polygon) · Ghana and Kenya market entry.
Q4 2026: SquiStack Card (virtual USD debit card) · B2B API for payroll savings · Series A fundraise.
SquiStack is built by a team with deep roots in African fintech, DeFi infrastructure, and consumer product growth. The founding team previously shipped products used by hundreds of thousands of Africans across payments, lending, and remittances.
We are backed by angel investors from Flutterwave, Paystack, and leading African venture capital firms. Details of our seed round will be announced at public launch.
Smart contract risk: Despite auditing, all smart contracts may contain undiscovered vulnerabilities. Funds could be partially or fully lost in an exploit event.
Regulatory risk: The regulatory landscape for crypto assets in Nigeria and Africa is evolving. Adverse regulatory changes could require product modifications or market exits.
FX risk: If NGN appreciates significantly versus USD, NGN withdrawal amounts could be less than the initial NGN deposit in nominal terms.
Yield variability: APY figures are based on trailing performance and will fluctuate with market conditions. Past performance is not a guarantee of future returns.
This document is for informational purposes only and does not constitute an offer to sell or solicitation of an offer to buy any securities. SquiStack Technologies Limited is not a licensed investment adviser or bank. Crypto assets carry risk. Please do your own research before investing.