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Solidarity Primitives

Solidarity primitives are the development tools Bread Cooperative builds to forge solidarity between individuals and collectives. They are similar to financial primitives in the crypto space in that their parts can be abstracted and built on top of, but the relations they facilitate are ones of solidarity, not financial speculation.

In practical terms, a solidarity primitive collectivizes effort and capital — much like workers historically put their savings into local credit unions rather than giant banks — and encodes those collective relationships directly in open-source smart contracts. You can read the original framing of the term on our blog.

Our Solidarity Primitives

Section titled “Our Solidarity Primitives”
  • Solidarity Fund (Crowdstaking) — The Bread Cooperative’s flagship primitive. Users bake the BREAD token by depositing xDAI, which is converted to sDAI. The yield is then distributed to member projects through participatory yield governance, and depositors can always reclaim their xDAI by burning BREAD.
  • Bread Stacks (Savings Circles) — Open-source Solidity smart contracts that bring the centuries-old practice of rotating savings circles (tandas, susus, stokvels, chit funds, and many more) on-chain. Members contribute on a schedule and take turns receiving the pooled funds.

Related

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