Sargo is a non-custodial stablecoin exchange designed to improve access to stablecoins emerging markets. Leveraging Celo's fast, low-cost blockchain, Sargo enables low-value swaps (starting at $0.50) between mobile money (e.g., M-Pesa, KCB, I&M and Equity Bank) and stablecoins like USDT, USDC, cKES and cUSD, with fees capped at 1%.
Key activities within this project:
User onboarding via automated AI agents (ELISA framework) + local merchants. Using incentives (first-swap bonuses, volume rewards) delivered through Sarafu, Telegram and X (Twitter).
Merchant (liquidity) management, incentivising rapid response times (<1-minute average) using (AI) automated bonuses and performance rewards with a dashboard.
Cross-chain stablecoin testing, bridging liquidity between Celo and Base (tbc) using Open USDT, positioning Celo as a central clearing hub.
Over a four-month timeline (split into two milestones at months two and four), the project will onboard 250+ verified users, activate 15+ merchants, execute 1,000+ swaps (>$10,000 total volume), and publicly release open-source smart contracts, AI agent automation logic, and a merchant leaderboard. Sharing learning via a report and webinar.
This grant will enable Sargo to achieve clear user adoption and growth milestones, laying a solid foundation for scaling its AI-driven liquidity incentives, user acquisition, and marketing activities beyond the grant period. Providing the users, data and foundations for seed investment.