CYCLR
Project Information
At a Glance
CYCLR tracks your products on XRPL, staking crypto for each items you buy. Earn APY, recycle, and profit. The future is circular.
Description
CYCLR is a decentralized platform that solves the global waste crisis by turning recycling into a financial investment. We replace the broken "take-make-dispose" linear economy with a circular model where manufacturers, consumers, and recyclers are all financially incentivized to act responsibly.
How It Works The system operates on a "Deposit-Yield-Reward" cycle powered by the XRP Ledger:
The Escrow: When a product is sold, a refundable deposit (from both the manufacturer and the customer) is locked into an XRPL Native AMM pool (XRP/CUSD).
The Yield: Instead of sitting idle, these funds provide liquidity to the ledger, earning trading fees over the product's lifespan (e.g., a 2-year warranty period).
The NFT Passport: The product is minted as an XRPL NFT, which tracks ownership and warranties on-chain.
The Reward: When the product is finally recycled, the original deposit plus the accumulated interest (yield) is withdrawn. This profit is split between the consumer (for recycling), the manufacturer (for eco-design), and the recycling facility.
By leveraging XRPL's speed, low fees, and carbon-neutral consensus, CYCLR proves that saving the planet can be profitable.
Technical Details
CYCLR is a Next.js 14 and FastAPI application that leverages XRPL's native modular features to manage product lifecycles without the need for complex smart contracts.
Key Technical Implementation:
Native AMM Integration: We utilize the AMMDeposit transaction with the tfSingleAsset flag (0x00080000). This allows us to deposit stablecoin escrows (CUSD) into liquidity pools single-sidedly. This strategy generates passive yield (trading fees) on warranty funds while minimizing impermanent loss.
NFT Provenance: Products are minted using NFTokenMint. The NFT acts as the digital twin of the physical object, transferring from Manufacturer to Customer wallets via NFTokenCreateOffer, ensuring proof of ownership is required to claim recycling rewards.
Automated Settlement: The backend verifies QR codes or ID from recyclers and executes an AMMWithdraw transaction, automatically calculating and routing the split payments (Principal + Yield) to the correct stakeholders.
Team
2Alexandre Rozek
Jonathan Tran
Hackathon
HACK4GOOD: Build with XRPL Commons ECE
Duration
Nov 29, 7:30 AM - Nov 30, 5:00 PM
Prizes Won
1Prizes Won
1 prize awarded