# Cosmo-Local Credit

> cosmo-local credit

## Docs

- [Network Architecture](/protocol/network): CLC deployments connect **many vouchers** and **many pools** through shared registries, a protocol fee controller, and routing logic.
- [Protocol](/protocol/overview): CLC protocol contracts are the on-chain implementation of the **Commitment Pooling Protocol (CPP)** described in [Chapter 1](/white-paper/chapter-01-commitment-pooling-protocol-cpp-the-core-primitive) of the white paper. All contracts are EVM-compatible, open-source under **AGPL-3.0**, and deployed via upgradeable proxies (ERC-1967).
- [Smart Contracts](/protocol/smart-contracts): A **voucher** is an ERC20 token that represents a **redeemable commitment** — a pre-paid claim on future delivery of goods or services (think gift cards, service credits, loyalty points). The `GiftableToken` contract extends a standard ERC20 with features tailored for community issuance:
- [Examples](/introduction/example): You run a market or co-op and want to list a clinic voucher, publish limits, and compare redemption performance with other pools. The network helps route demand into your listings while keeping your governance local.
- [Cosmo-Local Credit (CLC)](/introduction/getting-started): This site describes what is possible with Cosmo-Local Credit: options for registries, routing, clearing, shared services, and governance. Sarafu Network is one working example, not the only governance model.
- [What problem it solves](/introduction/getting-started): Commitment Pools are shared markets where people can swap redeemable commitments and settle them over time.
- [What Cosmo-Local Credit is](/introduction/getting-started): Cosmo-Local Credit (CLC) is shared settlement infrastructure for many independent Commitment Pools. It can be stewarded by different accountable structures - cooperatives, community groups, federations, public agencies, companies, multisigs, service operators, or other governance arrangements with transparent rules. Its role is to **coordinate and fund the safety layer** so commitment pooling can scale **without becoming extractive or fragile**. In practice, it becomes a **credit routing + clearing layer** across many issuers - so different communities and institutions can settle obligations with each other without needing one central bank-like operator.
- [Who wants this and why](/introduction/getting-started): **Pool stewards (local curators)** list vouchers (goods and services) and publish guarantees; their fulfillment history becomes discoverable and comparable.
- [How it works](/introduction/getting-started): **Pool stewards (local curators)** list vouchers (goods and services) and publish guarantees; their fulfillment history becomes discoverable and comparable.
- [Liquidity Providers (LPs): what they can support](/introduction/getting-started): **Pool stewards (local curators)** list vouchers (goods and services) and publish guarantees; their fulfillment history becomes discoverable and comparable.
- [Routing & Clearing](/introduction/getting-started): **Pool stewards (local curators)** list vouchers (goods and services) and publish guarantees; their fulfillment history becomes discoverable and comparable.
- [Tokenized Governance Option](/introduction/getting-started): **Pool stewards (local curators)** list vouchers (goods and services) and publish guarantees; their fulfillment history becomes discoverable and comparable.
- [Governance that limits capture](/introduction/getting-started): **Pool stewards (local curators)** list vouchers (goods and services) and publish guarantees; their fulfillment history becomes discoverable and comparable.
- [History](/introduction/history): [Grassroots Economics Foundation](https://grassecon.org) grew from years of living and learning alongside communities in Kenya who kept mutual care alive through shared commitments. Long before formal markets, people built trust by making promises to one another, and those promises were held in common memory, witnessed and enforced by relationships. In the book [Grassroots Economics: Reflection and Practice](https://willruddick.substack.com/p/grassroots-economics-the-book-is), this living tradition is described as a commons of commitments: a pool of shared promises that can be exchanged, fulfilled, and renewed without needing a central authority.
- [Governance Mechanics](/governance/mechanics): This page describes governance options for CLC-compatible networks, not a single required legal or organizational form.