Takaturn Smart Contracts

There are two types of smart contracts that govern the Takaturn mini DAOs.

• Collateral VAULT contract - manages the movement of money set aside as collateral in the VAULT

• Takaturn FUND contract - manages the movement of money in the loan fund

Takaturn 2.0 Introduction

In summary, the Takaturn 2.0 offering differs from the Takaturn 1.0 offering in the following ways:

Type	Takaturn 1.0	Takaturn 2.0
User experience	Users were required to obtain crypto outside the application.	On-ramp service will be provided to facilitate users buying crypto directly on the takaturn app.
	No option for Yield Generation on collateralized assets (ETH)	Option to either opt in to Yield Generation or not.
	All participants pay 1.5x of the total money pot amount as collateral.	Participants will have the option to pay less collateral based on their beneficiary position.
Collateral (security deposit) management	All expelled users' security was fully liquidated on expulsion regardless if they were the beneficiary or not.	Expelled users who were never the beneficiary will have their securities released back to them.
	Expelled users who were never beneficiary will not receive any money pot	Expelled users who were never beneficiary will receive the money pot equal to the amount of contributions made before expulsion
	Users were not able to withdraw collateral	Partial withdrawal of capital is allowed conditionally
	Users can only join 1 term at a time.	Users can join multiple terms at the same time.
	Users cannot invite people to join a term.	Users can invite others to join by sharing a term group link.
User term management	User had to pay a contribution during his beneficiary turn.	User won't be required to pay a contribution during their beneficiary turn.
	User did not have a direct way to set his stablecoin allowance.	User will be able to set his stable coin allowance at any given time.
	A defaulting user couldn't withdraw his money pot.	Defaulting users will be able to withdraw his money pot.
	No restrictions on Money Pot other than on expulsion	Frozen Money Pot could result conditionally