# Cosmo-Local Credit

> cosmo-local credit

## Docs

- [Network Architecture](/protocol/network): A CLC network consists of **many vouchers** and **many pools** connected through shared registries, a protocol fee controller, and routing logic.
- [Protocol](/protocol/overview): The CLC protocol is 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) DAO](/introduction/getting-started): Think of it as Visa/Mastercard for **vouchers and obligations** governed as a commons: it helps many issuers **swap, route, and settle** credits safely, without turning them into speculative money.
- [What problem it solves](/introduction/getting-started): Commitment Pools are shared markets where people can swap redeemable commitments and settle them over time.
- [What the CLC DAO is](/introduction/getting-started): The CLC DAO (a **member-governed Decentralized Autonomous Organization (DAO) with transparent rules**) is the network-level “commons steward” that **funds and governs the safety layer** for many independent Commitment Pools, 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 you get for taking risk](/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.
- [Tokens](/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): The CLC DAO will utilize a robust on-chain governance system powered by **OpenZeppelin Governor** smart contracts and managed through the **Tally** platform.