The Collaborative Finance side of Cosmos

At Informal Systems, we are using Cosmos tools to build payments infrastructure with positive externalities for communities, to realize the vision of Collaborative Finance.


CoFi Resources

Academic papers

Academic papers on the theory and practice behind CoFi:

See also this one pager on CoFi from different points of view

Sardex and Mutual Credit

Sardex is one of the most successful mutual credit systems in the world. It was founded in Sardinia in 2009 by Giuseppe Littera and others.

Blog posts on Liquidity-Saving

Someone Just Turned The Lights On, Posted On February 18, 2021 By Dil Green

‘Complementary’ Economics Won’t Do It, Posted On February 10, 2021 By Dil Green

Incredible new research: how small businesses can be saved post-Covid, Posted On March 7, 2021 by Dave Darby of

Recycling Debt (Kusaga Deni, Kubali Sarafu), Posted on March 13, 2021 by Isavary Khabuqw of

Solving Liquidity Issues for SME’s Through Mutual Credit Systems such as Sardex, Wiki entry on

Community Clearing and Settling of Obligations, Posted on Academia on April 2021 by Hans-Florian Hoyer

Local Money and Liquidity Saving, Posted on May 2021 by Ethan Buchman

Forschungs-Journal veröffentlicht 10 Artikel zur Währungsvielfalt, Posted on December 10, 2021 by Leander Bindewald of

The Velocity of Money, Posted on January 2022 by Ethan Buchman

The Kolektivo Framework, Decentralized Exchange Trading Systems, Curve Labs & Kolektivo Labs, Original: June 2021, Last updated: August 2022 (v.3)

The Properties of Money, Posted on October 2022 by Ethan Buchman