Aleph Hackathon

Plataforma de escalera financiera para los jovenes

What it is

Conlat is a coliving platform built on a simple inversion: instead of paying rent forever, each resident's monthly payment is split into a rent portion and an equity portion. Over time the resident accumulates ownership of the property. "Your room is your first car" — an asset you build instead of an expense you burn.

The problem

Young people in Argentina are locked out of property. Rent is dead money, mortgages are almost non-existent, and inflation destroys any peso-based saving plan. Meanwhile tokenized real estate today (BlackRock-style, RealT) is built for perpetual yield to investors — the tenant never stops paying. We flip that: the tenant is the one who ends up owning.

What we built at the hackathon

A self-custodial USD₮ payment rail for rent-to-own. A resident pays their monthly amount in USD₮ from their own wallet; the payment is automatically split into rent and equity, and the equity share is tracked as tokens representing a stake in the real-estate fund that holds the property.

How it works

• Tokenize the vehicle, not the unit: money enters a real-estate fund, the fund owns the properties. Each resident holds fund tokens that represent their growing equity.
• Payments in USD₮ (WDK):residents and investors pay with self-custodial wallets built on Tether's WDK — each user holds their own keys, Conlat never custodies the funds.
• Rent/equity split:every payment programmatically divides into rent (to the fund's operation) and equity (tokens to the resident).
• Network: tested on Sepolia with USD₮ testnet, ready to move to mainnet.

Why USD₮ + WDK matter here

A dollar-denominated rail solves the inflation problem that kills every peso-based savings scheme, and self-custody means the resident actually holds the equity they earn — it's theirs, not a promise on Conlat's books.

The hard part (and where we're honest)

The technical rails are the easy part. The real knot is the math of the rent/equity split under Argentine inflation — how much of each payment becomes equity so the deal is fair to both the resident and the fund. That's our next focus (we call it the Fondo Compensador).

Status & next steps

Payment + tokenization flow working in the demo on testnet. Next: model the rent/equity split formula, run a Phase-1 pilot with one property, and onboard the first cohort of residents.