Centrifuge raises funds to bring real-world assets to crypto
Centrifuge raises funds to bring real-world assets to crypto
Centrifuge, which claims to be the first DeFi protocol to finance real-world assets (RWAs) on the blockchain, has closed a $4m funding round.
The Path To Tokenizing Real World Assets
To watch the full conversation between John deVadoss and Nicholas Merten, click here: https://youtu.be/xkvlmTDZztI
Nothing in this video should be taken as financial advice.
Twitter: https://twitter.com/digifox_finance
Instagram: https://www.instagram.com/digifox.finance
Website: https://digifox.finance
Bringing Real world assets on Blockchain
Decentralized Finance (DeFi) is the umbrella term used to describe financial services that are conducted on public blockchains. With DeFi, you can do most of the things that banks support—earn interest, borrow, lend, buy insurance, trade derivatives, trade assets—but it’s faster and doesn’t require paperwork or a third party.
Recently, there has been one new innovation in the field of DeFi: Real World Assets (RWAs). This integration of non-crypto-related assets has substantial implications for the whole industry. A now $300+ billion sector, DeFi sees RWAs as the next opportunity to increase its market size exponentially.
In the recent episode of web3 unlocked podcast, we spoke to Lucas Vogelsang, CEO, and Co-Founder of Centrifuge, focusing on bringing Real World Assets to Defi since the early days of Ethereum. During the discussion, Lucas covers the future of Defi, the Polkadot ecosystem, and his experiences of being a founder in the Web3 bear market.
Lucas had always been passionate about computers and coding. But, in 2017, after working in the tech space for seven years, he decided that he wanted to revolutionize the finance industry and use blockchain to build the backbone for financial transactions. That’s how Centrifuge was born and became a platform to help people access capital for future needs.
Full Episode: https://podcasts.apple.com/us/podcast/lucas-vogelsang-on-building-centrifuge-and-the/id1626302528?i=1000578752701
Multi-Chain Session: Bringing Real-World Assets to Moonbeam featuring Centrifuge
In this session of Multi-Chain Sessions, Alberto from the Moonbeam team sits down with Centrifuge, a Polkadot Parachain, to discuss unlocking capital for real-world assets using DeFi, use cases, and the role XCM will play in the Centrifuge-Moonbeam interaction.
Disclaimer: Content of this video is for informational purposes only and Moonbeam is not endorsing the project or warranting the accuracy of all the info. Always DYOR. See disclaimers contained at: https://moonbeam.foundation/media-disclaimer/
Centrifuge is a Proof-of-Stake blockchain built on Substrate that enables users to bring their assets on-chain as non-fungible tokens (NFTs). This is the starting point to unlock financing for any type of asset through DeFi. Centrifuge Chain is bridged to Ethereum, but uses its own native token – the Centrifuge (CFG) token.
Centrifuge: https://centrifuge.io/
~About Moonbeam~
Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications. This Ethereum compatibility allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes. Following Moonriver’s tremendous success on Kusama as the most active deployment destination for over 80 DApps, Moonbeam benefits from the shared security of the Polkadot relay chain and integrations with other chains that are connected to Polkadot. Learn more: https://moonbeam.network/.
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15-minute fundamentals with Centrifuge | Token Terminal
In 15-minute fundamentals, we break down the business of a crypto project and learn about the drivers behind the data you can see on Token Terminal’s charts. In this episode, we dive into the current state of Centrifuge with Colin Cunningham.
Centrifuge’s dashboard: https://tokenterminal.com/terminal/projects/centrifuge
Centrifuge’s protocol roadmap: https://medium.com/centrifuge/real-world-defi-with-centrifuge-our-protocol-roadmap-d2fc14ff6acb
Site: https://centrifuge.io/
Docs: https://docs.centrifuge.io/
Twitter: https://twitter.com/centrifuge
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Timestamps:
00:00 What is Centrifuge?
00:42 Technical breakdown of the protocol
01:58 Business model
03:50 Supply-side revenue
05:17 Protocol revenue
06:10 Growth drivers & market cap development
08:12 Onboarding real-world assets to DeFi
11:15 How are collateral contracts enforced?
14:46 Partnerships with other protocols
16:42 User composition
18:33 What’s next for Centrifuge?
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