Real World DeFi
Content on this page was provided by the Centrifuge team
The untapped multi-trillion dollar market of real-world assets (RWA) is now entering Decentralized Finance (DeFi) through Centrifuge: the first protocol to connect DeFi to the real-world. Businesses are using Centrifuge today to access the liquidity that DeFi offers, while investors finance assets for an attractive, stable yield.
TVL Doubling Every Month Centrifuge has entered a new category of Total Value Locked (TVL) growth: real-world asset (RWA) TVL. Once tokenized, real-world assets, such as invoices, real estate, royalties, and other assets, have the potential to bring trillions in new assets to DeFi. Centrifuge tokenizes real-world assets by converting them into NFTs on the Centrifuge Chain. RWA TVL measures the active real world asset value being used for financing on Centrifuge. Learn more on the Centrifuge Dapp.
Breaking Ground in Polkadot Centrifuge has the highest TVL in the Polkadot ecosystem - and will be among the first to launch a Parachain on Polkadot. Centrifuge chain is built on Polkadot for speed and low fees, while its financing Dapp, Tinlake, is built to access the massive liquidity on Ethereum. The native token CFG has its own bridge to Ethereum.
Integrated with DeFi Industry Leaders Centrifuge is bringing the first ever real-world assets to back MakerDAO’s DAI and is working on the first real-world asset market on Aave. Directly integrating into other DeFi protocols allows Centrifuge users to get instant liquidity and makes DeFi protocols more secure against destabilizing events by adding uncorrelated collateral.
Highest TVL in Polkadot and highest overall real-world asset TVL (100% growth monthly)
Leading bridge for trillions+ of locked value from the real-world to crypto
Multichain: Utilizing both the Polkadot and Ethereum ecosystems' strengths
This sale provides the first public opportunity to purchase Centrifuge tokens to participate in operating and governing the network. Tokens that are locked can still be used for staking and governance. More details and answers to questions can be found in the FAQs.
| Asset | Centrifuge Token (CFG) |
| Sale Times |
Registration Opens: May 6 2021
Registration Deadline: May 21 2021, 23:59 UTC Option 1 Sale Period Begins: May 26 2021, 17:00 UTC Option 2 Sale Period Begins: May 26 2021, 23:00 UTC Options 1 & 2 Sale Periods End: May 31 2021, 23:59 UTC |
| Lockup |
Option 1: $0.55 per token, tokens unlock on July 14, 2021
Option 2: $0.38 per token, tokens release linearly over 2 years starting from July 14, 2021 |
| Supply Limits |
Option 1: Supply capped at 17M tokens
Option 2: Supply capped at 17M tokens |
| Minimum & Maximum Purchase |
Option 1:
Minimum Purchase: $100 Maximum Purchase: $500 Option 2: Minimum Purchase: $100 Maximum Purchase: $500 |
| Funding Methods |
BTC, ETH, USDC, USDT
If you fund your account and purchase tokens with USDC or USDT, there are no fees (important note: We will value USDT and USDC as the equivalent of one U.S. dollar regardless of fluctuations in USDT and USDC). If you fund your account and purchase with ETH or BTC, it will be converted to USDC at the time of purchase and a 0.50% transaction fee will be applied. |
| Sale Mechanism |
Users registered for the token sale will receive an email with a unique link to enter the queue prior to the start of the sale. All users arriving at the queue before the start of the sale will be placed in a waiting room. Please note that arriving at the waiting room early does not give you a better place in the queue.
When the sale starts, users in the waiting room are assigned a random place in line, ahead of those who arrive after the sale starts. Users arriving after the sale starts get a first-come, first-served place in line after those in the waiting room. |
| Eligible Participants | Not available for residents and citizens of the United States, China, Canada, Switzerland, South Korea, British Virgin Islands, and certain jurisdictions. |
* Centrifuge is offering Tinlake users access to a whitelisted option at $0.38 per token with a 2 year unlock schedule.
** The supply allocation for the whitelist Tinlake sale was increased from 6,375,000 CFG to 8,500,000 CFG as of May 18, 2021.
Centrifuge (CFG) is the native token of the network. It is used for staking, paying transaction fees, and participating in governance.
CFG provides chain security and rewards liquidity providers in Tinlake.
CFG supply is currently 425,000,000 and grows at a rate of 3% per year, subject to governance.
CFG transaction fees will be burned at a rate set by on-chain governance so that the token supply becomes stable long-term. For more information, see the Token Summary.
Wrapped CFG (WCFG) is bridged to Ethereum and available as an ERC20 token using the Ethereum <> Centrifuge Chain Bridge built together with ChainSafe.
Token DistributionThe current distribution of 425,000,000 Centrifuge tokens and their lockups reflect the long term commitments to building and growing the network from each group involved. The largest allocations are set aside for participants in the ecosystem and community.
Most tokens have long-term lockups. Core contributors and initial backers unlock linearly per month for 1 year starting July 2021. The core team members have 48 month lock-ups when they join, with a 12-month cliff. Rewards that have been distributed have no lock-ups.
An additional 3% of CFG tokens are expected to be minted each year as Proof-of-Stake (PoS) block rewards, DOT lock rewards, and liquidity rewards. However, the burned transaction fees will stabilize the total supply of CFG tokens over time.
The Centrifuge Chain is built on Polkadot, but the Dapp is bridged to Ethereum. This gives Centrifuge an edge on accessing two of the biggest ecosystems in crypto: one for DeFi liquidity (ETH) and one for speed (DOT).
Centrifuge currently accepts DAI and cUSD (Celo USD) in its pools and in the future can accept any stable coin such as Acala, Dai, or Celo. The team is also working towards money markets on both Compound and Aave.
Tinlake is the first Dapp built on the Centrifuge chain. It is an asset-backed lending application that allows users to access financing using DeFi. Assets are turned into NFTs on the Centrifuge Chain, which are then financed through Tinlake. Tinlake is now financing 10+ asset types and has over $10m TVL.
Tech HighlightsDeFi investors can now access a safer, stable yield: uncorrelated to volatile crypto returns
Launching as one of the first Parachains on Polkadot and Kusama
Transparent investment opportunities with parameters hardwired in code
Privacy-enabled NFTs bring real-world assets on-chain
Open platform where anyone can finance real-world assets
Built on Polkadot, bridged to Ethereum
2018
Seed Round$8M equity round led by Mosaic with participation from BlueYard, Fintech Collective, and more; with an unlock period of 1 year from July 2021.
2020
SAFT Round$4.3M with Fenbushi, Galaxy Digital, IOSG, Moonwhale and more; with a lock period until December 2021, followed by 1 year unlocking.
The Centrifuge team came together with the vision of unlocking economic opportunity for all by connecting lenders and borrowers transparently and cost-effectively; free of intermediaries and the inefficiencies of traditional finance. The team is a diverse group coming from both traditional finance and crypto.
The Centrifuge team consists of alumni of many of the world’s leading organizations, including Consensys, Electric Coin Company, Parity, Goldman Sachs, Credit Suisse, SAP, Microsoft, Deloitte, United Nations, Federal Reserve, and more.
Lucas Vogelsang
Co-Founder
Lucas has been working at the intersection of tech and business since leaving University. He co-founded the Swiss e-commerce startup DeinDeal as it’s CTO. After it’s successful sale, he helped the German startup KaufDA with their international expansion. His next stop was joining Taulia as an Engineering Manager. After that he moved on to co-found Centrifuge and focus on Real World DeFi.
Martin Quensel
Co-Founder
Martin, a serial entrepreneur in Fintech, Crypto, and financial supply chain automation, started his career at SAP as a Software Developer and Architect. Before Centrifuge, he co-founded Taulia and also worked on invoice processing with Ebydos and ReadSoft. Martin is driven by his curiosity about how software can impact the real world, and change it for the better.
Maker is committed to add more than $300M in real world assets to its collateral base this year to secure the protocol. Centrifuge is leading the way with the first ever RWA application approved on MakerDAO and more than 10 business partners in the pipeline to tap into Maker's decentralized line of credit.
Aave Centrifuge Market: Centrifuge is also working to launch a real world asset pool on Aave. The Centrifuge team is about to present an Aave Request for Comment (“ARC”) to the Aave governance forum, to seek feedback and community approval to launch the first permissioned, whitelisted Tinlake pools on Aave.
Paperchain - Centrifuge is the only blockchain platform available that is able to empower artists by advancing Spotify revenue in a matter of minutes, to their record label customers, soon to individual artists directly. This collaboration can disrupt revenues in the music industry, worth $11 billion alone in the US, with 6 record labels representing thousands of artists having used this pool so far.
Centrifuge is working with ConsolFreight to revolutionize the trade finance industry. ConsolFreight, a trade finance provider focused on SMEs & developing countries, partnered up with Centrifuge to empower merchants. So far ConsolFreight has financed $3.4 million, and as a result, gloves and PPE equipment have reached schools and hospitals during the COVID pandemic, at a time when traditional finance didn’t step in.
The above statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Although forward-looking statements contained in this presentation are based upon what we believe are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Centrifuge undertakes no obligation to update the above statements if circumstances change. The reader is cautioned not to place undue reliance on anything contained in this publication.