Centrifuge is a long-awaited financial engineering platform. On Monday, it published two products on the mainnet: Tinlake and the Centrifuge Chain. Both of those had been eagerly anticipated.
On the Centrifuge Chain, Tinlake is a DeFi lending dApp that allows users to borrow against pools of securitized. Likewise, real-world assets like bills and royalties against on-chain assets like DAI.
Investors and Borrowers are the two categories of users who can engage with Centrifuge.
What are Borrowers
Borrowers can borrow DAI in exchange for financing (loans) against financial assets like invoices and royalties by securitizing them as NFTs on the blockchain. The DeFi blockchain also introduces non-DeFi financial assets. Moreover, it can use collateral.
Investors can invest in it to acquire exposure to an asset pool (such as Spotify Invoices). Also, it furnishes the DAI. Loaned from a lending pool to generate a profit.
This is an example of an asset pool in Tinlake:
Details about the Paperchain Pilot Pool:
- Paperchain Inc. is the creator of the asset.
- Spotify Invoices for Music Streaming Collateral
- $25,000 on average for an invoice
- Invoices with a 60-day maturity date
- Delaware’s Paperchain Inc is the issuer.
Tinlake is unique because it allows users to invest in Tinlake pools using the coins TIN and DROP. There are two options for making interest and loan payments: TIN or DROP. However, they have different risk profiles and repayment priorities.
Collateral Deposit Contract will continue to expand Centrifuge’s ability to securitize a broader range of assets. Tokenization foresees the future of all assets, especially in the financial and real-world worlds. On the blockchain, it also serves as a form of collateral. DeFi’s evolution necessitates this assistance.
Tinlake DeFi Data
In contrast to Centrifuge Chain, which is based on Substrate. Centrifuge smart contracts are used to link Tinlake. In addition, an Ethereum-based app that includes a loan app is provided. Moreover, there is information about asset pools in the Tinlake subgraph. It provides information about their size, yield (APR), the number of loans, and total debt. You can also look up loan-specific information, such as the NFT number. It also considers the amount of money you owe on loan.
Querying the Tinlake subgraph to DeFi aggregators, dashboards, and other applications may be of interest.
Calculate data about NFT (real-world asset) collateralization metrics Track borrowers and investors. New users securitizing unique assets on-chain Build applications on top of Tinlake. Additionally, Tinlake loan volume to aggregate DeFi lending metrics Compare DeFi yield across lending protocols.
Other DeFi Subgraphs
Uniswap, Synthetix, Aave, and Gnosis are just a few of the sub-graphs, but there are hundreds more constructed every day by project teams and community members. A dApp can also be created by a user.
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