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Registrations for the Centrifuge protocol token sale have started and live up to May 21st. Check the below details on registerations and timelines.
The real-world DeFi protocol Centrifuge is all set to bring the multi-trillion dollar real estate market to Decentralized Finance (DeFi). As a result, Centrifuge has announced to conduct its token sale on the Coinlist platform.
Centrifuge thus announced that the registrations for its token sale are now open with two different options:
- Option 1 will run from May 26 2021, 17:00 UTC to May 31 2021, 14:00 UTC
- Option 2 will run from May 26 2021, 23:00 UTC to May 31 2021, 14:00 UTC
Besides, Centrifuge is also offering Tinlake users the access to a whitelisted, invite-only option. This option offers tokens at a very discounted rate of $0.38 per token with a two-year unlock schedule. The registration deadline for the Centrifuge token sale is May 21.
Leveraging the Power of DeFi to Finance Real World Assets
Decentralized Finance (DeFi) has unlocked massive opportunity for the financial world. It unlocks another opportunity with the power of decentralized lending and providing liquidity providers the opportunity to earn money without any banking intermediaries.
DeFi has exploded in recent times, especially in 2021. This year the DeFi markets have exploded nearly 10x in size. Centrifuge is one of the first global protocols connecting DeFi and the multi-trillion-dollar real estate marketplace. Besides, several businesses have been using Centrifuge in order to access the liquidyt that DeFi has to offer.
Some of the below are key insights for Centrifuge:
- Centirfuge protocol’s total-value-locked (TVL) has been doubling every month. Besides, it has registered mammoth growth for the real-world assets TVL. More interestingly, the protocol also tokenized real-world assets by converting them into NFTs on the Centrifuge Chain.
- The Centrifuge DeFi protocol relies on Polkadot that offers high speed and low fees. However, Centrifuge’s financing app Tinlake has been built to access massive liquidity on Ethereum. Also, the native token CFG has got its own bridge to the Ethereum blockchain network.
- The great thing is that Centrifuge offers a direct integration with other DeFi protocols like MakerDAO and AAVE. Besides, Centrifuge is also popular to give its users instant liquidity while making other DeFi protocols more secure against any destabilizing events by adding other uncorrelated collateral.
As Coinlist reports” 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”.