Centrifuge (CFG) Unveils Institutional-focused Lending Market Using Morpho Protocol’s Vault
Centrifuge platform intends to provide fast liquidity through lending to the RWA market on the secure Base network.
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Centrifuge platform intends to provide fast liquidity through lending to the RWA market on the secure Base network.
Centrifuge platform announced its Series A funding round was led by ParaFi Capital and Greenfield with participation from a dozen other venture capitals.
Competition for the remaining slots is looking tough, and there are a number of key contenders battling it out.
Centrifuge will use privacy-enabled NFTs to track asset ownership while keeping some of the assets’ attributes private on a peer-to-peer (p2p) protocol.
One of the innovations that are exciting about Centrifuge and other similar collateral-asset systems is the blending of public and private data on privacy-enabled NFTs.
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