What are the formal platforms for Centrifuge(CFG) currency?

Centrifuge's interconnected platforms, including Centrifuge Chain, Tinlake, and Altair, enable the tokenization, financing, and trading of real-world assets, expanding access to capital for businesses and investors.

Dec 08, 2024 at 11:21 pm

Formal Platforms for Centrifuge (CFG) Currency

Centrifuge (CFG) is a cutting-edge decentralized protocol that transforms real-world assets into digital, tradable tokens. This unlocks new possibilities for financing and liquidity in various asset classes, particularly in sectors that have historically faced challenges accessing traditional capital markets.

1. Centrifuge Chain

Centrifuge Chain is the core blockchain platform that powers the Centrifuge ecosystem. It provides the technical infrastructure for:

• Tokenization of real-world assets, creating asset-backed tokens (ABTs)
• Asset verification and due diligence by trusted Tinlake underwriters
• An institutional-grade settlement layer for ABTs
• Decentralized custody of ABTs through multi-party computation (MPC)
• A native utility token, CFG, which is used to pay transaction fees, stake for rewards, and participate in Proof-of-Stake consensus

2. Tinlake

Tinlake is Centrifuge's flagship decentralized finance (DeFi) application built on Centrifuge Chain. It allows users to:

• Create asset-backed tokens (ABTs) through a rigorous underwriting process
• Invest in ABTs representing various real-world assets, such as trade receivables, real estate, and infrastructure projects
• Earn yield as a lender or borrower on a transparent and data-driven platform
• Access a diverse range of asset classes not typically available in DeFi

3. Centrifuge Anchor

Centrifuge Anchor is a scalable off-chain technology that connects Centrifuge Chain to other blockchain networks. It serves as a bridge between the Centrifuge ecosystem and external applications and protocols, enabling:

• Cross-chain token transfers between Centrifuge Chain and supported networks
• Integration of non-Ethereum-based assets into the Centrifuge ecosystem
• Access to Centrifuge's institutional-grade settlement infrastructure for assets from other blockchains

4. Altair

Altair is a decentralized liquidity protocol built on Centrifuge Chain. It provides:

• Automated market-making (AMM) for asset-backed tokens (ABTs)
• On-chain price discovery mechanisms for ABTs
• Liquidity pools that allow users to swap ABTs for tokens from other blockchains
• Reduced slippage and increased efficiency in ABT trading, enhancing market depth

5. Spin Protocol

Spin Protocol is a decentralized derivatives protocol that leverages Centrifuge Chain for collateralization. It enables users to:

• Create synthetic assets through liquidity pools backed by real-world asset portfolios
• Trade synthetic assets that represent indexes or baskets of real-world assets
• Use synthetic assets as collateral for further financial applications, empowering DeFi with the stability of real-world assets

6. Monolith

Monolith is a decentralized custody solution for crypto assets, including ABTs. It provides:

• Secure storage of private keys using multi-party computation (MPC)
• Institutional-grade custody for ABTs and other crypto assets

7. Open protocol integrations

Centrifuge actively collaborates with various other protocols and platforms in the blockchain ecosystem. Key partnerships include:

• Chainlink: Integration with Chainlink's decentralized oracle network for secure and reliable data feeds
• Ethereum: Cross-chain compatibility between Centrifuge Chain and the Ethereum ecosystem, allowing users to bridge ABTs to Ethereum for further DeFi applications
• Filecoin: Integration with Filecoin's decentralized storage network to ensure secure and permanent record-keeping of asset data