Polkadot & Kusama ecosystem projects directory
Polkadot & Kusama ecosystem projects directory

Centrifuge

DeFi
Centrifuge Chain is the gateway for real-world assets to the Blockchain Multiverse. We built Centrifuge Chain on Parity Substrate with an initial bridge to Ethereum. This allows us to move faster and use a consistent approach for certain features. We envision a larger ecosystem of many, connected blockchains- where Dapps on Ethereum could use data from other chains, value could move freely, and Centrifuge Chain can enable off-chain assets to access financing through DeFi.
Relative Project:   Altair  Altair
Tokens:  CFG  
Status
Announced
Testing
In Auction On Polkadot
Auction
polkadot
Polkadot
 Has mainnet  
Auction 8: WINNER
Slot #9: leasing March 11, 2022 - January 12, 2024
Project Auction Info:  auction details 
Reward: 1 DOT : 12+ CFG
Reward Pool: 65.7m of 430m (15.28%)
  • 20% of CFG will be available to transfer immediately
  • 80% of CFG will vest linearly over a 96 week period
  • 5% bonus if you contributed to Altair crowdloan
  • 5% bonus if you contribute more than 5 000 DOT
  • 10% bonus if you contribute DOT in the first 72 hours
  • 10% ref bonus (split 5% to referrer & 5% to referred)
Developer Activity
Are you project representative? Contact Us to update info
Primary Token:
Price:
$0.331
Total Supply:
430 011 123
Trading Vol 24:
$146 545
Crowdloan Reward Pool:
65 700 000 (15.28% of Total Supply)
CFG Distribution
News
Apr 14, 2022 at 14:03 UTC
Mar 10, 2022 at 22:32 UTC
Feb 24, 2022 at 14:18 UTC
Feb 16, 2022 at 17:40 UTC

This week Jorrin Bruns (Support Engineer, Parity Technologies) is joined by Cassidy Daly, token design and research specialist at Centrifuge, a Substrate-based blockchain that recently won a parachain slot on Polkadot. Centrifuge aims to bring an archaic financial system into the Web3 space, enabling users to unlock financing for their real world assets by bringing them on-chain.

Daly describes why the team chose Substrate to build Centrifuge and its canary network Altair, and why Centrifuge became a Polkadot parachain: to reconcile issues with Ethereum including scalability and fees, and the difficulty in maintaining an ETH bridge. They also discuss bringing the Tinlake DApp from Ethereum over to Centrifuge to tap into the specialization between interoperable parachains and drive efficiencies, lower the cost of financing and guarantee the custody and ownership of physical assets on-chain.

Jan 27, 2022 at 15:22 UTC
Dec 30, 2021 at 17:44 UTC
Dec 15, 2021 at 15:31 UTC
Sep 3, 2021 at 13:48 UTC
Apr 7, 2021 at 12:50 UTC
Nov 9, 2020 at 17:09 UTC