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.
Related Project:   Altair  Altair
Tokens:  CFG  
Status
Announced
 Testing
Parathread on Polkadot
Parathread
In Auction on Polkadot
Auction
polkadot
Polkadot
October 25, 2023
August 28, 2025
~467 days remained
Auction 8: WINNER
Leasing: March 11, 2022 - January 16, 2024
Crowdloan ID: 2031-18 
Funds Raised: 5 435 161 DOT ($39 187 508)
Leading Blocks:  100%
Project Auction Info:  crowdloan details 
Reward: 1 DOT : 12+ CFG
Crowdloan Cap: 20 000 000 DOT
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)
Show more auctions  
Auction 52: WINNER
Leasing: October 25, 2023 - August 28, 2025
Parathread ID: 3353 
Last Bid: 99 000 DOT
Leading Blocks:  99.89%
Slot Acquisition: self-funded
Developer Activity
If you have a connection to this project, kindly Contact Us to keep the details current
Primary Token:
Price:
$0.754
Total Supply:
430 011 123
Circulating Supply:
494 044 915
Market Cap:
$371 883 611
Trading Vol 24:
$1 038 608
Inflation:
3%
Crowdloan Reward Pool:
65 700 000 (15.28% of Total Supply)
CFG Distribution
News
Apr 12, 2024 at 17:31 UTC
Mar 12, 2024 at 05:43 UTC
Feb 3, 2024 at 09:02 UTC
Jan 11, 2024 at 21:32 UTC
Dec 28, 2023 at 10:52 UTC
Parathread 3353 is related to Centrifuge. This means Centrifuge won Polkadot Auction #52
Last Bid: 99 000 DOT
Slot Acquisition: self-funded
Leading Blocks: 99.89%
Leasing Period: October 24, 2023 - August 28, 2025

Centrifuge has won Polkadot Auction #52
Oct 4, 2023 at 20:48 UTC
Jul 6, 2023 at 18:48 UTC
Jul 5, 2023 at 18:48 UTC
Jul 5, 2023 at 18:26 UTC
Jun 20, 2023 at 06:19 UTC
May 22, 2023 at 17:56 UTC
Apr 7, 2023 at 16:20 UTC
Jun 29, 2022 at 13:15 UTC
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