2022-August Centrifuge Monthly Summary

2022-August Centrifuge Monthly Summary

Welcome to our monthly summary of developments, events and updates from the Centrifuge Ecosystem for August!

A demo of Subsquare was given in Governance call #4 and after the positive outcome of the poll, Subsquare will be implemented as the new user interface to participate in the governance process for the ecosystem. This and much more exciting news can be found in this summary!

Key Metrics

It’s becoming increasingly clear that Real-World Assets (RWA) can bring sustainable and scalable growth to DeFi, as RWA growth has outpaced DeFi growth Year-to-Date (YTD).

  • Total Value Locked (TVL) Growth YTD: Centrifuge +68.0% | Total DeFi -63%
  • Total Value Locked: $87.8M. (MakerDAO: $25.4M; RWA Market: $4.5M)
  • Total Active Loans: $84.3M
  • Total Assets Originated: $171.4M
  • Loan Repayments in the last 30 days: $6.4M

Ecosystem

The Ecosystem is focused on educating the world about Centrifuge, creating visibility and opportunity for RWAs, and sharing the narrative of how the world’s credit will be financed through decentralized finance. August highlights include:

Community

The Community is represented primarily by individuals and organizations that are actively participating in governance, contributing to processes and discourse, and are economically tied to the success of Centrifuge.

Upcoming events:

:calendar: Save the date:
Pool party with Flowcarbon on September 8! :diving_mask::swimming_man:
Centrifuge governance call #9 on September 15! :ballot_box:

Governance

  • Governance call #8 included: an update from the formation of the Credit group, the latest increase in transaction fees and a preview of the rollout of Subsquare’s governance UI as a result of the community vote on the implementation of Subsquare.

  • Ongoing referenda and proposals:

Additional CFG token utility (RFC)
Implementation of the EURO stable coin (RFC)

  • Passed referenda and proposals:

Increase transaction fees and use them towards a token burn (RFC)
Proposal to integrate Subsquare as governance UI
Altair collator rewards July #26-35
Tinlake rewards restructuring part III (#8)
Enable Wormhole USDC transfers from/to Karura to Altair/ Runtime upgrade 1018 (#11)
Enable Wormhole USDC transfers from/to Karura to Centrifuge/ Runtime upgrade 1009 (#6)

Don’t forget to actively participate in the governance process, vote in polls and on-chain referendums.:loudspeaker:

Protocol :cyclone:

The Protocol is represented primarily by organizations that are actively using Centrifuge’s technology to facilitate the underwriting, structuring, and financing of RWAs.

Product & Engineering

Stay tuned for the next monthly update with more news, updates and developments from the ecosystem!

What are your thoughts and your feedback? Please leave them in the comments below or you can get in touch with the team, our ambassadors or moderators in Discord!

7 Likes

Thanks for this! Makes easier to see everything!

2 Likes

Thanks for the feedback!

Are you new to the ecosystem? If so, I highly recommend this awesome post with a review of Centrifuge’s milestones at a larger scale :wink:

1 Like