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!
- Altair secured a parachain slot - again!
- Subsquare will be implemented as the governance UI
- Centrifuge & Maker: a partner’s view of RWAs
- Centrifuge & Maker II: around $40M in RWA collateral generated by Centrifuge
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DeFi Trip with Centrifuge and Blocktower
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:
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Ari Paul from Blocktower gives an outlook on the crypto market. You might be especially interested what he has to say at Time stamp 57:20
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Here is a new series of Hackernoon “Behind the startup” where Lucas talks about the impact of DeFi on RWAs
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This independent research shows the importance of DeFi in Trade Finance. According to the article, RWAs could bridge the trade finance gap of around $1.7 trillion
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The first successful Connectors message to add a test pool from Centrifuge to Moonbeam was sent
- A new essay by Blocktower and a deep dive into how Centrifuge is building a better financial system on-chain!
- Centrifuge’s BD maestro Colin @DeFiCon in Brooklyn
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.
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This is a relationship which lasts for already 3 years: DeFi politician Asad on the partnership between Centrifuge & Maker and his outlook
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Maker’s protocol has generated over $89 mio DAI from RWAs and Centrifuge plays a crucial part with around $40 mio in collateral
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The new DeFi Drip-series brings partners of Centrifuge on stream. Episode #1 with Cassidy and Kevin from Blocktower
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The second Defactor community call with Martin and Colin talking about the Defactor-Centrifuge partnership
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FortunaFi explains the RWA-to DeFi TVL-ratio in detail and claims the RWA-demand will persist
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The governance forum is the right place for Q&As and to start a discussion around topics of general interest. The latest example is this interesting thread started by David Bentzon
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A shout out to KryptosChain for always supporting the ecosystem in this case regarding the Crowdloan rewards from KuCoin
Upcoming events:
Save the date:
Pool party with Flowcarbon on September 8! 
Centrifuge governance call #9 on September 15!
Governance
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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.
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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.
Protocol 
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
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A huge update on the Altair network: we got a parachain again! Altair won Kusama slot #46 which runs until July 2023. The KSM from the first crowdloan returned to the contributors already.
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Another update from Altair: all tests of the Altair pools were completed successfully which is a necessary step before Pools on Centrifuge chain can go live very
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Embrio.tech is working on Centrifuge insights, an analytics dashboard for the Centrifuge ecosystem
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And last - but not least: the Fabric design system is a library of UI components to create finance dapps
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!
