2023-May Centrifuge Monthly Summary
Welcome to our monthly summary of community news, events and governance updates from the Centrifuge Ecosystem for May!
May 2023 marks the advent of a new age: after 4 years Tinlake will be replaced by the new Centrifuge app which is a unified platform for investing in Real-World Assets! This and more exciting news can be found in this newsletter!
- The new Centrifuge app is live!
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Tinlake broke $200M TVL!
- RFC: Changes to the CP Framework & Governance process
- DeFi Drip: DAO Treasuries and Real World Assets
- Hackernoon: Why RWAs will onboard the next $1 Trillion to crypto đź•®
- Events with Centrifuge
Key Metrics
- Total Value Locked (6/1/23): $200M (MakerDAO: $103.5M; RWA Market: $4.2M)
- Total Active Loans: $199.9M
- Total Assets Originated: $382M
- Originated in May: $25.8M
- Assets repaid in May: $21.3M
- Token Holders: 45,697 Wallets
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 DeFi.
May highlights include:
- May events: Centrifuge joined Circle at the Nautilus Cabana Club on May 18, ETH Miami 2023 took place a few days later with an excellent episode featuring Product Manager Anna and Scytale organized a panel to discuss the question “TradFi and Defi - can they coexist”? Last, but not least, Polkadotters hosted an AMA on Twitter spaces, again with Anna
- Being early is key, let’s talk about Real World Assets!
Hackernoon jumped on the Real-World Assets-bandwagon and they covered RWAs in two articles in May: Centrifuge is being mentioned, amongst others, in the list of Top DeFi Lending Protocols and the article Why RWAs (Real World Assets) will onboard the next $1 Trillion into crypto describes the huge potential of RWA for the overall crypto market. Who is going to disagree? -
A new episode of DeFi Drip - our podcast on all things (coffee and finance)
. In this episode, Cassidy talks about DAO treasuries, Real World Assets, and the path to mass adoption. - Here is a collection of articles and research about Real World Assets to highlight the momentum and importance of RWAs:
-RWA - A new revolution in digital asset issuance by Bravenewcoin
-DeFi Debt Tokens? They’re Outperforming Bitcoin and Ethereum in 2023 by Decrypt
-How RWA Altcoins might serve as a hedge against inflation and market turbulence by Cryptopolitan
-The Future of Finance: Tokenization of Real-World Assets by BeInCrypto
-Development of RWA’s On-Chain Government Bond Projects by Dodo
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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Team Member Introduction: Bek Turaev! Let’s welcome Bek to the Centrifuge ecosystem! He joined k/factory in March as Head of Credit and is mainly helping with the formulation of the Credit strategy to pools.
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The Centrifuge Active Contributors Call #3 took place on May 10. As this is a call only for Active contributors in the ecosystem, I can’t talk much about the agenda and the excellent content (e.g. the team reported from their off-site experience) but if you want to join, being active will increase your chances to be invited to future calls!
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A reminder and an update to the on-chain credit report: the Centrifuge Foundation is still looking for a researcher to write a report about on-chain credit, Real World Assets in relation to Centrifuge. Please indicate your interest in the forum post
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Polkadotters dedicated a RWA-thread to Centrifuge and the bridge between TradFi and DeFi. They call Real-World Assets “a new era in Finance”. I couldn’t agree more!
And more news from the community:
@_Fortunafi: New month, new dashboard!
@wallfacerlabs: Structured Finance - Exploring tranching techniques of DeFi credit protocols
@Polkadotters1: AMA on Twitter Spaces with Anna Mehrlaender, Product Manager at Centrifuge
@Jamest0lan: Spotted in the crowd at ETHDublin
Save the date:
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Blockchain Oracle Summit Twitter Spaces on June 8
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Tokenize this: Innovation in the Face of Uncertainty on June 13
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Centrifuge governance call #18 on June 21
Governance
- For an overview on all on-going and ended proposals I recommend to take a look into the Governance update May. Two ongoing Requests for Comments are Listing CFG in the HydraDX Omnipool and a technical proposal for Linked Pools to extend the capabilities of Cent Chain.
Please actively participate in the governance process, leave your comments and remarks in the RFCs and vote on polls​:exclamation: 
- The Centrifuge governance call #17 covered amongst others three ongoing proposals from the community, extensive research on delegation (see below) that will help our DAO and the launch of the Centrifuge App which is one of the biggest upgrades to the protocol so far (see Product & Engineering). No worries if you missed the call, as always it was recorded.
- The Governance Coordination Group proposed changes to simplify the current governance process. The proposal aims to improve the aspects of the governance in terms of a better flow, a better quality of the proposals and a better structure in the forum.
- Shout out to one of our governance facilitators ImdioR for sharing this Token Delegation Research with the Centrifuge DAO! He compares in pros and cons of delegation of existing protocols and delegation models.
- The second set of the Collator onboarding for the Centrifuge chain has been nominated for the council to vote on. Congratulations to the following Collators!
GoodKarMa
Polkadotters
Staker Space
PathRockNetwork
The Phunky One
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
- The moment, many in the ecosystem have been patiently waiting for, finally arrived: The new Centrifuge app is live! It is a newly designed successor of Tinlake for investing in Real World Assets. The biggest modifications in a nutshell are:
-Designed for adoption with a better user experience
-User friendly and safe
-Fast and seamless KYC within minutes
-Multi-chain approach and integrations to other chains
The launch of the Centrifuge app means a Farewell to Tinlake! All revolving pools will stay live in the new app
- Pool updates: Cauris Finance gave an update for Q1 2023 of their Global Fintech Fund 1. Despite the difficult market situation, the pool performed strongly! As well, Flowcarbon gave some new developments from their Nature Offsets Series 1 and last, but not least, the most recent update from Kirill and New Silver. Thanks for the updates, the good news and for being a part of the ecosystem.
Stay tuned for the next monthly update with more news, updates and developments from the ecosystem!
What are your thoughts and your comments? Please share your feedback as reply to this post below or you can get in touch with the team, our ambassadors or moderators in Discord!
