As a small business owner, the ethos of Centrifuge really resonates with me. But I can think of several ways an asset owner like me could become a bad actor. Could Centrifuge share how they plan to ensure these things don’t happen?
(1) How do you ensure that a single RWA has been converted to an NFT once, and only once? I could easily turn my single RWA into multiple NFTs across Centrifuge’s competitors.
(2) If I don’t pay back the loan for any reason, how do you seize my assets? Theoretically there’s no way for Centrifuge can seize my asset, because the asset is under my name in off-chain public records. Is there a real-world contract that’s enforcible across the globe? If not, how do you enforce it?
(3) Do you have human-in-the-loop everytime an RWA is converted to an NFT? What does this person/system do?