|All Time High:|
|Market Cap: |
|The price of #WCFG today is $0.30 USD.|
The lowest WCFG price for this period was $0, the highest was $0.297, and the exact current price of one WCFG crypto coin is $0.29656.
The all-time high WCFG coin price was $3.86.
Use our custom price calculator to see the hypothetical price of WCFG with market cap of BTC or other crypto coins.
|The code for Wrapped Centrifuge crypto currency is #WCFG. |
Wrapped Centrifuge is 1.6 years old.
|The current market capitalization for Wrapped Centrifuge is $18,049,314.|
Wrapped Centrifuge is ranked #481 out of all coins, by market cap (and other factors).
|There is a medium volume of trading today on #WCFG.|
Today's 24-hour trading volume across all exchanges for Wrapped Centrifuge is $111,582.
|The circulating supply of WCFG is 60,862,336 coins, which is 100% of the total coin supply.|
22 things from 2022
What a year!. — 2022 flew by, it seems like yesterday, but exactly 365 days ago, I posted 21 things from 2021. Check them out if you want to see the progress we’ve made as a project and how far the industry has come despite the challenges this year. Here are 22 highlights from our work in 2022: In the last executive vote of the year, MakerDAO onboarded BlockTower with four pools bringing $220M of TVL to Centrifuge., We’re going multichain with Connectors which will bring a native user experience to Ethereum, Avalanche, Moonbeam and Celo. Slated to launch in 2023, catch up with the development work that has been happening behind the scenes., Our TVL is strong at $87M and has remained stable, even grown while most of DeFi has heavily contracted., Vitalik wrote about RWAs bringing some much deserved attention to the space and specifically highlighting their potential in backing stablecoins., DeFi Drip: Coffee & Finance is a new series hosted by Cassidy, where she invites interesting people to talk about her favorite hobbies: coffee and finance. The first two guests were Seb of MakerDAO and Kevin Miao of BlockTower Credit., We are excited to add Coinbase Ventures and L1 Digital to our amazing list of backers., MakerDAO is scaling RWAs with dedicated MetaDAOs. Centrifuge is part of the Spring Cluster, a soon to be incubated MetaDAO., Pools on Centrifuge Chain are maturing. Check out the testnet., Token holders a...
BlockTower Credit and MakerDAO to Fund $220 Million of Real-World Assets through Centrifuge
We’re incredibly excited to close the year with the official launch of a $220 million fund with our partners BlockTower Credit and MakerDAO. The executive vote passed on Sunday, December 11, and Maker will deploy four vaults to fund investments in real-world assets (RWA), originated by BlockTower and issued on-chain through Centrifuge. This stands to be the largest on-chain investment in real-world assets to date, with Maker providing $150m of senior capital and BlockTower providing $70m of junior capital. It also marks the first institutional credit fund to bring their collateralized lending operations on-chain. Here’s a rundown of the senior capital that Maker’s vaults will provide to BlockTower’s pools on Centrifuge: — RWAs bring stability and institutional liquidity to DeFi - Deep in a bear market, at the end of a year’s worth of stomach turning headlines, this milestone cements the role of RWA in DeFi. While speculation recedes, economic needs continue. As demand for trading falls, DeFi-native stablecoins have seen revenue diminish. MakerDAO has been actively working to diversify its reserves and establish other revenue streams — and real-world assets have delivered — now representing 75% of MakerDAO’s revenues. And this doesn’t surprise us. As the first protocol to bring real-world assets on-chain, we’ve always believed RWAs are the key to stable yields in DeFi. By tapping into produc...
Growing Centrifuge with an investment from Coinbase
As crypto winter persists we’re attracting more capital and strategic partners. We’re welcoming Coinbase Ventures and L1 Digital to the CFG family. At Centrifuge, we’re the first DeFi protocol to finance real-world assets (RWAs) on chain. a Today we’re excited to announce a strategic funding round from prominent industry players, including L1 Digital, BlockTower, Scytale and Coinbase Ventures. While the overall crypto market has cooled, I’d say RWAs are hot. We’re leading the charge. I’m happy to share that more and more people are buying into our vision and joining the Centrifuge community. Earlier this year, we shared the news that BlockTower Capital entered into a strategic partnership with Centrifuge. Today we’re happy to share that we’re growing our network even more. As many of you might have noticed in the last months, BlockTower has become a very involved member of our community. What’s most exciting about our work together is that we’re working to onboard $150M of assets to Maker through Centrifuge. Thomas Klocanas, General Partner & Head of Ventures at BlockTower Capital shared his thoughts on RWAs and the future of finance:The intersection of DeFi and traditional credit, often dubbed Real World Assets within the digital asset space, is one of our highest conviction theses at BlockTower across our strategies, we’re extremely excited about continuing to support Centrifuge, who have been ...
AIR/aUSD Listing and Liquidity Incentive Program Launching on Karura Swap
48-hour bootstrap provisioning period expected live on July 13 We’ve been busy building on our experimental Kusama network, Altair. Now that the XCM channel between Altair and Karura is finally open, it’s time to move forward and list AIR/aUSD on Karura Swap! The AIR/aUSD bootstrapping period will start at block 2266477 (est. 7/13/2022 13:00 UTC) and will last for 48 hours. If liquidity targets are met, AIR/aUSD will be tradable on Karura Swap shortly after the end of the bootstrapping period. Listing AIR/aUSD on Karura Swap is the first step to ensure people can trade AIR on a DEX natively on Kusama, increasing token availability and community involvement in the ecosystem. Further pairs will be added subject to community discussion. — Incentive Program & Loyalty Bonus - To incentivize users to provide liquidity to the upcoming AIR/aUSD pool, Altair has allocated a total of 1,000,000 AIR and 2,000 KAR. The 1,000,000 AIR will be distributed as follows: 100,000 AIR will be distributed to the participants of the bootstrapping period (first 48 hours), while 900,000 AIR will be distributed over a 30 day period. Total Incentives: 1,000,000 AIR + 2,000 KAR Bootstrap Duration (approx. 48 hours): from block 2266477 to 2278819 Incentive Duration (30 day period): from block 2278819 to 2470133 Loyalty Bonus Percentage: 50% Claiming rewards before the end of the 30 day incentive period will void the loyalty bonus, whic...
Introducing Centrifuge Connectors
A hybrid cross-chain solution launching in partnership with Ava Labs, Moonbeam, and Nomad to bring the trillion-dollar Real-World Asset (RWA) market on-chain. — UPDATE (Aug. 2, 2022): Yesterday, an exploit attack on Nomad drained a significant amount of funds from the protocol. This attack did not impact Centrifuge Connectors and we continue to believe in the value of a cross-chain future for DeFi. We look forward to continued partnerships with leading bridges to drive resilient innovation and security. — Why is a cross-chain strategy important? - We believe in the multi-chain future of DeFi — a world where investors and borrowers can access liquidity from any protocol they want without the limitation of third-party integrations. Centrifuge Connectors is a step forward in making that future a reality. And we aren’t the only ones who believe in multi-chain. Ava Labs (the primary developers of the Avalanche blockchain), along with Moonbeam, and Nomad, share a joint vision for this future, and we’re happy to announce them as the inaugural partners for our cross-chain solution — Centrifuge Connectors.“Today, we’re announcing Centrifuge Connectors, a hybrid cross-chain solution that combines the speed and efficiency of a bridge with the native experience of a protocol fork.We’re excited to pioneer this novel concept with Avalanche, Moonbeam, and Nomad as our inaugural partners — and are th...
11 Reasons Why Businesses Will Love “Real World Asset Pools on Centrifuge Chain”
10 Reasons Why Businesses Will Love “Real World Asset Pools on Centrifuge Chain” - — We’re taking Real-World Assets to the next level in DeFi. Again. - The goal of Centrifuge is to create infrastructure that will make DeFi the best place to borrow and lend money against real world assets (RWAs). That’s why we’re launching and scaling RWA pools on Centrifuge Chain. This is a key component of our recently laid-out roadmap. This is a complete rewrite of our core product, going from “Tinlake on Ethereum” to “Pools on Centrifuge Chain.” Let’s take a look at why the “Pools” are the go-to choice for businesses who want to securitize their assets in DeFi. — 1: Lower transaction fees - High transaction fees are painful. We’ve heard you, and we’re doing something about it. With Pools on Centrifuge Chain, you can access significantly lower, more stable costs compared to the Ethereum mainnet. The integration with Centrifuge’s chain offers up to 90% lower transaction fees. — 2: Multiple tranches - Centrifuge was the first to implement tranching investment structure on chain. With Pools, you will be able to create multiple tranches to serve different types of investors. Tranches support different interest-rate models and are extremely flexible. Additional tranches can be added to active pools. — 3: Launching pools faster - Pool issuers can create pools that fit their business model...
Understanding Liquidity Management For Investors And Issuers
An Update on Redemption Requests on Tinlake. — — TL;DR. — Strong Investor demand for redemptions has reduced available pool liquidity., Redemption demand is correlated with recent market conditions., In some pools, new redemption requests will be fulfilled once the underlying assets mature (or additional investments are made)., Some Issuers will not be able to finance new assets until redemptions are fulfilled., Locked redemption requests will continue to accrue interest but will not continue to earn CFG rewards. Locked redemption orders can be canceled at any time., In response to these shifting market conditions, the Centrifuge and Tinlake ecosystems continue to fully operate as designed., Due to the recent market conditions, redemption requests have increased in some of Tinlake’s revolving pools. Until investors add more liquidity, this leaves repayments from Issuers as the main source of incoming liquidity. In pools where assets have not yet reached maturity, redemption requests will be fulfilled once additional liquidity becomes available. — How epoch-based investments/redemptions work in Tinlake. — In times of no available liquidity in a pool, locked redemption requests remain locked until liquidity becomes available. This happens two ways: 1) The issuer receives repayment of an asset 2) More liquidity is added to the pool by new and/or existing investors For Tinlake’s Revolving ...
Pools on Centrifuge: A FAQ for Issuers
Pools on Centrifuge: An FAQ for Issuers - Common Questions From Issuers Real-World Asset loan issuers (“Issuers”) and capital investors are the lifeblood of Tinlake — and soon, Pools on Centrifuge Chain. They work in tandem to build a robust borrowing and lending DeFi ecosystem that brings Real-World Assets (RWAs) on-chain. Today, we’re focusing on Issuers and how to become one. We’ll explore how pools work, the asset life-cycle and rewards. — What is an Issuer? - Let’s review what an Issuer is. An Issuer performs risk assessments on end-borrowers, creates and manages loan portfolios, and secures assets on our platform. The loans extended by these Issuers are funded by Centrifuge’s capital investors. Since Tinlake’s inception in 2020, we have onboarded 20 pools encompassing 12 different Issuers, some of whom have had multiple funding series. — Tinlake and the Pool Onboarding Proposal (POP) - — How do I apply to be an Issuer?. — Every prospective Issuer starts with a Pool Onboarding Proposal (POP), the first step in our decentralized, public-facing process designed to evaluate and onboard RWAs to Centrifuge. Today, the POP process is composed of three stages: Proposal: POPs are publicly submitted for community discussion and voting through the Centrifuge Forum., Assessment: POPs enter private due diligence and are risk assessed, legally reviewed, and structured by qualified th...
What Happens in an Asset Default on Tinlake?
Today we’re going to explore a common question about Tinlake and Real World Asset (RWA) financing: what happens when a borrower defaults on a loan? Unlike fully crypto-native (and typically overcollateralized) lending, RWAs can’t be instantly liquidated via the blockchain alone. So how does Tinlake handle a default? What happens in this case — both on-chain and off-chain? As is the case in traditional finance, we should expect defaults to happen sooner or later. In fact, in most asset pools, a reasonable percentage is expected to be written off — and this expectation is built into Tinlake’s infrastructure. — Junior and Senior : TIN and DROP - Let’s start with Tinlake’s two tranche model. On Tinlake, RWA pools have a junior and senior tranche — with separate tokens for each. TIN tokens represent an investment in the junior tranche, and DROP tokens an investment in the senior tranche. In the event of a default, the junior tranche (TIN) takes losses first — and earns a higher, variable yield. The senior tranche (DROP) is protected by the junior tranche as a result — and it earns a lower, fixed yield. The DROP and TIN yields should reflect the risk taken on by investors. Depending on what percentage of the pool the junior tranche is (a.k.a. TIN Buffer) and the amount of the default, a default could affect only TIN returns or affect both TIN and DROP returns negatively. In the case...
The Centrifuge Parachain is Live!
Here’s what’s coming next: token utility, integrations, and how to claim your CFG. — The Centrifuge Parachain is live! So, what’s next? If you haven’t had a read yet, check out Lucas’s post on our Real World DeFi Roadmap. In short, we are focused on CFG utility and growing liquidity in Centrifuge with integrations across the Polkadot ecosystem. Crowdloan claims go live next week. Read on to learn more about how to claim your CFG from the crowdloan and how to start putting it to work in the Centrifuge ecosystem! — CFG Token Utility Proposal - 👉 Head over to the governance forum and check out the new proposal to add additional functionality to CFG. This proposal asks the community to consider adding 2 new functionalities to CFG to improve the protocol and support more growth in the long-term. — 1. Turn on fees:. — With the new pools, borrowers could pay protocol fees that would go into the on-chain treasury. — 2. Staking to launch pools:. — As new pools go live, token holders could indicate trustworthy pools by staking to them. To incentivize that only quality pools launch on Centrifuge: the stake could be slashed, but also could earn part of the transaction fees of the pool it is staked to. These changes can have a positive impact on the protocol’s future growth potential, and CFG holders’ participation in that growth, by creating a link between CFG and the growing use...