2024-February Centrifuge Monthly Summary
Centrifuge Monthly Summary
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March 6th, 2024

Welcome to our monthly summary of news, events, and governance updates from the Centrifuge DAO for February!

Please subscribe to the newsletter to receive the latest updates directly to your inbox!

Centrifuge is at ETHDenver — one of the places for every DeFi protocol to be — to share some major announcements. Amongst others: new partnerships, protocol revenue from fees for the treasury, and the expansion of the Real-World Assets Summit! This and more exciting news can be found in this newsletter!

Key Metrics

  • Total Value Locked (2/29/24): $265.5M (MakerDAO: $155.6M; RWA Market: $3.8M)

  • Total Active Loans: $265M

  • Total Assets Originated: $532M

  • Originated in February: $25M

  • Repaid in February: $20M

  • Token Holders: 50,866 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.

February ecosystem includes:

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.

What’s new from ETHDenver? Major announcements from Centrifuge to share:

  • Centrifuge becomes self-sustainable from Protocol fees

  • New partnership with Finoa crypto custodian (see below)

  • Continued demand for tokenized treasuries

  • Expanded event series (see below)

  • Report: The future of Stablecoins (see below)

  • A new partnership is secured: Finoa, a crypto custodian, has integrated Centrifuge’s Anemoy Fund to integrate tokenized T-bills! The partnership enables customers from Finoa to custody their investments in Real World Assets via Pools on Centrifuge.

  • New from Fixing Finance, at the intersection of TradFi and DeFi: A new Stablecoin report from industry experts (co-authored by Asad) and their opinions on How Stablecoins, RWAs, and Onchain-Capital Markets will Continue to evolve.

  • The signal to noise ratio at our inaugural Real-World Assed Summit-event in NYC last year was a clear indication of a bright future. Not only does the Real-World Asset Summit return to The William Vale in October, as a consequence of the last event’s success, Centrifuge announced an expansion into a Summit Series around the world in 2024, taking place in Dubai (April, TOKEN2049), Austin (May, Consensus), Brussels (July, EthCC) and Singapore (September, TOKEN2049).

  • We consolidate wCFG and CFG into one name and ticker symbol. With this move it is easier to track and transact Centrifuge on Ethereum, the Centrifuge Chain and everywhere else. Only the name is changing from wCFG to CFG, no functional or tokenomic changes take place.

  • Ambassador introduction: Welcome to Centrifuge as new ambassadors: John Rhodel for our Brazilian/Portuguese-community and Nicolas aka AriochEth on Twitter/X as second french-native✔️

More community news

@tradesman: Tradesman.base Centrifuge channel on Warpast https://twitter.com/masterRWA/status/1762525053940363297 https://twitter.com/crypto_banter/status/1760969714094772542
Altcoin DeepDive: What is Centrifuge?

Save the date

20 March: Centrifuge governance call
April 17-19 (Dubai): TOKEN2049
May 28 (Austin, TX): Consensus
July 9 (Brussels): EthCC

Governance

The governance proposal CP84 Unclaimed Polkadot Rewards has passed and there is a final 60 day window to claim all remaining CFG-rewards.

!Please claim your Crowdloan rewards before April 05 2024 After this date the CFG-claiming will be discontinued!

  • See the governance summary for an overview provided by the GCG, amongst others with the Request for the Technical Committee Mandate which ended recently and brought the 4th mandated group to the DAO and the Update of Protocol fees to remain competitive in the market and self-sustainable.

  • On the agenda of February’s Centrifuge governance call were amongst others the Roadmap proposal for the Protocol and a community proposal to recover CFG-tokens. If you haven’t joined a gov call yet, you can register in the forum post.

  • After the discussion for the Centrifuge roadmap (see governance call) the snapshot vote is open until March 7 and every token-holder ist invited to use his/her tokens.

  • The CentrifugeDAO is looking for an expert to take over the leadership in Treasury and Resource Allocation. If you have experience in governing or managing a DAO Treasury and are interested in the role please email Kate (further details in the post).

!Please actively participate in the governance process, leave your comments and remarks in the RFCs and vote on proposals!

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

  • In case you don’t know it yet (and you need some data), check out the excellent Centrifuge dashboard on Dune Analytics.

  • News from the Centrifuge Credit Group: Harvey delivers the monthly Credit Group Progress Update for January plus the thoroughly researched latest report from the Asset Primer Series on the Asset Allocation Process.

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

Connect with us as a reply to this post or you can get in touch with the team, ambassadors or moderators in Discord!

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