Welcome to our monthly summary of news, events, and governance updates from the Centrifuge DAO for December and a Happy New Year!

Centrifuge closes out 2023 with new announcements, milestones, and momentum, but there is no time to stand still! We as a DAO are already looking ahead to keep building Centrifuge, forge new partnerships, and expand the Real-World Asset Summit in 2024! More exciting news can be found in this newsletter!

• Centrifuge Milestones Part II

• The year of RWAs - Launches, milestones and momentum

• Real-World Asset Summit: Looking ahead to 2024

• The Centrifuge App with a major Multi-Chain Update

• Frax deploys $20M into T-bills through Centrifuge prime

• Governance Discussion: Levels of Engagement

Key Metrics

• Total Value Locked (12/31/23):
  $255.734M (MakerDAO: $143M; RWA Market: $3.8M)

• Total Active Loans: $252M

• Total Assets Originated: $495M

• Originated in December: $9M

• Token Holders: 49,265 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.

December highlights include:

• Events with Centrifuge:

  • Scytale Digital meetup in Zurich on December 5 with Lucas

  • SubQuery Interview with Jeroen🎙️

  • DeFi Drip: EY and tokenization in Asset Management 

• Centrifuge in the news:

  • CoinDesk: 5 Predictions for Real World Assets in 2024

  • The Tokenizer: Real World Assets Tokenization, The Next Generation of Capital Markets

  • Altcoin Buzz: Why the RWA Sector Accumulated $5.8 Billion in 3 Months?

  • Analytics Insights: Will 2024 Be The Year Of RWAs?

  • Cointelegraph: Blockchain-based private loans hit $582M, doubling from 2022

  • Yahoo Finance: Private Credit Rebounds in the Crypto Sector With a 55% Jump in 2023

• Research:

  • Messari: Crypto Theses 2024

  • Master Thesis by Abdul Rehman: Will blockchain disrupt the trading of real-world assets?

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.

• Centrifuge Milestones Part II: It’s time to look back to all the great achievements in the last year where a lot of groundbreaking progress was made. The RWA narrative is extremely strong and there is also a strong demand for US Treasuries in Anemoy’s Liquid Treasury Fund.

• 2023 has been a great year for RWA adoption and for Centrifuge with a Total Value Locked (TVL) of $255M and $500+ million in total assets financed. Let’s close the year and head into 2024 with some big announcements.

• Bhaji gives some (of the many) highlights from 2023 and announces that Centrifuge is expanding the Real-World Asset Summit globally, in addition to the flagship event in New York. City.

• The FraxDAO voted in favor of a proposal to onboard $20M of collateral into the Anemoy Liquid treasury! With this investment into treasury bills through Centrifuge Prime, the FraxDAO will create a new pipeline of resources for the protocol.

• Another proposal from the GnosisDAO to onboard Centrifuge Prime is still in progress, but it shows the growing interest for DAOs to engage with RWA investments and diversified sources of credit via Centrifuge Prime.

• The Centrifuge Time capsule collected some past “predictions’’ for 2023 made by our community. Who can find the real Nostradamus in the gallery?

More community news:

https://twitter.com/ACOBJason/status/1738270750300385548
https://twitter.com/santimentfeed/status/1733268517984895283
https://www.youtube.com/watch?v=LNMcMMv7wD0
https://twitter.com/masterRWA

Save the date(s): 
January 17: Centrifuge governance call
tba: Real-World Asset Summit 2024

Governance

• Let’s start the governance section with a Status Q4, provided by the GCG. The last few months - and in general the whole year - have been very productive and brought many changes and movements in terms of governance. To highlight the most important passed proposals: unclaimed Tinlake rewards, Updating Transaction fees for pools and updating Block rewards.

• The last Centrifuge governance call of the year, a Christmas edition, covered the Web3 foundation & Centrifuge, an update on Protocol fees and unclaimed Tinlake rewards plus the next steps the transition to OpenGov.

• As a follow up on the three established Levels of Agreement in the founding documents for the Centrifuge DAO Kate opens a discussion to review and reflect this decision and proposes to segment the contributors by having two levels into “Active” and “Inactive”. As well she mentions a potential new role of an Opportunity Master.

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

• In addition to the POP-submission for New Silver NS3 Cynthia Zhang from the Credit Group published a POP-report with an overview, the strengths and weaknesses of the proposed pool.

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 Centrifuge App got a major multi-chain update! Now it is possible to connect with any supported chain from the app to make new investments. As well there is a new portfolio page to track the earned yield and to receive more detailed asset information. In the pipeline: The integration of the Centrifuge Prime dashboard! Stay tuned!

• The first $500K USDC-transaction went live in the Anemoy Liquid treasury fund

• UrbanGate: December update & thoughts on the Housing market.

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

What are your thoughts and comments? Please share your feedback as reply to this post below or you can get in touch with the team, ambassadors or moderators in Discord!