RWAs might bring tradfi on-chain. But who brings RWAs to life?
🔹 @pendle_fi $PENDLE
🔸 @chainlink $LINK
🔹 @Centrifuge $CFG
🔸 @MapleFinance $MPL
🔹 @OndoFinance $ONDO
🔸 @hedera $HBAR
Which one unlocks the most value?
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mtn drew
swapped KMNO for MPLX
1) the new genesis product is interesting
2) token creation [and trading] is solana's MO. ancillary defi, not as much.
3) both tokens have the protocol revenue story tailwind
4) Though both are sector leaders, Metaplex feels like more of a monopoly operating in a league of its own. now its coming after the prevailing "narrative" (i guess you could say) in the solana ecosystem - the pump story, fair token launches (but safer and with more customizability)
the genesis launch was obviously front run by people with insider info but idc b/c the price is still good
i've owned mplx before. it's one of the sleepiest tokens i've ever seen. i got tired of it doing nothing for so long for reasons i was not aware of.
i'm hoping this finally wakes it up a bit.
mtn drew
current investments:
very high conviction: BTC, ETH
high conviction: MPL, EUL, JTO, COIN, HYPE
neutral conviction: APT, HOOD, ENA, ARB, JUP, MORPHO, KMNO, CFG
Note: i would probably have HOOD as a High Conviction investment but i keep it in the Neutral tier b/c their crypto business is still just a fraction of the whole and i do not do careful analysis on the rest of the business, so i think it would be irresponsible to size my investment higher. i think the fraction of their crypto business will continue to grow and grow, but it nevertheless remains more of a speculative bet than a fundamental value bet.
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Steakhouse Financial
Broader adoption of Steakhouse products across the institutional space
USDT users of Anchorage can now also enjoy Steakhouse USDT in qualified custodian environments
Anchorage Digital ⚓
Anchorage Digital recently added support for 16 new assets:
+ @arbitrum: Staked @USDai_Official (SUSDAI) and USDai (USDAI).
+ @avax: @FTDA_US Franklin OnChain U.S. Government Money Fund (BENJI).
+ @base: @blackbird_xyz F2 (F2), @FTDA_US Franklin OnChain U.S. Government Money Fund (BENJI), @FWBtweets Pro (FWB), and @townsxyz (TOWNS).
+ @ethereum: @animecoin (ANIME), @centrifuge (CFG), @FTDA_US Franklin OnChain U.S. Government Money Fund (BENJI), @fuel_network V2 (FUEL_V2), Staked @ether_fi (SETHFI), and @SteakhouseFi USDT (STEAKUSDT).
+ @Optimism: @worldcoin (WLD).
+ @solana: @doodles (DOOD) and @KyrosFi Restaked JTO (JYJTO).
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Dune
This week in Dune Digest 18:
💥 $40M exploit hits @GMX_IO
📈 Intent surge on @NEARProtocol
🎯 @pumpdotfun fights back with $PUMP
🏆 @maplefinance flips BlackRock’s BUIDL
📊 @centrifuge brings the S&P 500 onchain
Let’s dive in 🧵👇
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IT Tech
🚨 Has #AltSeason finally kicked off?
In the past 14 days, 52 of 56 majors have outrun Bitcoin, some by 30-40 % (see chart 1). It feels like alts are waking up… but one snapshot can fool you. Let’s zoom out.1/🧵 👇
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Convert USD to CFG
CFG
USD
Centrifuge price performance in USD
The current price of Centrifuge is $0.21900. Over the last 24 hours, Centrifuge has increased by +7.78%. It currently has a circulating supply of 561,223,318 CFG and a maximum supply of 567,583,640 CFG, giving it a fully diluted market cap of $122.68M. At present, Centrifuge holds the 0 position in market cap rankings. The Centrifuge/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
Purchasing cryptocurrency offers numerous benefits, including uninterrupted market access, fast transactions, and user autonomy over their assets. However, the notable drawback is the significant volatility that cryptocurrencies often exhibit.
While some volatility is necessary for trading opportunities, the crypto market tends to experience heightened fluctuations. This is where projects like Centrifuge (CFG) come into play, aiming to provide a less volatile alternative while retaining the advantages of cryptocurrencies.
What is Centrifuge?
Centrifuge is a decentralized asset financing protocol that bridges the gap between real-world assets (RWA) and decentralized finance (DeFi). By connecting these two realms, Centrifuge offers traders a stable source of income while reducing the cost of capital for small and mid-size enterprises (SMEs).
The project's primary objective is to generate profits independent of the volatility of traditional crypto assets. It aims to achieve this by facilitating the transfer of real monetary value from fiat currencies to the crypto space, providing a more stable and reliable trading option.
The Centrifuge team
The Centrifuge team, composed of Martin Quensel and Lucas Vogelsand, launched the project in 2017. Vogelsand, the founding engineer of Centrifuge, also holds the CEO position within the company. Before his involvement with Centrifuge, he co-founded DeinDeal, a well-known e-commerce startup, in 2010. Quensel, on the other hand, serves as the project's COO. Before his role at Centrifuge, he was also a co-founder of Taulia.
How does Centrifuge work?
Centrifuge allows its client companies to access the liquidity of DeFi. They get to tokenize real assets, and use these tokens as collateral for accessing financing using Tinlake, the project’s decentralized application (DApp) lending protocol. Centrifuge’s network was built on Polkadot, so it also gets access to fast speeds and low fees.Meanwhile, its financial DApp Tinlake was built to access the liquidity on Ethereum.
CFG: Centrifuge's native token
Centrifuge has its native cryptocurrency called CFG token. The CFG token was introduced in July 2021 and does not have a maximum supply. The total supply of CFG tokens is currently 430.01 million. As of June 2023, the circulating supply of CFG tokens is 360.26 million units.
CFG token use cases
The CFG token serves various use cases within the Centrifuge ecosystem. It is utilized for trading, investing, and staking activities. Additionally, the token powers the network infrastructure and the project's DApp. It is also employed for paying transaction fees and participating in governance decisions.
Distribution of CFG
The distribution of CFG tokens is as follows:
17.1 percent is allocated to private round funding.
8 percent is allocated to public funding rounds.
27 percent is allocated to the team.
11.8 percent is allocated for the development of the project.
7.3 percent is set aside for rewards.
11.8 percent is allocated to the foundation.
9.9 percent is allocated toward the ecosystem.
7.1 percent is allocated for grants.
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 540 new posts about Centrifuge, driven by 304 contributors, and total online engagement reached 15K social interactions. The sentiment score for Centrifuge currently stands at 83%. Compared to all cryptocurrencies, post volume for Centrifuge currently ranks at 5738. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Centrifuge.
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Posts
540
Contributors
304
Interactions
15,465
Sentiment
83%
Volume rank
#5738
X
Posts
535
Interactions
15,447
Sentiment
84%
Centrifuge FAQ
How much is 1 Centrifuge worth today?
Currently, one Centrifuge is worth $0.21900. For answers and insight into Centrifuge's price action, you're in the right place. Explore the latest Centrifuge charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Centrifuge, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Centrifuge have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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