Centrifuge (CRYPTO: CFG)

Centrifuge is a decentralized protocol that connects the DeFi ecosystem with real-world assets. It aims to lower capital costs for small and mid-sized enterprises (SMEs) and offer a stable source of income for investors. The CFG token provides liquidity to the system and acts as a reward mechanism for investors. Centrifuge’s innovative approach includes tokenizing real-world assets as non-fungible tokens (NFTs), which are then used as collateral in the DeFi space through Tinlake, Centrifuge’s decentralized application lending protocol. This method allows businesses to leverage DeFi liquidity by using their real-world assets, thus bypassing traditional banking routes. Centrifuge was launched in 2017 by Lucas Vogelsang, the CEO, and Martin Quensel, the COO.

$0.34 $0.00 (0.1%) Sunday, October 13, 2024 at 3:00:04 a.m. Eastern Daylight Saving Time

Fundamentals Centrifuge

Last updated Oct 13, 2024, 03:00:04am EDT
Current Price $0.34
Change $0.00 (0.1%)
Close Price $0.34
Open Price $0.34
Bid $0.00
Ask $0.00
Day Range $0.33 - $0.34
Year Range $0.28 - $1.14
Volume 76,090
Market Cap $186,991,226.86

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