CFG

Centrifuge (CFG) is a platform that bridges real-world assets to DeFi (decentralized finance) by allowing users to use their real-world assets as collateral for loans in the form of ERC-20 assets.

The native token of Centrifuge, CFG, serves multiple purposes within the Centrifuge platform. Primarily, it is used for transaction fees, staking, governance, and incentivizing user participation.

Centrifuge operates on a novel approach, using NFTs (non-fungible tokens) to tokenize real-world assets, such as invoices, loans, or royalty rights, thereby making these assets accessible to DeFi protocols. This provides opportunities for undercollateralized loans in DeFi and makes the sector accessible to businesses that operate outside of the traditional crypto sphere.

The team behind Centrifuge boasts a wealth of experience in finance, blockchain, and business, leveraging their skills to revolutionize how we view and interact with real-world assets in the ever-growing DeFi ecosystem.

Like with any cryptocurrency, investment in CFG carries a range of risks. Therefore, potential investors should conduct thorough research into the principles, technology, and performance of Centrifuge and possibly consult a financial advisor before making any investment decisions.