Centrifuge
(CFG)$ 0.26
1.58 % (24H)Centrifuge Data
Price Range (24H)
Lowest
$ 0.25
Highest
$ 0.27
ATH
$ 2.53
Price Change (24h)
1.58 %
Price Change (7d)
0 %
Market Cap
$ 148,375,000
24h Volume
$ 758,857
Circulating Supply
507,632,000
Max Supply
-1
Centrifuge Overview
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.