Privacy Protection: The Future of DeFi
Reading Time: 5 mins read
On April 22, MakerDAO, known as the DeFi world’s ‘central bank’, in partnership with the financial supply chain project Centrifuge, completed the first real-world asset loan in DeFi (decentralized finance). Centrifuge helped New Silver, a loan pool to set up a real estate repayment and transfer loan pool in its Centrifuge Tinlake protocol. They have just financed their first loan using MakerDAO as a credit facility.
It is a major breakthrough and milestone for DeFi. With the help of DeFi, real-world financial institutions can operate 24 hours a day on smart contracts without trust issues, and provide low-interest rates on loans and access instant liquidity with minimum capital costs. This opens the door to a new trillion-dollar market for DeFi.