1/ This happened, a decentralized protocol minted 38k $DAI out of thin air to finance a mortgage loan.
Real-World Asset are now a thing for @MakerDAO thanks to @centrifuge and @NewSilverLend
#DeFi meets #RealEstate
2/ You can see the transaction below. The third line shows the DAI came from nowhere (0x0) and on the bottom you have the property collateral NFT.
https://etherscan.io/tx/0x2185154d7188938ebee78d5d94861fecc8512b2ad41b7ae75298851e0507a80a
3/ This will grow with @NewSilverLend but also other asset originators are in the pipeline. Your local Wawa, trade finance, farms, solar farms ... and more undisclosed yet.
And there is a AMA tomorrow 16:00 UTC with @centrifuge to ask any question you might have. https://gov.centrifuge.io/t/we-just-got-a-5mm-credit-line-from-makerdao-ama/1970/9
“We just got a 5MM credit line from MakerDAO” AMA!

Just a few queries for AMA !! Ques 1) How the process works takes into consideration the legality of subscription agreement? I mean on one hand there is AO and the other is decentralized Maker...

https://gov.centrifuge.io/t/we-just-got-a-5mm-credit-line-from-makerdao-ama/1970/9
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