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
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">https://etherscan.io/tx/0x2185...
https://etherscan.io/tx/0x2185154d7188938ebee78d5d94861fecc8512b2ad41b7ae75298851e0507a80a">https://etherscan.io/tx/0x2185...
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">https://gov.centrifuge.io/t/we-just...