I anticipate a significant surge in demand when the bull market in DeFi takes off, and Centrifuge stands out as a platform for on-chain credit. I couldn't help but chuckle at the project's name, as it doesn't quite seem to align with the DeFi space in my personal opinion.
But what problem does Centrifuge aim to address? Its primary objective is to connect decentralized finance with real-world assets. It seeks to mitigate the volatility often associated with profits earned through cryptocurrencies. Personally, I find this aspect appealing. For instance, I recently won a sticker contest and received a certain number of tokens as payment, only to discover that their value had suddenly decreased by 30% when I received them. The stability and liquidity offered by Centrifuge mean that you don't suffer from fluctuations of volatile cryptocurrencies. That's their claim, but when I examine the chart (see img 1), it seems to tell a different story.
I was initially inclined to give it a 4-star rating, but I haven't seen any distinct features that set it apart or make it superior to other available options. This, and the volatile "stable coin," of course. Show Less
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