This category is used for technical discussion about Centrifuge Chain and the Altair network, including running a Collator

Engineering

This category is used for updates, announcements and latest news about Centrifuge

Announcements

This category is used for broader discussions around Real World Assets (Decentralized underwriting, financial markets, tokenized assets) and financing, including introductions, POPs plus announcements and updates from Pools

Real World Assets

This category is used for discussion around investing in Tinlake pools, the RWAmarket and Maker as well to inform about product updates

Product

The community category is a space to ask and discuss anything about Centrifuge and Altair. Anyone can answer questions and add to the discussion

Community

This category is used for governance-related discussions, to post ‘request for comments’ and governance proposals.

Centrifuge Governance

This category is used for the governance process, discussion around Altair, to post ‘request for comments’ and proposals.

Altair Governance

<p>More than 100 have read the proposal. If you have suggestions as to how I can reach out to community more proactively, that would be great.</p>
<p>What are your thoughts? Based your experience do you think it can pass?</p>

Michael Sonenshine

2024-September Centrifuge DAO: Monthly Summary

<p>As a fan of diversification in my own life, I think this is a worthy endeavor. Some of the mentioned DAOs are long-standing Web3 protocols and communities that could certainly add longterm value to the Centrifuge DAO treasury (e.g. AAVE, Maker/Sky, etc).</p>

The Phunky One | Lucky Friday 🍀

CP132: Strategic Token Swaps Initiative for Centrifuge DAO

Active Contributor/ Altair & Centrifuge Collator

<p>Council Motion 103 has passed in the council and has now become Referendum 65 for all CFG token holders to vote on.</p>
<p>The referendum is open for 7,200 blocks (~24 hours).</p>
<p><img src="https://emoji.discourse-cdn.com/twitter/ballot_box.png?v=12" title=":ballot_box:" class="emoji" alt=":ballot_box:" loading="lazy" width="20" height="20"> Vote in the portal: <a href="https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fcentrifuge-parachain.api.onfinality.io%2Fpublic-ws#/democracy"> CP131: Recovery of lost tokens in bridge transaction 2</a></p>
<p>or</p>
<p><img src="https://emoji.discourse-cdn.com/twitter/ballot_box.png?v=12" title=":ballot_box:" class="emoji" alt=":ballot_box:" loading="lazy" width="20" height="20"> Vote on SubSquare: <a href="https://centrifuge.subsquare.io/democracy/referenda/65"> CP131: Recovery of lost tokens in bridge transaction 2</a></p>
<p>Please vote on the referendum.</p>

Orhan

CP131: Recovery of lost tokens in bridge transaction 2

Governance Facilitator / Active Contributor

<p>It’s funny and pathetic that all investors have no clue what’s happening and have to chase for updates from time to time. When you ask Centrifuge, they’ll tell you that you signed an agreement with the issuer, and it has nothing to do with them—email the issuer. But when you email the issuer, nobody replies. None of this happened when I invested with Goldfinch and Maple Finance; they always communicated with the issuer and provided updates to investors. Scroll up, and you’ll see the counsel mentioned they would repay by the end of the year, so I’ll just wait, but I’m not putting much hope into it. The chances of getting our funds back are very slim. I warned about this two years ago when I saw they kept making false promises again and again.</p>

hepp

1754 Factory: Proposed Legal Review and Report to Centrifuge Community

<p>This proposal offers a great opportunity for Centrifuge to strengthen its credit analysis capabilities and leverage the expertise of seasoned professionals to evaluate new credit opportunities. The clarity provided around the structure, responsibilities, and compensation within the Credit Group demonstrates a well-thought-out approach to ensuring high-quality credit assessments.</p>
<p>I’m particularly excited about how this initiative encourages the expansion of the Credit Group. Bringing in professionals with diverse backgrounds and expertise will significantly enhance the group’s ability to assess a wide range of credit products. The pre-screening and reporting process you’ve outlined will ensure a consistent and transparent review, which is essential for community trust.</p>
<p>The progress made so far in 2023, including drafting the credit report template and starting the pre-screening process, is a solid foundation for the group’s future. Iterating on this process based on community feedback will ensure continuous improvement, which is key in such a dynamic field.</p>
<p>For anyone considering joining the Credit Group, this is an exciting opportunity to contribute meaningfully to Centrifuge’s mission of decentralizing credit. The flexibility in compensation and recognition of the time commitment shows that the community values the work being done. I’m eager to see how this initiative evolves as capital markets regain momentum, and I look forward to reading the upcoming credit reports.</p>
<p>Let’s keep building!</p>

CCG - Compensation Proposal &amp; New Membership

CCG - Compensation Proposal & New Membership

<p>Well done.  It is well written, clear, and sets out a sound policy framework. Stakeholders should most definitely vote in favor. The only thing I would recommend is monitoring mechanism which should be a periodic review of acivities to make sure they are in line with the policy.  Also the policy should be revisited periodically to ensure it remains consistent with the overriding objectives, especially if those objectives change.</p>

CP130: Goals and Themes for Resource Allocation for the Centrifuge Treasury

<p>Good day <a class="mention" href="/u/puke6516">@puke6516</a><br>
please follow the instructions in tutorial here: <a href="https://gov.centrifuge.io/t/ledger-support-is-back-for-cfg/6524" class="inline-onebox">Ledger Support is Back for CFG</a></p>

1010: invalid transaction: transaction has a bad signature

<p><a href="https://github.com/centrifuge/cps/blob/main/cps/CP128/CP128.md">CP1128</a> has now been merged into the Centrifuge proposal repository on GitHub and is now final.</p>
<p>The OpenSquare Snapshot has been created and will <strong>start the 4th October 11.00am CET</strong> and will end the 18th October 11.00am CET (open for exactly 14 days).</p>
<p><img src="https://emoji.discourse-cdn.com/twitter/ballot_box.png?v=12" title=":ballot_box:" class="emoji" alt=":ballot_box:" loading="lazy" width="20" height="20"> Vote here: <a href="https://voting.opensquare.io/p/225" class="inline-onebox">CP128: Amendments to CP2 component</a></p>

CP128: Amendments to CP2 component

<p>The Governance &amp; Coordination Group will provide a monthly update about all ended and on-going proposals - both in our own and in the broader crypto ecosystem - so the DAO can stay updated.</p>
<hr>
<p><img src="https://europe1.discourse-cdn.com/flex013/uploads/centrifuge1/original/2X/d/de1eec5f6eaee06d1ab92f5cbe3ffd5ad35c5ae4.png" alt="image" data-base62-sha1="vGYfAgNcjxnwPZVndVF3mDLePHe" width="213" height="86"></p>
<h2><a name="p-18690-ended-proposals-1st-september-30th-september-1" class="anchor" href="#p-18690-ended-proposals-1st-september-30th-september-1"></a>Ended proposals (1st September - 30th September)</h2>
<div class="md-table">
<table>
<thead>
<tr>
<th>CP#</th>
<th>Proposal</th>
<th>Status</th>
<th>Ended</th>
</tr>
</thead>
<tbody>
<tr>
<td>126</td>
<td><a href="https://gov.centrifuge.io/t/cp126-recovery-of-lost-tokens-in-bridge-transaction/6527">Recovery of lost tokens in bridge transaction</a></td>
<td>passed</td>
<td>2/9/2024</td>
</tr>
</tbody>
</table>
</div><h2><a name="p-18690-on-going-proposals-2" class="anchor" href="#p-18690-on-going-proposals-2"></a>On-going proposals</h2>
<div class="md-table">
<table>
<thead>
<tr>
<th>CP#</th>
<th>Proposal</th>
<th>Status</th>
<th>Ending</th>
</tr>
</thead>
<tbody>
<tr>
<td>127</td>
<td><a href="https://gov.centrifuge.io/t/cp127-open-11-xcm-channels-and-register-parachain-tokens/6544/1">Open 11 XCM channels and register parachain tokens</a></td>
<td>rfc</td>
<td>N/A</td>
</tr>
<tr>
<td>128</td>
<td><a href="https://gov.centrifuge.io/t/cp128-amendments-to-cp2-component/6549">Amendments to CP2 component</a></td>
<td>rfc</td>
<td>N/A</td>
</tr>
<tr>
<td>130</td>
<td><a href="https://gov.centrifuge.io/t/cp130-goals-and-themes-for-resource-allocation-for-the-centrifuge-treasury/6564">Goals and Themes for Resource Allocation for the Centrifuge Treasury</a></td>
<td>rfc</td>
<td>N/A</td>
</tr>
<tr>
<td>XXX</td>
<td><a href="https://gov.centrifuge.io/t/cpxxx-pop-markitlend-us-consumer-credit/6565">(POP) MarkitLend US Consumer Credit</a></td>
<td>rfc</td>
<td>N/A</td>
</tr>
</tbody>
</table>
</div><details>
 <summary>CP127: Open 11 XCM channels and register parachain tokens</summary>
<p>Short summary:</p>
<ul>
<li>Open XCM channels with the following 11 parachains and register their parachain tokens on Centrifuge: Interlay, Bifrost, Acala, Zeitgeist, Astar, Phala, Polkadex, KILT, Neuroweb, Pendulum, Mythos</li>
</ul>
<p>Implications:</p>
<ul>
<li>Enable trading of CFG on DEXs across Polkadot: Acala, Astar, Polkadex</li>
<li>Stablecoins from Stellar to be used in Centrifuge RWA markets via Pendulum</li>
<li>Interlay could open a CFG money market (requires runtime changes to support 18 decimals)</li>
<li>Use Kilt decentralized IDs for KYC on Centrifuge?</li>
</ul>
</details>
<details>
 <summary>CP128: Amendments to CP2 component</summary>
<p>Short summary:</p>
<ul>
<li>Making amendments to the CP2 component (used for funding requests)</li>
</ul>
<p>Implications:</p>
<ul>
<li>Introduce a milestone based funding process</li>
<li>Making minor changes to the template used for funding requests</li>
</ul>
</details>
<details>
 <summary>CP130: Goals and Themes for Resource Allocation for the Centrifuge Treasury</summary>
<p>Short summary:</p>
<ul>
<li>This proposal is an agreement that the goal of resource allocation from the Centrifuge Treasury should always support the mission of Centrifuge and to this end, resources should be allocated to the proposals that can make the case for the highest return and highest impact for Centrifuge according to clear goals and themes.</li>
</ul>
<p>Implications:</p>
<ul>
<li>All proposals should connect to the wider Centrifuge goals, and specify which goals your proposal meets and how.</li>
<li>Proposals must specialize in one or more of the Themes and list which Theme(s) are applicable.</li>
</ul>
</details>
<details>
 <summary>CPXXX: (POP) MarkitLend US Consumer Credit</summary>
<p>Short summary:</p>
<ul>
<li>Pool onboarding proposal to launch a new pool on Centrifuge to allow investors to invest in MarkitLend US Consumer Credit Fund, LP.</li>
</ul>
</details>
<p>You can find a list of all ended CPs (both passed and rejected) to date in the <a href="https://github.com/centrifuge/cps">Centrifuge Proposal Repository</a> on GitHub.</p>
<h2><a name="p-18690-on-going-governance-discussions-3" class="anchor" href="#p-18690-on-going-governance-discussions-3"></a>On-going governance discussions</h2>
<p>These discussions are for sharing ideas and receiving feedback to help sharpen any forthcoming proposals.</p>
<ul>
<li><a href="https://gov.centrifuge.io/t/discussion-levels-of-engagement-of-the-centrifuge-dao/5875">Levels of Engagement of the Centrifuge DAO</a></li>
</ul>
<hr>
<p><img src="https://europe1.discourse-cdn.com/flex013/uploads/centrifuge1/original/2X/6/6fc3823afa994ddb87fcf7ba6f7f1c1c4f3dbaf8.png" alt="image" data-base62-sha1="fWHSemyxtkTFBvAHfIbYepVEVe0" width="213" height="86"></p>
<h2><a name="p-18690-proposals-made-in-other-daos-4" class="anchor" href="#p-18690-proposals-made-in-other-daos-4"></a>Proposals made in other DAOs</h2>
<p>These are proposals made by Centrifuge Active Contributors in other DAOs.</p>
<h2><a name="p-18690-ended-proposals-1st-september-30th-september-5" class="anchor" href="#p-18690-ended-proposals-1st-september-30th-september-5"></a>Ended proposals (1st September - 30th September)</h2>
<div class="md-table">
<table>
<thead>
<tr>
<th>Proposal</th>
<th>Where</th>
<th>Status</th>
<th>Ended</th>
</tr>
</thead>
<tbody>
<tr>
<td><a href="https://polkadot.subsquare.io/referenda/1059">Inclusion of Centrifuge in Marketing Narratives</a></td>
<td>Polkadot DAO</td>
<td>passed</td>
<td>5/9/2024</td>
</tr>
<tr>
<td><a href="https://polkadot.polkassembly.io/referenda/1122">Proposal for the Polkadot Community to Earn RWA Yield on Idle Stablecoins via Centrifuge</a></td>
<td>Polkadot DAO</td>
<td>passed</td>
<td>28/9/2024</td>
</tr>
</tbody>
</table>
</div><details>
 <summary>Inclusion of Centrifuge in Marketing Narratives</summary>
<p>This is a proposal submitted to the Polkadot DAO by <a class="mention" href="/u/imdior">@ImdioR</a> in order to include Centrifuge in marketing narratives funded by Polkadot Bounty <span class="hashtag-raw">#33</span> – Marketing Bounty.</p>
<p>The proposal is live as Referendum 1059 on Polkadot OpenGov and any DOT holder can vote in this proposal.</p>
</details>
<details>
 <summary>Proposal for the Polkadot Community to Earn RWA Yield on Idle Stablecoins via Centrifuge</summary>
<p>This is a proposal made by <a class="mention" href="/u/graysonalto">@GraysonAlto</a>, with support from <a class="mention" href="/u/imdior">@ImdioR</a> and <a class="mention" href="/u/the_phunky_one_lucky">@The_Phunky_One_Lucky</a>, and is a treasury proposal made to the Polkadot DAO to allocate 3M USDC of their idle stablecoins in their treasury to invest in Centrifuge’s T-Bill pool, Anemoy Liquid Treasury Fund.</p>
<p>The proposal is live as Referendum 1122 on Polkadot OpenGov and any DOT holder can vote in this proposal.</p>
</details>
<h2><a name="p-18690-on-going-proposals-6" class="anchor" href="#p-18690-on-going-proposals-6"></a>On-going proposals</h2>
<div class="md-table">
<table>
<thead>
<tr>
<th>Proposal</th>
<th>Where</th>
<th>Status</th>
<th>Ending</th>
</tr>
</thead>
<tbody>
<tr>
<td><a href="https://forum.sky.money/t/tokenization-grand-prix-application-centrifuge/25091">Spark Tokenization Grand Prix</a></td>
<td>Sky/Maker DAO</td>
<td>rfp</td>
<td>N/A</td>
</tr>
</tbody>
</table>
</div><details>
 <summary>Spark Tokenization Grand Prix</summary>
<p>A collaborative proposal, made together with Anemoy (issuer of T-bills on Centrifuge) and Janus Henderson Investors (a tier-one asset manager with $360B+ AUM).</p>
<p>Together with other issuers, they are competing to get a part of $1B from Maker DAO to invest in tokenized Real-World Assets. The decision will be made by Maker Governance and MKR holders.</p>
</details>

Governance Update September 2024

<p><strong>September 27, 2024</strong></p>
<p><strong>Subject: Legal Update and Appeal Rights Regarding the Hanhwa Case</strong></p>
<p>Dear Valued Investors and Affected Parties,</p>
<p>We are writing to update you on the latest developments regarding the legal proceedings related to Hanhwa and its CEO, Ryan Lee, and to outline the next steps available to Consol Freight and the impacted stakeholders.</p>
<p>As you are aware, this case has significantly impacted Consol Freight, leading to a halt in our operations. Our legal team has been actively pursuing recovery options through the courts, but recent decisions have created additional challenges.</p>
<h1><a name="p-18689-recent-court-decision-1" class="anchor" href="#p-18689-recent-court-decision-1"></a>Recent Court Decision</h1>
<p>On <strong>27 May 2024</strong>, Judicial Registrar Birchall delivered a decision that rejected Consol Freight’s attempt to subpoena documents from the Liquidator and Directed Electronics (the Plaintiff in this case). These subpoenas were critical to understanding the sale and disposal of assets that Consol Freight financed through its trade finance agreement with Hanhwa. The court also declined our request for preliminary discovery, further hindering our ability to gather evidence regarding the sale of inventory.</p>
<h1><a name="p-18689-options-moving-forward-2" class="anchor" href="#p-18689-options-moving-forward-2"></a>Options Moving Forward</h1>
<p>Our barrister has advised that Consol Freight has the right to appeal this decision. The appeal would be a “de novo” hearing, meaning the court will look at the case from the beginning, allowing us to present new evidence and arguments. While we have a reasonable basis for an appeal, there are significant financial obligations associated with pursuing this course. In addition to paying a deposit to cover the defendants’ attorney fees, we must also settle any outstanding legal costs resulting from our unsuccessful subpoena request.</p>
<p>One critical factor in the appeal is that the Liquidator had initially undertaken not to deal with the</p>
<p>$440,000 from the sale of Consol Freight’s inventory. However, recent developments suggest the Liquidator has reversed this decision without notice, and it appears the funds may have been used. This raises serious legal questions, and our legal team is exploring potential claims against the Liquidator for breaching their duties and assisting in what may have been a fraudulent disposal of Consol Freight’s goods.</p>
<h1><a name="p-18689-limited-time-to-act-3" class="anchor" href="#p-18689-limited-time-to-act-3"></a>Limited Time to Act</h1>
<p>While these legal arguments provide a potential path forward, we want to be transparent about the risks and uncertainties involved. There is no guarantee of success, and the financial burden of continuing this case is significant.</p>
<p>Given these considerations, Consol Freight is offering <strong>MakerDAO and Defactor</strong>, as the largest affected parties, the opportunity to take over our rights to appeal and continue pursuing the case. We will limit this offer to a <strong>30-day period</strong>, after which time Consol Freight will cease any further legal actions if no other party steps in to take over.</p>
<h1><a name="p-18689-next-steps-4" class="anchor" href="#p-18689-next-steps-4"></a>Next Steps</h1>
<p>If MakerDAO or Defactor wishes to explore this option, we encourage you to contact us within the next 30 days to discuss how the process might proceed. We will continue to provide any relevant information and legal documentation to support your decision.</p>
<p>Please understand that, while the appeal offers a chance to recover funds, the process remains uncertain, and any further legal proceedings will come with associated risks and costs. We remain committed to supporting this process in any way we can, and we will be as transparent as possible throughout the remaining stages.</p>
<p>We deeply appreciate your patience and understanding during these challenging times. Should you have any questions or wish to discuss this further, please feel free to reach out to us.</p>
<p>Sincerely</p>
<p>Jose Tovar</p>

Consol Freight Pilot, LLC

Legal Proceedings Update: CONSOLFREIGHT PILOT, LLC vs. Hanhwa CEO

<p>Thanks much for giving MarkitLend the opportunity to highlight its pool proposal.</p>

Centrifuge Governance Call #30 | 2024-09-18

<p><a class="mention" href="/u/robinnagpal">@robinnagpal</a>  - I added a presentation covering track records.  You can view it <a href="http://markitlend.com/wp-content/uploads/2024/09/MeetourManagers-202409.pdf" rel="noopener nofollow ugc">here.</a></p>

CPXXX: (POP) MarkitLend US Consumer Credit

<p>Hi everyone.  I just wanted to draw your attention to <a class="mention" href="/u/mktlend">@MktLend</a> Pool Proposal.  You can see it in the governance section.  Comments and feed back are welcome!</p>
<p>The link is <a href="https://gov.centrifuge.io/t/cpxxx-pop-markitlend-us-consumer-credit/6565">https://gov.centrifuge.io/t/cpxxx-pop-markitlend-us-consumer-credit/6565</a></p>

@MktLend Pool Proposal is posted

<p><a class="mention" href="/u/mktlend">@mktLend</a>  posted a proposal for a Pool.  Please check it out.  Comments, feedback and questions are appreciated!</p>
<p>Michael</p>

Pools on Centrifuge Chain are coming!

<p>Hello Kate, I have couple of points to add from myside and DAO think about</p>
<ol>
<li>Sponsoring can be secondary but if team can speak on stage that will bring definitely some more exposure</li>
<li>There are two sets of audience here one is large number normal audiences and other is corporates like VanEck for example based on my earlier visit</li>
<li>There is good media visibility but I not sure if sponsoring will be helpful</li>
</ol>
<p>Alternatively we can team up with a community and do a side event or something that brings like minded people together</p>

Eshwar

Kate

Participation in RWA Paris Summit 2025

<aside class="quote no-group" data-username="spazcoin" data-post="3" data-topic="6544">
<div class="title">
<div class="quote-controls"></div>
<img loading="lazy" alt="" width="24" height="24" src="https://dub1.discourse-cdn.com/flex013/user_avatar/gov.centrifuge.io/spazcoin/48/3057_2.png" class="avatar"> spazcoin:</div>
<blockquote>
<p>So this CP proposal will wait until then.</p>
</blockquote>
</aside>
<p>Sounds great. Thanks for keeping us informed.</p>

CP127: Open 11 XCM channels and register parachain tokens

<p>This is a relief to every token holder whose CFG were locked in limbo on their Ledger! Now everyone can access their tokens again and use them for participating in the governance process.</p>
<p>Shout out to Zondax for developing this app! <img src="https://emoji.discourse-cdn.com/twitter/partying_face.png?v=12" title=":partying_face:" class="emoji" alt=":partying_face:" loading="lazy" width="20" height="20"></p>

Christian

Ledger Support is Back for CFG

Active Contributor

<h1><a name="p-18637-h-2024-august-centrifuge-dao-monthly-summary-1" class="anchor" href="#p-18637-h-2024-august-centrifuge-dao-monthly-summary-1"></a>2024-August Centrifuge DAO: Monthly Summary</h1>
<p>Welcome to our monthly summary* of news, events and governance updates from the Centrifuge DAO for August!<br>
*Please <a href="https://mirror.xyz/0xa8790B92Dd3D969aF269294bF52128119Fe9A083">subscribe</a> to the newsletter to receive the latest updates directly to your inbox!</p>
<p><div class="lightbox-wrapper"><a class="lightbox" href="https://europe1.discourse-cdn.com/flex013/uploads/centrifuge1/original/2X/2/2abeecec621c079aea96e650cb2ed322ca2e1c7c.png" data-download-href="/uploads/short-url/6696NKIakDikSKrCO7nr5WMOZLS.png?dl=1" title=""><img src="https://europe1.discourse-cdn.com/flex013/uploads/centrifuge1/optimized/2X/2/2abeecec621c079aea96e650cb2ed322ca2e1c7c_2_624x351.png" alt="" data-base62-sha1="6696NKIakDikSKrCO7nr5WMOZLS" width="624" height="351" role="presentation" srcset="https://europe1.discourse-cdn.com/flex013/uploads/centrifuge1/optimized/2X/2/2abeecec621c079aea96e650cb2ed322ca2e1c7c_2_624x351.png, https://europe1.discourse-cdn.com/flex013/uploads/centrifuge1/optimized/2X/2/2abeecec621c079aea96e650cb2ed322ca2e1c7c_2_936x526.png 1.5x, https://europe1.discourse-cdn.com/flex013/uploads/centrifuge1/optimized/2X/2/2abeecec621c079aea96e650cb2ed322ca2e1c7c_2_1248x702.png 2x" data-dominant-color="D7D1C1"><div class="meta"><svg class="fa d-icon d-icon-far-image svg-icon" aria-hidden="true"><use href="#far-image"></use></svg><span class="filename"></span><span class="informations">1600×900 48.5 KB</span><svg class="fa d-icon d-icon-discourse-expand svg-icon" aria-hidden="true"><use href="#discourse-expand"></use></svg></div></a></div></p>
<p>Centrifuge launched an institutional RWA market on Base using the Morpho protocol and the newly founded Treasury Advisory Group started its mandate for the Centrifuge DAO with the release of the first Treasury Report Q2 2024! This, and much more, can be found in this newsletter!</p>
<p><img src="https://europe1.discourse-cdn.com/flex013/uploads/centrifuge1/original/2X/c/c16b8e3c00cf8ff23c9996b1225d579c8764a968.png" alt="" data-base62-sha1="rB4AuD4KSf153N2MSPy8NIBrCU8" width="138" height="111" role="presentation"></p>
<ul>
<li><a href="https://x.com/centrifuge/status/1828764817739641100">Centrifuge launches Institutional RWA Market </a> <img src="https://emoji.discourse-cdn.com/twitter/moneybag.png?v=12" title=":moneybag:" class="emoji" alt=":moneybag:" loading="lazy" width="20" height="20"></li>
<li><a href="https://centrifuge.mirror.xyz/liaVVYtW7cUufLYaOiSAXGqsmm_u8HXA9N5Uki813fo">Introducing the Treasury Advisory Group (TAG)</a> <img src="https://emoji.discourse-cdn.com/twitter/open_book.png?v=12" title=":open_book:" class="emoji" alt=":open_book:" loading="lazy" width="20" height="20"></li>
<li>Centrifuge <a href="https://gov.centrifuge.io/t/centrifuge-treasury-report-2024-q2-by-tag/6542">Treasury Report</a> Q2 <img src="https://emoji.discourse-cdn.com/twitter/classical_building.png?v=12" title=":classical_building:" class="emoji" alt=":classical_building:" loading="lazy" width="20" height="20"><img src="https://emoji.discourse-cdn.com/twitter/moneybag.png?v=12" title=":moneybag:" class="emoji" alt=":moneybag:" loading="lazy" width="20" height="20"></li>
<li><a href="https://polkadot.subsquare.io/referenda/1122">Polkadot Proposal</a> to earn RWA yield <img src="https://emoji.discourse-cdn.com/twitter/classical_building.png?v=12" title=":classical_building:" class="emoji" alt=":classical_building:" loading="lazy" width="20" height="20"><img src="https://emoji.discourse-cdn.com/twitter/moneybag.png?v=12" title=":moneybag:" class="emoji" alt=":moneybag:" loading="lazy" width="20" height="20"></li>
<li><a href="https://gov.centrifuge.io/t/ledger-support-is-back-for-cfg/6524">Ledger Support is back</a> for CFG! <img src="https://emoji.discourse-cdn.com/twitter/tada.png?v=12" title=":tada:" class="emoji" alt=":tada:" loading="lazy" width="20" height="20"></li>
</ul>
<h2><a name="p-18637-key-metrics-2" class="anchor" href="#p-18637-key-metrics-2"></a>Key Metrics</h2>
<ul>
<li>Total Value Locked (09/03/24): $300.7M (MakerDAO: $169.7M)</li>
<li>Total Assets Originated: $646M</li>
<li>Assets Tokenized: 1530</li>
<li>Token Holders: 54,340 Wallets (+159)</li>
</ul>
<h1><a name="p-18637-ecosystem-3" class="anchor" href="#p-18637-ecosystem-3"></a>Ecosystem</h1>
<p>The Ecosystem is focused on educating the world about Centrifuge, creating visibility and opportunity for RWAs, and sharing the narrative of how the world’s credit will be financed through DeFi.</p>
<p>August highlights include:</p>
<ul>
<li>
<p>Centrifuge on the stage: <img src="https://emoji.discourse-cdn.com/twitter/ticket.png?v=12" title=":ticket:" class="emoji" alt=":ticket:" loading="lazy" width="20" height="20"></p>
<ul>
<li>No activities due to Holidays <img src="https://emoji.discourse-cdn.com/twitter/studio_microphone.png?v=12" title=":studio_microphone:" class="emoji" alt=":studio_microphone:" loading="lazy" width="20" height="20"></li>
</ul>
</li>
<li>
<p>Centrifuge Features &amp; Media: <img src="https://emoji.discourse-cdn.com/twitter/newspaper.png?v=12" title=":newspaper:" class="emoji" alt=":newspaper:" loading="lazy" width="20" height="20"></p>
<ul>
<li><a href="https://www.coindesk.com/business/2024/08/27/tokenization-pioneer-centrifuge-unveils-lending-market-with-morpho-coinbase/">Tokenization Pioneer Centrifuge Unveils Lending Market With Morpho, Coinbase</a> (CoinDesk)</li>
<li><a href="https://tokenizedliving.com/index.php/2024/07/30/centrifuge-integrating-real-world-assets-into-defi/">Centrifuge: Integrating Real-World Assets into DeFi</a> (Tokenized Living)</li>
<li><a href="https://cointelegraph.com/news/real-world-tokenization-homeownership-quarter-homes-ceo">Real-world tokenization can drive homeownership </a> (Cointelegraph)</li>
<li><a href="https://medium.com/@AppLayerLabs/how-ready-are-todays-blockchains-for-real-world-asset-rwa-tokenization-6828cfb7b9db">How Ready Are Today’s Blockchains for Real World Asset (RWA) Tokenization?</a> (Medium)</li>
<li><a href="https://devtechnosys.com/insights/rwa-tokenization-in-crypto/">Impact of RWA Tokenization In Crypto Exchange</a> (Devtechnosys)</li>
<li><a href="https://medium.com/thedarkside/why-real-world-assets-rwas-are-the-next-big-thing-in-crypto-top-10-projects-to-watch-21b05109c32f">Why Real World Assets (RWAs) Are the Next Big Thing in Crypto: Top 10 Projects to Watch</a> (Medium)</li>
<li><a href="https://cryptopotato.com/best-rwa-cryptos/">What is RWA in Crypto: Top 10 Real-World Asset Projects in 2024</a> (CryptoPotato)</li>
<li><a href="https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/12-emerging-projects-fueling-tokenizations-potential-part-1/">12 Emerging Projects Fueling Tokenization’s Potential – Part 1</a> (AltcoinBuzz)</li>
</ul>
</li>
<li>
<p>Research:</p>
<ul>
<li><a href="https://messari.io/report/onchain-spreads-impact-on-tokenization">Onchain Spreads’ Impact on Tokenization</a> (Messari)</li>
</ul>
</li>
</ul>
<h1><a name="p-18637-community-4" class="anchor" href="#p-18637-community-4"></a>Community</h1>
<p>The Community is represented primarily by individuals and organizations that are actively participating in governance, contributing to processes and discourse, and are economically tied to the success of Centrifuge.</p>
<ul>
<li>Centrifuge announced this month the<a href="https://centrifuge.mirror.xyz/qwO0Oiyk-723t4QoYGrKd3CNT5DRrCmbcYEpzZxPsMw"> launch of the first RWA lending market</a> on Base using the Morpho Protocol. <img src="https://emoji.discourse-cdn.com/twitter/moneybag.png?v=12" title=":moneybag:" class="emoji" alt=":moneybag:" loading="lazy" width="20" height="20"> The market represents a significant step in creating new financial onchain infrastructure by:
<ul>
<li>First market launched with multiple RWA issuers</li>
<li>First RWA Market on Base</li>
<li>First institutional use case of Coinbase Verifications<br>
<div class="lightbox-wrapper"><a class="lightbox" href="https://europe1.discourse-cdn.com/flex013/uploads/centrifuge1/original/2X/4/4984dcdd74aa6a2c7e6d1a196601b9032494450b.png" data-download-href="/uploads/short-url/aunvLYvehzlUWiJWYu99YwQVwiT.png?dl=1" title=""><img src="https://europe1.discourse-cdn.com/flex013/uploads/centrifuge1/optimized/2X/4/4984dcdd74aa6a2c7e6d1a196601b9032494450b_2_624x312.png" alt="" data-base62-sha1="aunvLYvehzlUWiJWYu99YwQVwiT" width="624" height="312" role="presentation" srcset="https://europe1.discourse-cdn.com/flex013/uploads/centrifuge1/optimized/2X/4/4984dcdd74aa6a2c7e6d1a196601b9032494450b_2_624x312.png, https://europe1.discourse-cdn.com/flex013/uploads/centrifuge1/optimized/2X/4/4984dcdd74aa6a2c7e6d1a196601b9032494450b_2_936x468.png 1.5x, https://europe1.discourse-cdn.com/flex013/uploads/centrifuge1/original/2X/4/4984dcdd74aa6a2c7e6d1a196601b9032494450b.png 2x" data-dominant-color="F8F8F5"><div class="meta"><svg class="fa d-icon d-icon-far-image svg-icon" aria-hidden="true"><use href="#far-image"></use></svg><span class="filename"></span><span class="informations">1197×599 80.6 KB</span><svg class="fa d-icon d-icon-discourse-expand svg-icon" aria-hidden="true"><use href="#discourse-expand"></use></svg></div></a></div></li>
</ul>
</li>
<li>If you want to dive deeper into Diversifying Revenue Streams with RWAs, Benefits of RWAs, and how to Integrate RWAs you should definitely read the Mirror blog on <a href="https://centrifuge.mirror.xyz/JIKLYoy5fKsbiLnDdtApFvyd1pGAnY0zCV3n79ZvJtI">How RWAs address DeFi’s Boom-Bust Cycles</a></li>
<li>A <a href="https://polkadot.subsquare.io/referenda/1122">proposal in the Polkadot community</a> is live to Earn RWA Yield on Idle Stablecoins via Centrifuge. This proposal is aimed at supporting the long-term sustainability of the Polkadot Treasury</li>
<li>We’re very happy to announce some exciting news, more than 54K Centrifuge token holders have been waiting for almost one year: <a href="https://gov.centrifuge.io/t/ledger-support-is-back-for-cfg/6524">Ledger support for CFG</a>! <img src="https://emoji.discourse-cdn.com/twitter/partying_face.png?v=12" title=":partying_face:" class="emoji" alt=":partying_face:" loading="lazy" width="20" height="20"></li>
</ul>
<p>More community news and Social media coverage:</p>
<p><a href="https://x.com/TheKusamarian/status/1830334816740573434">Proposal for the Polkadot Community to Earn RWA Yield on Idle Stablecoins via Centrifuge<br>
</a><br>
<a href="https://twitterscore.io/twitter/centrifuge/overview/">https://twitterscore.io/twitter/centrifuge/overview/<br>
</a><a href="https://x.com/SebVentures/status/1787902064061808881">https://x.com/SebVentures/status/1787902064061808881<br>
</a><br>
More news from our ambassadors…<br>
<a href="https://www.youtube.com/watch?v=cvfNWIcNf74">https://www.youtube.com/watch?v=cvfNWIcNf74<br>
</a><a href="https://x.com/cao_lab/status/1829638279454740718">https://x.com/cao_lab/status/1829638279454740718<br>
</a><a href="https://x.com/aiweb3dao/status/1829155088251965761">https://x.com/aiweb3dao/status/1829155088251965761<br>
</a><a href="https://www.linkedin.com/posts/jonathon-chambless_rwasummer-dataprovenanceaec-bimheroes-activity-7235153655107043328-wL4O">https://www.linkedin.com/posts/jonathon-chambless_rwasummer-dataprovenanceaec-bimheroes-activity-7235153655107043328-wL4O<br>
</a><a href="https://x.com/bella_rwa/status/1816192353486684581">https://x.com/bella_rwa/status/1816192353486684581<br>
</a></p>
<p>Save the date: <img src="https://emoji.discourse-cdn.com/twitter/date.png?v=12" title=":date:" class="emoji" alt=":date:" loading="lazy" width="20" height="20"><br>
<a href="https://www.rwasummit.io/singapore-2024">RWA Singapore</a> | September 17 <span class="mention">@TOKEN2049</span> <img src="https://emoji.discourse-cdn.com/twitter/tickets.png?v=12" title=":tickets:" class="emoji" alt=":tickets:" loading="lazy" width="20" height="20"><br>
<a href="https://www.rwasummit.io/new-york-2024">Real-World Asset Summit New York</a> | October 22 &amp; 23 <img src="https://emoji.discourse-cdn.com/twitter/tickets.png?v=12" title=":tickets:" class="emoji" alt=":tickets:" loading="lazy" width="20" height="20"></p>
<h3><a name="p-18637-governance-5" class="anchor" href="#p-18637-governance-5"></a>Governance</h3>
<ul>
<li>To get an overview see the monthly <a href="https://gov.centrifuge.io/t/governance-update-august-2024/6548">Governance update</a> provided by the Governance &amp; Coordination Group. A most recently closed proposal to give a mandate to the Treasury advisory group and a current one for the <a href="https://centrifuge.subsquare.io/democracy/referenda/64">Recovery of lost tokens in a bridge transaction</a>.</li>
<li>The Treasury Advisory Group (TAG) has gotten its mandate and the group presented the first <a href="https://gov.centrifuge.io/t/centrifuge-treasury-report-2024-q2-by-tag/6542">Treasury Report for Q2 2024</a>. The goal is to show the state of the treasury including holdings, inflows, outflows, and overall financial performance. Are you curious to know more about the <a href="https://centrifuge.mirror.xyz/liaVVYtW7cUufLYaOiSAXGqsmm_u8HXA9N5Uki813fo">Treasury Advisory Group (TAG)</a> in general? It is a team of experts tasked with advising on all treasury-related activities for the Centrifuge DAO.<br>
<div class="lightbox-wrapper"><a class="lightbox" href="https://europe1.discourse-cdn.com/flex013/uploads/centrifuge1/original/2X/b/bb146c5731eeb1107bd5c5accbc4ebfc50deb925.png" data-download-href="/uploads/short-url/qGZ2HaRSx3ZhbQezi2WYiPOIPel.png?dl=1" title=""><img src="https://europe1.discourse-cdn.com/flex013/uploads/centrifuge1/optimized/2X/b/bb146c5731eeb1107bd5c5accbc4ebfc50deb925_2_624x312.png" alt="" data-base62-sha1="qGZ2HaRSx3ZhbQezi2WYiPOIPel" width="624" height="312" role="presentation" srcset="https://europe1.discourse-cdn.com/flex013/uploads/centrifuge1/optimized/2X/b/bb146c5731eeb1107bd5c5accbc4ebfc50deb925_2_624x312.png, https://europe1.discourse-cdn.com/flex013/uploads/centrifuge1/optimized/2X/b/bb146c5731eeb1107bd5c5accbc4ebfc50deb925_2_936x468.png 1.5x, https://europe1.discourse-cdn.com/flex013/uploads/centrifuge1/optimized/2X/b/bb146c5731eeb1107bd5c5accbc4ebfc50deb925_2_1248x624.png 2x" data-dominant-color="F6ECCF"><div class="meta"><svg class="fa d-icon d-icon-far-image svg-icon" aria-hidden="true"><use href="#far-image"></use></svg><span class="filename"></span><span class="informations">1280×640 497 KB</span><svg class="fa d-icon d-icon-discourse-expand svg-icon" aria-hidden="true"><use href="#discourse-expand"></use></svg></div></a></div></li>
<li>There was no Governance Call in August due to Holidays. See you next time for GC <span class="hashtag-raw">#30</span> on September 18!<br>
*Reminder: If you haven’t joined a gov call yet, you have to register via the link in the forum post.</li>
</ul>
<p><img src="https://emoji.discourse-cdn.com/twitter/exclamation.png?v=12" title=":exclamation:" class="emoji" alt=":exclamation:" loading="lazy" width="20" height="20">Please actively participate in the governance process, leave your comments and remarks in the RFCs and vote on proposals​:exclamation: <img src="https://emoji.discourse-cdn.com/twitter/ballot_box.png?v=12" title=":ballot_box:" class="emoji" alt=":ballot_box:" loading="lazy" width="20" height="20"><img src="https://emoji.discourse-cdn.com/twitter/writing_hand.png?v=12" title=":writing_hand:" class="emoji" alt=":writing_hand:" loading="lazy" width="20" height="20"><br>
<img src="https://europe1.discourse-cdn.com/flex013/uploads/centrifuge1/original/2X/3/3c9d151ea14d04c40331a3fe296a6358eb050d1b.png" alt="" data-base62-sha1="8Edc999CjwdATaSYqvhkVXdEvxN" width="620" height="348" role="presentation"></p>
<h1><a name="p-18637-protocol-6" class="anchor" href="#p-18637-protocol-6"></a>Protocol</h1>
<p>The Protocol is represented primarily by organizations that are actively using Centrifuge’s technology to facilitate the underwriting, structuring, and financing of RWAs.</p>
<h3><a name="p-18637-product-engineering-7" class="anchor" href="#p-18637-product-engineering-7"></a>Product &amp; Engineering</h3>
<ul>
<li>Pool Spotlight on <a href="https://app.centrifuge.io/#/pools/4139607887">Anemoy Capital’s Liquid Treasury Fund 1 (LTF</a>): Anemoy offers a fully onchain, actively managed &lt;6 month US Treasury Yield Fund</li>
<li>The <a href="https://github.com/spearbit/portfolio/blob/master/pdfs/Centrifuge-Spearbit-Security-Review-July-2024.pdf">Centrifuge Security Audit 2024</a> conducted by Spearbit uncovered 97 issues in total</li>
<li>Centrifuge’s competitive security review is live on <a href="https://cantina.xyz/competitions/a0a58a8b-247e-4203-b3cb-476ded9d5515">Cantina</a> with the total prize pool of $125k USDC</li>
</ul>
<p><img src="https://europe1.discourse-cdn.com/flex013/uploads/centrifuge1/original/2X/5/51c5e0e536186bf298feaed6c3d9efeb50dcf694.png" alt="" data-base62-sha1="bFoCVnWrfZKPMQMMlHQHX3sTFcw" width="284" height="177" role="presentation"></p>
<p>Stay tuned for the next monthly update with more news, governance updates and developments from the ecosystem!</p>
<p>Connect with us as a reply to this post or you can get in touch with the team, ambassadors or moderators in <a href="https://discord.com/invite/yEzyUq5gxF">Discord</a>!</p>

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