Centrifuge Review | Say Goodbye to Centralized Lending Forever!? (Polkadot Parachain)

Is Centrifuge $CFG the next generation of lending? Say goodbye to banks forever with NFT’s!

Welcome back to another video!

In today’s video we visit a Polkadot Parachain contender called Centrifuge ($CFG) which is participating in the second batch of auctions. This review is a part of my month-long series where I cover Polkadot Parachain contenders so you are the most informed when it comes to investing in the right one!

So Centrifuge plans to allow its users to participate or create their own collateral-backed asset pools where they tokenize their real world assets, such as cars, houses, property, invoices, royalties (the list goes on) and use them to receive funding! They also allow the investors that fund these loans to receive stable and high interest rates, not commonly seen in cryptocurrency. I go on to explain the process briefly in the video, but also break the project down on a fundamental level as well. Please watch to the end for my overall opinion on the project. I do apologize for the length of the video!

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0:00 - What is Centrifuge?
6:30 - My Concerns
9:23 - Coin Market Cap Analysis
14:10 - The Utility Token Use Cases
19:41 - The Tokenomics
22:43 - The Vesting Schedule
26:27 - The Backers
27:51 - My Overall Opinion