centrifuge
Centrifuge [OLD]CFG
Proof of Stake
Stake CFG →
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Centrifuge [OLD] Staking

Reward Rate
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Staking Ratio
-
Staking Mktcap
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Price
$0.13
▲ 18.90%
Total Staked
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Inflation
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What is Centrifuge [OLD] Staking?

The centrifuge token model powers centrifuge, providing the framework needed to run the platform without reliance on a single point of failure, including the centrifuge team or Company, and to accelerate its utility. To accomplish this, centrifuge leverages the cryptoeconomic primitives of a native token called the centrifuge token (cfg), a nominated-proof-of-stake consensus algorithm that employs centrifuge to stake value, rewards for centrifuge adoption, and an on-chain governance mechanism that empowers centrifuge holders to guide the development of centrifuge.
Key Staking Facts
Verified Providers0
ConsensusProof of Stake
Active Validators-
Stakers-
Benchmark Commission-
Daily Volume-
Learn about Centrifuge [OLD] Staking

The Centrifuge protocol tokenizes real-world assets by converting them to non-fungible tokens (NFTs). After that, they are funded through Tinlake. Tinlake is the first DApp built on the Centrifuge chain. It was created to access liquidity on Ethereum, while CFG has its own bridge to Ethereum.

The features of Centrifuge include integration with other DeFi protocols. This feature allows Centrifuge users to get liquidity without slowdowns and protects DeFi protocols from destabilizing events by adding uncorrelated collateral. As a result, the cumulative risks are reduced and predatory lending and banks are replaced by smart contracts.

As of June 2021, Centrifuge has the highest total value locked (TVL) on the Polkadot ecosystem. Moreover, the project claims to be among the first to launch a parachain on Polkadot. When the team designed the Centrifuge chain, operational speed and low fees were prioritized.

Details of staking will be announced shortly. Staking CFI will launch is planned for Q2 2022.

Reward details of staking will be announced shortly. Staking CFI launch is planned for Q2 2022.

Once the staking mechanism is fully disclosed, risks of staking CFI will be covered here.

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