Centrifuge Staking
Centrifuge (CFG) staking data is not available on Staking Rewards. You can still convert token prices, estimate your rewards and explore reward options for similar proof-of-stake assets.
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Learn about Centrifuge Staking
What is Centrifuge?
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.
How to stake Centrifuge?
Details of staking will be announced shortly. Staking CFI will launch is planned for Q2 2022.
How much can I earn staking Centrifuge?
Reward details of staking will be announced shortly. Staking CFI launch is planned for Q2 2022.
Any risks to staking Centrifuge?
Once the staking mechanism is fully disclosed, risks of staking CFI will be covered here.