- Centrifuge will be launching a cross-chain solution to integrate the RWA market with the DeFi ecosystem called Centrifuge Connectors.
- The solution will enable investors and borrowers to access liquidity from multiple DeFi protocols without the need for intermediary integrations.
- Blockchain firms Ava Labs, Moonbeam, and Nomad are joining this venture as inaugural partners.
Centrifuge, a decentralized financing protocol, will be launching a cross-chain solution to integrate the real-world asset (RWA) market with the DeFi ecosystem.
Dubbed the Centrifuge Connectors, the solution will enable investors and borrowers to access liquidity from multiple DeFi protocols without the need for intermediary integrations. Furthermore, investors can add liquidity to their preferred Centrifuge pool from any supported chain.
The solution is said to be a hybrid product that offers bridge and fork features, such as simple integrations, low governance overheads, and enhanced composability with pooled and split liquidity.
Additionally, the solution employs a set of Solidity smart contracts that can be deployed on top of any EVM-compatible bridge to transfer KYC-ed and permissioned Centrifuge pool tokens to users across multiple chains.
These smart contracts will allow users to directly withdraw or invest into a pool using the native stablecoin of the target chain. Pool (NASDAQ:POOL) liquidation mechanisms can also be enabled for deployment across different chains.
While the team did not disclose further intimate details, they did confirm that the solution is set to launch later this year.
Blockchain firms Ava Labs, Moonbeam, and Nomad are joining this venture as inaugural partners, according to the Centrifuge team. While talking about the collaboration with this group, Lucas Vogelsang, co-founder and CEO of Centrifuge, revealed that the company will announce more protocol integrations in the coming months.
Notably, Connectors will use the cross-chain feature of the Noman Bridge as its underlying infrastructure for security and efficiency to natively bridge the network to multiple blockchains. Meanwhile, the solution will also be supported by MakerDAO, along with the inaugural partner firms.