Centrifuge was founded in 2017 with the aim of developing a decentralized protocol based on blockchain technology to rethink how companies transact with each other in a more efficient and open way. By liberating data from currently siled enterprise systems, bill processing as we know it, and the resulting payment delays, and liquidity issues will be solved. Through a new B2B open business agreement, Centrifuge tools can fuse business data on a decentralized public network, and then create huge value, and promote some new use cases and applications, including a more open capital market supply chain and smart contracts , and to process payment transactions upon delivery of goods and services. Centrifuge was founded by a group of Silicon Valley startup veterans with experience in payment processing and fintech.

Centrifuge created a lending platform called Tinlake based on the Centrifuge protocol developed by itself. On the Tinlake platform, asset originators can convert real-world assets (invoices, mortgages, car loans, or royalties) into tokens for loan financing; reduce costs by simplifying the financing process, thereby improving the liquidity of physical assets and Investment transparency. Currently, Centrifuge partners include Makerdao, AAVE, Paperchain, ConsolFreight, etc.

Radial token

Radial token (RAD) powers the Centrifuge Chain. RAD aims to incentivize desirable behaviors on the Centrifuge Chain—so-called mechanism design—to create a robust, decentralized system. With RAD, users own shares in the Centrifuge network, which can be used to pay transaction fees, pay shares to validators, and participate in governance on the Centrifuge chain. It will also incentivize validators and nominators to participate through block rewards.

Centrifuge Protocol Analysis

Centrifuge Chain allows businesses to convert real world assets (RWA) into non-fungible tokens (NFT). This enables asset originators to place these NFTs as collateral in Tinlake pools on Ethereum. Centrifuge Chain is an open-source PoS blockchain built for finance, powered by the Radial (RAD) token. Tinlake leverages the Centrifuge ecosystem, including Centrifuge Chain and a P2P messaging protocol, to bring DeFi to a consumer-ready interface.

Centrifuge operates with three key layers:
1. A P2P messaging protocol for exchanging information between investors, asset promoters, data providers and others in a private, decentralized and trustless manner .
2. A specially built PoS chain based on the parity base, its utility and staking token Radial.
3. A set of smart contracts, which we call Tinlake, are used to bundle these non-fungible assets and make them DeFi native assets.