{
  "url": "https://blockindex.ai/coin/cfg",
  "name": "Centrifuge",
  "links": {
    "github": "http://github.com/centrifuge/",
    "website": "https://centrifuge.io/",
    "whitepaper": null
  },
  "dScore": 38,
  "market": {
    "priceUsd": 0.22529958214061874,
    "marketCapUsd": 130033037.39719203,
    "volume24hUsd": 19198877.9937283,
    "priceChange7dPct": 5.02070655,
    "priceChange24hPct": -7.81116604
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": null,
    "circulating": 577156141,
    "circulatingPct": null
  },
  "ticker": "CFG",
  "founder": "Lucas Vogelsang, Martin Quensel",
  "vcFunded": true,
  "updatedAt": "2026-06-19T06:00:33.241083+00:00",
  "fairLaunch": false,
  "launchYear": 2017,
  "description": "Centrifuge (CFG) is a decentralized asset-financing protocol that bridges decentralized finance (DeFi) with real‑world assets (RWA). Founded by Lucas Vogelsang and Martin Quensel, the project began in 2017 with a focus on tokenizing real-world cash flows — such as invoices, receivables and real estate — into on-chain assets that can be financed through DeFi liquidity. The flagship DApp, Tinlake, enables originators to convert tokenized assets into collateral that can be accessed by Ethereum liquidity providers, while the native Centrifuge chain (designed as a Polkadot-connected parachain-style architecture) provides low-fee, high-throughput settlement and coordination. Centrifuge positions CFG as both the economic and governance token of the protocol, used for staking, transaction fees, governance participation, and rewards to liquidity providers on Tinlake.\n\nAt a technical level, Centrifuge is implemented as a Polkadot-integrated chain secured via Nominated Proof‑of‑Stake (NPoS), leveraging relay-chain security and parachain design patterns for scalability and interoperability. The project has pursued EVM compatibility by migrating an ERC‑20 contract representation to improve integration with Ethereum tooling, enabling easier participation by DeFi actors and simplifying bridge workflows. Key technical features include NFT-based representation of real-world assets, Tinlake’s financing pools and a native bridge that links Centrifuge and Ethereum liquidity. The protocol’s security model relies on Polkadot’s relay-chain and staking incentives, and the team has emphasized practical integrations and audits around bridging and migration operations.\n\nCentrifuge’s core use cases center on reducing capital costs for SMEs and enabling DeFi investors to access income streams less correlated with volatile crypto markets. By tokenizing receivables and real-world cash flows, Centrifuge allows asset originators to obtain financing while providing yield opportunities to liquidity providers through Tinlake. Adoption signals include notable TVL within the Polkadot ecosystem (reported high TVL in June 2021) and partnerships/integrations that expand cross-chain connectivity and tooling. The protocol’s ecosystem includes a migrated ERC‑20 contract for EVM toolchains, integrations with analytics platforms and recognized wallets, and a set of developer resources that support on‑chain asset onboarding and Tinlake pool creation.\n\nTokenomics and governance reflect a structured distribution with allocations to core contributors, backers, foundation endowment, and community sales; total supply is reported at 680,000,000 CFG with a circulating supply of approximately 573.69M CFG. Monetarily, documentation mentions ~3% annual inflation (as of June 2021) to support staking and network incentives. Governance is conducted through a combination of on-chain mechanisms and community forums (governance proposals such as CP149), enabling token-based participation for protocol changes and migrations. The team and governance have managed migrations (notably to an EVM contract) and partnership-driven upgrades; the project maintains an active development posture though a formal public roadmap with specific dates was not included in the provided excerpts.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 1",
    "isToken": false,
    "consensus": "PoS",
    "parentChain": null
  },
  "dScoreComponents": {
    "autonomy": 5,
    "ageHistory": 13,
    "governance": 15,
    "nodeDistribution": 5,
    "initialDistribution": 0
  },
  "decentralizationVerdict": "Centralized Leaning"
}