Decentralized Lending Protocol Centrifuge Accrues $6M Unpaid Debt

Fintech investment firm 1754 Finance, the originator of the debt pool with the most distressed loans, said it is liquidating the assets off-chain and negotiating with borrowers for repayments.

Timeline of Centrifuge

Centrifuge has raised $4 million in a strategic round from investors including Coinbase Ventures and BlockTower.  The post DeFi protocol Centrifuge raises $4 million in strategic round: Exclusive appeared first on The Block.

Centrifuge, a decentralized asset financing protocol that seeks to bring DeFi to the real world, has launched a cross-chain solution dubbed “Centrifuge Connectors” to help advance this reality across the more DeFi protocols. Centrifuge Connectors enables interconnectedness between the Real-World Asset (RWA) market and decentralized finance, allowing for seamless access to liquidity for investors and The post Centrifuge launches “Centrifuge Connectors” to bridge Real-World Asset market and DeFi appeared first on Invezz.

Centrifuge has partnered with Avalanche, Moonbeam, and Nomad, to launch a cross-chain solution dubbed ‘Centrifuge Connectors.' Connectors bridge the gap between the Real-World Asset (RWA) market and DeFi, enabling lenders and borrowers to access liquidity from multiple decentralized finance protocols…