Centrifuge
17 Posts
Anemoy Demystified by Chronicle's Oracle
Centrifuge has partnered with RWA Oracle provider Chronicle Labs to provide enhance the transparency of the Anemoy UST Liquid Treasury Fund. Users will be able to access to verified real-time price updates, comprehensive portfolio data, and Net Asset Value (NAV) of on-chain and off-chain holdings.
Anemoy in the UK
Archax, the first regulated digital assets exchange in the U.K, has partnered with Centrifuge and Anemoy to bring the UST Liquid Treasury Fund (LTF) to its users. Archax will be handling sub-custodial services and KYC compliance offering a streamlined process for UK investors and broadening the market for the LTF.
A Centrifugal Turn-around
Big Spender Referendum 1122 has been amended to reduce the spending amount from 3M USDC to 1.5M USDC. Initiated by Centrifuge, the original proposal was to send 3M USDC to the Polkadot Community Foundation, which would then be invested in the UST Anemoy Liquid Treasury Fund. After concerns were raised by the community that there is not enough USDC in the treasury to cover upcoming USDC spend requests, Centrifuge has added an instruction to the proposal for the Community Foundation to return 1.5M USDC to the Polkadot Treasury.
DeFiCentrifuge TVL Takes a Turn for the Better
The newly formed Centrifuge Treasury Advisory Group has published the CFG Q2 Treasury Report. In Q2, Centrifuge achieved a record breaking TVL of nearly $300M. They also began generating revenue from protocol fees for the first time, earning $2,201 for the treasury. Another notable development was the initiation of the RWA Lending Market Liquidity Bootstrap, which sees 60K CFG allocated to incentives for the LTF/USDC pair on Morpho.
No More Spin: Centrifuge Advanced Reporting Offers Crystal Clear Transparency
A new suite of advanced reporting features have been launched on the Centrifuge app. The new Pool Overview page now displays the historical movement of NAV and all cash flow movements. Users can now click on any asset within a pool to view comprehensive asset pricing data, key metrics, holdings, and transaction history. The Reporting tab adds a Balance Sheet, Profit and Loss Statement, Cash Flow Statement, and Investor Transactions Report.
Should the Polkadot Treasury Invest in the US Treasury?
Centrifuge has opened a discussion on OpenGov proposing that the Polkadot DAO make an RWA investment on Centrifuge in the Anemoy Liquid Treasury Fund (LTF). The Anemoy LTF holds US T-Bills with a maximum maturity of six months and has a target APY of 5%. The investment offers the Polkadot DAO stable yields while supporting the Polkadot RWA space and the Centrifuge parachain.
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