Centrifuge (CFG) API and Price Oracle

Centrifuge

CFG
$
Information
For informational use only; request a custom oracle/API for production below.
General information
Contract address
Smart contract address of the asset
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0x0000...0000
Network
Blockchain network where the asset is deployed
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Centrifuge
Methodology
Pricing methodology used to determine the price of the token in USD. By default, all price feeds on the DIA App are calculated with a MAIR methodology. This parameter is customisable.Learn more about methodologies.
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MAIR
Update frequency
120 seconds is the default update frequency. This parameter is customisable.Learn more about oracle updates.
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120s
Next update
24h Volume
The total volume captured by DIA across all the integrated sources.
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Source
Volume 24h
Trades 24h
Pairs
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Token information

What is Centrifuge (CFG)?

Centrifuge (CFG) is a blockchain-based protocol that aims to bridge traditional finance and decentralized finance (DeFi). It allows for the tokenization of real-world assets, such as invoices, allowing them to be traded on the blockchain. CFG was founded in 2017 by the team behind the founding company, Centrifuge GmbH. The name Centrifuge comes from the idea of separating valuable assets from their underlying obligations.

How does Centrifuge work?

Centrifuge is a decentralized finance (DeFi) platform that leverages blockchain technology to enable the tokenization of real-world assets. It operates on the Ethereum blockchain and utilizes smart contracts to automate the processes involved in asset financing.

At its core, Centrifuge introduces a unique protocol called Tinlake, which serves as a mechanism for asset originators to securitize real-world assets, such as invoices and loans. These assets are transformed into ERC-20 tokens, enabling fractional ownership and easy transferability.

To execute this process, Centrifuge relies on several key components. First, the asset originator uploads the details and documentation of the asset onto the Centrifuge network. This information is stored securely on the blockchain, ensuring transparency and immutability.

Next, investors on the Centrifuge platform can review the available assets and choose to participate by purchasing fractions of the asset's tokenized representation. These investments are recorded as ownership stakes on the blockchain, providing a clear and auditable record of ownership.

To ensure the accuracy and reliability of the asset data, Centrifuge employs a decentralized network of validators. These validators verify the authenticity of the uploaded documents and perform ongoing audits, reducing the risk of fraud and increasing the trustworthiness of the assets.

Lastly, the Tinlake smart contracts handle the management and distribution of returns generated by the underlying assets. These contracts automatically calculate and distribute income to the token holders based on the performance of the asset pool.

In summary, Centrifuge leverages blockchain technology and smart contracts to allow for the tokenization and fractional ownership of real-world assets. By utilizing Ethereum and its decentralized infrastructure, Centrifuge ensures transparency, immutability, and increased accessibility in the world of asset financing.

What are the benefits of Centrifuge?

Centrifuge offers several benefits compared to its direct competitors in the blockchain industry. One of its key advantages is its ability to bridge traditional finance with decentralized finance (DeFi). Centrifuge provides a platform that allows users to tokenize real-world assets and bring them onto the blockchain, enabling fractional ownership and increased liquidity. This is a unique feature that sets it apart from its competitors.

Another advantage of Centrifuge is its focus on privacy and security. The platform employs decentralized identity (DID) technology to ensure that users have control over their personal information and can maintain their privacy. This is a crucial aspect in an era where data breaches and privacy concerns are prevalent.

Centrifuge also stands out due to its user-friendly interface and seamless integration with existing systems. It offers an intuitive and easy-to-navigate platform, making it accessible to both individuals and businesses. This simplicity allows users to interact with the platform without requiring extensive technical knowledge.

Furthermore, Centrifuge benefits from its active community and partnerships. This enables users to tap into a network of experts and collaborators, fostering innovation and growth within the ecosystem.

In comparison to its direct competitors, Centrifuge's unique combination of bridging traditional finance with DeFi, focus on privacy and security, user-friendly interface, and strong community interactions make it a compelling option for individuals and businesses seeking to leverage blockchain technology.

What is Centrifuge used for?

Centrifuge is a blockchain-based platform that aims to bring real-world assets onto the blockchain. It serves as a bridge between traditional finance and decentralized finance (DeFi). Centrifuge enables the tokenization of real-world assets, allowing them to be fractionalized and traded on the blockchain.

One common use case for Centrifuge is supply chain financing. With Centrifuge, businesses can tokenize their invoices and sell them to investors on the blockchain. This provides immediate access to cash flow for the business, while investors can earn returns by financing these invoices. This process is more transparent and efficient than traditional supply chain financing methods.

Another specific use case for Centrifuge is asset-based lending. In this scenario, borrowers can tokenize their real-world assets, such as real estate or machinery, and use them as collateral for obtaining loans on the blockchain. Lenders can assess the value and ownership of these assets through Centrifuge's decentralized network, reducing the need for intermediaries and streamlining the lending process.

By tokenizing real-world assets, Centrifuge brings liquidity, transparency, and accessibility to traditionally illiquid markets. It enables individuals and businesses to unlock the value of their assets and access capital in a more efficient and inclusive manner.

What is DIA's Centrifuge API?

DIA's Centrifuge API is a powerful tool that provides real-time price feeds for crypto assets. These price feeds are constructed by aggregating data from a vast array of on-chain and off-chain cryptocurrency and NFT exchanges. DIA's ability to collect data from over 85 sources allows them to offer a level of comprehensive coverage that many other web3 data providers cannot match.

While DIA does offer free API endpoints for developers, the true value lies in their custom feeds. These custom API data feeds can be tailored to meet specific requirements such as sources, methodologies, and update mechanisms. Developers can request a custom feed by reaching out to DIA via Discord or Telegram.

The use cases for DIA's API are extensive. In the DeFi space, the price information from DIA's API can be utilized for derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. On the NFTfi side, the API can be applied to peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and various other applications.

API, short for Application Programming Interface, is a set of rules and protocols that allows different software applications to communicate and interact with each other. In the context of DIA, their API provides a standardized format for accessing and retrieving information from their price feeds.

In summary, while DIA does offer free API endpoints, the true value lies in their custom feeds that can be tailored to specific requirements. With their extensive data coverage and comprehensive use case possibilities, DIA's Centrifuge API is a valuable tool for developers in the blockchain ecosystem.

What is DIA's Centrifuge price oracle?

DIA's Centrifuge price oracle is a smart contract that provides real-time price feeds of crypto assets to the blockchain ecosystem. DIA stands out by offering a wide integration with 35+ layer 1 and layer 2 networks, enabling the deployment of price oracles in multiple blockchains. These price feeds are constructed using billions of individual trades from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, making DIA's data reliable and comprehensive.

While DIA offers demo oracles for developers to test, these are solely for testing purposes and cannot be integrated into production applications. However, DIA also provides the option for users to request custom-configured price feed oracles. Custom price oracles can be tailored in terms of sources, methodologies, update mechanisms, and more to meet specific requirements. To request a custom feed, users can reach out to DIA via Discord or Telegram.

DIA's custom oracles are particularly useful for users seeking specialized price data feeds. They offer flexibility and customization options to accommodate various use cases. The price information from DIA's oracles can be utilized in a range of applications, including derivatives, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, and more in the DeFi space. NFTfi applications can also benefit from DIA's oracles, allowing for peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, and NFT fractionalization.

In the blockchain world, an oracle refers to an external information provider that supplies verified data from outside the blockchain to smart contracts. DIA acts as a blockchain oracle by sourcing and delivering accurate price data from various exchanges, enabling seamless integration across different blockchain networks.

For more detailed information and access to DIA's demo oracles, developers can refer to DIA's documentation at [link to documentation]. However, for users with specific needs and requirements, DIA's custom oracle offerings provide a tailored solution to meet their data feed needs.

Why use DIA's CFG API & price oracle?

DIA's CFG API and CFG Price Oracle offer numerous benefits for users in the blockchain ecosystem. One of the key advantages is the high level of customization available. Users can tailor each oracle and API endpoint to meet their specific decentralized application needs. This includes selecting data sources, applying data cleaning filters and pricing methodologies, and determining update mechanisms and frequency. By providing this level of customization, DIA ensures that the data and oracle remain robust and resilient, even in unique market conditions.

Transparency is another crucial benefit of DIA's API and Oracle feeds. Users can enjoy full and granular transparency throughout the entire data journey. Additionally, DIA offers monitoring and tracking tools to closely monitor its oracle and API feeds. This transparency ensures trust and confidence in the accuracy and reliability of the price data for cryptocurrencies and NFTs.

Overall, DIA's CFG API and CFG Price Oracle provide accurate and reliable price data, customizable options, and transparent processes. These features make them a valuable resource for users in the blockchain ecosystem, enabling them to make informed decisions and optimize their decentralized applications' performance.

Why use DIA data feeds and oracles?

Transparent
DIA provides full insight on the oracle’s data journey as well monitoring tools to track feeds in real-time.
Customisable
Oracles can be tailored to any use case in terms of data sources, methodologies and update mechanisms and much more.
Broadest coverage
DIA provides price oracles for 3,000+ cryptocurrencies: from blue-chip tokens to long-tail assets.