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Centaur Partners with Elrond Network to make Assets usable in cross-chain DeFi and Classical Financing

Our semi-centralized approach balances lending risk with traditional measures such as KYC procedures, credit risk, and traditional judicial processes. This enables traditional P2P lending markets to benefit from blockchain technology while increasing a lender’s ability to benefit from his collateral.

Centaur is making strides in DeFi adoption thanks to the latest collaboration with Elrond Network. Elrond’s goal is to be a high throughput, fast transaction speed and low transaction cost platform, allowing efficient and competitive dApp user experiences in real world use cases making it well-suited for machine-to-machine transactions and the IoT economy.

“By working with the leaders of blockchain sharding technology, our DeFi solutions will be improved with enhanced scalability and higher throughput. This would allow us to better serve our users, especially those in emerging economies, and provide us with a well-needed edge when compared to the traditional financial system. To provide all the power and transparency of decentralized financial solutions, while still being able to maintain the speed and transactional volume of centralized architectures, there is no better choice than having Elrond as our partner.” said James Hong, Centaur Co-Founder.

Our cross-chain component will acts as a settlement layer for DeFi products across multiple chains. For example, users will be able to use widely accepted assets such as ETH as collateral while taking advantage of advanced features of other blockchains at the same time.

“The immense opportunity offered by decentralized finance will enable the new economy to accelerate transformation in those parts of the world that need it most. Just like Africa skipped landlines and went straight to mobile, emerging economies can skip bureaucracy and go straight to FinTech. We believe Centaur is the right kind of bridge between old & new finance and we’re happy to support them moving forward.” said Beniamin Mincu, Elrond CEO.

About Elrond

Elrond is a new blockchain architecture, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.

About Centaur

By combining the best elements of decentralised finance with measured regulatory control, Centaur is bridging DeFi and traditional finance. Centaur applies a semi-decentralised approach to constructing solutions, leveraging on the transparency and security of decentralised architectures while providing a fail-safe layer through centralised systems and processes. A decentralized network of oracles deployed across various protocols will power the transmission of information and data between the Centaur Chain and other blockchains, leveraging on our liquidity pool smart contracts as a micro-ledger. With support from our partners, both in the blockchain industry and traditional financial markets, Centaur plans to spearhead the transition to a fully decentralized ecosystem, while keeping solutions realistic and applicable during the process.

If you are interested in Centaur’s future development please be sure to follow our announcement channel and join us in our Telegram to engage in discussion about the future development of the project and DeFi in general.




The bridge between decentralised and traditional finance

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The official editor account for Centaur — The first step towards a fully decentralized financial system.

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