22 things from 2022
What a year!
Published in
3 min readDec 30, 2022
2022 flew by, it seems like yesterday, but exactly 365 days ago, I posted 21 things from 2021. Check them out if you want to see the progress we’ve made as a project and how far the industry has come despite the challenges this year.
Here are 22 highlights from our work in 2022:
- In the last executive vote of the year, MakerDAO onboarded BlockTower with four pools bringing $220M of TVL to Centrifuge.
- We’re going multichain with Connectors which will bring a native user experience to Ethereum, Avalanche, Moonbeam and Celo. Slated to launch in 2023, catch up with the development work that has been happening behind the scenes.
- Our TVL is strong at $87M and has remained stable, even grown while most of DeFi has heavily contracted.
- Vitalik wrote about RWAs bringing some much deserved attention to the space and specifically highlighting their potential in backing stablecoins.
- DeFi Drip: Coffee & Finance is a new series hosted by Cassidy, where she invites interesting people to talk about her favorite hobbies: coffee and finance. The first two guests were Seb of MakerDAO and Kevin Miao of BlockTower Credit.
- We are excited to add Coinbase Ventures and L1 Digital to our amazing list of backers.
- MakerDAO is scaling RWAs with dedicated MetaDAOs. Centrifuge is part of the Spring Cluster, a soon to be incubated MetaDAO.
- Pools on Centrifuge Chain are maturing. Check out the testnet.
- Token holders approved the Centrifuge Proposals process created by Rhano and Imdior of the Governance Coordination Group (GCG). The GCG has been on overdrive; read their Q4 update.
- The DAO doesn’t just need a governance process, but also a clear direction. Kate started a discussion on the founding documents for the DAO.
- 43,744 addresses hold native CFG. 3,089 addresses hold wCFG. That’s a total of 46,833 addresses, compared to the ~25,000 last year. Yay for decentralizing the network!
- Security matters. A lot. We’ve concluded the first audit of Centrifuge Pools by SRLabs.
- Kevin Miao wrote a fantastic post about private credit on the popular blog Not Boring.
- Will Nuelle of Galaxy Digital gave a talk about underwriting in DeFi and covered our work on the underwriter token.
- Frederik created FUDGE, a Substrate integration testing framework which provides a simple and generic way to interact with and manipulate the database of any substrate-based blockchain. FUDGE has been funded by a Polkadot Treasury Grant.
- Our website got a fresh new look.
- Some friends to follow on Twitter: @AriDavidPaul, @Gbbigbuy (Imdior), @Fintech_Khan, @SebVentures, @rwa_xyz
- FlowCarbon brings a new asset class to Centrifuge and launches a voluntary carbon credits pool: nature is awesome.
- New pools (like Flow Carbon above) are going through the newly established Pool Onboarding Process. Part of the POP is a review by Credit Group, one of the newest functions in the DAO.
- We did a ton of talks, moderation, and side-events at various crypto conferences worldwide. Here are a few of my favorites: The EthBerlin: pillars of the next financial system with Aave & friends, Real World, on chain. A Mainnet side event, Cassidy on DAO governance.
- Axios, Hackernoon, The Defiant, Blockworks — Thank you for the great coverage!
- You! Your continued support and ideas help make Centrifuge what it is today. Onwards to another amazing year!
🖖 🌀 Happy New Year! 🌀🖖