Centaur (CNTR) Review
An independent analysis of Centaur
A premier C-Defi platform empowering real-world asset usage with Defi via cross-chain liquidity staking pools for unsecured lending & remittance
Centaur is building a hybrid C-Defi (semi-decentralized) solution to bridge the gap between real-world assets utilization and decentralized finance. Inculcating the best practices of both systems, the team seeks to create a revolutionary ecosystem that enables cross-border remittance and unsecured lending. The Centaur protocol enables liquidity staking pools to be deployed across multiple blockchains, with an embedded privacy layer. The project has rolled out its testnet and mainnet to be expected in early 2021.
The company is incorporated early 2019 in Singapore to build a solution based upon best practices inculcated within decentralized finance (Defi) and centralised finance. The state-of-the-art ecosystem will act as a bridge, with Centaur deploying a native blockchain integrated with their lending liquidity pools and data oracles to adopt seamless cross-chain asset staking. Here are several issues the project seeks to resolve:
•Closing the market value gap between traditional and decentralised finance, and banking the unbanked
•Resolve limited functionality in liquidity pools such as privacy and smart contract features
•Interoperability across various chains vs most platform using only ERC20
•Over-collateralised lending in Defi that increases inefficiencies; Centaur platform enabling unsecured or under collateralized loans
•Significant regulatory and legislative uncertainties in Defi leading to limited enforcement of legal claims; Centaur to partner with credit unions and judicial law firms to pursue recourse actions
•User-friendly mobile and web-based interfaces
Product & Strategy
Centaur vision is to create a dynamic ecosystem that allows the integration of existing and future financial solutions. The platform will include a native chain (Centaur Chain) that will serve as the bedrock for smart contract interactions across various protocols and liquidity pools, amongst different blockchains. Through their liquidity pools, the project seeks to reduce the barrier of entry to allow accessibility for unsecured lending, cross-border remittance and better privacy.
The implementation will be done across 3 main phases:
•Phase 1 – Building and deploying smart contract liquidity pools (Laying the foundation for future dApps)
•Phase 2 – Deploying Centaur’s native blockchain
•Phase 3 – Creating a suite a decentralised application (dApps) with user- friendly interfaces
There’s more to this report…
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