Centaur Partners with OpenDeFi to Close the Gap Between Centralised and Decentralised Worlds
We are happy to share that we’ve partnered with OpenDeFi, an innovative project in the DeFi space that aims to bridge the gap between DeFi and physical assets.
The latest partnership with OpenDeFi comes after the strategic partnership with Reef, which allowed us to increase accessibility to our liquidity pools through Reef’s liquidity aggregator.
OpenDeFi Centaur Partnership Details
While synthetic cryptocurrencies have been successful in bridging the gap between different blockchains, they have widely ignored the real-world assets. In our quest to bridge centralised and decentralised finance, bringing these assets on blockchain is crucial.
Hence we see the collaboration with Open DeFi as a key step towards achieving this goal.
OpenDeFi is developing a DeFi protocol for on-chain synthetic assets within its ecosystem. That means, real-world assets such as Gold, ETFs, Stocks etc will be available on the blockchain in synthetic form and can be used for various DeFi applications such as collateral, trading etc.
With this partnership with OpenDeFi, we aim to include OpenDeFi’s synthetic products into our Liquidity Pool, which would allow these assets later to be traded against all other crypto assets in the Centaur’s Liquidity Pools.
Sean Kor, the Co-Founder of Centaur commented on the partnership,
“We’re really looking forward to this collaboration with OpenDeFi and the boundless opportunities presented by integrating their real-world assets into our upcoming liquidity pools.”
Tarusha Mittal, COO of OpenDefi added,
“Both Centaur and OpenDeFi share a similar long term vision. This sort of natural synergy between projects is a very good sign for the future of DeFi as a whole, and we cannot wait to explore these possibilities together.”
In addition, we would collaborate together on various marketing campaigns to educate the community and bridge the gap between centralised and decentralised finance.
We are certain that OpenDeFi’s unique approach to solving modern problems of the DeFi space combined with Centaur’s mission will not only help both of us in reaching our goals, but also will push the entire DeFi industry forward.
What is OpenDeFi?
OpenDeFi is a FinTech protocol that allows custody of real-world assets on the blockchain. Developers are able to use the OpenDeFi protocol to build dApps on top of it. Thanks to its open nature, the protocol enables the streamlined integration of other dApps and is offering multiple chains for cross-sharing of assets from different classes.
OpenDeFi is aiming to potentially enable institutional investors and funds to take part in the blockchain, DeFi, and cryptocurrency economy. The team behind the project is planning to eliminate the price slippage issue, increase liquidity, and offer insurance and custodianship of physical assets, thus tying together the CeFi and DeFi spaces.
What is Centaur?
Centaur is a ground-breaking project in the decentralised finance space that emerges as a bridge between the traditional finance space and the decentralised finance world. The project is taking advantage of the crucial features of blockchain, while at the same time leveraging the fail-safe elements of centralised systems. Centaur is offering a range of semi-decentralised solutions to the public, including lending, digital payments, and asset management.
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