#MakerDAO , its governance structure has voted to expand the types of collateral and go beyond cryptocurrencies to begin accepting real world assets (Real World Assets, #RWA ) as collateral.
This shift will bring new opportunities to the MakerDAO platform, allowing it to reach markets and asset types that were previously impossible to reach. Four new physical assets are proposed for use as collateral for Dai, including ConsolFreight DROP Token (CF-DROP), Peoples Company Series 1 DROP Token (P1-DROP), Harbor Trade Credit DROP Token (HTC-DROP), and Fortunafi DROP Token (FFT1-DROP).
What are these assets? The following introduction
ConsolFreight DROP Token (CF-DROP): ConsolFreight is a software-as-a-service (SaaS) freight technology provider focused on achieving digital transformation and integrating physical networks engaged in international trade. Asset originators are applying to use Maker as a credit line for new loans on their tokenized freight invoicing and trade finance solutions.
Peoples Company Series 1 DROP Token (P1-DROP): This token will be based on agricultural real estate in the United States. Maker stated that this is a relatively safe asset as rental farm properties are a fairly safe asset compared to MakerDAO RWA collateral at this time. The current crop prices are very supportive of farmers' profits.
Harbor Trade Credit DROP Token (HTC-DROP): Harbor Trade Credit is a supply chain finance provider that offers trade payables financing programs to corporate buyers through its proprietary platform. Harbor provides liquidity to buyers through trade credit and provides suppliers with quick access to working capital.
Fortunafi DROP Token (FFT1-DROP): Fortunafi is a fund management company partnering with Centrifuge as a token issuance platform, initially focusing on revenue-based financing as an asset type.
These assets cover a variety of fields from software services, agricultural real estate, supply chain finance to fund management. MakerDAO’s transformation has not gone without controversy. However, it did succeed in attracting companies including Tesla to leverage the MakerDAO platform for real asset financing. For example, MakerDAO-authorized commercial lender 6s Capital completed a $7.8 million real estate financing transaction for Tesla to fund the construction of Tesla’s new repair and collision center.
6s Capital was created in response to the credit shortage during the COVID-19 pandemic to facilitate lending through the MakerDAO protocol. 6s Capital, as a client of RWA Company, accesses MakerDAO's vault through RWA Company. RWA, a company that describes itself as a “bridge between institutional borrowers and decentralized finance,” specializes in helping its clients access MakerDAO’s vault.
Regarding whether RWA is a new hot spot in the future, it currently seems that this is an emerging field. Of course, its success will depend on many factors, including how it handles connections to the traditional financial system, how it addresses regulatory and compliance issues, and how it ensures transparency and account security. But what is certain is that, if successful, RWA will open up entirely new markets and opportunities in the blockchain and decentralized finance (DeFi) fields.
$MKR and $COMP , two old leading Defi protocols, have surged in value due to their entry into the RWA track. Have governance tokens become more important because of this move?
