MakerDAO issues a mortgage loan
MakerDAO issues a mortgage loan
avril 22 2021
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DeFi is well on its way to taking over traditional finance, now also including its coverage of real-world assets. Yesterday MakerDAO issued a mortgage loan, using an ERC-20 token representing an ownership stake in a pool of real estate assets as collateral. With the help of New Silver real estate company and Tinlake protocol, 38k of DAI ($38k) were minted against a real-life asset, entering a new chapter of DeFi development.

Maker is a Decentralized Autonomous Organization owned and managed by the holders of MKR token. It pioneered in decentralized lending and decentralized stablecoins DAI. Adding real-life assets to its services proves that DeFi potential is far from being apprehended and the future of finance is decentralized.