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  1. Introduction
  2. Example Use Case
  3. Contracts in Detail

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Centrifuge at a glance

Assets

Lenders

Asset Originator

Tokenized Assets

Pooled loans

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Centrifuge

P2P Network

Anchors

Identities

NFTs

EasyBilling

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Invoice

3rd Parties

(Oracle Providers, Risk Scoring etc.)

Mint

Token

NFTs

Ethereum

Centrifuge Chain

Bridge

Select & Compress State

Financing & DeFi Adapters

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Tinlake: Structured Money Market for Debt

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Tinlake is not a Black Box

Most security tokens require full trust in the issuer. Tinlake is minimally trusted.

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Issuer

mints

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Junior Tranche

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Higher yield

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Takes the first loss

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Gets paid back last

Senior Tranche

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Lower stable yield

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Gets paid back first

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Takes loss last

Price Stability: A Stable Asset

Drop

Tin

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Legal set-up mirrors smart contracts

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Pricing Real World Assets

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  • Introduction
  • Example Use Case
  • Contracts in Detail

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Example Use Case

EasyBilling provides a SaaS product to allow its users to send invoices to their clients. With all that valuable financial information they can offer a factoring product to the suppliers that use their product.�

EasyBilling chooses to access liquidity through DeFi and wants to bring these assets on chain by deploying Tinlake.

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EasyBilling Inc.

* purely fictional example

*

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Creating an NFT for the Invoice

needs to bring the individual non fungible assets on chain. An NFT is created for each invoice with some public metadata:

  • Invoice Amount
  • Due Date

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EasyBilling Inc.

amount: $15,000

customer: Big Car Inc

supplier: Tire LLC

due date: 2019-09-09

status: unpaid

line items: [...]

signatures: [...]

…

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invoice

amount: $15,000

due date: 2019-09-09

owner: 0x000

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unpaid invoice NFT

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Raising Capital

makes a compelling argument for investors to invest into receivables on its platform. The share tokens for the pool will be:

  • sold to retail investors
  • voted in as collateral for MakerDAO

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EasyBilling Inc.

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Pricing the assets

works with different partners to provide an accurate on chain oracle for the value of the NFTs.

  • A legal & financial auditing firm verifies that the paperwork is correct
  • A fraud scoring company gives a fraud risk score to each invoice
  • A valuation firm looks at the different receivables and their individual credit risk

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EasyBilling Inc.

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1, 2, 3

  • Introduction
  • Example Use Case
  • Contracts in Detail

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Pricing Real World Assets

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Questions?

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Resources

Docs: https://developer.centrifuge.io/tinlake/overview/introduction/

Code: https://github.com/centrifuge/tinlake

Blog: https://medium.com/centrifuge

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Say hello in Paris!

Gustav Arentoft & Lucas Vogelsang�The next $10B in DeFi: Opening up our world to users in the real world�3/4/2020 5:30pm-5:50pm�EthCC, March 3-5 in Paris

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hello@centrifuge.io

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Thank you