Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Pagla on December 01, 2021, 10:58:30 AM
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CitaDAO is integrating industry-leading oracle solution Chainlink to unlock tokenized real estate use cases in DeFi. CitaDAO is creating a Real Estate powered Decentralized Finance (DeFi) ecosystem on Ethereum that features sustainable yield farms powered by real estate that are composable with DeFi applications.
The integration will leverage Chainlink oracle infrastructure to provide a reliable real estate valuation data feed to the DeFi ecosystem—a crucial backbone for protocols and developers wanting to build trustless decentralized applications using real estate-backed tokens.
Chainlink nodes will provide appraisal data sourced from world-class global real estate consultancies such as CBRE, Savills, Knight Frank, JLL, and Cushman & Wakefield. The data is cryptographically signed so that the consumer of the data feed knows that it came directly from a known, reliable source. Smart contract developers can use the Chainlink node as a price oracle to create primitives based on real estate valuations.
More Information (https://cryptonews.net/en/news/defi/2814927/)