What Is CitaDAO (KNIGHT)?
CitaDAO is a Decentralized Finance (DeFi) platform for Real Estate to be tokenized on-chain, built on the Ethereum ecosystem. This aims to solve the lack of liquidity, access limitation, and lack of composability in the existing real estate ecosystem by creating interoperability with other DeFi applications and primitives that operate on the Ethereum protocol. Real Estate Token allows the community to diversify their portfolio on-chain to generate sustainableyield through real-world assets and enjoy constant liquidity by leveraging AMM and Liquidity Pools. They are building a platform that creates easier, borderless, transparent, and scalable access to real estate for the community.
By tokenizing and transacting real estate on-chain, this aim to solve the lack of liquidity, access limitation, and lack of composability plaguing the existing real estate universe. With DeFi gaining popularity over the past years, the ecosystem needs alternative sources of sustainable yield generation beyond lending protocols and trading fees. CitaDAO is an asset that has a proven track record of real world value that will provide better and more sustainable yields in the DeFi ecosystem.
CitaDAO Storage Key Points
|Source Code||Click Here To View Source Code|
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|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Sustainable DeFi Yields
Most of the sky-high yields in the existing DeFi ecosystem are not sustainable and will gradually revert to mean. CitaDAO contrast, real estate generates its own yield, ensuring that the yield remains sustainable through productive real world rent. Bringing real estate on chain would allow for sustainable, consistent yields (on top of additional DeFi use cases).
An Alternative to Stablecoins
Stablecoins, especially those backed by currency, is inherently centralized. Currencies are held in the backing institution’s bank accounts that are centralized in nature. CitaDAO coins tied to fiat currencies are affected by the inflationary dynamics plaguing those currencies; stablecoins are worth less over time. Each collection of Real Estate Tokens on-chain is held by different entities globally, enabling them to be decentralized fundamentally. Additionally, real estate is a traditional inflation hedge – your underlying real estate increase in value over time.
DeFi Use Cases
Bringing real estate on-chain unlocks use cases that are not available in traditional real estate. CitaDAO a physical real estate worth $100,000 can not be used to earn additional interest by depositing the title deed with a bank. Instead, the only return is via rental income and value appreciation. However, $100,000 in Real Estate Tokens can allow individuals to stake, farm, and earn rewards. Real Estate on-chain allows one to unlock the inherent value by composing with other DeFi projects, increasing demand, and ultimately the value of the Real Estate Tokens – Real Estate on chain will be worth more than real estate IRL.
Disrupting Real Estate
Real Estate IRL has long been recognized as both an inflation hedge and a stable source of passive income. CitaDAO However, the industry has yet to embrace modern technological disruptions, which leads to some disadvantages including:
- Lack of Liquidity — Unlike other asset classes, it takes a long time to enter and exist a a real estate position.
- Poor Accessibility — CitaDAO high quantum of traditional Real Estate requires significant capital upfront and transaction fees can be high, creatinga high barrier to entry to many individuals.
- No Composability — Leveraging a real estate property for additional use cases beyond securing a mortgage IRL is difficult. CitaDAO Even then, getting a line of credit involves tons of paperwork, doxxing, and bureaucracy. Processes are also not transparent, limiting the use cases and demand for the title deed and constraining the potential value of the property.
Real Estate Tokens can be owned in any denomination, enabling anyone to own the rights to buyout other Real Estate Token Holders and redeem the title deed for a fraction of the full value of the property. The high quantum and transactional costs of traditional real estate are no longer a barrier to entry, empowering an entirely new class of landlords. CitaDAO Tokens are ERC20 tokens designed to be composable with other DeFi projects on the public chain, increasing their use case and demand which will enhance the overall value of the Real Estate Tokens on chain. CitaDAO platform (Knight) governance tokens will, serve as a foundation to incentivize a plethora of innovative DeFi primitives, such as collateralized loans, futures, indexes, options, etc.