Announcing our ecosystem supporter: Avalanche Asia Star Fund
We are excited to announce that Avalanche Asia Star Fund (Avatar) has joined our panel of ecosystem supporters. We are glad to have them on board to help us scale our platform and achieve our vision of a multichain future. While our first property and governance token are on Ethereum, we plan to work with Avatar to introduce future properties on Avalanche.
“CitaDAO has demonstrated to us the potential of leveraging DeFi to introduce real estate on-chain. We are excited to be able to participate in this next evolution of the DeFi ecosystem. We believe real estate will be the catalyst for the next DeFi summer”, Kasper Jao, Investment Director of Avatar
CitaDAO is the first protocol to introduce a 2-way tokenization bridge that allows real estate onchain to be detokenized in a permissionless manner while combining liquidity incentives to create secondary market liquidity for the Real Estate Tokens.
Joel Lin, contributor at CitaDAO said, “We have a vision to onboard 1 billion users into the DeFi space with real estate and to do so, we need to create a multichain strategy to create an inclusive community and ensure that different crypto communities are able to gain access to real estate on-chain to hedge against inflation”.
If you’re keen to join us on our journey to revolutionize DeFi, join our discord server on discord.gg/citadao.
CitaDAO.io is a Decentralized Finance (DeFi) platform for Real Estate to be tokenized on-chain, built on the Ethereum ecosystem. CitaDAO aims to solve the lack of liquidity, access limitation, and lack of composability in existing real estate ecosystem by creating interoperability with other DeFi applications/primitives that operate on the Ethereum protocol. Real estate token allows the community to diversify their portfolio on-chain to generate stable yield through real-world assets that have constant liquidity through AMM.
Disclaimer: The information contained in this communication is based on sources considered to be reliable, but not guaranteed, to be accurate or complete. This communication should not be relied upon or the basis for making any investment decision or be construed as a recommendation to engage in any transaction or be construed as a recommendation of any investment strategy