Aave protocol has taken two new steps in its foreign policy, cooperating with the RealT and Plutus projects. It will open up opportunities for DeFi users to take out mortgages and deposit derivatives.
This project started in 2019 and was one of the first tokenize real estate on the Etherium platform and simplify the infusion of funds into this market. According to RealT, tokenization of assets is the next logical step in the technological evolution of commerce.
Now, with the help of RealT, investors can buy stocks, which are the key to asset management. Investors receive stock income in their wallets in the form of USDC or DAI stablecoins.
An alternative to collateral.
The purpose of such integration is to create an opportunity to borrow stablecoins as collateral for real estate shares in RealT. This opportunity will allow to use investment money more efficiently, increasing profitability. Of course, in a stable market.
Given that real estate is less tied to the crypto market, RealT’s assets are a great tool for diversifying risks in the DeFi space.
In addition, in the near future RealT plans to carry out private tokenization of real estate. It means that at the request of the property owner, he can “digitize” his asset by transferring funds to the DeFi space.
Also today, the integration of Aave Lending protocol in Plutus comes into force. Users will be able to use Plutus DeFi to deposit in the Aave protocol, accruing interest.
At the moment, two USDC DAI currencies are enabled in the Aave protocol. After launching Plutus DeFi V2, users will be able to deposit additional 11 currencies for 2 weeks.
Plutus DeFi is a DeFi aggregator that can connect multiple products and applications to a single platform. The way of this project began as a loan aggregator in the Defi space. However, now it is a common aggregation platform, which Plutus developers call “Full Stack DeFi”:
Plutus DeFi started as a DeFi lending aggregator, but have built at a rapid pace to now act as a general DeFi aggregation platform, or as we call ‘Full Stack DeFi’, to include ETH mixers & on-chain privacy protocols, buying insurance from providers for deposits on lending, mobile money credits to DeFi lending in Africa, Native Mobile App on Android and eventually a defi debit card.
Despite the fact that Aave has given the leading position, moving to 3rd place – value, development and cooperation with other projects will not allow this project to fall behind on the path to global decentralization of the world market.
Charts courtesy of Aave