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OpenFi

OpenFi is a RWA lending protocol that unlocks stablecoin liquidity from tokenized real-world assets such as real estate, invoices and treasury bills.

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Description

šŸ›ļø OpenFi: RWA Lending Protocol ļ¼ˆhttps://app.open-fi.xyz/ļ¼‰

Description:
OpenFi is a decentralized lending protocol that allows users to borrow stablecoins (USDC, USDT) by collateralizing tokenized real-world assets (RWAs) such as real estate and money market funds.

šŸŒ Problem
Most DeFi lending protocols only support crypto-native assets. Meanwhile, trillions of dollars in real-world valueā€”like real estate and low-risk financial instrumentsā€”remain untapped, stuck in traditional finance.

šŸ’” Solution
OpenFi bridges the gap between TradFi and DeFi through RWA-backed lending:

  • šŸŖ™ Borrow stablecoins using tokenized real estate or fund tokens

  • šŸ” Support for permissioned and permissionless lending pools

  • šŸ§  On-chain risk engine with dynamic LTV and liquidation rules

  • āš–ļø Compliance-ready architecture for institutions (KYC, legal enforceability)

šŸ§© How It Works

  1. Asset originators tokenize RWAs (e.g., via ERC-721 or ERC-1155)

  2. Borrowers deposit these tokens as collateral into OpenFi lending pools

  3. They receive stablecoins (USDC/USDT) based on asset value and loan parameters

  4. Depositors earn real yield from borrower repayments linked to off-chain assets

šŸ—ļø Use Cases

  • šŸ§¾ SME invoice financing

  • šŸ˜ļø Real estate-backed loans

  • šŸ¦ Treasury or money market fund-backed stablecoin vaults

  • šŸ“ˆ Institutional credit market access

šŸš€ Why OpenFi

  • Real yield from off-chain credit flows

  • Modular, risk-managed pool design

  • Expands stablecoin utility beyond crypto

  • Bridges DeFi and TradFi capital markets

šŸ“¬ Contact

GitHub: https://github.com/OpenFi-Lending/openfi_contract
Twitter: https://x.com/open_fi_

Progress During Hackathon

šŸ› ļø Pharos Hackathon Progress āœ… Finished MVP of the RWA-backed lending dApp on Pharos devnet āœ… Created official X (Twitter) account: https://x.com/open_fi_ āœ… Deployed first permissionless lending pool with test RWA collateral āœ… Integrated stablecoin borrow/repay flow with front-end UI āœ… Completed end-to-end testing of collateral ā†’ loan ā†’ liquidation lifecycle šŸŽÆ Next step: onboard demo tokenized RWA assets (e.g. real estate NFTs)

Tech Stack

React
Solidity
Python
Node
Ethers
Web3

Fundraising Status

n.a.

Team LeaderYyanweicheng75
Github

Github Link

https://github.com/OpenFi-Lending/openfi_contract
Sector
DeFiInfraRWA