OpenFi
OpenFi is a RWA lending protocol that unlocks stablecoin liquidity from tokenized real-world assets such as real estate, invoices and treasury bills.
Videos
Description
🏛️ OpenFi: RWA Lending Protocol （https://app.open-fi.xyz/）
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.
🌍 Problem
Most DeFi lending protocols only support crypto-native assets. Meanwhile, trillions of dollars in real-world value—like real estate and low-risk financial instruments—remain untapped, stuck in traditional finance.
💡 Solution
OpenFi bridges the gap between TradFi and DeFi through RWA-backed lending:
🪙 Borrow stablecoins using tokenized real estate or fund tokens
🔐 Support for permissioned and permissionless lending pools
🧠 On-chain risk engine with dynamic LTV and liquidation rules
⚖️ Compliance-ready architecture for institutions (KYC, legal enforceability)
🧩 How It Works
Asset originators tokenize RWAs (e.g., via ERC-721 or ERC-1155)
Borrowers deposit these tokens as collateral into OpenFi lending pools
They receive stablecoins (USDC/USDT) based on asset value and loan parameters
Depositors earn real yield from borrower repayments linked to off-chain assets
🏗️ Use Cases
🧾 SME invoice financing
🏘️ Real estate-backed loans
🏦 Treasury or money market fund-backed stablecoin vaults
📈 Institutional credit market access
🚀 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
📬 Contact
GitHub: https://github.com/OpenFi-Lending/openfi_contract
Twitter: https://x.com/open_fi_
Progress During Hackathon
🛠️ Pharos Hackathon Progress ✅ Finished MVP of the RWA-backed lending dApp on Pharos devnet ✅ Created official X (Twitter) account: https://x.com/open_fi_ ✅ Deployed first permissionless lending pool with test RWA collateral ✅ Integrated stablecoin borrow/repay flow with front-end UI ✅ Completed end-to-end testing of collateral → loan → liquidation lifecycle 🎯 Next step: onboard demo tokenized RWA assets (e.g. real estate NFTs)
Tech Stack
Fundraising Status
n.a.
