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
šļø OpenFi: RWA Lending Protocol ļ¼https://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.
š Problem
Most DeFi lending protocols only support crypto-native assets. Meanwhile, trillions of dollars in real-world valueālike real estate and low-risk financial instrumentsāremain untapped, stuck in traditional finance.
š” Solution
OpenFi bridges the gap between TradFi and DeFi through RWA-backed lending:
šŖ Borrow stablecoins using tokenized real estate or fund tokens
š Support for permissioned and permissionless lending pools
š§ On-chain risk engine with dynamic LTV and liquidation rules
āļø Compliance-ready architecture for institutions (KYC, legal enforceability)
š§© 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
šļø Use Cases
š§¾ SME invoice financing
šļø Real estate-backed loans
š¦ Treasury or money market fund-backed stablecoin vaults
š Institutional credit market access
š 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
š¬ Contact
GitHub: https://github.com/OpenFi-Lending/openfi_contract
Twitter: https://x.com/open_fi_
Progress During Hackathon
š ļø Pharos Hackathon Progress ā Finished MVP of the RWA-backed lending dApp on Pharos devnet ā Created official X (Twitter) account: https://x.com/open_fi_ ā Deployed first permissionless lending pool with test RWA collateral ā Integrated stablecoin borrow/repay flow with front-end UI ā Completed end-to-end testing of collateral ā loan ā liquidation lifecycle šÆ Next step: onboard demo tokenized RWA assets (e.g. real estate NFTs)
Tech Stack
Fundraising Status
n.a.
