CitaDAO launching the first DeFi Real Estate tokenization project

I’m a big fan of crypto but also into investing in real estate. Saw a few threads around NFT and real estate tokenization so thought I’d share this. I recently discovered a new project that combines DeFi and real estate tokenization called CitaDAO [ https://citadao.io ]. They have a fresh take on how real estate tokens can be composed with other DeFi projects, unlike past real estate tokenization attempts.

They are looking to leverage on composability with other projects in DeFi to create use cases for their real estate token in order to drive up the demand for their tokens. The tokens will be tradable on Uniswap v3 with liquidity mining provided via xToken Terminal which make sense since real estate price should be fairly stable within a narrow band like stablecoin. Their partnership announcement on Twitter [ https://twitter.com/xtokenmarket/status/1461716880713039872 ]. Besides that they also have an integration with Chainlink to provide price feeds their real estate https://twitter.com/chainlink/status/1465814283938377729. For those who are not familiar, Chainlink oracles is used by quite a few reputable DeFi projects.

They launched their first building tokenization today, called Introducing Real Estate On-chain (IRO). Here’s a quick overview of how it works:

View the property getting tokenized on their app [ https://app.citadao.io ] Stake USDC to indicate interest on the real estate. Once staked, the tokens will be locked for the entire duration but you’ll earn a stablecoin reward from locking up liquidity. Once the period is up and the threshold is reached, you can withdraw the reward and the real estate token.

They did not announce what can we do with the Real Estate tokens yet but I’m guessing they will be launching their liquidity mining pool since they announced a Twitter Space [ https://twitter.com/i/spaces/1MnxnkrEjoOKO ] session later this week with xToken.

Their approach is super interesting and they seem to have a fairly active community. Their mechanism to earn stablecoin reward is quite tempting and I have not seen any past real estate tokenization project launching it as a DeFi protocol. The team is doxxed and has a good mix of background in private equity, real estate, and tech.

Disclaimer: I don’t have any money invested yet but will be looking to do so soon, and I am not affiliated with the project in any way. This is not financial advice and please do your own research.

Here’s the URL of their documentation [ https://docs.citadao.io ] and their app [ https://app.citadao.io ]