What are Centrifuge Gas Fees?

Written By: Mr. GasMan

Centrifuge (CFG), which connects real-world assets like real estate and invoices with decentralized finance (DeFi), does indeed have gas fees. These fees are an essential part of its ecosystem, as Centrifuge operates on its own blockchain within the Polkadot ecosystem.

Overview of Centrifuge Gas Fees:

  1. Fee Structure:

    • Gas fees are required for executing transactions and utilizing the network’s functionalities, including interacting with decentralized applications like Tinlake.
    • Fees are paid in Centrifuge’s native token, CFG.
  2. Purpose of Fees:

    • A fraction of the gas fees is directed to the treasury for ecosystem maintenance and development.
    • Fees are structured to align with asset management processes, including upfront, ongoing platform, and transaction/trading fees based on assets under management (AUM) and asset values.
  3. Economic Impact:

    • Gas fees are part of a broader proposal to implement token burns, which could potentially enhance CFG’s value by reducing its circulating supply.

The platform’s fee model reflects its focus on supporting real-world asset tokenization while maintaining efficient operations and governance

Share this blog: 

Donations are appreciated!
Send ETH or any ERC20 on the Ethereum Network to:

0xD84daC37a730EF90d0AC0B164E0f1Fa56BC456F6

Track Gas Fees in Real-Time – Save More on Every Transaction!

Monitor Ethereum and 33 other blockchains gas fees instantly with Gas Fee Tracker. Stay ahead of the market, optimize your transactions, and save on costs – all in real time