NFTs, DeFi, Stables and the African Housing Revolution

  • A house could be tokenized as NFTs. A user can then lock some collateral (that gets progressively augmented) to purchase these ‘shares’ as a mortgage and use a lending protocol to finance the whole enterprise. The lender can have total certainty that the money he’s lending is going towards the financing, and, should the borrower fail to pay him back, the liquidation of the collateral can be used to repay the loan.
  • A user can set up a contract for a P2P loan, issued as an NFT. The NFT would entitle the holder to receive the collateral directly in their wallet should there be any problems in the process. In this case, the mortgage payments would have to either be monitored by an oracle or a middleman providing verification (which could be a decentralized platform such as Kleros.io).

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store