Centrifuge Q3 2024 Highlights: Partnerships, Launches, and Recognition

**Only 14% of DeFi protocols generate consistent revenue** - and Centrifuge is among them. The real-world asset protocol generates **protocol revenue monthly from actual activity**, not just token emissions or speculative trading. This positions Centrifuge in a rare category of DeFi protocols with sustainable business models. Previously, the protocol introduced a 0.4% fee on loans, with estimates projecting $4M in annual treasury revenue. The distinction matters: most DeFi protocols rely on token incentives rather than genuine revenue from services, raising questions about long-term sustainability across the sector.

**DIMO gains mainstream attention** as Automotive News covers the project's approach to vehicle data management. The coverage highlights how DIMO addresses automakers' challenges with big data collection and utilization. This marks significant recognition for the decentralized vehicle network in traditional automotive media. **Key developments:** - Traditional automotive publication features web3 mobility project - Focus on practical data management solutions - Bridges gap between legacy auto industry and blockchain technology The article demonstrates growing interest from established automotive sectors in decentralized infrastructure for vehicle data.

Centrifuge has completed the final security audit for its V3.1 upgrade, marking the end of a comprehensive review process that began in August 2025. **Key developments:** - BurraSec delivered their third and final security report - The platform underwent continuous scrutiny from multiple security firms including Cantina and Sherlock - A $250,000 security contest concluded with hundreds of researchers examining the codebase - Sherlock's top auditor, IAm0x52, participated in the review process The project emphasized security as an ongoing practice rather than a one-time milestone. A bug bounty program remains active with a maximum reward of $250,000 for V3.1. All identified issues have been addressed, with reports now publicly available from Sherlock and Blackthorn.

Centrifuge is introducing **public quarterly updates** starting today, offering transparency into their operations and future plans. **What's Covered:** - Strategic direction and protocol health metrics - Product roadmap and development priorities - Live Q&A sessions with the community The initiative reflects Centrifuge's commitment to open communication with stakeholders. Participants can join the sessions to ask questions directly and get real-time answers from the team. [Register for the quarterly update](https://luma.com/f7tkx8yu)

**Tokenized equity has fundamentally changed.** Previously, it meant synthetic exposure—price tracking without ownership. Now, the share register itself exists onchain with full shareholder rights. **What changed:** - SEC-registered transfer agents can maintain authoritative shareholder records onchain - Smart contracts enable real-time settlement and automated transfers - Companies can issue actual shares on blockchain with complete legal rights **Why it matters:** Crypto-native companies previously relied on tokens to bootstrap communities, but lacked enforceable investor rights and clear paths to institutional capital. Onchain equity solves this by providing one unified cap table accessible to both contributors and institutions. [@caesar_data](https://twitter.com/caesar_data) became the first crypto-native company to issue real equity onchain through Centrifuge's SEC-registered infrastructure—no parallel systems, no fragmentation.