As DeFi constantly evolves, there will be more use-cases for the product. In recent times, we've seen NFTs join the ranks and been squeezed out of liquidity pools. MarkerDAO is one of the leaders of the DeFi space in the blockchain industry and the company responsible for minting Dai stable coin.
In this recent move by the DeFi platform that Citi group described as a "Decentralised bank", loans for real estate will be provided for users.
This move is going to be done in conjunction with the Tinlake blockchain protocol that serves as a bridge between New Silver, a real estate loan company, and MakerDAO.
According to Sébastien Derivaux, a community member of MakerDAO, "This is DeFi taking on traditional finance". In a series of tweets, Sebastien highlighted how the Defi protocol minted 38k Dai stable coin to service a mortgage loan.
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