District

The primary goal of District is to provide non-U.S. depositors with access to the U.S. private credit lending market by tokenizing real-world assets, thereby offering exposure to yield opportunities that were traditionally inaccessible.

To participate, users can deposit USDC into the District vault, receiving DISTRICT tokens that represent their shares. These tokens can be redeemed for USDC as borrowers repay their loans, allowing depositors to earn yield from the platform's lending activities.

District's focus on overcollateralized, full-recourse loans, its partnership with regulated entities like Coinbase for compliant conversions, and its use of Centrifuge for on-chain loan tokenization and real-time yield tracking distinguish it from competitors in the real-world asset tokenization space.

Yes, District employs multiple security measures, including overcollateralized loans, partnerships with regulated entities, and comprehensive audits by reputable firms to ensure the platform's integrity and the safety of depositor funds.

Potential risks include borrower defaults, market fluctuations affecting the value of underlying assets, and regulatory changes impacting the tokenization of real-world assets. District mitigates these risks through thorough due diligence, overcollateralization, and compliance with relevant regulations.