The platform gives crypto holders direct access to the mortgage investment market, which is currently controlled by banks and governments.
Decentralized mortgage lender Bacon Protocol officially launched on Tuesday, allowing cryptocurrency investors to participate in the housing market through a new stablecoin that’s backed by USD Coin (USDC) and home loans. In addition to launching its protocol, Bacon announced Tuesday that it is holding a public sale of bHome token, which is described as a Stable+ Coin that’s backed “dollar for dollar” by USDC, liens and loans on properties in the United States. Early participants in the sale will be eligible to receive additional rewards via the BACON governance token. Bacon Protocol works by giving homeowners the ability to exchange a lien on their property for a nonfungible token, or NFT, that represents a percentage of the property they purchased. The NFT gives buyers collat
Źródło: https://cointelegraph.com/news/bacon-protocol-launches-decentralized-mortgage-platform
