Transparency

How do we build more transparency around onboarding assets with Prestio?

Transparency and the ability to enable the community to independently vet real-estate assets is one of our core priorities and a core principle of any meaningful DeFi solution. In order to achieve this, every loan position is converted into an NFT token. Further, all the documentation related to third-party independent valuations, title insurance, and liability assessments are hashed, and those hash values associated with each document are included in the NFT security token. Through this mechanism, we can bring collateralized loan positions on-chain with NFT tokens. By including all the hash values for associated documentation, we enable mechanisms for independent verification against documentation tampering.

We have also developed the REVAB task-force, a community driven validation layer for issuing loans, please the the REVAB section for more information.