Hassan Maishera
The Chiliz team announced via a blog post on Monday that Decentral has launched the first football media-rights RWA pool on Chiliz Chain. The Decentral protocol, developed by an independent team within the SportFi ecosystem, leverages liquidity to advance receivables from broadcast rights, sponsorships, and other deals, allowing global investors to get exposure to real-world assets from the sports industry.
By building on Chiliz Chain’s infrastructure, Decentral enables the DeFi market to provide liquidity to clubs more efficiently and cost-effectively than traditional financial intermediaries. The protocol creates a permissionless, decentralised marketplace where capital can flow directly to where it’s needed most.
The initial liquidity pool at launch is valued at $1 million USD in USDC, offering a 12% APY with a 90-day locking period.
Chiliz (CHZ) is a digital currency for sports, e-sports, and entertainment platforms and is adaptable across a wide range of industries. It aims to foster a blockchain ecosystem built for sports and entertainment. CHZ has lost 6.6% of its value in the last 24 hours and is currently trading at $0.03033.
