Transparent - See the loans backing the coin any time
At any time, all overcollateralized loans backing the coin may be viewed on the blockchain or on www.homecoin.finance. The information includes the home's location, value and lien amount, among other things. Other stablecoins rely on auditors.
Stake and get return of 2-5% APY for years
The loans backing HOME generate a 2-5% return without incentives. Other stablecoins rely on incentives to reward the people who stake their stablecoin, but the core assets that back these stablecoins generate minimal or no return.
Every loan is backed by a home that is worth more than the amount of the loan
Every loan is overcollateralized. The average loan in the pool backing HOME is overcollateralized by 30% or more making the value of the home higher than the lien and loan against the home. Other stablecoins may hold more assets than needed to maintain a 1:1 ratio between assets and the coin value, but there is no guarantee the individual assets are overcollateralized.
The assets and the creation of the loans are decentralized
It is decentralized at its core. The assets backing HOME are distributed around the United States. The platform is open to any loan officer to originate loans, as well as financial institutions. The collection of payments can be done through anyone licensed to be a servicer or directly through the blockchain. Other stablecoins store the assets that back them at centralized institutions.
If you are an originator or servicer and are interested in using the RWA Protocol, drop us a note on Discord.