REFI2
Tokenizing Canadian secured mortgages into liquid, yield-generating onchain instruments.
Client: ReFi Technologies · refi2.com
The Liquidity Gap
Private mortgage lending generates stable, overcollateralized returns — but the asset class is completely illiquid and inaccessible to most investors. Traditional securitization is expensive, opaque, and excludes smaller participants. The result: billions in high-quality yield locked behind institutional walls.
Onchain Tokenization
Bluecore built a full-stack DeFi protocol that tokenizes a diversified portfolio of Canadian secured mortgages. REFI2 tokens maintain a 1:1 USD peg backed by 102%+ collateralization. Stakers earn 8% APY from real mortgage interest income — distributed transparently onchain with no lockup periods.
What We Built
Staking & Yield Distribution
Real-time claimable rewards system deployed on Solana. Yield from real mortgage interest income distributed transparently onchain with no lockup periods.
KYC/Compliance Gating
Full KYC/AML integration gating access to the staking dApp. Regulatory compliance baked into the protocol layer, not bolted on as an afterthought.
On-Chain Transparency
Public events for all yield distributions with exportable audit trails. Global dashboard showing real-time TVL, collateralization rate, staked percentage, and yield treasury.
Gamification Layer
XP-based engagement system with badges and tiered milestones from Shrimp to Whale. Drives sustained user participation and community building.
Yield Calculator
Interactive calculator allowing users to model returns across variable stake amounts, durations, and compounding strategies. Drives conversion.
Liquidity Without Lockups
Reserve buffers and laddered loan maturities provide liquidity without requiring stakers to lock funds. Users can unstake at any time.
From Mortgage Origination to Onchain Yield
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