Tenancy Protocol
DeFi protocol on Base Sepolia tokenizing real-world rental income into ERC-20 tokens for automated yield distribution.
What it is
TENANCY is a DeFi protocol deployed on Base Sepolia that tokenizes real-world rental income streams. Property owners can convert their ongoing rental payments into ERC-20 tokens representing fractional ownership of the income stream. Investors purchase these tokens to receive proportional shares of the monthly rent as yield. An autonomous AI agent oversees property monitoring (verifying rent payments, property status) and handles automatic on-chain distribution of yields to token holders, minimizing manual intervention and enhancing trustlessness.
What it is: It turns predictable rental cash flows into tokenized, tradable ERC-20 assets on-chain, allowing fractional investment in real estate income without full property ownership.
How it works
1. Property owners onboard their rental agreements and deposit/verify initial rent streams (possibly via off-chain proof or oracle).
2. The protocol mints ERC-20 tokens backed by the rental income rights.
3. Investors buy tokens via a DEX or direct minting.
4. Monthly rent payments are funneled on-chain (via stablecoins).
5. An autonomous AI agent (likely using automation tools, oracles, or keepers) monitors off-chain events (rent receipt, property maintenance) and triggers smart contracts to distribute yield proportionally to token holders automatically.
What problem it solves: Traditional real estate investment has high barriers (large capital, illiquidity, manual management, geographic limits). TENANCY democratizes access to rental yields, provides liquidity via token trading, automates distribution to reduce trust and admin costs, and integrates real-world income into DeFi for composability (e.g., using tokens as collateral elsewhere).
How it Works
Built as a smart contract suite (Solidity) on Base Sepolia testnet.
Core components include ERC-20 token contracts for rental shares, yield distribution logic, PriceFeedConsumer, PropertyMarketPlace, PropertyRegistry
RentalToken integration with an autonomous AI agent for monitoring/distribution (via Chainlink Automation), and off-chain verification mechanisms for rent streams. Front-end is a dApp for minting/buying tokens and viewing yields.
Links
Created by
- Moses Sunday