We should remember that Zipcode didnt start with a finance product and then directly find the collateral. They spent months building a decentralized pricing engine in $TAO that can value homes at very high accuracy and low cost That sequence matters so much. The collateral arent just "real estate" in the abstract, that collateral is backed by the same network that has already gone through millions of home pricing validations. Its a more advanced foundation than most onchain credit products that rely on crypto collateral or external oracles Also worth noting that their codebase has been under audit by Octane Security since July 1, the next steps are filling the initial vault before opening the curator role to more participants Housing is clearly their starting point, but the structure is built as a broader credit network I still wonder how the curator competition will work in practice, but @zipcodenetwork progress from house pricing to house financing feels intentional