GoldFinch is the future!

What is this project?

GoldFinch Finance — is the protocol that creates one of the biggest missing pieces in DeFi: no collateral loans. The GoldFinch Finance team believes that this is a decisive step in the world of cryptocurrencies, which finally opens access to cryptocurrencies for most countries in the world. By decentralizing the DeFi process, GoldFinch can open up a whole new level of opportunity, allowing anyone to be a lender, not just banks. And you must admit that this is incredible.

How Goldfinch works?

The GoldFinch Finance protocol works by providing lines of credit to credit companies. These companies use their lines of credit to obtain stablecoins from the pool and then exchange them for fiat and place them on their local markets. In this way, GoldFinch Finance ensures the usefulness of the cryptocurrency — in particular, its global access to capital, while leaving the actual provision and servicing of the loan to the businesses that are best equipped to do so. On the investor side, cryptocurrency holders can make deposits to the pool to generate income. When the lending companies return their interest back to the minutes, it is immediately paid to all investors.

The main phases of the formation of the protocol

1. Credit fund in cryptography

2. Decentralized underwriting network

3. Support for small and medium lenders who do not yet have a loan servicing infrastructure. Summing up the above, we can state the obvious advantages for all members of the Goldfinch system over the existing “classic” creditors. Undoubtedly, we expect a rapid expansion of the circle of Goldfinch users and a significant increase in loan capital in the near future.