Goldfinch is a decentralized credit platform for crypto loans without collateral. This is the missing piece that finally unlocks crypto lending for most people in the world.
In simple words, the Goldfinch protocol allows you to take and give loans without the intervention of a third party, in the traditional sense, this is a third party is the Bank.
Goldfinch’s goal is to bring crypto loans to the real world.
The number of borrowers is growing and it is already over 10k. The protocol already serves thousands of borrowers in India, Mexico, Nigeria and Southeast Asia.
Backers are provided with a Stable yield of 10% +. Also, if you provide your funds to the pool of borrowers, it is likely that the project can give some privileges to its early backers in its future activities …
As they say in white paper from Goldfinch Review
The Goldfinch protocol has four main participants: borrowers, sponsors, and liquidity.
Liquidity Providers supply capital to the Senior Pool. The protocol automatically allocates the Senior Pool to the senior tranches of Borrower Pools.
Borrowers propose pools (with terms like the interest rate) for the Backers to assess
Backers supply capital to the junior tranches of Borrower Pools.
This picture shows the mechanism for issuing a loan. And the role of each of the participants in the loan.
The project has good partners, such as PAYJOY, QuickCheck and Almavest as, who are already fully working in their fields and cooperation with them is a good plus, since these partners are based around the world, in countries such as Mexico, Nigeria, India.
Also, this startup was funded by very serious funds that invest their money only in really worthwhile projects .
Our social networks
Official website : Goldfinch
Reach out to them on Twitter: https://twitter.com/goldfinch_fi
Join their Discord: https://discord.gg/
