decentralized credit platform for crypto loans without collateral
The project wants to merge DeFi sector with the physical sector. Everyone can pour liquidity into pools.
Goldfinch expands access to capital in emerging markets where crypto can truly empower financial inclusion.
The Goldfinch protocol has four core participants: Borrowers, Backers, Liquidity Providers, and Auditors.
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
Key role differences between bakers and senior pool: Backers — Participants who supply junior tranche (first-loss) capital to individual Borrower Pools.
Backers have an incentive to provide first-loss capital to Borrower Pools because they can receive both early Backer rewards and higher effective yields based on the Senior Pool leverage.
Missions
Project creates a decentralized credit platform to help expand access to financial services.
- Build a “credit fund on crypto” that makes off-chain sources of yield available and composable on DeFi.
- Decentralize the network to allow anyone to propose or evaluate loans, not just the Goldfinch team.
- Support smaller and smaller lenders so that anyone can be a lender through the protocol, even individuals.
Investors
The project has already won the hearts of many crypto-enthusiasts.
Continue to follow the news
Goldfinch Flight Academy launched
Goal: Introduce the Flight Academy program, the protocol, and the Backer role
All activities are presented in the discord.
Be sure to take part in the academy!
