Goldfinch

Hi all, today I want to take apart Goldfinch with you and how it differs from other lending platforms!

Nowadays, the industry of decentralized finance is developing at a tremendous pace and at the moment it includes many different categories of protocols. One of these categories is credit protocols, which allow borrowing secured by cryptocurrencies. However, such projects are not very popular with borrowers, since in order to obtain a loan in such protocols, it is required to provide excessive collateral.

And so, the very first thing that catches your eye and distinguishes Goldfinch from other projects:

DeFi (decentralized finance) opens up a completely new and perfect lending platform.

As we know, DeFi gives the user the ability to borrow or take out a loan without checking personal information, credit history, and even without a bank account.

2. CREDIT FUNCTION IN CRYPTOGRAPHY

everything is obvious here, but I want to say that not all platforms are currently well-developed, and 100% provided with technologies.

3. LIQUIDITY POOL

on other lending platforms, there is 1 liquidity pool, but on Goldfinch the pool was divided into 2 parts. thus, large sums are invested in the first part (junior trench), and have a large percentage of profitability, and the second part is activated after a larger number of sponsors (senior trench) and now anyone can invest here, however, each of us! for a company loan

4. SOLUTION FOR ALL PARTIES

As a result, Goldfinch solved the problems on both sides, for borrowers, it removed the need for tax, and for sponsors the opportunity to make big money.

Concluding Goldfinch is a protocol that fills one of the biggest gaps in DeFi — unsecured lending — and differs from other lending platforms. I would also like to add that the Protocol was launched in December in partnership with reputable credit companies: PayJoy in Mekis, QuickCheck in Nigeria.