Introducing the crypto-loan platform: Goldfinch🌱
Crypto lending and crypto loans are not a mystery anymore. Thankfully to the platform Goldfinch, more and more people will soon discover all the benefits of crypto loans without collateral.
It is a decentralized crypto platform that has a tremendous influence on capital in emerging markets and can improve financial incorporation.
The essential thing is that the protocol is already launched, and it is serving thousands of people in different countries (Mexico, India, Southeast Asia, and Nigeria). There are more than ten thousand borrowers, and this number is rapidly growing day after day.
The technology of the borrowing process consists of few steps:
- Liquidity Providers supply their capital to the Senior Pool (in this case, the protocol automatically allocates it to the senior tranches of Borrower Pools).🧐
- After this, Borrowers offer pools (with the interest rate, etc.) for the Backers’ entree.🤝
- Last step: Backers provide funds to the junior tranches of Borrower Pools.
There is a very detailed picture of the whole process on the official website of Goldfinch.🌱
The project can be proud of the partnerships they have with highly reputable lending businesses. Some initial partners are listed on the Goldfinch website as well. And, of course, a lot more exciting partnerships will be announced in the near future.
The Goldfinch team is productively working on the protocol and the platform to make it easily accessible and easy to use.
What is also important to admit, is the fact that Goldfinch is supported by very trusted, world-class investors and advisors. Perhaps, this is your time to join the project, and start building the future right now!
