I would like to tell about the GoldFinch project!

Romualds Bahvalovs
1 min readSep 27, 2021

Breakthrough in crypto lending world.

Goldfinch protocol creates a way for borrowers to show creditworthiness based on the collective assessment of other participants, to do this, you do not need to give away other crypto assets. For example, you can offer business plan as evidence your creditworthiness.

The Goldfinch protocol has four core participants: Borrowers, Backers, Liquidity Providers, and Auditors.

Borrowers are participants who seek financing.
Backers assess the Borrower Pools and decide whether to supply first-loss capital.
Liquidity Providers supply capital to the Senior Pool in order to earn passive yield.
Senior Pool uses the Leverage Model to automatically allocate capital to the Borrower Pools.

Borrowers are participants who seek financing from the protocol. They propose terms to Backers to supply capital to their Borrower Pools.

Goldfinch launched Academy Program where everyone can participate!

website : goldfinch.finance

twitter: @goldfinch_fi

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