Amalkerhttps://teletype.in/atom/amalker012026-10-22T21:52:40.988Zamalker01:CPX7cBFdQEF2021-09-21T14:43:55.459Z2021-09-21T14:43:55.459Z

<img src="https://img3.teletype.in/files/2f/21/2f21ed8a-c0d3-4ecb-8dc6-0aba4bee9dc6.png">Goldfinch is a new decentralized credit platform, which offers crypto loans without collateral.

<figure id="nlTx" class="m_column"> <img src="https://img3.teletype.in/files/2f/21/2f21ed8a-c0d3-4ecb-8dc6-0aba4bee9dc6.png" width="1080" /> </figure> <h2 id="7HsB">Why Goldfinch? There is a several reasons.</h2> <h3 id="ToOf">1. Loans without collateral</h3> <p id="TN5a">Goldfinch is a new decentralized credit platform, which offers crypto loans without collateral. </p> <p id="cJhU">Why without collateral? </p> <p id="BcNv">If someone today wants to borrow some funds from any Defi service, they must put their own assets in (for example 1:1.5 proportions). Breaking this requirement will bring a massive growth of all crypto Defi markets. Also, it will give access to the capital for a huge amount of borrowers, which today can&#x27;t use loans because they have not enough funds for collateral.</p> <h3 id="gzI6">2. Protocol</h3> <p id="pgrw">Goldfinch team already developed their own protocol. The protocol allows you to become a <strong>Borrower</strong> and get stablecoins from the pool and use this capital for growing your business. Also, there is an opportunity for investments to deposit stablecoins into the Senior pool and <a href="https://app.goldfinch.finance/earn" target="_blank">earn</a> yield and become a <strong>Liquidity Provider.</strong></p> <p id="lILZ"><u>Scheme how the protocol works.</u></p> <figure id="sOXm" class="m_retina"> <img src="https://img2.teletype.in/files/d7/2b/d72b4a63-fe77-4d88-90c7-d4d2913f288d.png" width="433" /> </figure> <figure id="fUfH" class="m_retina"> <img src="https://img3.teletype.in/files/e9/8f/e98f2232-3bc1-424d-91b0-b98488da3527.png" width="433" /> </figure> <p id="Vmyl"><strong>Liquidity Providers</strong> supply the capital to the Senior Pool. The protocol automatically allocates the Senior Pool to the senior tranches of Borrower Pools.</p> <p id="s9YV"><strong>Borrowers</strong> propose pools (with terms like the interest rate) for the Backers to assess</p> <p id="aUqt"><strong>Backers</strong> supply capital to the junior tranches of Borrower Pools.</p> <h3 id="YwN7">3. Highly reputable partners</h3> <p id="vZGw">Goldfinch already has highly reputable partners in the loan business, like PayJoy in Mexico or Almavest in Mexico/Singapore/India. First of all, Goldfinch is targeting emerging markets, where loans are more in demand.</p> <figure id="zkqz" class="m_custom"> <img src="https://img1.teletype.in/files/c2/ba/c2bacb51-f36f-4d14-9b41-6c29b1a90501.jpeg" width="183" /> <figcaption>PayJoy</figcaption> </figure> <figure id="N9Zf" class="m_custom"> <img src="https://img2.teletype.in/files/51/68/5168fb41-5d74-4959-bafe-69d7f9cd2704.png" width="180" /> <figcaption>Almavest</figcaption> </figure> <p id="oINi">Goldfinch looks promising. I will follow their development.</p> <ul id="OyNE"> <li id="OL0x"><a href="https://goldfinch.finance" target="_blank">Website</a></li> <li id="Bk8c"><a href="https://discord.gg/P8zJtUgH" target="_blank">Discord</a></li> <li id="4iRG">Join <a href="https://goldfinchfinance.notion.site/Goldfinch-Flight-Academy-ab749e181d514ce08160ba5e688c874f" target="_blank">Flight Academy</a></li> </ul>