Why Goldfinch? There is a several reasons.

1. Loans without collateral

Goldfinch is a new decentralized credit platform, which offers crypto loans without collateral.

Why without collateral?

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't use loans because they have not enough funds for collateral.

2. Protocol

Goldfinch team already developed their own protocol. The protocol allows you to become a Borrower 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 earn yield and become a Liquidity Provider.

Scheme how the protocol works.

Liquidity Providers supply the 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.

3. Highly reputable partners

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.

Goldfinch looks promising. I will follow their development.

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