Hello everyone. I would like to share information about an interesting project. This is the Goldfinch project. A short description of the project below.
Goldfinch is a decentralized protocol that allows borrowing in cryptocurrency without cryptocurrency backing.
The main limitation of the current cryptocurrency lending protocols is that they require excess collateral with cryptocurrency. , which prevents the vast majority of borrowers in the world from participating. By incorporating the principle of “trust through consensus,” the Goldfinch protocol gives borrowers the ability to demonstrate creditworthiness based on the collective assessment of other participants, rather than based on their cryptoassets.
The protocol can then use this collective assessment as a signal for automatic capital allocation. By eliminating the need for cryptocurrency backing and providing the means for passive profitability, the protocol greatly empowers both potential borrowers who can access cryptocurrency and potential capital providers who can access.
What I like about Goldfinch.
Goldfinch Finance is a decentralized lending protocol that occupies the DeFi niche of “unsecured loans”. The creation of this kind of platform is another step towards opening up access to cryptocurrencies around the world! Thanks to the decentralized approach, now everyone can become a lender and earn passive income from this, not just a bank.
I recommend everyone to take a closer look and join this project. Moreover, you can still have time to become a member of Flight Academy. Flight Academy is an academy for a community that wants to become smarter and richer)
If you want to know more about the project, follow the links. We’ll meet there . Good luck)