What is Goldfinch (GFI)

A core limitation of current crypto lending protocols is that they require overcollateralization with crypto, which prevents the vast majority of borrowers in the world from participating. By incorporating the principle of “trust through consensus”, the Goldfinch protocol creates a way for borrowers to show creditworthiness based on the collective assessment of other participants rather than based on their crypto assets.

The protocol can then use this collective assessment as a signal for automatically allocating capital. By removing the need for crypto collateral and providing a means for passive yield, the protocol dramatically expands both the potential borrowers who can access crypto and the potential capital providers who can gain exposure.

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

Details

Raised: 36,000,000 USD

Legal

Blockchain Platform: Ethereum
Registration country: United States
Registration year: 2020

Token info

Ticker: GFI
Type: Utility-token
Token standard: ERC20
Accepted currencies: USDT
Token distribution:
Liquidity Providers – 16.2%
Backers – 8.0%
Auditors – 3.0%
Borrowers – 3.0%
Contributors – 0.65%
Community Treasury – 14.8%
Early and Future Team – 28.4%
Warbler Labs – 4.4%
Early Supporters – 21.6%