Goldfinch protocol is a decentralized lending mechanism that doesn’t require the borrowers to show any kind of collateral. Instead, Borrowers propose a loan to take and ask Backers and Auditors for approval. If a proposal collects enough support from them, the loan is issued. The Borrower accesses capital without any collateral, and Liquidity Providers, Backers and Auditors earn interest as a reward.

Goldfinch

Ren Yu Kong

Goldfinch is an on-chain private credit protocol that allows entities, mostly lending businesses and credit funds in emerging markets, to borrow from a variety of KYC’d lenders.

Goldfinch: A Strong Contender in On-Chain Private Credit Markets

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