Goldfinch is a decentralized credit protocol that allows anyone to be a lender, not just banks.
Lending is what is lacking in the market at this time to attract as many people around the world to the cryptocurrency market without additional materials
The Goldfinch project is expanding access to capital in emerging markets, where cryptocurrency can really expand access to financial services. Thus, influencing the real world.
The project already has over 10,000 borrowers and this number continues to grow. Currently, this number of borrowers includes thousands of users from all over India, Mexico, Nigeria and Southeast Asia.
Goldfinch project provides stable profitability from 10% +
That is, high-quality borrowers provide the expected 10–14% per annum from real activities not related to cryptography.
How the protocol works?
The protocol works by providing lines of credit to credit companies. These companies use their lines of credit to obtain stablecoins from the pool and then exchange them for fiat and list them in their local markets. Thus, the protocol ensures the usefulness of the cryptocurrency, in particular its global access to capital, while leaving the actual provision and servicing of loans to businesses that are best equipped to do so.
On the investor side, cryptocurrency holders can make deposits to the pool to generate income. When lending institutions return their interest back to the protocol, it is immediately paid to all investors.
This is a brief description of the project and its capabilities, you can find out more about the project on the official website and on social networks.
