Hello guys, nice to be here with you again :)
Today I would like to speak with you about Goldfinch. But first I want to ask a question, who do you know about it? Did you ever think that Goldfinch might be a platform for crypto loans? — No? — Then sit down and read it carefully.
Goldfinch Finance is decentralized credit platform for crypto loans without any collateral. This is the missing piece that finally unlocks crypto lending for most people in the world.
Small off top, I’m already participating and invested a relevant amount of money in Senior Pool ☺️
Does it sound good? — Then let’s continue 😏
Let me introduce you the most important information about Goldfinch:
- It expands access to capital in emerging markets where crypto can truly empower financial inclusion.
- The protocol is already serving thousands of borrowers across India, Mexico, Nigeria, and Southeast Asia. And as per latest information borrowers are around the world now.
- High-quality borrowers provide expected 10–14% APY from real-world activity uncorrelated with crypto.
By the way, Goldfinch launched Take Flight event, more info you can find on the bottom of the article 👌
SO, how does Goldfinch works??? 😉 Liquidity Providers supply 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.
Full whitepaper can be found in here.
To build a decentralized credit platform that empowers financial inclusion. Goldfinch team strongly believe in vast untapped lending potential in the world. It’s expensive to be a bank today, and this limits the kinds of lenders that can operate. But there are thousands if not millions who could lend with the right system. Team is building a platform that empowers anyone to be a lender, not just banks.
About Goldfinch Team:
Andrew Huelsenbeck, Head of Operation.
Previous Director of Global Operations at Branch International
Previously Senior Engineer at Coinbase, First Employee at Hint Health
Previously Founder at Giraf; Engineering at Optimizely; Research at IMF, The World Bank
Previously Staff Engineer at Coinbase, Engineering at Twilio, Cofounder & CTO at Clef
Previously Head of Product Analytics at Coinbase, Head of Data Science at Medium
Previously Cofounder & CEO at Fibre, Investment Banking at Morgan Stanley
Founding Team Member
Managing partner at Stratos Technologies
Chief Investment Officer
Previously Principal at Lendable, Credit Risk at Goldman Sachs
Previously Staff Engineer at Coinbase, Engineering at Yelp
Guys! My strong recommendation is to follow Goldfinch on all social medias and invest in the project!
And Desert — The Goldfinch community is thrilled to announce the launch of the Flight Academy — a program for Backers to learn and teach one another about global debt capital markets. More details on the program and how to get involved here.
Thanks for being here! And see you soon 😅🤘