Goldfinch: 78% |
Review Date: March 2nd, 2021
Goldfinch is a protocol building one of the biggest missing pieces of DeFi: loans without collateral. It started from an observation: 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. Goldfinch is proceeding step by step, as their first phase aims to build a credit fund on crypto making off-chain sources of yield available on DeFi, followed by a second phase focused on decentralizing the network allowing anyone to propose or evaluate loans, and finally a third phase with the objective of allowing even small lenders to take
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