Hi there. I’d like to introduce an exciting and promising project that has already been launched in several countries around the world. It is called
Goldfinch. This is a decentralized protocol which enables you to borrow cryptocurrency without any collateral. Scammers have already started to think hard on how to get rich at the expense of the Goldfinch company based on trusting people. Yet, it is not that simple to cheat the Goldfinch protocol.
The Goldfinch team has already implemented and tested this program to see how well it works when operating. Various instruments and mechanisms of lending have been created. Here we go.
The Goldfinch has a protocol with 4 main participants:
Borrowers, Backers, Liquidity Providers and Auditors.I don’t think I need to explain who
Borrowers are, right? But as for the rest of them I will provide an explanation related to how they interact within the protocol scheme.
Investors are those participants who evaluate the background of borrowers: they check the company's papers to clarify various points they need to know and, eventually, decide whether to provide them with capital or not. After investors provide the capital, borrowers can borrow it and repay their loan. It is worth noting that if investors do not do a qualitative check of the borrower’s background, they will lose their issued capital when lending it to the borrower in question.
Liquidity Providers are those participants who provide capital without bothering about things like checks etc.
Auditors are those participants who vote to approve of the borrowed capital beforehand. It is just that Borrowers cannot borrow any capital without their approval. Auditors are chosen by protocol at random and they are responsible for protecting the protocol against fraud.
So you can see that the way the program is designed by the Goldfinch team is simple and it does work. The Goldfinch team are the first to give loans in stablecoins without any collateral.
Check this out. Such companies as
Quick Check (Loan consumers in Nigeria),
Aspire (Working capital loans to SMEs in Southeast Asia),
ALMA (Financing to inclusive lenders globally) are making already profits due to the Goldfinch protocol. The Protocol is especially beneficial for economically developing countries, where this service simply does not exist and if it does it is almost next to impossible to get a loan.
My description is too short to enlighten a person who does not know much about finances. But you can dive deep into the project by visiting the site of an excellent educational program Flight Academy which fills you in on any detail. Don’t waste your time. Join us ASAP!
https://www.youtube.com/channel/UCrun7_MCTulBSMz7NUWDMjw
https://goldfinch.finance/
