Goldfinch Finance. New credit and financial policy for the 21st century
The advanced Internet project “Goldfinch” is a decentralized protocol that allows you to issue a loan of cryptocurrency assets without crypto collateral. The so-called principle of “trust through consensus” means that the Goldfinch protocol provides the ability to adequately assess the crypto assets of other members of the community based on the availability of crypto assets. A general vote is regarded as a signal for automatic capital allocation.
The project team boldly declares that it is expanding its range of services to a wide range of people seeking the blockchain industry and considering an alternative to the existing banking sector. This is an element of competitiveness, because most of the current crypto lending protocols reflect an exorbitant loan collateral with cryptocurrency
Strong Leverage Principle
The variant of such leverage determines how much capital the senior pool allocates to each pool of borrowers, depending on how much it “trusts” each pool from the respective sectors of borrowers.
@goldfinch_fi
In this project, instead of interchangeable tokens, systems and communities of borrowers use a fresh and very promising direction of the NFT crypto world. The reason for this is to ensure that no one can repurchase more than a proportionate share of the total payout as they come in.
The transparency of such a business, which requires special trust from clients, is manifested through consensus.
This may directly mean that even if in the Protocol system there is no trust in individual members of the structure in the form of an individual sponsor or auditor, then in the end the stake is placed on the collective actions of many of them.
#crypto #money
Accordingly, an upgrade occurs: the more sponsors supply a given pool of borrowers, the more the senior pool increases the leverage increase ratio
Fees and commissions
The system allows participants of a certain circle who interact with borrowers, solely in order to establish reasonable time frames and bring them to the level of the protocol. To compensate for the effort, borrower pools must maintain the creation fee required for the business model, which is paid to the pool creator. Another fee — “registration fee” is defined as a percentage of interest.
#nft #newproject
In order to coordinate incentives to work with capital providers, the sender’s commission is considered the smallest and most profitable. This is a tranche of sorts, so each payment is initially directed towards what is due to the senior pool and sponsors before it goes to the sender’s commission
Join away from the banks!
Social networks of the “Goldfinch Finance” project:
Twitter https://twitter.com/goldfinch_fi
Medium https://medium.com/goldfinch-fi
Telegram https://t.me/goldfinch_finance
