This is very cool. "Start lending your USDC to real businesses worldwide." The website is very easy to understand, Whitepaper looks good and the token is less than a year old. Looks like a good buy, so I'll dig deeper into this project.
Whitepaper Outtake:
Goldfinch is a decentralized protocol that allows for crypto borrowing without crypto collateral.
A core limitation of current crypto lending protocols is that they require overcollateralization with crypto, which prevents the vast majority of borrowers in the world from participating.
By incorporating the principle of “trust through consensus”, the Goldfinch protocol creates a way for borrowers to show creditworthiness based on the collective assessment of other participants rather than based on their crypto assets.
The protocol can then use this collective assessment as a signal for automatically allocating capital. By removing the need for crypto collateral and providing a means for passive yield, the protocol dramatically expands both the potential borrowers who can access crypto and the potential capital providers who can gain exposure. Show Less
