Goldfinch (GFI) is a credit protocol that aims to make credit accessible to everyone by eliminating the requirement for crypto collateral. Many conventional lending platforms demand borrowers to overcollateralize their loans with crypto assets, which restricts access to a limited number of people. Goldfinch, on the other hand, operates on the principle of "trust through consensus," allowing borrowers to show their creditworthiness through collective assessments, rather than relying solely on their crypto assets.
Goldfinch is a decentralized credit protocol that aims to democratize access to credit by eliminating the need for crypto collateral. The protocol assesses creditworthiness based on the collective judgment of participants and operates under a community-driven governance model. The Goldfinch ecosystem comprises investors, borrowers, and auditors, and the borrowers' on-chain credit history becomes public to incentivize timely repayments.
GFI' has a total supply of 114,285,714. The current circulating supply of GFI is 29,135,286.
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