Backers - are those who are the first to evaluate a business idea and want to invest initial capital in it, and they form the so-called Junior Pool.
Liquidity providers - are those who form the senior pool, from which funds are further distributed among the pools of borrowers.
There are 4 main roles in the @goldfinch_fi protocol: Borrower - person who borrows money for the business. Auditors - those who do the initial review to make sure you are not engaging in fraud.
The main limitation of existing cryptocurrency lending protocols is that they require excessive collateral in cryptocurrency, which limits the participation of the vast majority of borrowers in the world.
The #goldfinch_fi protocol was launched in December 2020 and has grown from the start, serving thousands of borrowers on three continents with a loan pool of over $ 1 million. This is a huge achievement in such a period of time, and this is just the beginning.
Hello friends! I want to recommend you a new crypto project- @goldfinch_fi
Goldfinch is a Decentralized Protocol (DeFI) that allows you to borrow cryptocurrency and provide liquidity to other borrowers. Let's tell you a little more:
The Goldfinch community is thrilled to announce the launch of the Flight Academy - a program for Backers to learn and teach one another about global debt capital markets. More details on the program and how to get involved here: https://t.co/cYopLrvZa6.
@goldfinch_fi The Goldfinch community is thrilled to announce the launch of the Flight Academy - a program for Backers to learn and teach one another about global debt capital markets. And there will also be an opportunity to earn tokens in case of successful completion!