Fidu ($FIDU) is a digital receipt representing a liquidity provider's contribution to the Senior Pool of the Goldfinch Protocol. More
| Fully Diluted Valuation | $12.22M |
|---|---|
| 24H Trading Volume | $216 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 46.02 M |
| Total Supply | 46.02 M |
| Max Supply | 0.00 |
| Categories | Ethereum Ecosystem |
|---|---|
| Founder | Aseem Shrey 2 more |
| Website | goldfinch.finance |
| Socials | 3 more |
| Chains | Ethereum Ecosystem |
| Explorer | Arkhamintelligence 2 more |
| Contracts |
0x6a4....700bf
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| Name | Pair | OG Score |
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Goldfinch emerges as a noteworthy contender in the realm of decentralized finance (DeFi), offering a decentralized credit protocol designed to address critical gaps in traditional financial systems. With a stated mission of enhancing access to capital and fostering financial inclusion, Goldfinch presents a novel approach to lending by facilitating crypto borrowing without the necessity of collateral.
Facilitating Capital Access:
A prevalent challenge in traditional and crypto finance alike has been the difficulty many face in accessing capital, particularly in regions with emerging markets. Unlike conventional crypto lending platforms that mandate overcollateralization with crypto assets, Goldfinch introduces an innovative model centered around "trust through consensus." This framework allows borrowers to demonstrate creditworthiness based on collective assessments by participants within the protocol.
Operational Framework:
Goldfinch operates via a network comprising Borrowers, Backers, Liquidity Providers, and Auditors. Borrowers propose Borrower Pools outlining terms such as interest rates and repayment schedules, which undergo evaluation by Backers. Upon approval, Backers provide first-loss capital to Borrower Pools, enabling borrowers to access funds without requiring collateral. Meanwhile, Liquidity Providers contribute capital to the Senior Pool, earning passive yield while supporting lending activities. Auditors play a crucial role in mitigating fraudulent activities by vetting potential borrowers before approval.
Empowering Emerging Markets:
Goldfinch's strategic focus lies in empowering borrowers within emerging markets, where traditional financial infrastructures often prove inadequate. By leveraging the efficiency and accessibility of crypto, Goldfinch is expanding financial access for numerous individuals and businesses across 28 countries. From Mexico to Nigeria, India to Africa, Goldfinch is catalyzing economic growth by facilitating access to much-needed capital for local enterprises.
Future Outlook:
Goldfinch's disruptive potential extends beyond the realm of DeFi, signaling a paradigm shift in global finance. With its emphasis on consensus-based creditworthiness assessment and passive yield generation, Goldfinch is spearheading efforts towards a more equitable and accessible financial landscape. Through sustained commitment to innovation and inclusivity, Goldfinch remains poised to continue reshaping the global financial narrative, offering transformative solutions for borrowers and investors alike.
Goldfinch stands out for its decentralized credit protocol, enabling crypto borrowing without collateral, fostering financial inclusion globally, and expanding access to capital for borrowers worldwide.
Goldfinch was founded by Aseem Shrey, Blake West, and Ethan Beard, bringing together expertise in finance, technology, and decentralized systems to revolutionize lending practices.
Curve (Ethereum)
