Goldfinch is a borrowing protocol based on the Ethereum network, consisting of 4 core components:
For conventional borrowing protocols, in order for users to participate in borrowing crypto assets, an overcollateralization is required. This will help select borrowers with a high level of loan repayment ability.
However, Goldfinch's operating mechanism is based on trust through consensus, which means that users need to prove their credibility based on an assessment of the level of commitment for transactions. previous translation.
Goldfinch will use this assessment as a toolkit to automatically allocate funds to borrowers. By eliminating collateral and providing a means of generating passive income, Goldfinch is rapidly expanding in both its borrower base and tapping into the potential of Liquidity Providers
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