#Memecoins #GFI #BullorBear #Memecoins

Goldfinch (GFI)

Part of the hot real-world assets (RWA) narrative, Goldfinch (GFI) is a decentralized lending protocol that facilitates crypto borrowing with off-chain collateral, focusing on emerging markets. The project involves two native tokens, $GFI and $FIDU, both following the ERC20 standard, with $USDC being the sole currency for investments and loans.

Goldfinch aims to bring real-world investments to DeFi by providing sustainable APYs from businesses globally, offering options to optimize for yield or ease, and ensuring liquidity with tailored choices. The protocol stands out by making crypto loans without requiring crypto collateral, enabling access to capital for businesses without the need for over-collateralization with crypto assets.

Goldfinch’s lending model involves four core participants: borrowers, backers, liquidity providers, and auditors. Backers play a crucial role by providing first-loss investment on secured loans to borrowers, backing the ones they believe in, and earning the protocol’s highest yields.

Its current market cap is around $140 million