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Goldfinch V1 Documentation
Goldfinch V1 Documentation
  • Introduction
  • Goldfinch Overview
  • Protocol Mechanics
    • Glossary of key terms
    • Borrowers
    • Auditors
    • Backers
    • Liquidity Providers
    • Leverage Model
    • Membership
    • Investor Incentives
      • Backer Incentives
      • Senior Pool Liquidity Mining
    • Unique Entity Check
    • Discussion of Fraud Resistance
    • Staking
    • GFI Token
    • Liquidity & LP Withdrawals
    • Default Process
  • Governance
  • Tokenomics
    • Token Launch FAQ
  • Unique Identity (UID)
    • For Users
    • For Developers
    • Unique ID FAQ
  • Borrower Communication
  • Investor How-To
    • Getting Started on Goldfinch
    • Verifying Your Identity
    • Participating in Callable Deals
    • Participating in the Senior Pool
    • Participating in Borrower Pools
    • Participating in Liquidity Mining
    • Claiming GFI Distributions
    • Accessing Borrower Communication Channels
    • Purchasing coverage with Nexus Mutual
  • Borrower Mechanics
    • Raising Capital through Goldfinch
    • Goldfinch's Capital Providers
      • Sample Backer Economics
    • Goldfinch's Borrowers
      • Template Borrower Deal Structures
      • Borrower Case Study
    • Structure and Legal Considerations
      • Cash in and out of Goldfinch
        • Recommended Service Providers
      • Investor KYC / AML Requirements
      • Key Mechanics to Consider
        • Debt Facility Mechanics
        • Transaction Documentation
      • Borrower Senior Pool Participation
      • Backer Transferability
  • Borrower How-To
    • Launching a Borrower Pool on Goldfinch
      • Stage 0: Preliminary Actions and Decisions
      • Stage 1: Deal Structure and Timelines
      • Stage 2: Dataroom Preparation
      • Stage 3: Announcements and Tooling Set Up
      • Stage 4: Borrower Closing
  • General FAQ
  • 🔗Important links
    • Governance Portal
    • Developer Docs
    • Protocol Data Dashboard
    • Borrower Impact Data
    • November 2021 Audit
    • Immunefi Bug Bounty
    • Github
  • 🔗Connect
    • Discord
    • Twitter
    • Medium
    • Weekly Updates
    • Backer Launch Updates
    • Telegram
    • Youtube
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  • Bringing real-world investment to DeFi
  • Starting with emerging markets

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Introduction

What is the Goldfinch Protocol, and why does it matter? Goldfinch’s documentation is community-driven.

NextGoldfinch Overview

Last updated 2 years ago

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Bringing real-world investment to DeFi

Goldfinch is a decentralized, globally accessible credit protocol, with a mission to bring the world’s credit activity on-chain while expanding access to capital and fostering financial inclusion.

The protocol makes crypto loans without requiring crypto collateral—the missing piece that finally unlocks access to cryptocurrency capital for most people in the world. By incorporating the principle of trust through consensus Goldfinch creates a way for borrowers to show creditworthiness based on the collective assessment of other participants, rather than based on over-collateralizing with crypto assets.

This provides the basis for establishing an immutable, on-chain credit history, a core foundation of any scalable lending model and a primitive that is missing in a meaningful way for many growing markets globally.

The protocol then uses this collective assessment as a signal for allocating capital. The decentralized community of Goldfinch investors make loans to businesses who drive economic growth in their regions, starting with those in emerging markets. Currently, all loans on Goldfinch are fully collateralized with off-chain assets.

By removing the need for crypto collateral and providing a means for automatically distributed yield, the protocol dramatically expands both the potential borrowers who can access crypto and the potential investors who can gain exposure.

Starting with emerging markets

From the beginning, Goldfinch wanted to build for the borrowers who can benefit most and where crypto can have the greatest impact. That meant starting with lending businesses in emerging markets. Demand for crypto’s liquid, multinational nature is high in those regions, as businesses stand to gain many benefits from using crypto due to the inefficiencies and barriers of traditional finance limiting the capital that can flow into these regions.

Goldfinch is currently expanding financial access for thousands of individuals around the world via its Borrowers, spanning over 28 countries. Some of Goldfinch’s Borrowers include in Mexico, in Nigeria, and in LatAm, through in India, and in Africa, Asia, and Latin America. You can view more Borrower Pools.

Read on to the for a more detailed explanation of the protocol and how it works. You can learn more about Goldfinch’s mission and vision in .

For a deeper technical dive into Goldfinch’s code, smart contract configuration, security, and other technical features, view the

PayJoy
QuickCheck
Divibank
Addem Capital
Greenway
Almavest
Cauris
here
Goldfinch Overview
The Goldfinch Manifesto
Goldfinch Developer Documentation site.