Backer Transferability

NFTs as a representation of Backer Participation

Once a Backer invests into a pool on the Goldfinch protocol, they receive a non-fungible token (NFT) that represents their investment into the pool. It is important to note that this NFT will be freely transferable to any other Backer.

This could mean the Backers in your borrower pool are likely to change during the life of the loan (e.g. backers trade their loans)