Goldfinch

Goldfinch is a decentralized credit protocol built on Ethereum that allows crypto lenders to provide uncollateralized loans to real-world businesses, particularly in emerging markets. GFI is its governance token. Launched in 2022, it aims to bridge traditional lending with DeFi.

Goldfinch uses a 'trust through consensus' model. Participants include backers who provide first-loss capital, liquidity providers who supply funds, and borrowers. Instead of requiring crypto collateral, loans are backed by the reputation and creditworthiness assessed by the community. The protocol uses a tranched structure to manage risk.

The GFI token is the native governance token of the Goldfinch protocol. GFI holders can vote on key decisions, including approving new borrower pools and adjusting risk parameters. This gives the community control over the protocol's development and lending policies.

Unlike many DeFi protocols that require overcollateralized loans, Goldfinch enables uncollateralized borrowing for real-world businesses. It uses a community-based credit evaluation rather than algorithmically enforced collateral. This makes it unique among decentralized lenders.

Goldfinch is currently priced at $0.03264, up 0.99% in the last 24 hours. It is ranked #1450 by market capitalization. Over the past 7 days, GFI is up 11.30%.

Goldfinch has a market capitalization of $2.86M. The 24-hour trading volume is $100,399.43, reflecting the total value of GFI traded across all exchanges in the last day.

There are currently 87.58M GFI in circulation. Goldfinch has a maximum supply of 114.29M GFI, meaning no more than this amount will ever exist.