What is Goldfinch?
Goldfinch is a decentralized credit platform that allows people around the world to borrow cryptocurrency without collateral. At Goldfinch, anyone can borrow or lend the way banks do through DeFi.
Many lenders such as PayJoy in Mexico, QuickCheck in Nigeria have joined Golfinch and implemented it for their clients. Up to now, more than 1 million USD has been used by customers of the above units using Goldfinch's services with almost instant approval and disbursement time.
How does Goldfinch work?
Goldfinch targets 4 main audiences: Borrowers, lenders, liquidity providers and auditors.
Liquidity Providers will provide capital to Goldfinch Pools. The protocol automatically allocates into Senior Pools for the group of people who need to borrow.

Liquidity Providers
Borrowers will propose to the Borrower Pools group on terms such as interest rates, periodic payment periods for the community to evaluate.
Borrowers
Backers will conduct funding for small branches of Borrower Pools.

Backers
The protocol works by extending credit lines to lending businesses. These businesses will use their line of credit to withdraw Stablecoins from Borrower Pools and then they exchange it for Fiat currency and deploy it locally. In this way, the protocol will allow businesses around the world to have access to the above form.
In addition, crypto asset holders can deposit them into pools to earn additional profits. And people needing loans will be disbursed immediately if the majority of the community approves.
How Goldfinch Works
Highlights of the Goldfinch project
Goldfinch is a decentralized protocol that allows borrowing of cryptocurrencies without collateral like Compound and Aave. In addition, with the Goldfinch protocol, the amount borrowed will be based on the credit rating assessed by the collective rather than on their crypto assets.
Global Expansion: Goldfinch has access to capital anywhere around the globe.
Increasing number of borrowers: This protocol has served thousands of borrowers around the world such as India, Mexico, Nigeria and Southeast Asia.
More than 10% Interest: Those who deposit in Pools will receive interest from 10% to 14% APY.
Goldfinch's development roadmap
Stage 1: Build a “crypto credit fund” that generates real-world profit sources and is aggregated on DeFi.
Stage 2: Allows anyone to recommend or rate loans, not just the Goldfinch team.
Phase 3: Support all subjects, including small lenders.
Goldfinch's project team & investors
Project team
The project's development team includes the following members: Andrew Huelsenbeck, Blake West, Ian Hinsdale, Mark Hudnall, Michael Sall...

Goldfinch project team
Investors
Goldfinch has raised US$11 million from many major investment funds such as Andreessen Horowitz (a16z), Coinbase Ventures, Mercy Corps Ventures, A Capital, SV Angel, Access Ventures, Divergence Ventures, DeFi Alliance, Draft Ventures, Balaji Srinivasan , Wale Ayeni, Ryan Selkis, Jason Choi, Josh Hannah, Lisa Cuesta, Viktor Bunin…

Investors of Goldfinch
Overview of the FIDU . token
What is FIDU?
FIDU is the official token of the Goldfinch project. This token holder has the right to participate in the system administration process as well as they can contribute ideas to help the developer build the Goldfinch project.
Basic information about the Goldfinch token
- Token Name: Goldfinch
- Ticker: FIDU
- Blockchain: Ethereum
- Token Standard: ERC-20
- Token Type: Governance
summary
Thus, TraderH4 has just provided readers with all information about the Goldfinch project and the FIDU token. Currently, the project is focusing on following the development roadmap. Through the above article, hopefully you have been able to judge the potential of the project in the future to make the right investment decision for yourself.