Difference of GoldFinch from usual DeFi projects

Данил Усов
2 min readSep 27, 2021

Hello everyone!
In this article, I would like to share my thoughts on the differences between the GoldFinch project and other DeFi protocols in the blockchain world.
So, if you have been following the world of blockchain and cryptocurrencies for several days, you have probably already heard about DeFi projects, I will not dwell on them in detail, those who wish can easily familiarize themselves with this on the Internet, I will just say briefly: DeFi is financial instruments in the form services and applications created on the blockchain.
The main problem, in my opinion, is the connection of these projects with the real world. For many crypto enthusiasts, this is certainly not a problem, but what should big investors, serious startups and other companies do if they want to take loans in the crypto world?
What you will have to face:
- find a trusted site for a loan
- understand how it works
- make sure that current legislation is not violated
- get a loan secured by cryptocurrency assets
This gives rise to a number of additional difficulties — an employee or even several is needed in order to understand how the world of cryptocurrencies works, is it possible to trust the site, there are just a lot of problems!
These are significant difficulties, due to which companies do not go for loans in the world of cryptocurrencies.
But the world is developing dynamically, and the DeFi sector and the crypto world in general, faster than you might imagine.
Meet GoldFinch!
Goldfinch is a decentralized protocol that allows unsecured loans in cryptocurrency.
In other words, companies and startups will work in their usual information field, they will not have to inflate the state and dive into the unknown world of cryptocurrencies.
It is only necessary to assure of solvency and reliability, show real goals and not try to cheat when borrowing! Of course, you will need to agree and settle a number of technical issues, but this is not immersion in a new cryptoworld.
Briefly summarizing, Goldfinch is a bridge connecting the crypto world and our familiar world! The cryptomir, slightly divorced from reality, is now so necessary.
This is the first of a series of articles that I plan to share.
Stay tuned for updates and you may discover a lot of interesting things!

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