Why Goldfinch Crypto (GFI) is a unique crypto lending interface?

Goldfinch (GFI) crypto is a unique crypto lending platform that aims to solve problems with DeFi products. DeFi borrowers today need over-collateralization with crypto, but by removing collateral, the GFI token can not only reduce barriers to entry for crypto lending, but also expand borrower capacity .

Thus, as a decentralized credit protocol, it offers users the opportunity to avail crypto loans without the need for collateral. Powered by the Ethereum blockchain network, the GFI token uses consensus trust, which allows borrowers to show their creditworthiness based on their crypto assets.

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In this way, Goldfinch crypto aims to open up the concept of crypto lending in various emerging markets, thereby encouraging financial inclusion. Users have the ability to stake crypto assets without having to worry that their value will exceed the value of the cryptos.

On Friday, the GFI token saw a healthy recovery of over 10% with a volume gain of over 190%. The token, in fact, has had a bull run as it recorded gains of over 87% in the past week.

Why is Goldfinch crypto rallying?

Crypto Goldfinch rallies following news of listing on Anchorage Digital – the premier digital asset platform. This should extend the reach of GFI and can now offer its services to larger institutions as well with this listing.

Also, the Goldfinch crypto just hit a record redemptions of over US$7.3 million in the last 30 days. This highlights Goldfinch’s motto of being a reputable real-world operator with a track record of successful lending activities.

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How is Goldfinch?

The 782nd-ranked GFI token was trading at $3.77 with a 24-hour trading volume of $23,788,709 in 24 hours, according to CoinMarketCap. Although this is a significant decline after hitting its all-time high of US$32.94 on January 11, the recent rally should please market participants.

At the time of writing, the Goldfinch token was up 11.70% with a live market cap of $19,125,128 and 5,072,242 GFI coins in circulation.

Goldfinch volume has been impressive as the recent pattern of things appears to have impacted sentiment among market participants.

Conclusion

Backed by some of the biggest names in the industry such as venture capitalists Andreessen Horowitz, Messari, Coinbase, Ethereum Foundation, and more, the GFI protocol hopes the current rally will last a little longer. But market participants should do their own research before jumping into the crypto market, especially in the current crisis between Russia and Ukraine.

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