5min chapter

The Defiant - DeFi Podcast cover image

Goldfinch Founders Talk Triple-Digit Growth and UX Upgrades in DeFi

The Defiant - DeFi Podcast

CHAPTER

How Goldfinch Works

Goldfinch is built on Ethereum and it's a protocol. The borrower will come to the platform and they say here's an amount of money that we want to borrow, then there are the investors who evaluate that borrower based upon the information they're sharing this off chain collateral. Then these backers vet the deal and they supply capital directly to those borrowers got it okay? Is there an initial vetting process on the side of goldfinch where like the investors are on their own to vet the deals or do you guys make sure that terms are set completely by individuals ? We have also started a community driven uh credit memo program which is where really experienced credit analysts will also evaluate these deals

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