Quote from: TheVeteranAngel on March 29, 2024, 03:21:37 PM

Lending and borrowing of crypto assets has become an integral part of Defi over the last few years however, most of the platforms are faced with one issue or the other.

One of the major concerns especially from the borrowers has been the issue of over- collateralized loans with on-chain asset but am excited to announce to you all that this challenges has been taken care of by Goldfinch.

One of the unique standing point of Goldfinch is its unique credit model "trust through consensus" that evaluates borrowers creditworthiness based on their past behavior. In addition to this unprecedented approach, Goldfinch also accept off-chain assets and income as collateral marking a departure from the crypto lending norm.

With over $100M loans facilitated as far back as April 2023, Goldfinch has gained the heart of many crypto lovers and the company currently operates in over 28 countries including the U.S. A, Brazil, Mexico Asia, Nigeria and several others with goal of expanding to over 100 countries.

With Goldfinch, the issue of funding delays, Gatekeepers as evident in the traditional banks is eliminated giving users assess to the needed resources when it matters most. Similarly, LP enjoy an amazing passive income while borrowers enjoy incredible flexibility on their borrowed assets.

The native token of the Goldfinch GFI has witnessed incredible growth with potential to reach an unprecedented height as adoption continues to be on the rise. GFI has seen over 226% surge in the last 30 days with TVL exceeding $500M. The recent listing on other top CEX like Bitget indicates the demand and interest in the token which could further propel it to a new height.

With GFI use cases, I think it's a matter of time before the traditional bank losses its value especially with bogus interest rates charged for borrowing. Am super excited about Goldfinch growth and hope they keep the momentum going. What are your thoughts? Let's have your take.

Before considering a loan app to be the best, there are some quality you need look at for and they includes the following
1. Automation of contracts: automation of contracts is a very important aspect to look into before recommending a crypto loan platform because most platforms still uses smart contract, Self moderated contracts, where the terms of the contract are written into code, enhancing the security of lending process.

2. System valuation: most of these platforms often monitor the values of the pledged crypto , and when they notice the value has dropped they will call the borrower to come add collateral,

3. Vast lending options: some lending options provide interesting rates, good durations, loan to value ratios, ensuring the security of a borrower's collateral.
After putting all this into consideration I will recommend Youhodler as one of the best crypto loan app,