Goldfinch (GFI) is a crypto token on the Ethereum blockchain.
It was launched only last year, and its performance in the market has been very disappointing from the start.
Specifically, GFI is the governance token for Goldfinch, which is a DeFi project that aims to make decentralized loans more accessible through collateral that can reside both on-chain and off-chain.
Goldfinch (GFI) crypto
The Goldfinch project claims to make it possible to earn interest by lending cryptocurrencies to real businesses.
Right now it claims more than $101 million in loans already disbursed, currently yielding 7.8% APY on USDC.
It also claims to have disbursed more than $100,000 in interest in the last month alone.
This interest, according to the project’s official website, comes from loans disbursed in the real world, and the investments are collateralized off-chain. In this way, Goldfinch’s loans are very different from classic, highly volatile DeFi loans.
Website also states that the project is ba
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