Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: EAA-ALLAH on June 16, 2021, 07:07:00 PM
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Despite the slump in cryptocurrency prices, the number of firms raising in the decentralized finance (DeFi) market has continued to pick up. Lending protocol Goldfinch offers the latest example. The project announced Wednesday the completion of a $11 million fundraise led by venture capital investment giant a16z. The firm, which has grown by 2.5x over the last few months, provides borrowers the ability to take out an under-collateralized loan — a unique offering in a market where borrowers typically have to post more collateral than they want to borrow. I'm not used to dealing with this many zeros," said Mike Hall, a former Coinbase product analysis. Hall co-founded Goldfinch with Blake West, who also spent some time at Coinbase as a backend engineer. While the DeFi market has typically been associated with rogue bands of retail traders, Goldfinch is wooing an array of institutions to help build out its platform. The three-sided market is made up of borrowers looking for capital, liquidity providers, and backers of the loans. It's being examined by credit funds managing billions that are looking to lend and financial technology firms that are looking to borrow.Source (https://cryptonews.net/816755/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)