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Ethereum-based little-known altcoin grows rapidly after unexpected listing on cryptocurrency exchange Coinbase
The DeFi project Goldfinch Protocol (GFI) aims to fill a niche in the decentralized finance space by offering unsecured loans in the form of cryptocurrency:
“The vast majority of borrowers in the world are now unable to take out loans in the DeFi sector, because a significant collateral in cryptocurrency is required. By removing this requirement, the Goldfinch protocol will open up a whole new level of opportunity for borrowers and help cryptocurrency enter the global debt markets. “
Goldfinch plans to focus on the developing economies of Africa, Asia, Central and South America. The project recently raised $ 25 million in venture funding and was spearheaded by renowned Andreessen Horowitz.
The GFI token serves many functions, including management, staking, grant payments, and member incentives.
Since its launch, the altcoin course has managed to survive a real “roller coaster”. Immediately after the appearance, the GFI rate soared from $ 15.73 to a maximum of $ 32.94 (more than 100%). However, a few hours later, it fell to $ 7.58 and is now back to the level of about $ 15.
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