GFI, the native token of Goldfinch is a decentralized credit protocol that allows crypto loans to be made without collateral. It was rallying and had reached $3.78 at the time this article was written.
If you want to know more about GFI, what it is, if it’s worth buying, and the best places to buy GFI now, you’ve come to the right place.
GFI top sellers
GFI is a relatively new asset and has yet to be listed on major stock exchanges. GFI can still be purchased via a DEX (decentralised exchange), however, there are additional steps. These are the steps to buy GFI now:
1. Buy MATIC on a regulated exchange or broker, like Binance ›
Binance is one of the most popular multi-asset trading platforms in the world. Binance also offers a wallet and exchange all in one with the lowest fees. It is user-friendly and provides more payment options than any other available service.
2. Send your MATIC to a compatible bank like Trust Wallet, MetaMask
Create your wallet, grab an address and send your coins.
3. Connect your wallet with the SushiSwap DEX
SushiSwap will connect your wallet to you.
4. Now you can swap your MATIC with GFI
Once you are connected, you can swap for hundreds of coins, including GFI.
What is GFI?
By incorporating the principle of “trust through consensus” and using different types of off-chain collateral, the token of the Goldfinch protocol creates a way for borrowers to show creditworthiness based on more than just their crypto assets.
This will allow crypto lending to be made in emerging markets, as well as other areas where crypto can enable financial inclusion.
Liquidity providers provide capital to the Senior Pool. The protocol automatically assigns the Senior Pool the senior tranches to Borrower Pools. Borrowers offer pools that have terms similar to the interest rate for backers to evaluate. Borrower Pools junior tranches receive capital from backers.
Should I purchase GFI right now?
Research is the best way to make informed decisions. You should base your investment decisions on market knowledge, risk-aversion, and the spread of your portfolio. You should also consider how you would react if you lost money.
GFI price prediction
Digital Coin Price forecasts a positive price trend for GFI. They predict the following:
- 2022: From $4.60 to 5.26
- 2023: Starting at $4.98 – $6.09
- 2024: Starting at $4.59 – $6.10
- 2025: Starting at $6.44 to $9.09
GFI’s social media strategy
The drawdowns of @CaurisfinanceThe Goldfinch protocol, which includes Stratos and Almavest Borrower Pools has nearly DOUBLED its active loans to $79M in the past week. pic.twitter.com/kH65dfPBgf
— Goldfinch (@goldfinch_fi) February 25, 2022
