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Description

The protocol enables cryptocurrency loans without requiring any crypto assets as collateral. This innovation is the crucial element that finally makes crypto lending accessible to a larger segment of the global population. Through the Goldfinch community, loans are provided to businesses around the globe, particularly focusing on emerging markets. Goldfinch aims to broaden the availability of capital in these regions, where cryptocurrencies can significantly advance financial inclusivity. By utilizing the concept of trust built through consensus, the Goldfinch protocol allows borrowers to demonstrate their creditworthiness based on the shared evaluations of other users, rather than relying solely on their cryptocurrency holdings. This collective evaluation serves as a key indicator for the automatic distribution of funds. By eliminating the necessity for crypto collateral and offering a means for generating passive income, the protocol significantly increases the number of potential borrowers able to access cryptocurrency solutions, as well as the array of capital providers seeking investment opportunities. Ultimately, this model fosters a more inclusive financial ecosystem that benefits a diverse range of participants.

Description

Engage in trading across all on-chain platforms, including order books, while maintaining control over your assets. Enjoy permissionless access with leverage options of up to 5x. You can generate interest from your deposits and secure fully collateralized loans using your current holdings. The risk management system of the Mango protocol enables you to withdraw your borrowed funds efficiently. Mango aims to combine the liquidity and user-friendliness of centralized finance with the cutting-edge innovations found in decentralized finance. Our entire project is accessible as open source, inviting anyone to utilize and enhance it. Each component of the Mango protocol is designed to be transparent and collaborative. You can run, modify, and contribute to this community-led initiative. Liquidators play a vital role in safeguarding lenders' capital, ensuring that protocol assets remain secure even amidst rapid market fluctuations and potential borrower defaults. Discover the principles of market making on the Mango protocol and earn $MNGO as a reward for providing liquidity to traders on Mango Markets. New contributors are always encouraged to join us! We pledge to allocate a significant share of the DAO's power and resources to those who contribute in the future, fostering a robust and equitable community.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

MetaMask
Phantom
Serum DEX
Solana
Switchboard

Integrations

MetaMask
Phantom
Serum DEX
Solana
Switchboard

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Goldfinch

Website

goldfinch.finance/

Vendor Details

Company Name

Mango

Founded

2020

Website

mango.markets/

Alternatives

Alternatives

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