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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
Torque offers a robust decentralized finance (DeFi) platform that enables users to borrow assets through loans with no set end date and fixed interest rates. You can quickly secure a crypto-backed loan without the hassle of KYC procedures or credit evaluations. With fixed interest rates, borrowers have clarity on their payments. During market volatility, we ensure that loans remain collateralized and only liquidate collateral when it exceeds the margin maintenance by 10%. We prioritize decentralization in our operations, providing loans without any verification processes, KYC/AML requirements, or credit assessments—your keys and your coins are always yours. Our non-custodial approach allows you to maintain control over your keys and assets. Additionally, our smart contracts have received thorough audits from top blockchain security firms, including ZK Labs and Certik. To address the unique security challenges posed by oracles in a decentralized landscape, we collaborate with leading oracle service providers. Furthermore, we allocate 10% of the interest paid by borrowers to an insurance fund designed to cover instances where undercollateralized loans are not liquidated correctly, ensuring greater security for all participants. This commitment to security reflects our dedication to a safer lending environment in the DeFi space.
API Access
Has API
API Access
Has API
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
Torque
Founded
2017
Country
United States
Website
torque.loans/