GFI is the native token of Goldfinch, a decentralized credit protocol for crypto loans without crypto collateral. At the time of writing, it was rallying and had reached a price of $3.78.
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.
Top places to buy GFI now
As GFI is such a new asset, it’s yet to be listed on major exchanges. You can still purchase GFI using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy GFI right now, follow these steps:
1. Buy MATIC on a regulated exchange or broker, like Binance ›
We suggest Binance because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your MATIC to a compatible wallet like Trust Wallet or MetaMask
You’ll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the SushiSwap DEX
Head to SushiSwap, and ‘connect’ your wallet to it.
4. You can now swap your MATIC for GFI
Now that you’re connected, you’ll be able to swap for 100s 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 unlock crypto lending in emerging markets and in other places where crypto can empower financial inclusion.
Liquidity providers supply capital to the Senior Pool. The protocol automatically allocates the Senior Pool to the senior tranches of Borrower Pools. Borrowers propose pools with terms like the interest rate for the backers to assess. Backers supply capital to the junior tranches of Borrower Pools.
Should I buy GFI today?
Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also consider how you would feel about losing money.
GFI price prediction
Digital Coin Price predicts a positive price trajectory for GFI. Their forecast is as follows:
2022: from $4.60 to $5.26
2023: from $4.98 to $6.09
2024: from $4.59 to $6.10
2025: from $6.44 to $8.09
GFI on social media
With the drawdowns of the @Caurisfinance, Stratos and Almavest Borrower Pools, the Goldfinch protocol has almost DOUBLED its active loans in the last week to $79M. pic.twitter.com/kH65dfPBgf
— Goldfinch (@goldfinch_fi) February 25, 2022
The post You can now buy GFI, which gained 22%: here’s where appeared first on Coin Journal.
