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Description

Fortress allows investors to engage in lending and borrowing cryptocurrencies by providing an overcollateralized amount of crypto to the platform. This system empowers investors to lend their assets while earning a compounded annual percentage yield (APY), funded by those who borrow. The platform operates using money markets, which are collections of assets that feature algorithmically determined interest rates that fluctuate based on supply and demand. Users can lend or borrow assets on Fortress and either gain or incur interest without the need to negotiate terms such as maturity dates, interest rates, or collateral with others. Additionally, Fortress enhances its offerings by introducing a synthetic stablecoin known as FAI, which further diversifies the financial opportunities available to its users. This innovative approach simplifies the lending and borrowing process, making it accessible and efficient for all participants.

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.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

MetaMask
BNB Smart Chain (BSC)
Polygon (Matic)

Integrations

MetaMask
BNB Smart Chain (BSC)
Polygon (Matic)

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

Fortress Lending

Website

fortress.loans/

Vendor Details

Company Name

Goldfinch

Website

goldfinch.finance/

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