Friday
February 5
2021

Two Former Coinbase Employees Are Building a DeFi Lending Protocol for Emerging Markets

By Michael McSweeney

A pair of former Coinbase employees are launching a new protocol that aims to advance one of the DeFi space’s primary use cases — decentralized lending — in the world’s emerging markets.

Goldfinch, which has raised $1 million from a group of industry stakeholders that includes Kindred Ventures, Coinbase Ventures, IDEO CoLab Ventures and Dragonfly Capital co-founder Alex Pack, is the brainchild of Mike Sall and Blake West. Sall previously worked as Coinbase’s head of product analytics and West was a senior backend engineer for the crypto exchange. The two departed Coinbase last summer to begin building out Goldfinch.

Source: The Block (link opens in a new window)

Categories
Finance, Technology
Tags
cryptocurrency, emerging markets, financial inclusion, lending, stablecoin, startups