DeFi protocol Goldfinch backed by Coinbase Ventures and a16z, used social trust for uncollateralized loans to businesses in Africa and…

Rickler Feed (@rickler_feed), Jun 20, 2026, 13:43 UTC

DeFi protocol Goldfinch backed by Coinbase Ventures and a16z, used social trust for uncollateralized loans to businesses in Africa and Asia, promising around 10% yields. Morra lost most of his 2021-2022 deposits amid defaults and restructurings, with $53.8 million in troubled loans and an official 19.95% loss rate that he claims exceeds 70%. - 𝕏/@edwardmorra_btc 🏷️ Coinbase, DeFi, a16z 🕵️ @JLJohn

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