As always, here’s a rundown of recent highlights for the protocol, a pulse on the community, and the latest news on new Borrower deals.
This week the community is particularly excited about the launch of the Borrower Pool Almavest Basket #7: Fintech and Carbon Reduction Basket, which launched on Thursday, and is almost full with $9.9M USDC in Total Capital Supply contributed. The pool has a few unique offerings that make it an exciting launch for the Goldfinch community:
🌍 The pool’s proceeds will deploy crypto capital to real-world companies in India, Egypt, Indonesia, Colombia, Spain, and the Philippines, driving investment specifically in carbon reduction projects, inclusive lenders, and social impact businesses.
🌳 ALMA is offsetting the carbon footprint of all contracts for this Pool, from the date they are created through the entire loan term on the Ethereum blockchain – making this Goldfinch’s first carbon neutral DeFi pool and leading the cause of offsetting the climate impacts of DeFi investment.
🤝 ALMA is already an existing borrower on the Goldfinch protocol with an excellent track record, having borrowed nearly $30M previously to provide financing to companies like Selfin, Upwards, Greenway, Impact Water and Oya Group.
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🎙️Highlights of the week
🌿 Goldfinch saw its first ever carbon neutral pool contract through the latest Almavest pool; this is one of the first carbon-neutral DeFi pools in the world.
📝 Goldfinch’s GFI is now integrated into DeBank, a DeFi exchange / portfolio tracker, and can be used to track GFI.
🎁 Warbler is looking for folks to fill out this quick survey in exchange for a chance to win 100 USDC or other prizes (in the link).
🎱 Senior Pool / Borrower Pool Updates
👴🏽 Current Senior Pool APY: 6.93% USDC (23.52% with GFI, the Goldfinch token)
Backer Pools (or Borrower Pools) are the more active, higher risk, higher return option for USDC yields. These normally close within a week or so.
👀 There will be 2 new pools coming in April – see our calendar for the exact dates.
🗳️ Governance Proposals & Protocol Updates
GIP stands for “Goldfinch Improvement Proposals.” Anyone can push for a GIP using the Governance Process laid out here. Voting costs nothing and happens through Snapshot, though you need to hold GFI (tokens) to participate.
The earliest Borrowers at Goldfinch have been critical for the protocol development and success. This proposal suggested a 0.857% retroactive airdrop for early Borrowers vesting over 2 years. Read more.
🕰️ Status: The community voted in favor of this proposal via Snapshot this week – and the council gave its soft approval, too.
📰 Goldfinch in the Media
(P.s., we lend to companies, not individuals).
Source: a16z portfolio
Where can I learn more about the tokenomics of GFI (Goldfinch’s token)?
You can learn more about the Tokenomics here.
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0⃣ Defaults in the last 30 days: 0
💰 Repayments in the last 30 days: ~1.8 million USD (1,793,880.29)
🔒 TVL (Total Value Locked): ~ 113 million USD (113,453,455.65)
💵 Total Active Loans: ~82 million USD (82,268,598.93)
📊 See more data on Dune
🧠 More Info
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