Dear Goldfinch Community,
Here’s a rundown of recent highlights for the protocol, a pulse on the community, and the latest news on new Borrower deals. Enjoy our fifth edition!
🎙️Highlights of the week
🎉 The Lend East pool for 10 million USD closed yesterday within 2 hours! All thanks to the amazing Backers who helped supply the capital!
📅 3 new pools totaling $30m are coming in April (bookmark our calendar for updates
🎱 Senior Pool / Borrower Pool Updates
The Senior Pool is the simple, lower risk, lower return option for USDC yields. The USDC supplied is diversified across different Borrowers.
👴🏽 Current Senior Pool APY: 6.07% USDC (20.62% with GFI).
Backer Pools (or Borrower Pools) are the more active, higher risk, higher return option for USDC yields. These normally close within a week or two.
✅ Lend East Pool – filled on March 17th, 2022.
👀 There will be up to 3 new pools coming in April totaling $30m, so keep an eye on our calendar for updates on new Borrowers.
Warbler Labs is doing an offsite in the following week, so there will be no Town Hall on Friday, March 25th. The Town Halls will be resumed after the coming week.
🗳️ 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.
🕰️ Status: This proposal is up on Snapshot (vote here).
🏛️ GIP-09: Update GFI rewards param for Curve LP (Discussion)
After the successful development of GIP-01, FIDU-USDC Curve LP factory pool has been created (Curve.fi). This proposal is a technical parameter update to GIP-01 proposal. When Liquidity Providers (LP) supply USDC to Goldfinch, they receive high APYs. This proposal ensures Curve LPs receive similar rewards in GFI as LPs who directly USDC supply to the Senior Pool.
🕰️ Status: This proposal is up for discussion here.
📰 Goldfinch in the Media
🙏🏽 Thanks to DeFi Dad for the shoutout on Twitter!
…We proposed an idea to him:
DeFi Dad ⟠ defidad.eth ≡🦇🔈 @DeFi_DadNice presentation on @centrifuge today on @aladdindao weekly Boule meeting. Learned a lot and realizing I need to keep better tabs on Centrifuge, and related projects like @goldfinch_fi. https://t.co/R45KDsLYDq
🎉 …And DeFi Dad might be onboard.
I keep getting verification errors when I try to verify for the Goldfinch app. What should I do?
We recommend using a passport for verification. Ideally, it should have your most recent photograph. Make sure that the date of expiration and issue are also visible. If all else fails, reach out to the community in our Discord or email firstname.lastname@example.org with your issue.
🐦 46,694 Twitter Followers
0⃣ Defaults in the last 30 days: 0
💰 Repayments in the last 30 days: ~7.9 million USD (7,912,863.94)
🔒 TVL (Total Value Locked): ~ 114 million USD (114,864,262.55)
💵 Total Active Loans: ~72 million USD (72,418,598.95)
📊 See more data on Dune
🧠 More Info
📚 On the fence and want to get started? See our simple protocol guide
🐦 Follow us on Twitter, join our Discord, and see the latest governance activity on Discourse
💰 Want to deposit capital in the protocol, but would rather chat with a human face first? Fill our form here and our team will get back to you
🛠️ Find job openings for different positions here. Come Buidl with us!