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The Beak: Goldfinch Community Newsletter #5

goldfinch.substack.com

The Beak: Goldfinch Community Newsletter #5

You heard it straight from the beak (of the community).

Goldfinch Foundation
Mar 18, 2022
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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!

🧐 We hosted a session on the “Best Stablecoin Opportunities” with expert Rennick Palley of Stratos today at 9:00 AM PST! See the recording here

📅 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.

📅 Events

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.

🗳️ GIP-06 Proposed Goldfinch Roadmap

This is a proposed roadmap for the Goldfinch community, and it is now on Snapshot. Read more here, and cast your vote over the next 3 days (voting is free).

🕰️ 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!

Twitter avatar for @DeFi_Dad
DeFi Dad ⟠ defidad.eth ≡🦇🔈 @DeFi_Dad
Nice 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.
youtu.beBoule Research Meeting-23 17 Mar 2022Boule Research Meeting-23 17 Mar 2022
2:38 PM ∙ Mar 17, 2022
57Likes8Retweets

…We proposed an idea to him:

Twitter avatar for @goldfinch_fi
Goldfinch @goldfinch_fi
.@DeFi_Dad, you may want to check out the new Borrower Pool that just opened with LendEast 👀 Backer yield will be 17% USDC (fixed) + ~25% APY in $GFI token drops. Learn more and interact here: app.goldfinch.finance/earn. Also, wanna do a sit down chat on YouTube with @sall?
Twitter avatar for @DeFi_Dad
DeFi Dad ⟠ defidad.eth ≡🦇🔈 @DeFi_Dad
Nice 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
3:11 PM ∙ Mar 17, 2022
19Likes3Retweets

🎉 …And DeFi Dad might be onboard.

Twitter avatar for @DeFi_Dad
DeFi Dad ⟠ defidad.eth ≡🦇🔈 @DeFi_Dad
@goldfinch_fi @sall nice!
3:16 PM ∙ Mar 17, 2022

❓FAQs

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 verify@goldfinch.finance with your issue.

📊 Stats

🐦 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!

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