The Beak: Goldfinch Community Newsletter #6
You heard it straight from the beak (of the community).
Dear Goldfinch Community,
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. Enjoy our sixth edition!
🎙️Highlights of the week
🎉 We crossed USD 10 Million+ in total repayments
☕ Warbler Labs team is now doing rolling Office Hours with community members. Book a slot here for an open chat; new slots are added every 5 days
🎱 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: 6.95% USDC (25.35% 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.
🔓 Almavest will open a Pool on April 7th, 2022 – see their profile here and watch out for the upcoming announcement here
👀 There will be 2 new pools coming in April – see our calendar for more updates
📅 Events
🎧 Listen in on Mike Sall, Sam Eyob, and Ezza Naveed (Paz) from Warbler Labs for a deeper dive into the community roadmap to understand it better
🐦 Twitter Spaces Shoutout: @intramuros.eth, who asked a great question in last week’s town hall about how difficult it is to onboard liquidity providers who are interested in Goldfinch’s mission, but unfamiliar with crypto
📹 See recordings of our past events and playlist of Town Halls on Youtube
🗳️ 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 (Passed)
This is a proposed roadmap for the Goldfinch community.
🕰️ Status: The community voted in favor of the proposal, and the Council has given its soft approval: it is now being buidl’d.
✅ GIP-09: Update GFI rewards param for Curve LP (Passed)
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 supply USDC to the Senior Pool. Read more.
🕰️ Status: The community voted in favor of the proposal, and the Council has given its soft approval: it is now being buidl’d.
📰 Goldfinch in the Media
Forbes recently wrote about DeFi and its efforts to advance financial inclusion, and acknowledged Goldfinch for its impact in increasing access to capital in emerging markets, especially in Africa:
“One approach, focused on the capital gap and particularly relevant across emerging economies, is models that connect global crypto communities with localized fintech for inclusion innovators that themselves figure out how to serve low-and middle-income customers. Goldfinch (for Africa) […] are all building decentralized liquidity protocols that expand access to capital in markets where early stage alternative lenders have long struggled to raise debt themselves from traditional financial institutions, particularly at the earliest stages.”
❓FAQs
I am very interested in getting a loan from Goldfinch. Am I eligible?
Right now, only fintechs and credit funds that are Series B and beyond are eligible in borrowing from Goldfinch. However, you can fill this form to express your interest.
📊 Stats
🐦 46,881 Twitter Followers
0⃣ Defaults in the last 30 days: 0
💰 Repayments in the last 30 days: ~6.5 million USD (6,470,401.12)
🔒 TVL (Total Value Locked): ~ 112 million USD (112,378,832.14)
💵 Total Active Loans: ~82 million USD (82,568,598.93)
📊 See more data on Dune
🧠 More Info
📚 On the fence and want to get started? See our simple protocol guide
☕ Book a slot to chat with Warbler Labs team members here
💰 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!
📗 Read our Borrower Profiles here
🐦 Follow us on Twitter, join our Discord, and see the latest governance activity on Discourse