Goldfinch Community Update #10

$100MM in loans worldwide, upcoming pools, an expert panel discussing the IMF report, and more from the beak.

Apr 29

It was a milestone week for Goldfinch. Congratulations to the entire community on the protocol’s achievements and growth!

In case you missed it, here’s a rundown of recent protocol highlights, a pulse on the community, plus the latest news on upcoming Borrower deals.

*Read Co-Founder Mike Sall’s thread on the importance of $100MM in active loans*

🎙️Highlights of the week

The Goldfinch protocol crossed $100MM+ USD in active loans on Tuesday, up from $1MM USD in active loans just a year ago. Read about it in The Defiant’s coverage.
Next Tuesday, May 3rd at 11 AM PST, Goldfinch will host an expert panel discussing the inclusion of DeFi in the IMF’s recent Global Financial Stability Report, the report’s analysis of lending, and more. Set a reminder for the conversation here.
Cauris, a return Borrower on Goldfinch, will be opening Goldfinch’s next Pool! Sign up here to be notified when it opens (we won’t spam, we promise).

🎱 Senior Pool / Borrower Pool Updates

Current Senior Pool APY: 22.01% combined (8.47% USDC + 13.54% GFI)**

Borrower Pool Launches:

Cauris, a credit fund bringing DeFi to global fintechs, will be launching the next open Borrower Pool on Goldfinch for $10MM in financing. You can view their Pool’s Dataroom for due diligence, including underwriting, offering documents, and more, by signing their NDA here.
Get notified when the pool opens by signing up here to receive Borrower Pool launch updates. You can join the #borrower-pool-announcement channel on our Discord to receive live updates from Borrowers. You can also view the protocol’s pipeline of upcoming Borrower Pools here.

The Senior Pool is a one-stop method for participating in Goldfinch: deposit USDC and the protocol diversifies across different Borrowers, plus the Senior Pool is repaid first.
Borrower Pools are the more active opportunity for participation. Backers choose to participate in specific Borrower Pools, and earn an additional share of rewards for their work evaluating them. Pools normally close for Backer deposits within a week.

📰 Goldfinch in the Media

The Goldfinch protocol’s milestone of crossing $100MM USD in loans across the world was covered by The Defiant. The article discusses Goldfinch’s placement in the industry, noting that “Goldfinch’s $100M milestone suggests credit protocols with real world utility are emerging as a new growth area in crypto.” Read it here.

📅 Events

Upcoming:

May 3rd: Join us for the panel discussion with representatives from the IFC on the Goldfinch_fi Twitter Space. Panelists include Praveen Jospeh (International Finance Corporation, Celo), Wale Ayeni (International Finance Corporation) and host Aaron Collett (Warbler Labs). You can submit questions ahead of time here, and set a calendar reminder for the conversation here.
TBD, next week: Goldfinch community members will be hosting a Twitter Spaces to discuss the forthcoming implementation of GIP-01: Allow FIDU-USDC Curve LP positions to be staked for GFI liquidity mining rewards. Stay tuned on @goldfinch_fi for the final date!
May 6th: Join recent Borrower Almavest and the Goldfinch community to discuss their launch of the first-ever carbon neutral Borrower Pool on Goldfinch.

Recent:

🎧 Missed our talk with Addem Capital on driving financing access in LatAm via DeFi? Listen to Pedro and Mercedes’ unique perspectives on the role crypto plays in Latin America for the underbanked.

🗳️ 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.

No new updates this week, but head over to the #proposals-ideas channel on Discord for energizing discussions on what the community wants to build next.

📊 Stats

Defaults in the last 30 days: 0
Repayments in the last 30 days: ~$933MM USD ($932,884.12)
TVL (Total Value Locked): ~$115MM USD ($115,474,600.97)
Total Active Loans: ~$100MM USD ($102,220,336.96)
See more data on Dune

❓FAQs

I do not have a crypto background; where can I learn more about what Goldfinch does in a nutshell?

Goldfinch co-founders Mike & Blake joined David from Bankless for a conversation about Goldfinch. This has been a helpful resource for our community members who are new to crypto and want to learn about Goldfinch’s impact.

🧠 More Info

📚 Want to get started? Read 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 at Warbler Labs here. Come Buidl with us!

📗 Read our Borrower Profiles here, and view the protocol’s pipeline of upcoming Borrower Pools here.

🐦 Follow us on Twitter, join our Discord, and see the latest governance activity on Discourse.

**Disclaimer: All APYs on Goldfinch are dynamic, and these APYs are a snapshot from 4.29.22. The Senior Pool APY changes based on the amount of capital in, and the utilization rate of, the Senior Pool.

Goldfinch