Goldfinch Update #11
34.29% est. returns on $USDC, a proposal to remove vesting requirements, and Goldfinch in the media
In case you missed it, here’s a rundown of recent protocol highlights, a pulse on the community, plus the latest opportunities to invest in Borrower Pools.
🎙️Highlights of the week
Live now: $10M Borrower Pool financing Cauris, a credit fund bringing DeFi to global fintechs. Backers can expect 34.29% returns on $USDC (17% USDC APY + 17.29% est. GFI rewards). Invest here before the opportunity closes.
Community-driven staking of FIDU-USDC Curve Pool positions is now live on the Goldfinch dapp. Join alvinh#8351 and RP#2743 from our Discord for a Q&A on Twitter spaces, covering the mechanics and governance process, on Monday, May 9th, 9:00 AM PT / 12:00 ET. Set a calendar reminder here.
Two new Borrowers will be announced in May—see our calendar of upcoming launches for more, and sign up here to be notified when Pools open.
🎱 Senior Pool / Borrower Pool Updates
Current Senior Pool APY: 21.13% combined (8.31% USDC + 12.82% GFI)**
Live now: Cauris, a credit fund bringing DeFi to global fintechs, launched its pool on Goldfinch for $10MM in financing. View their Pool’s Dataroom for due diligence, including underwriting, offering documents, and more, by signing their NDA here.
The Senior Pool is automatically diversified across different Borrower Pools. Backers can invest in specific Borrower Pools, and earn an additional share of rewards for their role doing so. Pools normally close for Backer deposits within a week. Learn more here.
👀 From the Beak
Sam Eyob and Obinna Okwodu of Warbler Labs wrote a feature for The Africa Playbook on debt capital in Africa and considerations for accessing it, covering opportunities, challenges, and how diverse sources—like Goldfinch—can open up access to enable growth potential across the continent.
Read the article, or tune in to the accompanying podcast to learn more.
Goldfinch community member Alvin Hsia and Warbler Labs Co-Founder Blake West made a proposal to the Frax community for their protocol to create a Goldfinch AMO, providing the Goldfinch Senior Pool with capital to deploy in new Borrower Pools and earning Frax non-crypto correlated yield from real-world activity.
Read the proposal, or vote as a $FRAX holder, in the Frax Governance Forum.
Warbler Labs Co-Founder Blake West spoke to the Tokemak community about what Goldfinch is, the protocol’s mission, the vision that all private debt is going to be moving on-chain over the next 5-10 years, and how Goldfinch could benefit from a Tokemak Reactor.
Listen to the recording on YouTube, or read more in Tokemak’s post.
Following a milestone few weeks for the Goldfinch community, the Goldfinch Foundation published a wrap-up post celebrating the protocol reaching $100M in active loans across 28 countries of Borrower fintech operation, expanding Backer participation to U.S. Accredited Investors, launching full Backer Rewards, and implementing the community proposal to support Curve LP staking on Goldfinch.
Read all about it on the Goldfinch Foundation Medium.
📰 Goldfinch in the Media
Warbler Labs Co-Founder Blake West talked with Arianna Simpson, General Partner at a16z, at the recent Medici Conference on Goldfinch and the protocol’s opportunities for growth.
📅 Events
Upcoming:
May 9th at 9:00 AM PT / 12:00 PM ET: Join Goldfinch community members for a Q&A on Twitter Spaces covering the recent launch of staking for FIDU-USDC Curve LP positions on Goldfinch. Set a calendar reminder here.
Join Goldfinch and recent Borrower ALMA for a conversation on Friday, May 13th, about ALMA’s carbon-neutral Borrower Pool on Goldfinch and using carbon credits to offset DeFi’s climate impact.
🗳️ Governance Proposals & Protocol Updates
Any $GFI holder can make a Goldfinch Improvement Proposal (GIP) via the process here. Voting costs nothing and happens through Snapshot.
GIP-10: Remove 12-month Vesting Requirement for Senior Pool Liquidity Mining launched today. The community is encouraged to discuss and vote on the proposal to facilitate more growth on Goldfinch!
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: ~$731K USD ($731,157.07)
TVL (Total Value Locked): ~$117MM USD ($117,974,902.31)
Total Active Loans: ~$102MM USD ($102,219,761.60)
See more data on Dune
❓FAQs
I want to be a community contributor / Discord moderator. What are the steps for this / who should I contact?
You can fill out this form to express interest, and a community moderator will get back to you.
🧠 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 5.5.22. The Senior Pool APY changes based on the amount of capital in, and the utilization rate of, the Senior Pool.