Goldfinch Update #13

Gemini $GFI launch, a16z features Goldfinch, a new dev docs site, upcoming pools, and more.

Goldfinch Foundation

May 21

Source: Goldfinch Developer Documentation

🎙️Highlights of the week

a16z released its first-ever annual State of Crypto Report, highlighting Goldfinch amongst the protocols making a real world impact.
Gemini, a leading exchange, launched trading for $GFI across their products. You can now view Goldfinch on the Gemini exchange.
Three Borrower Pools are coming to Goldfinch in June – see the calendar here.
The new and upgraded Goldfinch Developer Documentation site is now live, providing greater visibility into the protocol’s technical implementation, contracts, and more.

🎱 Senior Pool / Borrower Pool Updates

Current Senior Pool APY: 22.00% USDC combined (9.81% USDC + % 12.20 GFI)**

Borrower Pool Launches:

There are 3 more Borrower Pools coming to the Goldfinch protocol in June – including Cauris and Lendeast, successful repeat Borrowers on the protocol.

Get real-time updates when new Backer Pools launch, and news on upcoming Borrowers, 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

Gemini launched trading for Goldfinch this week, with USD trading pairs on their API/FIX and ActiveTrader applications, and even more pairs on the Gemini Mobile App and website including USD, GBP, EUR, CAD, AUD, HKD, and SGD pairs. Congratulations to the Goldfinch community on expanding the ways to join Goldfinch’s mission to bring the world’s credit activity on-chain, expanding access to capital and financial inclusion.

You can now read about Goldfinch and view $GFI on the Gemini exchange.

The new Goldfinch Developer Documentation site is now live, providing better visibility into the protocol’s technical implementation, enhanced clarity for due diligence, and greater access to smart contract code. Explore the dev docs here to learn more about how Goldfinch works and how to use it.

We encourage community members to contribute your research and analysis on this Tweet by @tokenterminal. View the tweet above here and reply to share your insights! If you haven’t checked it out already, Token Terminal offers a great Goldfinch dashboard for data analysis.

📰 Goldfinch in the Media

Goldfinch was featured in a16z’s first annual State of Crypto report as one of the protocols leading real world impact in the DeFi space. Goldfinch creates this impact by lending to real Borrowers (mature fintechs or credit firms) based in emerging markets around the world.

One example of the protocol’s real impact comes from its lending to Greenway via the credit firm Almavest. Greenway is an India-based manufacturer of clean, efficient cookstoves. The company distributes these stoves in rural India where open-fire cooking has proven to be detrimental to one’s health. Read more here.

📅 Events

Upcoming:

Warbler Labs community members had a great conversation with folks in the Goldfinch Discord this week, covering how Goldfinch is weathering the storm during downward markets. Join the server to be part of the regular Town Halls that the community hosts.
More upcoming events to be announced soon! Follow our Twitter for updates on upcoming events.

🗳️ 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-11 Bootstrap GFI Liquidity with Ondo x Frax LaaS Program has passed Snapshot voting with 512K GFI voted in favor. Congratulations to our community!
GIP-10 Remove 12-month Vesting Requirement for Senior Pool Liquidity Mining is still live for discussion. Contribute to the conversation here.

📊 Stats

Defaults in the last 30 days: 0
Repayments in the last 30 days: ~$756K USD ($756,513.52)
Protocol Revenue in the last 30 days: ~$197K USD ($197,448.61)
Total Active Loans: ~$102 MM USD ($102,219,761.58)

See more data on Dune.

❓FAQs

Can I stake in the Goldfinch protocol, and what kinds of staking are possible?

Yes – you can stake FIDU on Goldfinch, or stake your Curve FIDU-USDC pool Liquidity Provider position, to earn $GFI staking rewards. Staking can be accessed in the Goldfinch protocol application at app.goldfinch.finance/stake, and you can learn more about the process here.

All staking and participation incentives are driven and established via Goldfinch’s community governance process.

🧠 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 05.19.2022. The Senior Pool APY changes based on the amount of capital in, and the utilization rate of, the Senior Pool.

Goldfinch