Goldfinch Update #15
🎙️Highlights of the week
OurNetwork featured Goldfinch in a round-up on credit protocols. Read the newsletter here.
Warbler Labs CEO Mike Sall spoke on the impact of protocols reshaping the internet at Graph Day. Watch the recording here at 5:42:52.
GIP-12, the community governance proposal to compensate users who received fewer GFI rewards due to the previous StakingRewards bug, is live for community voting on Snapshot. GFI holders can vote through 6/4 here.
👀 From the Beak
Warbler Labs contributed an analysis for the latest edition of the popular crypto newsletter OurNetwork, which covers undercollateralized lending and credit protocols (remember—all loans on Goldfinch are currently fully collateralized, but with off-chain assets instead of crypto). The analysis covers the protocol’s monthly revenue surpassing $200k, along with its borrowing volume and APYs holding steady despite the recent downturn, showcasing the long-term stability of bringing real-world lending to DeFi. Read it here.
Warbler Labs CEO and Goldfinch Co-Founder Mike Sall was featured on a panel at this week’s Graph Day, the annual conference hosted by The Graph network. The panel, which also featured speakers from Uniswap, Livepeer, The Defiant, Audius, and Connext Network, was focused on the topic of how protocols are reshaping the internet. You can watch the panel recording here at 5:42:52.
The recording is now live for the panel Warbler Labs Senior Credit Manager participated in early this year at Celo Connect, “The Future of Financial Credit.” You can now listen to Aaron discuss accessing sustainable liquidity for Borrowers, how DeFi can revolutionize Financial Credit, and more, on Celo’s YouTube.
📰 Goldfinch in the Media
Independent DeFi security ratings agency DeFiSafety, who last week updated their ratings to provide Goldfinch with an industry-leading score of 93%, published an overview of their new review on the protocol this week.
The thread notes Goldfinch’s explanation of how the protocol’s contracts operate via detailed software function documentation, and states that “Goldfinch has also set the industry standard for front running mitigation and flashloan attack counter-measure documentation… For such an ambitious mission, we're over the moon that is in such clearly capable hands.”
The new rating was a result of the new and improved Developer Documentation published last week. Read the full DeFiSafety Process Quality Review on their site, and check out the thread covering their analysis here.
Twitter Spaces: Friday June 17th at 9 AM PT / 12 PM ET
Join Warbler Labs’ Senior Credit Manager Aaron Collett, Chief Investment Officer Sam Eyob, and guests, to discuss how Goldfinch’s loans are currently collateralized by off-chain assets.
Follow Goldfinch on Twitter @goldfinch_fi and stay tuned for the Tweet to set a reminder to join the conversation.
🗳️ Governance Proposals & Protocol Updates
This proposal is now live for voting on Snapshot. GFI holders can vote through 6/4 here.
🎱 Senior Pool / Borrower Pool Updates
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.
Defaults in the last 30 days: 0
Repayments in the last 30 days: ~$717K USD ($717,436.46)
Protocol Revenue in the last 30 days: ~$207K USD ($207,264.69)
Total Active Loans: ~$102M USD ($102,219,761.55)
See more data on Dune
🧠 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.
**Disclaimer: All APYs on Goldfinch are dynamic, and these APYs are a snapshot from 06.3.2022. The Senior Pool APY changes based on the amount of capital in, and the utilization rate of, the Senior Pool.