Goldfinch Update #18
GIP-13 passes voting to launch Goldfinch Membership, Blake West in The Defiant, fresh analysis and data, and more
🎙️Highlights of the week
GIP-13: Should "Tokenomics Update Phase 1: Membership Vaults" proposal be approved? has passed its snapshot vote with 100% support from $GFI holders. The proposal launches Tokenomics V2 with a Goldfinch Membership system and will now enter the Council Approval phase. Learn more in the proposal discussion.
Rescheduled: Join Goldfinch and Variant next Tuesday 6/28 1:30 PM PT / 4:30 PM ET for a Twitter Spaces with Jesse Walden, Derek Walkush, Blake West, and Mike Sall, on unlocking a new paradigm for protocols via tokenomics and the Goldfinch Tokenomics V2 proposal. Set a reminder here.
Check out the new Borrower Impact Estimates dashboard, measuring how many people and businesses Goldfinch reaches via its Borrowers and more, on Dune.
👀 From the Beak
GIP-13: Should "Tokenomics Update Phase 1: Membership Vaults" proposal be approved? has passed its Snapshot vote with overwhelming support. The proposal to implement Phase 1 of the broader Tokenomics V2 roadmap, a Goldfinch Membership system whereby members can receive a share of protocol fees and greater voting power for supporting the network’s growth, will now enter the Council Approval phase of governance.
Learn more about GIP-13 in the proposal discussion, and set a reminder for the 6/28 Goldfinch x Variant Twitter Spaces discussing tokenomics innovations and Goldfinch Tokenomics V2 with Jesse Walden, Derek Walkush, Mike Sall, and Blake West, here.
Goldfinch Co-Founder and Warbler Labs CEO Mike Sall launched a new Dune dashboard for Goldfinch: Goldfinch Borrower Impact Estimates. The dashboard tracks metrics to explore the impact that funds accessed on Goldfinch have by way Borrowers on the network, including the est. number of people and businesses that go on to borrow that capital from Goldfinch’s Borrowers, the growth in active loans by country, and more.
Check out the dashboard on Dune, and let us know what you think.
📰 Goldfinch in the Media
Crypto news outlet The Defiant featured an op-ed by Goldfinch Co-Founder and Warbler Labs CTO Blake West, “Time to be Boring: How Crypto Goes 100x From Here.” The post explores the reasons why everyday financial activity will be fundamental to mainstream adoption of DeFi, as well as discussing how history shows the best path forward for DeFi’s growth and success: “Clear use case, real utility, real value.” Read more in the article.
MetricsDAO published an in-depth overview by builder and researcher @Mega_Fund, covering Goldfinch, how the protocol is designed, core functionality, mechanisms, and more. To take a deep dive into the protocol read the analysis.
Goldfinch x Variant: Unlocking a new paradigm for protocols
Rescheduled: Tuesday June 28th at 1:30 PM PT / 4:30 PM ET on Twitter Spaces
Join Jesse Walden, General Partner at Variant, Derek Walkush, Investment Research Partner at Variant, and Goldfinch and Warbler Labs Co-Founders Mike Sall and Blake West, to discuss tokenomics innovations, what they mean for the ecosystem and how they can unlock a new paradigm for protocols, and Goldfinch’s Tokenomics V2 proposal.
Set a reminder here, and read ahead of time about GIP-13 Tokenomics Update Phase 1: Membership Vaults.
🗳️ 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.
Passed voting, in Council Approval:
GIP-13 Tokenomics Update Phase 1: Membership Vaults
GIP-13 passed community governance on with 100% approval.
This proposal outlines a vision for the first phase of Goldfinch Tokenomics V2 development. It proposes a Goldfinch Membership system, whereby members can receive a share of protocol fees (“member rewards”) and greater voting power in governance by locking capital into a Membership Vault to support the protocol’s growth and security.
🎱 Senior Pool / Borrower Pool Updates
Current Senior Pool APY: 17.20% combined (7.90% USDC + 9.3% GFI)**
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: ~$858K USD ($858,112.03)
Protocol Revenue in the last 30 days: ~$119K USD ($119,611.52)
Total Active Loans: ~$102M USD ($102,219,761.51)
See more data on Dune
I know a lot of crypto builders who were laid off over the last few weeks. How can they work on building Goldfinch?
Warbler Labs, the core development team supporting Goldfinch’s growth, has many open positions! Roles include Business Development Lead, Senior Product Designer, Software Engineer, Developer Relations Lead, and many more.
Send your friends to https://jobs.lever.co/Goldfinch/
🧠 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 06.17.2022. The Senior Pool APY changes based on the amount of capital in, and the utilization rate of, the Senior Pool.