Goldfinch Update #19
Launching Goldfinch 2.0 Beta, Packy McCormick, how Goldfinch will transform the future, and more
🎙️Highlights of the week
Welcome the new-and-improved Goldfinch 2.0 Beta dapp! Keep an eye out for faster performance, a new look, and some variability during its Beta phase. Check it out at app.goldfinch.finance.
“It might be a long path, but we’re convinced it will happen. Eventually, if you run a business, and you need a loan, you’ll use a protocol.” Get inspired by The Goldfinch Manifesto.
Two Tweets from analyst-bot accounts have falsely claimed that Goldfinch is under attack from bots. These false claims misrepresent normal, expected automated trading. Goldfinch is not under attack, and no user funds are at risk. Learn why and how the protocol is protected in our overview.
👀 From the Beak
When people first hear about Goldfinch, they often don’t realize just how ambitious it is. As the world’s debt inevitably moves on-chain, we believe Goldfinch will be the marketplace powering all of that activity—and that we have a responsibility to make sure everyone can take part.
What are Goldfinch’s goals, where do we think global financial markets are headed, what are the theses driving how Goldfinch is designed, and how do we grow toward our ambitious goals? Read about that and more in the The Goldfinch Manifesto.
Announcing the Goldfinch 2.0 Beta
Welcome to the Goldfinch 2.0 Beta: app.goldfinch.finance!
The Beta dapp upgrade includes enhanced performance improvements, along with a new look and feel for the Earn, Senior Pool, and Borrower Pool pages. While in Beta the experience will vary across the dapp.
Have feedback to share or experiencing a bug? We’d love to hear from you! Reach out to email@example.com, or post in the community Discord.
Automated trading behavior and Goldfinch
Two Twitter accounts this week shared pictures of normal and expected trades taking place on-chain, next to false and misleading claims that Goldfinch’s Senior Pool is the victim of a flash loan attack. After investigation the Warbler Labs team was able to confirm that the transactions flagged by these Twitter accounts are indeed normal arbitrage trading transactions, which did not negatively affect the funds or liquidity of Goldfinch participants, and are not flash loan attacks.
So what is arbitrage trading, why are these transactions expected behavior discussed in past governance proposals, and how are they helping the Goldfinch protocol? Read all about it in our explainer, Automated trading behavior: debunking inaccuracy that Goldfinch is under attack.
📰 Goldfinch in the Media
Not Boring by Packy McCormick, then number one Substack newsletter focused on business with over 125,000 subscribers, featured Goldfinch in his overview of the current ‘real’ use cases for web3 and how they display the potential that web3 has to power the future. Read about it in McCormick’s analysis.
Bridging the real world to DeFi
Community crypto author and analyst Waseem published and in-depth analysis on Goldfinch as the first overview of crypto “projects that are actually plugging into the real world.” The post covers tradfi lending dynamics, yield sources, and how Goldfinch works. Read it 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: ~$1.76M USD ($1,765,924.46)
Protocol Revenue in the last 30 days: ~$114K USD ($114,071.80)
Total Active Loans: ~$101M USD ($101,219,761.52)
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 07.1.2022. The Senior Pool APY changes based on the amount of capital in, and the utilization rate of, the Senior Pool.