Goldfinch Update #20
Events, experts, news, oh my! Plus how to become a community manager.
🎙️Highlights of the week
Applications to join the next cohort of Goldfinch Community Managers are open until 7/11. You can learn more about the role and apply here.
AlloyX is hosting a community AMA in the Goldfinch Discord on their Goldfinch integration, next Thursday July 14th at 10 AM PT / 1 PM ET. Join Discord here.
Warbler Labs, the core development team supporting the growth of the Goldfinch protocol, formalized their legal structure and revamped their look + feel this week. If you communicate regularly with the team you should expect to start receiving emails from @warblerlabs.com addresses moving forward. Don’t miss the new website.
Blockworks Research hosted a Twitter Space with Goldfinch, TrueFi, and Maple Finance this week to discuss the future of DeFi credit. Listen here.
👀 From the Beak
Warbler Labs CEO and Goldfinch Co-Founder Mike Sall joined Sid Powell, Co-Founder of Maple Finance, and Ryan Rodenbaugh, of TrueFi, for a Twitter Space with Blockworks Research discussing the future of DeFi credit. Cited by some listeners as “the ultimate alpha” and “perhaps the next bull run,” Blockworks hosted a great conversation on the future of credit protocols. Miss it? Listen to the recording here.
Earlier in the week, the Blockworks Daily Newsletter focused on the different areas that could kick off crypto’s next bull run. Much of the article focused on on-chain credit protocols like Goldfinch, providing key macro reasons why crypto may be headed in that direction. Read the newsletter here.
Crypto meets the real world
AladdinDAO hosted Goldfinch for a research meeting in BanklessDAO’s Discord, with AladdinDAO’s Jeffrey Tang moderating and Warbler Labs’ Senior Credit Manager Aaron Collett providing an overview of Goldfinch, how it works, and the future of bringing real-world lending on-chain via decentralized credit protocols. You can read AladdinDAO’s recap of the session here.
Later in the week, Aaron was a guest on The Green Room Asian Fintech Podcast by Amrita Vir, where he discussed stablecoin-based credit in emerging markets, with a focus on Indonesia and Southeast Asia. The conversation covered Aaron’s journey into web3 from TradFi, how Goldfinch works, and what it means for the marketplace. Listen on Spotify, Apple Podcasts, or Podbean.
📰 Goldfinch in the Media
Is DeFi ded? Spoiler: the answer is no. The Bankless newsletter took an analytical look at on-chain performance indicators to assess where DeFi stands today, takeaways from the current market, and dove into what could be a catalyst for DeFi’s revival. The newsletter discussed how Goldfinch enables real-world businesses to leverage DeFi, helping DeFi grow its user base. Read it here.
Goldfinch on the mind
Goldfinch received some notable media mentions this week, showing that the protocol and its traction are top-of-mind for many industry leaders.
While Matt Levine’s opinion article in Bloomberg took a mostly cynical look at the recent Voyager incident and challenges facing DeFi, Levine cited Goldfinch as an exception from other credit protocols that may not been seen as a viable option in market downturns.
Similarly, in Nic Carter’s interview with Forbes’ Steven Ehrlich, the crypto-pro and founder at Coin Metrics noted Goldfinch when asked about sources of real economic activity using DeFi to have an eye on.
Food for thought
Simon Taylor’s Fintech Brain Food newsletter covered the expert’s bull case for web3, citing Taylor’s “high conviction that web3 and DeFi will create a new global financial system, that is orders of magnitude more efficient, transparent and fair than the existing one.” The in-depth market analysis covers how Goldfinch exemplifies DeFi’s composability, tangible current use case, and much more. Read the post on the Fintech Brain Food Substack.
Committed to RWA lending
Bluejay Finance published a Twitter thread and blog post on Goldfinch as an example of why the protocol believes that connecting DeFi protocols with real world assets is “One of the key ways of attaining proper adoption and sustainable yields.” The post covers all of Goldfinch’s mechanics and how to get involved. You can learn more here.
Goldfinch x AlloyX: Community AMA in the Goldfinch Discord
Thursday July 14th at 10:00 AM PT / 01:00 PM ET in Discord
Join AlloyX co-founder Alexandre Liege for a community AMA in the Goldfinch Discord covering AlloyX, a liquid staking protocol for crypto loans to real world businesses, and their upcoming Goldfinch integration.
Join the Goldfinch Discord here.
Community Manager applications open until 7/11
🗳️ Governance Proposals & Protocol Updates
Proposals for discussion:
The Goldfinch community believes that the support and trust of the community at large is important, so the The Appeal Leader’s Team intends to investigate each of the appeals for flight academy rewards to look by hand for honest participants who lost their rewards by mistake.
The proposal outlines the process for the workflow, evaluation of claims, compensation, a system that excludes fraud involving one or more leaders of appeals, fines for dishonest performance of duties by leaders, work schedule and other subtleties of the workflow. View the proposal 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: ~$3.8M USD ($3,834,713.42)
Protocol Revenue in the last 30 days: ~$122K USD ($122,556.10)
Total Active Loans: ~$99M USD ($99,219,761.54)
See more data on Dune
How can I get started as an investor on Goldfinch?
Getting started as an investor on Goldfinch is easy, either as a Senior Pool Liquidity Provider or by supplying capital directly to Borrower Pools as a Backer.
First, you’ll need to complete your Unique Entity Check by registering a UID, the NFT for identity that stores no personal information on-chain. Once the verification is complete, you can navigate to app.goldfinch.finance, connect the dapp to the same wallet you used to register your UID, and begin depositing USDC to the Senior Pool or any open Backer Pool.
Follow the Investor How-To Guide in Goldfinch’s documentation for step-by-step instructions for completing your Unique Identity Check, participating in the Senior Pool or Borrower Pools, and participating in liquidity mining by staking FIDU.
🧠 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 07.8.2022. The Senior Pool APY changes based on the amount of capital in, and the utilization rate of, the Senior Pool