Goldfinch Update #27
Do you know what your governance forum is up to?
🎙️Highlights of the week
Did you know that Goldfinch generated over $100k in protocol revenue this month? Check out the latest data on Dune.
The Goldfinch community has been hard at work, with 13 Goldfinch Improvement Proposals made in the last month. Join the conversation in the governance forum, or read on for an overview of active proposals.
👀 From the Beak
More Than Profit is a podcast from Access Ventures that asks investors, entrepreneurs, leaders and more about life, work, and living with purpose. In case you missed it, give a listen this long weekend to Access Ventures Chief Investment Officer TJ Abood’s interview with Warbler Labs and Goldfinch Co-Founders Mike Sall and Blake West on their founding story, what DeFi really is, and crypto’s ability to transform financial models. Tune in here.
Find your safe haven
If you love Goldfinch, you probably already know that protocols bridging off-chain investment to DeFi are insulated from the volatility seen in most of crypto’s yields. But why is that true, on a macro scale? If you’ve been looking for the analysis, Warbler Labs COO Sam Eyob covers how RWA provides insulation from DeFi’s on-chain volatility in his post here.
📰 Goldfinch in the Media
DeFi analyst Tanay Ved published a Goldfinch overview covering the issues surrounding borrowing and lending in TradFi and DeFi, Goldfinch's purpose and growth metrics, key players in the Goldfinch ecosystem, GFI tokenomics, and risks and challenges facing the protocol. You can read the post on Tanay’s Mirror.
Credit analysis = crucial
Investor and analyst @wandzilak_drew published a thread covering learnings on the importance of credit risk assessment gleaned from the Bank for International Settlements’ June 2022 report “DeFi Lending: Intermediation Without Information.” Drew makes the case that “DeFi markets will never be able to reach mainstream utilization without effective credit risk assessment,” noting that “credit assessment is crucial to financial markets”—and we couldn’t agree more. Dive into the thread covering Goldfinch and other projects bringing credit on-chain here.
Cập nhật Goldfinch mới nhất từ Hak Research
Vietnam-based community advocates Hak Research published an in-depth thread providing an overview of Goldfinch participation, including recent protocol announcements, integrations, data, and how to get involved. Their guide includes a step-by-step video overview on how to use the Goldfinch dapp and a written investment guide to follow along with. Chia sẻ nó với bạn bè Việt Nam của bạn!
🗳️ Governance Proposals & Protocol Updates
Approved community proposals awaiting council:
Summary: Add Barracuda’s Cuda.io product to the Goldfinch community building/growth/marketing team’s tool belt for use within Goldfinch’s Twitter bio and in other situations where it is useful to direct visitors to an easily customizable landing page.
GIP-22 passed Snapshot voting with 100% support.
View the proposal here to learn more.
Summary: In order to implement “GIP-05 : Retroactive Borrower Airdrop” and facilitate the payment of borrower rewards according to the vesting schedule, the proposal suggests using the platform Liquifi with community approval to use $950 from Goldfinch Treasury in order to grant Borrowers access to the Liquifi platform over the next 19 months.
GIP-23 passed Snapshot voting with 99.35% support.
View the proposal here to learn more.
Community proposals for discussion:
Summary: The Gateway team seeks to establish a partnership with Goldfinch to increase community education, engagement, and recognition by onboarding its Community Team onto the Gateway Credentialing D-App.
Motivation: Gateway believes Goldfinch is well positioned as one of the few Defi protocols truly bridging the gap between traditional and decentralized finance. Additionally, Gateway would like to increase general awareness of this ecosystem, knowledge of Goldfinch’s products, and contributor recognition for governance and community efforts.
View the proposal here to join the conversation.
🎱 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: ~$941K USD ($941,598.24)
Protocol Revenue in the last 30 days: ~$110K USD ($110,767.10)
Total Active Loans: ~$99M USD ($99,219,761.42)
See more data on Dune
🧠 More Info
📚 Ready to start investing? Read the step-by-step guide.
💰 Considering providing capital to the protocol, but would prefer to chat with a human first? Complete the Goldfinch Capital Provider Interest Form here.
☕ Book a slot to chat with Warbler Labs team members here.
**Disclaimer: All APYs on Goldfinch are dynamic, and these APYs are a snapshot from 09.02.2022. The Senior Pool APY changes based on the amount of capital in, and the utilization rate of, the Senior Pool