Goldfinch Update #28
Goldfinch makes Business Insider’s list to watch, new macro market analysis, link up with Goldfinch at upcoming events, and more
🎙️Highlights of the week
Goldfinch Co-Founder and Warbler Labs CTO Blake West is speaking at the Blockworks Digital Asset Summit September 13-14th in NYC, alongside Maple and others. Get tickets here.
Does emerging market investment offer more risk than opportunity? Read our macro analysis to find out.
We’re proud to be included in Business Insider’s list of 2022’s most promising crypto startups. Read the full article here.
👀 From the Beak
Goldfinch has issued $100M in loans to help scale businesses in emerging markets. But does analysis show that emerging market investment offers more risk than opportunity?
As macro factors drive investors to new sources of yield, bringing real-world lending on-chain provides value to borrowers and stable growth to lenders. At the same time, expert analyst models show emerging market financing as a growing, viable, and attractive opportunity for investment. Read our post for the latest macro insights on emerging market opportunities here.
📰 Goldfinch in the Media
Congratulations to the Goldfinch community on Business Insider’s inclusion of Goldfinch amongst 2022’s most promising crypto startups. Nominated by crypto and tradfi investors, Goldfinch joins the ranks of Blockdaemon, Dune, Ethereum Name Service, Solend, WalletConnect, and other industry elites on this year’s list.
We’re proud to be noted for our work “making strides in harnessing crypto for financial inclusion in emerging markets.” Read all about it in the article on Business Insider.
Real yields gaining steam
Ben Giove covered Goldfinch in Bankless’ newsletter this week on the topic of DeFi’s best “real yields.” Although the article incorrectly states that Backers receive FIDU for their participation in Borrower Pools (see how it really works here), we’re still excited to see demand for, and attention on, bringing real-world yields to DeFi.
Keep an eye on Goldfinch
Popular crypto educator and influencer Misha noted Goldfinch as one of crypto’s top three DeFi protocols, alongside Aave and Eco, in her recent list of the top 100 web3 projects to watch. Check out the list here.
📅 Events
Goldfinch Co-Founder and Warbler Labs CTO Blake West is speaking at the Blockworks Digital Asset Summit September 13-14th in NYC alongside Maple and others.
Goldfinch Senior Engineering Contributor Emily Hsia will be speaking about Goldfinch and the Future of Yields at the Messari Mainnet Conference September 21-23rd in NYC. Reach out if you’ll be in New York for Mainnet and are interested in meeting the team!
Special early announcement: Goldfinch is sponsoring Circle Converge September 27-30th in San Francisco. Are you attending? Come say hello to the Warbler Labs team in the Goldfinch booth!
Goldfinch is also sponsoring FintechNexus Merge in London October 17-18, where Warbler Labs Senior Credit Manager Aaron Collett will be speaking alongside Aave and others.
🗳️ 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.
Live proposals for voting on Snapshot:
(GIP-24) Credentials for Goldfinch Community: Gateway x Goldfinch Partnership
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 dapp.
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.
Vote on the proposal here on Snapshot
🎱 Senior Pool / Borrower Pool Updates
Current Senior Pool APY: 14.79% combined (7.81% USDC + 6.98% 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.
📊 Stats
Defaults in the last 30 days: 0
Repayments in the last 30 days: ~$727K USD ($727,083.33)
Protocol Revenue in the last 30 days: ~$86K USD ($86,677.12)
Total Active Loans: ~$99M USD ($99,219,761.41)
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.
🛠️ Find job openings for a variety of roles building for Goldfinch at Warbler Labs here.
☕ Book a slot to chat with Warbler Labs team members here.
📗 Read 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 09.09.2022. The Senior Pool APY changes based on the amount of capital in, and the utilization rate of, the Senior Pool