Goldfinch Update #31
Goldfinch Update #31
How to connect with Goldfinch, recent coverage, growing the ecosystem, and more from the nest
🎙️Highlights of the week
Near London? Check out the community Fintech Nexus Merge ticket giveaway on @goldfinch_fi’s Twitter until 10/10. Join here.
The Defiant covered Goldfinch as an alternative way of approaching collateralization in their recent Quick Take on lending. Watch it here.
If you missed this Friday’s Discord Town Hall on Design, or the last two on withdrawal mechanics and liquidity, don’t worry—they happen every Friday.
Read on for more ways to connect with Goldfinch, the latest protocol data, and more.
👀 From the Beak
Don’t forget: Every Friday you can participate in a Q&A with the community and Warbler Labs Team on Goldfinch’s Discord Town Hall Stage. The last three weeks have covered design, withdrawal mechanisms, and liquidity. Join the Goldfinch Discord here, and set a reminder for Friday at 9AM PT / 12PM ET.
Ecosystem growing
Congratulations to Frigg on their digital green bond launch! Frigg is the third protocol to use Warbler Labs’ UID NFT as an identity verification standard. Goldfinch participants with a valid UID can participate on Frigg without conducting KYC/KYB a second time by connecting with their existing UID, a non-transferrable NFT for on-chain identity verification used by Goldfinch for the protocol’s unique entity check. Learn more in Frigg’s announcement.
📰 Goldfinch in the Media
What's a different approach to on-chain lending without crypto overcollateralization? Fully collateralizing loans with real-world assets and income on Goldfinch. The Defiant’s Camila Russo and Aleks Gilbert covered Goldfinch as an alternative way of approaching collateralization in their recent Quick Take on lending. Check out the 4-minute video here.
📅 Events
Weekly Discord Community Calls: Participate in a Q&A with the community and Warbler Labs team on Goldfinch’s Discord Town Hall Stage every Friday. Join the next one on Friday, October 14th at 9AM PT / 12PM ET.
Goldfinch is sponsoring FintechNexus Merge in London October 17-18th, where Warbler Labs Senior Credit Manager Aaron Collett will be speaking alongside Aave and others. Near London? Check out the community ticket giveaway on @goldfinch_fi’s Twitter until 10/10.
Goldfinch is also sponsoring WebSummit in Lisbon November 1-4th. Interested in meeting up with Warbler Labs Head of Community Po On Yeung or Partnerships Lead Ann Cai while you’re there? Reach out to let us know!
🗳️ 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.
Approved proposals awaiting council:
GIP-26: Open market FIDU purchases with USDC reserves
Summary: A proposal for Goldfinch to use its USDC reserves to purchase FIDU tokens on Curve while they are trading at a discount to NAV, for the dual purpose of signaling strength in the protocol to other participants while also capturing a unique opportunity to grow reserves for future projects & needs.
Motivation: An unprecedented situation where high utilization of the Senior Pool funds has led to FIDU tokens trading at ~15% discount to NAV on Curve.
GIP-26 passed with 100% community support.
View the proposal here to join the conversation.
🎱 Senior Pool / Borrower Pool Updates
Current Senior Pool APY: 14.00% combined (7.81% USDC + 6.19% 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: ~$753K USD ($753,503.81)
Protocol Revenue in the last 30 days: ~$88K USD ($88,851.05)
Total Active Loans: ~$99M USD ($99,219,761.36)
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 10.07.2022. The Senior Pool APY changes based on the amount of capital in, and the utilization rate of, the Senior Pool.