Goldfinch Update #32

Four questions from Goldfinch, top highlights from the community, plus how the protocol is pushing new frontiers for DeFi primitives.

Oct 14, 2022

🎙️Highlights of the week

Help support Goldfinch’s community improvements by taking a four-question survey here.
DeFi outlet The Tie is hosting a LinkedIn Live panel on Real World Assets: Bridging Rising Global Rates to DeFi featuring Aaron Collett, Senior Credit Manager at Warbler Labs alongside Centrifuge and Maple. Set a reminder here to join this Wednesday, October 19th.
Goldfinch is sponsoring Merge by FinTech Nexus next week. Come say hello to the Warbler Labs team!
If you’re interested in news about DeFi’s RWA sector, follow RWA.xyz’s new pilot Telegram RWA Newswire here.

Too busy for Discord this week? New newsletter section, hot off the press. Read on for this week’s community highlights and insights in the new “From the community” section below.

👀 From the Beak

Goldfinch and Warbler Labs Co-Founders Mike Sall and Blake West joined the Clip Finance team this week, for a Twitter Spaces discussing the risks and opportunities of bringing real-world finance to DeFi. Listen to the recording here if you couldn’t join the conversation and AMA live.

Support the community’s growth

We’re working to support the grow and improvement of the Goldfinch community experience, and want to hear your thoughts on Goldfinch participation. Take the 4-question survey to support community efforts here.

Pushing new frontiers

Goldfinch Contributor Emily Hsia and Maple Founder Sidney Powell at Messari Mainnet - Source

“The Future of Yields” panel featuring Goldfinch Senior Engineering Contributor Emily Hsia and Maple Founder Sidney Powell at Messari Mainnet was, of course, one of our highlights. The discussion covered “the frontier of a key DeFi primitive” in DeFi lending, and the ways that builders on Goldfinch and Maple each approach how the recent crypto downturn has affected approaches to yield, KYC/AML, and big picture questions like “how can have its 10x moment?”

If you couldn’t make it to Mainnet, you can now watch the recording here.

📰 Goldfinch in the Media

"Where does centralized finance not make the most sense?"

In the latest episode of the ReFi Podcast, David J Rodriguez, VC of DraftVC, notes how asking this question led his team to identify Goldfinch as a viable area for investment. Rodriguez covers how Goldfinch's real-world asset lending can improve and expand financial access via the power of blockchain technology, and how proven microfinance institutions in emerging markets provide an example of where DeFi can have the most impact.

Listen to the full podcast on YouTube or Podbean, and read up on why Goldfinch started by optimizing for lending businesses in emerging markets here.

Tweet of the week

Source: Kunal Goel, Research Analyst at Messari Crypto

👂From the Community: Weekly Discord Roundup

Leo33 asked for some clarification on Goldfinch’s Borrowers, as part of research for a DeFi piece on what sets Goldfinch apart. Obinna Okwodu, Credit Manager at Warbler Labs, stepped in to provide a detailed answer
Papacito made a TikTok about Goldfinch, and we love its creativity! Any other Tik Tok creators out there?
Irik shared thoughts on bringing back a Community Ambassador Program, noting that they liked how there was a “huge number of people who helped if you had questions (great community).” We agree that the community is great at helping one another learn about Goldfinch and DeFi—let us know what you would want to see from a revamped program.

📅 Events

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. Come say hello in the Goldfinch booth.
Next Wednesday, news and data platform The Tie is hosting a LinkedIn Live panel with Goldfinch, Maple, and Centrifuge to discuss bringing real-world assets to DeFi. Set a reminder here to join the conversation on October 19th at 12 PM ET / 9 AM PT.
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!
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 21st at 9AM PT / 12PM ET.

🗳️ 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: 13.82% combined (7.81% USDC + 6.01% GFI)**

Borrower Pool Launches:

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: ~$801K USD ($801,055.94)
Protocol Revenue in the last 30 days: ~$92K USD ($92,411.88)
Total Active Loans: ~$99M USD ($99,219,761.35)
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 10.14.2022. The Senior Pool APY changes based on the amount of capital in, and the utilization rate of, the Senior Pool.