Goldfinch Update #47
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Goldfinch Update #47
🐦 Stay Ahead: Dive Into Our Newest Partnerships and Media Highlights!
🎙️Highlights of the Week
MOU with Cerchia - Warbler Labs announced yesterday a new partnership and potential launch of an upcoming lending pool
“Let us Try!” Expanded medium post building on Blake’s viral tweet on how blockchain technology is already serving many useful purposes
Latest updates from Mike and Blake via The Defiant Podcast on growth and continued improvements
Bankless Africa writes how Goldfinch is Closing Africa's Entrepreneurial Finance Gap
Fintech TV interviews Mike at the NYSE on how Goldfinch works and the investment opportunity
RWA heats up and Goldfinch is featured across multiple publications including Slow Burn, CoinDesk, and new sources such as Tokenized On Chain
👀 From the Beak
Warbler Labs MOU with Cerchia
Yesterday Warbler Labs announced the following
In scope of the partnership is a potential launch of a lending pool which is fully collateralized with reinsurance instruments – a world’s first. The @goldfinch_fi community can expect more information in the coming days.
Want to See More Value From Crypto? Let us try!
Several weeks ago the commentary from Co-Founder and CTO Blake West went viral on Twitter
Source: Twitter @_blakewest
Source: Twitter @brian_armstrong
Blake has since expanded on those viewpoints to highlight major areas where crypto and blockchain could lead to major improvements if allowed by regulators. He also proposes some paths forward. Read on and join in on the conversation by commenting or replying and tagging @goldfinch_fi on Twitter.
Read more on Medium
📰 Goldfinch in the Media
Goldfinch interviewed on the Defiant
Published earlier this week, Tegan Kline with the Defiant interviewed the cofounding forces behind Goldfinch, Blake West and Mike Sall. They share what they learned from over 70 user interviews from everyone from Blackrock, Apollo to retired nurses, as well as their excitement around the user experience improvements for the entire Web3 and crypto space and how UX and UI improvements will impact the Goldfinch Protocol.
They also discuss 162% year over year growth in 2022 with no defaults and thoughts around how crypto will reshape the global economy, expanding access to capital around the world and what they're building to make that possible.
💻 Watch here on YouTube
🐣 Some snippets here on Twitter
1) How does the Goldfinch Marketplace work?
Source: Twitter @DefiantNews
Have you ever wondered about Account Abstraction?
Source: Twitter @DefiantNews
New publication shared by Bankless Africa
Source: Twitter @Bankless_Africa
Stay tuned for a Twitter Spaces event with the writer of this article and the Bankless Africa and Goldfinch teams to dive into this report in more detail.
ICYMI - Interview with Fintech TV
Vince Molinari talks with Mike Sall, Co-Founder at Goldfinch about why the demand for private credit is increasing as a popular choice of funding.
Source: FINTECH TV
RWA Makes the Rounds
Slow Burn
The team behind Slow Burn shared their latest views on exploring and supporting the real world asset ecosystem. Since launching earlier this year, they have continued further into this space and presented their latest views and implications of RWA for crypto more broadly. In the spirit of collaboration and progress, they have shared a 40 page deck. Click below and be sure to share any feedback with them!
Link to RWA Deck
CoinDesk: For Financial Advisors, Real World Assets Could Be a Safe(r) Path to Crypto
Source: CoinDesk
This article features Goldfinch as an alternative investment for clients to find income in their portfolio. As interest rates have risen, many of the RWA options offer double-digit returns through interest, without the crypto volatility risk. They can make low-risk loans in markets where Traditional Finance can’t or won’t go, and keep the process efficient.
Hackernoon: Why RWAs (Real World Assets) will onboard the next $1 Trillion into crypto
Source: Hackernoon
👂From the Community: Tweets and Pics
Community Manager RP speaks about DAOs
Source: Twitter @RP2743
📅 Events
Stay tuned this month for a Bankless Africa and Goldfinch Twitter Spaces - TBD
Monthly Founders AMA in Discord - Next one June 16th 9AM PT / 12PM ET
We always have events in the works, from education to early alpha, so make sure to stay tuned, by following @goldfinch_fi on Twitter, or in the Goldfinch Discord.
🗳️ Governance
Any $GFI holder can make a Goldfinch Improvement Proposal (GIP) via the process here. Voting costs nothing and happens through Snapshot.
Proposals Passed
GIP-48: New Community Management
Summary: This is the proposal for an ongoing community management team structure outlining their roles, responsibilities and compensation. Below is a detailed description of how we define the members of the community management team who will have specific roles and success metrics.
GIP-47: Discord server security audit
Summary: Goldfinch aims to further increase Discord server security by reducing the probability of different attacks on community members. For this reason we ask Goldfinch community to approve a transfer of 5,000 USDC from the budget for community driven activities [according to GIP-36] to compensate expenses of Warbler Labs team for security audit handled by Jon_HQ#0001, who is a well known Discord Security Specialist.
We welcome discussion and ideas for new Governance Improvement Proposals - head over to our #proposals-idea channel in Discord
🎱 Senior Pool / Borrower Pool Updates
Current Senior Pool APY: 10.1% combined (7.8% USDC + 2.3% 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
Total loss rate in the last 30 days: 0
Repayments in the last 30 days: ~$838K USD ($838,482.34)
Protocol Revenue in the last 30 days: ~$97K USD ($97,413.70)
Total Active Loans: ~$103M USD ($102,691,789.77)
See more data on Dune
🧠 Resources
📚 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.
📗 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 6.2.2023. The Senior Pool APY changes based on the amount of capital in, and the utilization rate of, the Senior Pool.