The Beak: Goldfinch Community Newsletter #3
You heard it straight from the beak (of the community)
“The Beak” provides the rundown of recent highlights for the protocol, a pulse on the community, and the latest news on new Borrower deals. Enjoy our third edition!
🎙️Highlights of the week
🗺️ Mike Sall and Blake West (founding members of the protocol) discussed the community roadmap in last week’s Town Hall here (~10 min mark)
🏢 Anchorage, a leading digital asset platform for institutional investors, now supports Goldfinch
🔙 You can now view a calendar of the upcoming Borrower Pools (participation opportunities for Backers) here
🌍 We’ve had vibrant conversations by professionals in fintech discussing current issues here, in our Discord channel #fintech-tradfi-lounge
🎱 Senior Pool / Borrower Pool Updates
The Senior Pool is the simple, lower risk, lower return option. Learn more here.
👴🏽 Current Senior Pool APY: 7.91% USDC (33.95% with GFI).
Backer Pools (or Borrower Pools) are the more active, higher risk, higher return option for investing. These normally close within a week or two.
⏳ There are currently no Backer Pools open. Interested in participating in future pools? Stay tuned to the newsletter, or bookmark our calendar.
📰 Goldfinch in the Media
We got a shoutout in this TechCrunch article about Hack VC, one of our investors. 🙏🏽
Tweets of the week from Barracuda. 🙏🏽
Interested in being featured here? Tweet at @goldfinch_fi!
📅 Events
🏛️ Every Friday at 9:30 AM PST, starting March 11th, Warbler Labs will host a Town Hall – often with the founding members of the protocol, including Mike Sall and Blake West. Ask your questions and set a reminder for the next one here.
🗳️ Governance Proposals & Protocol Updates
GIP stands for “Goldfinch Improvement Proposals.” Anyone can push for a GIP using the Governance Process laid out here. Voting costs nothing and happens through Snapshot, though you need to hold GFI (tokens) to participate.
GIP-03 No cost/forfeit to swap FIDU into Backer NFTs (Approved)
This proposal enables FIDU holders to use their FIDU to invest in junior tranches at the exchange rate without incurring penalties on GFI rewards and without paying withdrawal fees.
🕰️ Status: This was voted upon by 34 voters with 96.93% in favor. The Council has also given its soft approval, and the buidlers are busy buidling.
GIP-04 Expand Eligible Voting GF (Snapshot)
This is a meta-governance proposal, which will allow locked tokens from the various airdrops to be used for governance voting on Snapshot. Read the proposal here.
🕰️ Status: The proposal was put on Snapshot for voting. It has had at least 25 voters, and is leaning towards a YES vote.
GIP-06 Proposed Goldfinch Roadmap (Discussion)
This is about the future of the Goldfinch protocol, as proposed by Blake West and Mike Sall, the co-founders of the Goldfinch protocol.
🕰️ Status: This proposal is up for discussion. We highly encourage all parties interested in the future of Goldfinch to participate in the discussion.
❓FAQs
I am interested in borrowing from the Goldfinch protocol. How do I get in touch?
Please fill out this Borrower Inquiry form. Learn more about being a Borrower with Goldfinch here.
Have you released more GFI/token? Are there 56 million GFI in circulation, as Coingecko showed this week?
This is a mistake from Coingecko. No actual change in circulating has happened. Initially, all team and investor tokens were moved to a single wallet on Coinbase Custody (who enforces the vesting). They are all still on Coinbase custody, but are being moved to different wallets, and to the investors' wallets. We are working with Coingecko to get this resolved.
I’m interested in supplying $100k+ of capital to the Senior Pool or the Borrower Pools, but I would feel more comfortable chatting with one of the core contributors. How do I get in touch?
Please fill out this form and we will get back to you with more information.
📊 Stats
🐦 46,628 Twitter Followers
0⃣ Defaults in the last 30 days: 0
💰 Repayments in the last 30 days: 7,365,117.49 USD
🔒 TVL (Total Value Locked): 91,481,937.18 USD on March 3rd, 2022
💵 Total Active Loans: 73,418,598.95 USD on March 3rd, 2022
📊 See more data on Dune
🧠 More Info
📚 On the fence and want to get started? See our simple protocol guide
🐦 Follow us on Twitter, join our Discord, and see the latest governance activity on Discourse
🛠️ Find job openings for community, marketing, engineering, and other positions here. Come Buidl with us!