The Beak: Goldfinch Community Newsletter #8
You heard it straight from the beak (of the community).
As always, here’s a rundown of recent highlights for the protocol, a pulse on the community, and the latest news on new Borrower deals.
🎙️Highlights of the week
🌿 US accredited investors can now participate in the Goldfinch protocol. Head here to get started. If you have any questions or feedback about the verification process, please reach out in the #verification-uid-support channel on the Goldfinch Discord or hi@goldfinch.finance.
🚀 Addem Capital will open a pool for $10 M USD on April 20th, 2022, at 8:00 AM PST. Add it to your calendar.
✅ Almavest’s $10M USD pool was filled on April 12th, and the Borrower has already drawn down their credit line to start making real-world loans. Thank you to all Backers who participated!
🎱 Senior Pool / Borrower Pool Updates
The Senior Pool is the lower risk, lower return option for USDC yields. The USDC supplied is diversified across different Borrowers.
👴🏽 Current Senior Pool APY: 22.96% combined (7.84% USDC + 15.12% GFI, the Goldfinch token)
Disclaimer: The Senior Pool APY is dynamic, and this a snapshot of the APY from today. It changes based on the amount of capital in and the utilization rate of the Senior Pool.
Borrower Pools are the more active, higher risk, higher return option for USDC yields. These normally close for participation within a week.
🚀 Addem Capital will launch a pool for $10 M USD on April 20th, 2022. Read their bio here.
✅ Almavest’s $10M USD pool was filled on Tuesday, April 12th.
👀 There will be one new pool coming in April – see our calendar for the exact dates.
📅 Events
🎤 Earlier this month, Aaron from Warbler Labs was on a panel at Celo Connect where he discussed the future of financial credit with friends from Masa Finance.
📹 See recordings of our past events and playlist of Town Halls on Youtube.
🗳️ 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.
💡 No new updates this week, but head over to the #proposals-ideas channel on Discord for energizing discussions on what the community wants to build next.
📰 Goldfinch in the Media
🙏🏾 Thank you @NikMilanovic for highlighting the end borrowers in Almavest’s carbon-neutral pool.
💪 And Ben Sheppard, we are with you on that one.
❓FAQs
Does Goldfinch provide loans to startups?
Right now, Goldfinch is only lending to credit funds and fintechs that are Series B and beyond.
📊 Stats
🐦 47,110 Twitter Followers
0⃣ Defaults in the last 30 days: 0
💰 Repayments in the last 30 days: ~$1 million USD ($994,117.45)
🔒 TVL (Total Value Locked): ~ $112 million USD ($112,162,661.46)
💵 Total Active Loans: ~$92 million USD ($92,220,336.973)
📊 See more data on Dune
🧠 More Info
📚 Want to get started? See our simple protocol guide
☕ Book a slot to chat with Warbler Labs team members here
💰 Want to deposit capital in the protocol, but would rather chat with a human face first? Fill our form here and our team will get back to you
🛠️ Find job openings for different positions at Warbler Labs here. Come Buidl with us!
📗 Read our Borrower Profiles here
🐦 Follow us on Twitter, join our Discord, and see the latest governance activity on Discourse