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Goldfinch · Jun 2, 2023

Goldfinch Update #47

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Goldfinch · Goldfinch

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 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

  1. 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

Community Manager RP speaks about DAOs

Source: Twitter @RP2743 

  • 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

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

📚 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.

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