The Goldfinch community is thrilled to announce the launch of the Flight Academy - a program for Backers to learn and teach one another about global debt capital markets. More details on the program and how to get involved here: .
Two exciting announcements: 1) The protocol has now deployed over $12M and 2) the Senior Pool cap is increasing by $5M to $25M starting tomorrow. Read more here: .
1/ 🌎 DeFi for the world is here! 🔥
We’re proud to present to you an interactive demo of what we believe is the future of DeFi UX.
DeFi shouldn’t just be for the niche DeFi enthusiasts. It’s for everyone. It’s for the world.
The Senior Pool cap has now been raised by another $15M to $40M.
You can access the Senior Pool here: .
You must be registered in order to access the Pool, and can do that here: .
DeFi today has over $165 billion Total Value Locked, according to
@DefiLlama
But how do we increase the utility of all that capital, and bring DeFi to the real world?
Enter
@goldfinch_fi
...
...in this week's edition of The Flip Notes.
Thread 👇
QuickCheck was among the first Borrowers using the Goldfinch protocol. Check out Goldfinch's first Borrower Spotlight, featuring a customer of QuickCheck in Nigeria:
/0 We're thrilled to announce 1.) We have raised $11M led by
@a16z
crypto, 2.) We're announcing our Backer Program, and 3.) We can now point to the whitepaper that serves as the basis for the protocol. Thread 👇
6 months later this still rings true.
Borrowers are FinTechs + credit funds driving off-chain growth worldwide.
Pools are fully collateralized off-chain by real-world assets and income.
Built for long-term, sustainable yields, that won’t disappear with crypto market volatility.
Important reminder:
@goldfinch_fi
’s stablecoin rates, protocol revenue, and borrowing volume holding steady while most protocols experience a flatline or decline in core metrics is a testament to the long-term stability of bringing real-world investment to crypto.👇🧵
We’re excited to announce
@heron_finance
has officially launched on the Goldfinch protocol!
Heron Finance is an onchain SEC-registered investment advisor (RIA) and is a robo-advisor focused exclusively on private credit. Private Credit has a 30 year track record of yielding…
We're thrilled to announce that our community has approved the deployment of the Goldfinch smart contracts on
@BuildOnBase
L2!
This strategic move aligns with our mission to make the power of crypto accessible to a broader audience by improving user experience and reducing gas…
Excited to see the live launch of
@heron_finance
, open for investment and built on top of
@goldfinch_fi
.
US accredited investors can now build a portfolio of private credit deals on Heron Finance.
✅
@Coinbase
integration for USDC funding
✅Seamless passkeys account creation…
Is Ethereum the most inclusive institution in history?
@_blakewest
outlines an argument for why this is true in this week's installment of Crypto Thoughts. Read more here:
The Goldfinch protocol has just provided Tugende, an asset-financing company empowering East-African entrepreneurs, with a $5M loan. This brings the total loans deployed through the protocol to $17.7M. Read more here:
👀Have you read the new
@TACoalition
Report?
The State of Asset Tokenization 2024 Outlook can be downloaded and read at
Attached pics include a sneak peak on the section from
@goldfinch_fi
contributor
@CarterAppleton
on Bringing Crypto to the World!…
Important reminder:
@goldfinch_fi
’s stablecoin rates, protocol revenue, and borrowing volume holding steady while most protocols experience a flatline or decline in core metrics is a testament to the long-term stability of bringing real-world investment to crypto.👇🧵
We are very excited to announce that Almvavest has drawn down another credit line from the protocol. This brings the total amount deployed to $5.2M, and extends the protocol's reach to India and East Africa. Read more here:
Great to see this latest report from
@Grayscale
on Blockchains and the Tokenization Revolution!
It covers Tokenization - present and future and includes notable launches - such as the Goldfinch launch for credit and other members of the Tokenized Asset Coalition…
Engineers working on the Goldfinch protocol meet weekly for a "Security Lunch Hour." This week, they focused on understanding the recent issue with
@compoundfinance
. Read their detailed analysis in
@gregan8
's thread below.
During
@goldfinch_fi
's weekly "Security Lunch Hour" we decided to do a deep dive on yesterday’s
@compoundfinance
incident of the Comptroller.sol mistakenly distributing rewards of ~280,000 $COMP tokens ($83m usd).
Almavest () will use the capital to invest in a) inclusive projects including microfinance and small businesses and b) carbon reduction project developers. Supporting both underserved borrowers *and* the environment!
New Governance Post - A Blueprint for Goldfinch
- Warbler provides their view on why growth on the protocol has stagnated, and provides a blueprint to overcome it.
- Warbler will build the first robo advisor for private credit, creating an example for other lending businesses to…
Goldfinch 🤝 Frax
Thank you to the
@fraxfinance
community for passing the proposal to launch a $100M Goldfinch AMO, supplying capital to the Goldfinch Senior Pool!
Learn more in our announcement:
Exclusive from
@axios
: Warbler Labs launches SEC-registered robo-advisor on a blockchain
"The founders of Warbler Labs, the company behind the Goldfinch private-credit DeFi lending protocol, has launched a robo-advisor built on top of [Goldfinch, called Heron Finance].
Why it…
As members of the Tokenized Asset Coalition
@TACoalition
, we applaud the innovative steps towards
#tokenization
in finance. Education and advocacy are key to navigating this new terrain. Together, we can build a more inclusive financial system📘🤝
Last month the community approved the Blueprint for Goldfinch outlining a strategy for target growth and commitment to creating an ecosystem of interoperable loans onchain.
We are thrilled with Variable Finance's announcement earlier today as the 1st to make use of the Goldfinch…
🙌 Our very own
@goldfinch_fi
contributor
@daltyboy11
spotted this shoutout for Goldfinch in
@brian_armstrong
's “Top 10 Ideas he’s most excited about” with 9. being the Tokenizing Real World Assets
~19 min mark for his thoughts on how tokenization makes asset classes like debt…
1/ I'm sharing the 10 ideas I'm most excited about in crypto right now. If you're building something in crypto or thinking about doing so - check it out.
We’re building lots at Coinbase, but we don't have time to tackle everything. So I figured I'd share these. Bear markets are…
Fazz Financial completes full repayment to Goldfinch.
Fazz was the first callable loan deal on Goldfinch - a flexible structure where both the borrower and lender had the option of actioning early repayment. Fazz's choice to repay the principal early is…
🦜
@goldfinch_fi
is one of the projects I'm most excited about in DeFi today.
@sall
shares how he left Coinbase to start a company that's banking the unbanked. Many valuable lessons for DeFi founders here!
Watch
@seyob
share more with the
@Seedstars
community about using Goldfinch protocol loans as a new source of non-dilutive capital for real-world businesses:
1/ Fazz Financial deal is now live! This exclusive opportunity offers access to a vetted private credit deal, 13% USDC APY returns and a new 90-day callable option that offers more Backer liquidity than ever before!
🏦 One of the most promising revolutions of DeFi is empowering anyone in the world to be a lender, not just traditional banks. But lending can feel overwhelming.
What questions do you have when deciding if you want to provide capital to a crypto protocol?
#DeFi
#TradFi
#fintech
US-based GFI holders can now participate in governance voting by obtaining a new Unique Identity (UID) for US individuals (released today). 🇺🇸
This is a big first step in allowing US individuals to participate in shaping the future of the Goldfinch protocol!
More details 👇
Cauris (), a team bringing DeFi to fintechs, has raised $5.1M through the Goldfinch Protocol. This is the first step in raising a larger $100M fund focused on driving financial inclusion for 100M people around the world.
Read more:
📢 BIG ANNOUNCEMENT | U.S. accredited investors (individuals + entities) and non-U.S. entities can now participate in:
💪 Senior Pool as LPs (~20 - 30% APY Gross), and
💰 select Borrower Pools as Backers (~40 - 70% APY Gross).
Head to to get started.
"Platforms like Goldfinch ... are now able to finance emerging market lenders with increased acceptance of stablecoins ... its now easy for a foreign lender to access Nigeria and other African markets. It truly is a global market place now."🙏🏽
#Stablecoin
#Lending
#web3
#DeFi
The Goldfinch Protocol has provided data-driven financing platform, Divibank (), with a $5M debt facility to give LatAm businesses access to non-dilutive growth capital. Read more here:
We're back, and this time speaking in front of an audience in India!
Thanks
@CoinDCX
for inviting Goldfinch contributor
@aaronherawan
to share his perspective and experience on the Tokenization of Real World Assets.
Events starts tmrw Oct 19-21, 2023.
17:30-18:10 (Virtual) -
Top
#Web3
leadership Gabriel from Dinari and
@aaronherawan
from Goldfinch - Warbler Labs explore the transformative power of Web3 with a discussion on ‘Tokenization: Impending Frontier of Growth in the Next Bull Market’ moderated by
@rishabhmansur2
Over $100 million in active loans surpassed today
... probably nothing 👀
🎉
Congratulations to our
@goldfinch_fi
community for driving financial access worldwide!
1/ We’re excited to share that Goldfinch will launch a $2M deal with Fazz Financial, a Singapore-based Series C Fintech backed by Tiger Global, offering 13% fixed USDC APY with a 90-day call feature. Sign up to learn more at:
And lastly, liquidity mining is live for the Senior Pool, effective immediately. To receive GFI distributions through Senior Pool liquidity mining, you will need to stake your FIDU. You now can do this at . [7/8]
An exciting aspect of Goldfinch's governance is that it uses quadratic voting (). By using UID (an NFT for ID) to prevent sybil attacks, Goldfinch is able to be the first protocol to use quadratic voting with entirely on-chain data! 🗳 [5/8]
Defi is an opportunity to disintermediate complex tradfi processes in order to benefit borrowers + investors. As a bridge b/w defi + the real-world, Goldfinch aims to tackle these inefficiencies.
A 🧵 of observed problems in tradfi debt supply chains + how Goldfinch solves them:
With the drawdowns of the
@Caurisfinance
, Stratos and Almavest Borrower Pools, the Goldfinch protocol has almost DOUBLED its active loans in the last week to $79M.
Congratulations to our partner
@alloyx_xyz
on their pre-seed raise and the launch of their blended vault with combined tokenized credit and US T-bills!
Thrilled to announce our $2M pre-seed raise led by
@hack_vc
with
@circle_ventures
@dcgco
and others to support our vision of bringing composability, flexibility and efficiency to
#RWA
Greenway is an India-based manufacturer and distributor of clean cookstoves. Since May 2021, Greenway has sourced $750,000 in debt from the Goldfinch protocol via the credit fund, Almavest.
Read more here:
For Part 1 of
@goldfinch_fi
's educational series on real-world assets for the
@AaveAave
community,
@puniaviision
of
@warblerlabs
published "Why RWAs Are Important to DeFi" in Aave's Learning Center.
Learn how RWAs can bring stable growth to DeFi:
Are you part of the
@AaveAave
community?
@puniaviision
of
@warblerlabs
submitted an Aave governance proposal for
@goldfinch_fi
to provide Aave with educational resources, to help them navigate incorporating Real-World Assets [RWAs] to their strategy:
Several individuals have been impersonating Goldfinch & scamming people with promises of a "token presale". Goldfinch is not doing any token presale now, or in the future. Please only trust the official Twitter handle & website as sources of information. [1/3]
@BuildOnBase
Our deployment on Base is another step towards creating real-world applications that appeal to a wide audience, similar to the vision of
@coinbase
connecting to the masses. This deployment opens new business avenues and leverages the technical strengths of Base, demonstrating our…
We're using crypto at
@goldfinch_fi
to lend to underserved borrowers & expand access to capital in emerging markets.
In just 1 year, Goldfinch facilitated $80M+ in loans across the Global South, including Kenya, Ghana, and Nigeria - reaching 230,000+ end users.
Looking forward to seeing more blockchain and crypto projects make an impact in Zambia and in Africa more generally!
Lots of work to be done in scalability, easy-to-use wallets and other important areas, but many unique opportunities as well.
Before the weekend, something to look forward to next week:
Join
@goldfinch_fi
and
@CeloOrg
for a special Twitter Spaces with guests from
@a16z
and
@MCSocialVenture
🎉
Tue 8/9 at 9:30AM PT / 12:30PM ET
Set a reminder on Twitter Spaces:
Goldfinch grew its outstanding loans by $30M+ in the last week alone - with more loan growth on the way.
The open $10M Cauris pool with 17% fixed USDC APY + tokens is closing soon.
Check it out:
Access the Data Room:
Third, GFI tokens have been allocated to over 13K participants in the Goldfinch protocol, including retroactive distributions for Liquidity Providers in the Senior Pool, and Flight Academy participants. You can see and claim GFI distributions at . [6/8]
📣 We are happy to announce that the first ever Goldfinch Credit Analysis Grant program is now live and open for applications!
We will pay 1,000 USDC to our most qualified community members to write Credit Analysis Memos on Goldfinch borrower pools.
👇This could be you!
Goldfinch has issued over $100M in loans to help scale businesses in emerging markets.
But does macro analysis show that emerging markets are a growing opportunity for investors?
Here are some highlights from our recent post on emerging markets 🧵
BORROWER POOL UPDATE:
💰$7.3M+ in repayments in the last 30 days
0⃣ Zero defaults
This is a testament to Goldfinch's Borrowers: reputable, real-world operators with track records of successful lending activity.
⏩The track records now continue into DeFi.
✨ If you're a non-US resident,
@goldfinch_fi
allows anyone to lend USDC and earn a combo of borrower interest + GFI tokens (59.35% APY).
👋 Just a heads up, the GFI token based APY will drop if/when GFI price drops, like all DeFi yields.
👉 Learn more:
If you’ve ever wanted to learn more about participating in a DAO, Goldfinch contributor and community manager
@RP2743
spoke on a panel earlier today.
Catch the recording here 👇
Featured role of the day: Web3 Engineer at
@goldfinch_fi
"We're a decentralized credit platform that's using crypto to empower financial inclusion around the world. Our vision is to build a global, decentralized network that allows anyone to be a lender."
Second, the protocol is now governed by the community via the Goldfinch Council and the community can actively participate in governance at . Snapshot voting is also live at . [4/8]
In one year,
@goldfinch_fi
has grown to $78M+ in active loans across 300k+ end borrowers. Yet this is just a tiny drop in the bucket of where we're really heading.
Curious about the future and the roadmap to get there?
Join us in <10 min to find out.
Learn more about trends in private credit and direct lending in this latest
@FintechTvGlobal
interview with Goldfinch Co-Founder Mike
@sall
held at the New York Stock Exchange.
We are very excited to announce that Sam Eyob
@seyob
has joined Goldfinch as our new Chief Investment Officer. Read more about this and other updates here:
Are you part of the
@AaveAave
community?
@puniaviision
of
@warblerlabs
submitted an Aave governance proposal for
@goldfinch_fi
to provide Aave with educational resources, to help them navigate incorporating Real-World Assets [RWAs] to their strategy:
This week with The Beak
#4
:
💯 TVL surpassed $100M
💰 $8M repaid in the last 30 days
💳 WalletConnect shipped
🌆 Approval for US + nonUS entity participation
On tap next week:
🔊 Roundtable on best stablecoin opportunities feat.
@RennickPalley
@StratosXYZ
Almavest, an impact financing platform, opened a $10M Borrower Pool to finance their 6th loan on the protocol.
Evaluate the current and prior Borrower Pools here: .
Learn how Alma generates both returns and positive impact here: . 1/2