How does GoldFinch, launching the governance token, get Coinbase / A16Z?

On January 12, loan company DeFi GoldFinch announced the announcement of GFI, the most common account management system used to govern communities, guarantee insurers, identify and bill buses, and community donations.

A total of 114,285,715 GFIs, of which 4% was returned to Senior Pool participants (5,157 total as of December 14) and 2.85% distributed to Flight Academy participants. The official also said the lake has now started to extract cash.

As a result, CoinbasePro has announced the names of GFI, and GFI trading will begin today if successful.

According to the white paper, GFI typically has the following functions:

1. Community Management: GFI stakeholders participate in the management to determine the implementation of the GoldFinch protocol.

2. Backer Staking: Sponsors can donate GFI tokens from special sponsors to get pre-approval when those sponsors participate in loans. IFMs can also provide a safety net for the investment portfolio.

3. Voting: Voting is required by law for eligible borrowers. Borrowers use GFI tokens to pay for these votes.

4. Contract Author: GFI Token Entrepreneurs will be selected to participate in the voting process.

5. Interactions for participants: All participants receive additional quotas to support participation. This includes financial providers who pay for the pot, sponsors who help borrowers and donate their share to other sponsors, researchers who raffle buses, and well-repaid borrowers.

6. Community Grants: Communities may decide to provide grants to participants who have benefited from the GoldFinch protocol and ecosystem.

The first distribution of all GFI offers is:

Liquidity Cov Chaw Pabcuam 16.2%, lawyers 8.0%, auditors 3.0%, borrowers 3.0%, donors 0.65%, community treasurer 14.8%, early and future teams 28.4%, Warbler Labs 4.4%,

Comment participer au Senior Pool Liquidity Mining

As stated, 8.0% of the tokens will be allocated to the cheapest value of the mining activity. For each block, the IFM is subdivided into all the relevant FIDUs according to the distribution.

The prize distribution is set on a dynamic protocol based on the amount of money in the premium pool associated with the target. First, the target is now set at 100 million FIDU. When interest rates fell below the target, the dividend peaked, which is currently 0.5% per month. When the pool's premium exceeds the target, the dividend decreases, reaching zero when the pool doubles the target. Management can correct all of these limitations. Connection link: https://app.goldfinch.finance/pools/senior.

In other words, when the pool is below target, the distribution will be higher, encouraging more people to contribute to the pool. When the pool exceeds the target, the distribution is lower, resulting in retraction.

Importantly, these allowances are released over a 12 month period to support long term income providers. Financial aid providers can opt out and opt out at any time. If you do this before the full 12 month open period, you will receive a percentage share for the number of 12 months of participation and the remaining sections.

Currently unavailable

As of January 11, 2021, the percentage distribution of the indicator is set as follows:

Protocol management can modify these restrictions at any time.

Project display

The two co-founders of the Goldfinch Protocol, Michael Sal and Blake West, are both from Coinbase. During the Seed, Goldfinch was also sponsored by organizations and commercial VIPs, including Coinbase Ventures. In June 2021, Goldfinch acquired the $ 11 million Series A round led by a16z. On the 7th of this month, Goldfinch once completed the $ 25 million Series A funding led by a16z with the participation of CFO Bill Ackman, crypto investment firm BlockTower and CFO Kingsway Capital. At the same time, Goldfinch announced the restructuring of the Goldfinch Foundation to help the policy move to the next stage of development. The first team after Goldfinch will become Warbler Labs, an independent organization supporting the Goldfinch community and the wider DeFi ecosystem.