Proposal Background and Voting Progress
The decentralized lending protocol Goldfinch community has recently published a key proposal titled "Approval of Goldfinch Operations Maintenance and Gradual Liquidation of Goldfinch Prime." This initiative aims to guide the protocol into a new operational phase. Currently in the voting stage, the proposal will conclude tomorrow. According to the latest data, the approval rate stands at 100%, reflecting strong consensus within the community.
The core content of the proposal includes the orderly termination of Goldfinch Prime's business operations and the transition of the entire Goldfinch protocol into "maintenance mode." This means the protocol will no longer actively pursue new business but will focus on handling historical affairs.
Specific Arrangements Under Maintenance Mode
Under maintenance mode, Goldfinch's priorities will include supporting the ongoing liquidation of historical borrower pools to ensure borrowers can repay debts as planned, while maintaining access to historical versions of the application so that users can continue to claim repayments and principal. Additionally, the team will complete the shutdown of the foundation and related administrative obligations to ensure all legal and financial matters are properly handled.
To facilitate this transition, the proposal specifies that Warbler Labs will receive a fixed service fee of $150,000. Of this amount, $100,000 is new budget allocation, and $50,000 is reallocated from previously approved operational budgets. These funds will be dedicated to supporting the liquidation of Goldfinch Prime and the foundation, the business transition, and the technical and operational maintenance of historical borrower pools for two years or longer.
Historical Funding Review
Previously, Goldfinch completed a $25 million funding round in 2022, led by renowned venture capital firm a16z. That funding provided ample capital for Goldfinch's early development. Now, with the progression of this proposal, the protocol is shifting to a conservative operational model, focusing primarily on safeguarding existing user assets and ensuring a smooth liquidation process.