Svmuu News: The Goldfinch community, a decentralized lending protocol, has released a proposal titled “Approval of Goldfinch Operations and Maintenance and the Phased Wind-Down of Goldfinch Prime.” Voting will close tomorrow, and the proposal currently has a 100% approval rate.
The proposal calls for the orderly winding down of Goldfinch Prime’s operations and the transition of Goldfinch to “maintenance mode.” Subsequent efforts will focus on supporting the ongoing liquidation of the historical borrower pool, maintaining access to older versions of the application so users can continue to receive repayments and principal, and completing the shutdown of the foundation and related administrative obligations.
Additionally, Warbler Labs will receive a fixed service fee of $150,000, of which $100,000 is new funding and $50,000 comes from the reallocation of previously approved operational funds. These funds will be used to support the liquidation and business transition of Goldfinch Prime and the Foundation, as well as the technical and operational maintenance of the historical borrower pool for the next two years or longer.
Previously, Goldfinch completed a $25 million funding round in 2022, led by a16z.