Question 1

Who backed Goldfinch and how much did they raise?

Accepted Answer

Andreessen Horowitz led Goldfinch's $25 million funding round in January 2022, with additional backing from Coinbase Ventures, SV Angel, BlockTower, and hedge fund manager Bill Ackman.

Question 2

What happened to Goldfinch's borrowers?

Accepted Answer

Of eight borrowers in the protocol's loan book, two are in default and six are undergoing restructuring, according to depositor Edward Morra. Specific losses include a $1.9 million diversion by Tugende Kenya, approximately $7 million impaired in the Stratos pool, and a 58% principal loss on a $10.15 million Lend East facility.

Question 3

How much has the GFI token fallen?

Accepted Answer

GFI traded at its all-time high of $32.94 on January 11, 2022, and now trades below $0.07, a decline of 99.8%. The project's market capitalization dropped from over $390 million in April 2024 to less than $6 million.

GFI

a16z-backed Goldfinch shuts down decentralized credit platform

One sharp brief.
Every day.

GFI

a16z-backed Goldfinch shuts down decentralized credit platform

One sharp brief.Every day.

One sharp brief.
Every day.