Can I participate in the Senior Pool?

Currently the Senior Pool will only be open to individuals and entities based outside of the USA.

Is there any limit to what I can contribute?

The pool has a general cap of $20M. There is no limit on individual contributions.

What kinds of yield can I earn?

Senior Pool yields on USDC will vary. Initially, with low utilization, there will be 3-6% APY. However, the purpose of opening the Senior Pool is to allow the protocol to extend more loans now that we have a very strong borrower pipeline. As we increase utilization, we are aiming for average base yields of 7-10% APY from the loan interest.

Is there a token?

While there are no GFI at the moment, the protocol is designed for LPs (including early LPs) to receive GFI rewards. In short, we expect that, yes, LPs will receive GFI. We don't know about specific amounts or an exact timeline for a GFI launch, but we will share more details as they become available. The FAQs and white paper have been updated to reflect this more clearly. You can read the updated whitepaper here: ******https://goldfinch.finance/goldfinch_whitepaper.pdf.

How do I sign up and what are the next steps?

The first step is to visit https://app.goldfinch.finance/verify and verify your address. Within 48 hours, we will send you an email notifying you of successful verification. The email will include a link to access to Senior Pool. If you encounter any issues, please contact us on Discord or by emailing [email protected].

Please note that ID verification is conducted through a trusted 3rd party provider (Persona), and that Goldfinch will not retain any of your personal ID information.

How does the Senior Pool work?

The capital in the Senior Pool is automatically allocated to the senior tranches of Borrower Pools, which Borrowers use to borrow capital. As Borrowers make repayments, they are applied back to the senior tranche, providing yield to the Senior Pool. You can see full details in the whitepaper here: https://goldfinch.finance/goldfinch_whitepaper.pdf.

Is there a lock up period for contributions to the Senior LP Pool?