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Goldfinch V1 Documentation
Goldfinch V1 Documentation
  • Introduction
  • Goldfinch Overview
  • Protocol Mechanics
    • Glossary of key terms
    • Borrowers
    • Auditors
    • Backers
    • Liquidity Providers
    • Leverage Model
    • Membership
    • Investor Incentives
      • Backer Incentives
      • Senior Pool Liquidity Mining
    • Unique Entity Check
    • Discussion of Fraud Resistance
    • Staking
    • GFI Token
    • Liquidity & LP Withdrawals
    • Default Process
  • Governance
  • Tokenomics
    • Token Launch FAQ
  • Unique Identity (UID)
    • For Users
    • For Developers
    • Unique ID FAQ
  • Borrower Communication
  • Investor How-To
    • Getting Started on Goldfinch
    • Verifying Your Identity
    • Participating in Callable Deals
    • Participating in the Senior Pool
    • Participating in Borrower Pools
    • Participating in Liquidity Mining
    • Claiming GFI Distributions
    • Accessing Borrower Communication Channels
    • Purchasing coverage with Nexus Mutual
  • Borrower Mechanics
    • Raising Capital through Goldfinch
    • Goldfinch's Capital Providers
      • Sample Backer Economics
    • Goldfinch's Borrowers
      • Template Borrower Deal Structures
      • Borrower Case Study
    • Structure and Legal Considerations
      • Cash in and out of Goldfinch
        • Recommended Service Providers
      • Investor KYC / AML Requirements
      • Key Mechanics to Consider
        • Debt Facility Mechanics
        • Transaction Documentation
      • Borrower Senior Pool Participation
      • Backer Transferability
  • Borrower How-To
    • Launching a Borrower Pool on Goldfinch
      • Stage 0: Preliminary Actions and Decisions
      • Stage 1: Deal Structure and Timelines
      • Stage 2: Dataroom Preparation
      • Stage 3: Announcements and Tooling Set Up
      • Stage 4: Borrower Closing
  • General FAQ
  • 🔗Important links
    • Governance Portal
    • Developer Docs
    • Protocol Data Dashboard
    • Borrower Impact Data
    • November 2021 Audit
    • Immunefi Bug Bounty
    • Github
  • 🔗Connect
    • Discord
    • Twitter
    • Medium
    • Weekly Updates
    • Backer Launch Updates
    • Telegram
    • Youtube
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  1. Protocol Mechanics

GFI Token

GFI is the official token of Goldfinch.

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Last updated 2 years ago

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The for GFI is 0xdab396cCF3d84Cf2D07C4454e10C8A6F5b008D2b.

The Goldfinch Protocol's core native token is GFI, and it is used for the following purposes:

  • Community Governance: GFI is the token used for Community Governance. GFI holders can participate in governance to decide the direction of the protocol. .

  • Participant Incentives: All participants receive ongoing rewards to incentivize their participation. This includes liquidity mining for Liquidity Providers who supply to the Senior Pool. Learn more about Investor Incentives , and Staking .

  • Community Grants: The community can provide grants and/or bounties to participants that meaningfully contribute to the Goldfinch protocol and ecosystem.

According to the whitepaper, GFI will also serve the following functions. These are not live yet, but it is expected that the community will introduce and vote on proposals for them in the coming months:

  • (More) Participant Incentives: Backers who both supply to Borrower Pools and stake on other Backers, Auditors who stake to participate in votes, and Borrowers who successfully repay their pools.

  • Backer Staking: Backers can stake their GFI tokens on other Backers in order to give them additional leverage when participating in Borrower Pools. This GFI also serves as a backstop against potential loan defaults.

  • Auditor Votes: Auditor votes are required to grant Borrowers permission to borrow from the protocol, and Borrowers pay for these votes with the GFI token.

  • Auditor Staking: Auditors stake the GFI token in order to be selected to participate in Auditor Votes.

You can learn more about the GFI distribution parameters and inflation in the of the documentation.

contract address
Learn more about Governance here
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Tokenomics section