Governance

Governance is managed by a community DAO and has the ability to perform maintenance functions and parameter adjustments to the protocol via decentralized voting, including:

  • Upgrading contracts

  • Changing protocol configurations and parameters

  • Selecting Unique Entity Check providers

  • Setting the rewards and distribution of GFI

  • Pausing protocol activity in the event of an emergency

Participation

Anyone can participate in governance by making proposals, discussing them, and participating in Snapshot votes.

Governance Forum

The Goldfinch community governance portal is located at https://gov.goldfinch.finance/. This is a venue for the community to make and discuss proposals. More details on the proposal process are at the governance portal here.

Snapshot Votes

Snapshot votes take place at https://snapshot.org/#/goldfinch.eth. You can use your GFI balance to vote, and the results are calculated according to Quadratic Voting. To ensure sybil resistance with quadratic voting, participants need a Unique Identity NFT (UID) in order to vote.

Governance Council

The Goldfinch Council has been set up to execute limited types of on-chain transactions based on the community Snapshot votes. The Goldfinch Council is a 6-of-10 multisig with 10 members who represent all stakeholders of the protocol:

  • Borrower — Gautam Ivatury, Managing Partner at Almavest, one of the early Borrowers on Goldfinch. Almavest provides debt capital to high-performing companies in a variety of sectors globally.

  • Borrower — Alexandre Liege, CEO of Cauris, one of the early Borrowers on Goldfinch. Cauris is a credit fund created to bring decentralized financing to fintechs in emerging markets.

  • LP/Backer — Deltatiger.eth, an early Liquidity Provider and Backer on Goldfinch. Designed Synthetix monetary policy and active participant in many other protocols, including core team and multisig at boot.finance.

  • LP/Backer — Andrei Ansimov, an early Liquidity Provider and Backer on Goldfinch. Also an early Flashbots contributor and active participant with many protocols.

  • Crypto Community — Manish Adhikari, Goldfinch Discord Community Manager, and blockchain enthusiast.

  • Crypto Community — Viktor Bunin, Protocol Specialist at Coinbase Cloud and active contributor to many crypto communities.

  • Crypto Community — Nat Robinson, Co-Founder & CEO of Leaf Global Fintech, a company using crypto to provide affordable financial services for refugees in Rwanda, Uganda, and Kenya.

  • Early Team — Mike Sall, Cofounder of Warbler Labs, which is part of the Goldfinch community and supports the growth and development of the Goldfinch ecosystem and broader DeFi space.

  • Early Team — Blake West, Cofounder of Warbler Labs, which is part of the Goldfinch community and supports the growth and development of the Goldfinch ecosystem and broader DeFi space.

  • Early Team — Andrew Huelsenbeck, Head of Operations at Warbler Labs, which is part of the Goldfinch community and supports the growth and development of the Goldfinch ecosystem and broader DeFi space.

Community-driven Proposal Tracker

Head on over here to keep a track of current and upcoming proposals.

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