Goldfinch community proposal enters maintenance mode and gradually winds down Prime business, current approval rate at 100%

Odaily Planet Daily News Decentralized lending protocol Goldfinch community has released a proposal titled "Approving Goldfinch Operations Maintenance and Gradual Wind-Down of Goldfinch Prime," with voting set to end tomorrow and a current approval rate of 100%.

The proposal includes an orderly cessation of Goldfinch Prime business operations and transitioning Goldfinch into "maintenance mode." Subsequent efforts will focus on supporting the continued liquidation of historical borrower pools, maintaining access to the legacy version of the application so users can continue to claim repayments and principal, as well as completing the foundation's closure and related administrative obligations.

Additionally, Warbler Labs will receive a fixed service fee of $150,000, of which $100,000 is new budget allocation and $50,000 comes from the reallocation of previously approved operating budgets. These funds will be used to support the liquidation of Goldfinch Prime and the foundation, business transition, as well as technical and operational maintenance of historical borrower pools for the next two years or more.

Previously, Goldfinch completed a $25 million funding round in 2022, led by a16z.