After reviewing the current status of Goldfinch Prime, legacy borrower pool recoveries, ongoing operational requirements, and available resources, we believe the best path forward is to begin an orderly wind-down of Goldfinch Prime and to move Goldfinch into “maintenance mode” solely focused on supporting the collection of remaining legacy borrower payments.
This proposal recommends Goldfinch stop pursuing new protocol development and new growth initiatives. The remaining focus would be on:
Supporting ongoing resolution of legacy borrower pools; Preserving access to the legacy Goldfinch app so users can continue to collect repayments and capital available to them; and Responsibly winding down Foundation operations and administrative obligations As part of this plan, Warbler Labs would receive a fixed services payment of $150,000, consisting of $100,000 in new budget and $50,000 repurposed from previously approved operational budget. This would be for supporting the Goldfinch Prime and Foundation wind-down, transition work, and both technical and operational maintenance going forward for legacy borrow pool resolution over the next two or more years.
Voting : "YES" - Approve the wind-down process and budget "NO" - Do not approve this plan