GIP-67: Should "New Proposal for Using GFI to Help With Principal Loss" be approved?

GIP-62 and 63 both failed when voted on. However, it was one of the closest votes we’ve seen in Goldfinch history. Also, there continues to be much discussion within the community about helping backers of LendEast and perhaps other pools in the future. This proposal offers a new take, which is hopefully a compromise that can bring agreement from both sides.

Specifically, it proposes reducing the overall amount of GFI that could ever be used from 1.5M to 1.2M while increasing the per pool total cap from 30% → 45%. There would still be 10% set aside for legal fees. So this means a total of 2 pools could have this protection (45 + 45 + 10 = 100).

The rest of the proposal would be the same as GIP-63.

“YES” - Allocate 1.2M GFI toward loss recovery efforts according to the specifics outlined in the proposal

“NO” - Do nothing.