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GoldfinchGoldfinchby0x501B06e19675Eb0107ad13e7d3379c3389222f200x501B…2f20

GIP-41: Should "Appoint Warbler Labs to act on behalf of the Goldfinch Community" proposal be approved?

Voting ended almost 3 years agoSucceeded
  • Tugende Kenya is in breach of two of their financial covenants - their Loan-to-Value covenant and their Tangible Net Worth to Total Assets covenant.
  • Tugende has NOT missed any payments since their loan began in Oct’21, including their Feb’23 interest payment which can be found here 5. In addition, they have shared that they will continue to make their interest payments on time.
  • Tugende is also eager to work collaboratively with the community to resolve this breach and is already actively taking steps to remedy the situation.
  • We believe there is an opportunity to treat this as a case study and for Warbler to illustrate how we can create a process to collaboratively manage RWA risk with Tugende to resolve this breach and bring them back into compliance.
  • We also believe there is an opportunity to create a standard for transparency and risk management for Real World Asset protocols more broadly.
  • Voting Yes would affirm Warbler Labs should act on behalf of the Goldfinch Protocol in the resolution of this covenant breach.

YES - Warbler Labs should act on behalf of the Goldfinch community in the resolution of the Tugende covenant breach.

NO - Warbler Labs should not act on behalf of the Goldfinch community in the resolution of the Tugende covenant breach

Off-Chain Vote

YES
703.75K GFI100%
NO
39.05 GFI0%
Quorum:282%
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Discussion

GoldfinchGIP-41: Should "Appoint Warbler Labs to act on behalf of the Goldfinch Community" proposal be approved?

Timeline

Feb 22, 2023Proposal created
Feb 22, 2023Proposal vote started
Feb 25, 2023Proposal vote ended
Oct 26, 2023Proposal updated