Should the existing Leverage Ratio be increased from 3x to 4x?

This builds on the back of a proposal by @Billy Bill which was supported by @SAM226 in Discord to increase the existing Leverage Ratio from 3x to 4x. This proposal is further backed by the scale Goldfinch has achieved deploying $39m across 18 countries with a 0% default rate. This proposal suggests Goldfinch take on incremental risk with the leverage ratio which would result in higher APY’s for Backers (in addition to this existing GFI rewards), and a higher utilization of the Senior Pool.

More concretely, this proposal suggests two things for consideration by the community:

1. Goldfinch increases the Leverage Ratio from 3x —> 4x resulting in: a. On average increasing their top-line APY returns by 2-3% (eg. 15% → 18%) b. In exchange for Senior Pool decreasing the first loss portion by a modest 5%, but also being able to increase pool utilization and Senior Pool APY’s given more senior capital is deployed into every pool c. Borrowers would be able to close pools more quickly due to smaller Backer pools being required
2. This would affect any open pool from Almavest Basket #6 onwards until either a new leverage ratio has been approved, or until the automated Leverage Ratio as conceived in the whitepaper goes live.

Proposal discussion: https://gov.goldfinch.finance/t/gip-02-increase-the-existing-leverage-ratio-from-3x-to-4x/789

"Yes" - Increase the leverage ratio from 3x to 4x affecting pools from Almavest Basket #6 onwards

"No" - Do nothing