ChainCatcher news, the crypto lending platform Goldfinch announced the termination of its collaboration with its risk management advisor Ajay Gill. Gill was responsible for the liaison between Goldfinch lenders and defaulting borrowers, and he was set to receive $135,000 over six months, but he recently stopped responding to lenders' inquiries.Obinna Okwodu, head of the Goldfinch Foundation, stated on Friday that he will temporarily take on Gill's responsibilities while searching for Gill's successor.

ChainCatcher news, the crypto lending platform Goldfinch has encountered its third default, with affected users calling for Goldfinch to withdraw funds from the protocol's $107 million treasury for repayment. Borrower Lend East previously secured a loan worth $10.15 million with the support of Goldfinch users.On April 1, news reported that Goldfinch protocol parent Warbler Labs announced that Lend East would only be able to repay about $4.25 million of the loan, and stated that Lend East is expected to default on the remaining $5.9 million when the loan matures on April 3. Critics argue that the recurring defaults highlight the difficulties of underwriting loans in emerging markets and expose serious issues with the Goldfinch protocol model.

ChainCatcher news, the RWA DeFi lending protocol Goldfinch stated on social media that the community has approved the deployment of Goldfinch smart contracts on the Base network.It is reported that Goldfinch plans to establish a new Goldfinch governance multi-signature wallet on Base and develop a Goldfinch factory to enable businesses to launch their instances on this platform.

ChainCatcher news, the RWA lending protocol Goldfinch's founder posted on the governance forum that Goldfinch provided a $20 million loan to the U.S. credit fund Stratos in February 2022. As part of the loan, both Warbler Labs and Stratos management participated as first-loss guarantors, but Warbler Labs has discovered performance issues with the underlying loans in the Stratos pool. Stratos's investments in REZI and POKT are facing potential asset value declines that may not be recoverable, with expected maximum losses of $7 million. Warbler Labs will bear all losses related to these investments for the Senior Pool and funders.It is worth noting that Stratos fund had a previous 5-year investment record of $250 million with no overdue payments and an annualized return of 18%. The founder of Stratos is an early advisor to Goldfinch, and Stratos is an equity investor in Warbler Labs.

ChainCatcher news, according to TechCrunch, the RWA DeFi lending protocol Goldfinch has reached an agreement with a $5 million loan defaulter on a loan restructuring plan. This plan may recover the $5 million loan from the defaulter Tugende for its motorcycle financing project in East Africa.The terms of the agreement have not been disclosed. Tugende co-founder and CEO Michael Wilkerson declined to reveal details of the restructuring plan but promised to provide more information in the coming weeks.

ChainCatcher news, the decentralized lending protocol Goldfinch will launch a $2 million transaction with fintech company Fazz Financial, offering users a fixed annual interest rate of 13% USDC, supporting 90-day redeemable loans, with a 60-day advance notice.It is reported that this alternative asset class is not affected by the volatility of cryptocurrency or stock markets, and its returns come from real-world economic activities. This issuance will not be registered under the 1933 U.S. Securities Act or with any securities regulatory authority of any U.S. state or other jurisdiction, and participation in this issuance is limited to U.S. accredited investors and non-U.S. persons who have completed accredited investor certification through Parallel Markets.According to RootData, Goldfinch has completed three rounds of financing, raising a total of $37 million, with participation from a16z, SV Angel, Alliance DAO, Balaji Srinivasan, Ryan Selkis, and others. (Source link)