An Analysis and Outlook for the Goldfinch (Deep Research)Goldfinch is a decentralized lending protocol that seeks to expand access to capital by creating a global credit marketplace. Goldfinch aims to bring those who have traditionally been left out of financial services, especially in developing countries, into the credit system. This is accomplished through the creation of a single global credit marketplace where borrowers from startups in Lagos to large institutions in New York can access credit from the same capital markets.
RWA
Goldfinch plays a significant role in the real world assets (RWA) space in the context of decentralized finance (DeFi) by providing a unique approach to lending. Unlike many DeFi protocols that require cryptocurrency collateral, Goldfinch specializes in providing unsecured loans. This is accomplished through partnerships with real borrowers and organizations that evaluate borrowers' creditworthiness and RWAs, allowing for greater access to credit beyond the cryptocurrency sphere.
Goldfinch promotes the integration of traditional finance (TradFi) with DeFi through tokenization of real assets. This not only makes investing in DeFi more accessible and understandable for traditional investors, but also expands opportunities to generate income through real economic activity.
The protocol is based on TranchedPool and SeniorPool contracts. TranchedPool divides capital into junior and senior, where junior capital carries the most risk and senior capital is provided through SeniorPool. The CreditLine contract manages loan terms and repayments. Lenders receive ERC721 tokens confirming their right to repay capital and interest. The FIDU token is used to
representing shares in SeniorPool, and GFI is used to manage the protocol. UniqueIdentity and Go contracts define user access to protocol features, and Zapper facilitates the movement of funds between pools. GFI tokens are distributed through eirdrops, staking, and rewards for participants.
Team
Mike Sall and Blake West are co-founders of Goldfinch. Their involvement in the project aims to address financial imbalance by providing access to capital to low-income communities around the world through DeFi's decentralized lending protocol. Their initiative, Goldfinch, aims to serve over 2 million people in 20 countries by focusing on secured loans that are backed and fully secured off-chain. They talk a lot about their mission, discussing growth, improving the user experience at DeFi, and how they believe cryptocurrencies are changing the global economy. Their approach involves extensive user research, looking at various groups including financial giants like Blackrock and Apollo to understand and improve the user experience in the Web3 space.
Mark Roszak is listed as an advisor to Goldfinch, a DeFi project focused on providing access to capital to underserved communities. Given his experience, this role likely includes providing strategic advice on compliance, legal frameworks, and possibly business development.
Fundraising
Undisclosed Round (Feb. 2, 2021)
Raised: $1.00M
Investors:
Coinbase Ventures: Venture arm of Coinbase, one of the largest cryptocurrency exchanges, focusing on early-stage startups in blockchain and cryptocurrencies.
IDEO CoLab Ventures: Known for investing in companies using technology to solve social and environmental problems.
Variant: A venture capital firm focusing on crypto and blockchain technologies.
Stratos Technologies: A blockchain infrastructure company.
Robert Leshner: Founder of Compound Finance, bringing significant experience to DeFi.
Kindred Ventures: Focuses on early stage startups in the technology sector.
This round was key to establishing an initial base, likely used to develop core technology and initial market testing.
Seed Round (June 16, 2021) Raised: $11.00M
Investors:
Andreessen Horowitz (a16z): Lead investor in this round, known for his significant investments in blockchain and technology startups.
Balaji Srinivasan: Former CTO of Coinbase, a well-known figure in the crypto space.
Divergence Ventures: Venture capital focused on crypto and blockchain.
SV Angel: An early stage investment fund.
a_capital: Venture capital specializing in crypto and blockchain.
Ryan Selkis: Founder of Messari, a cryptocurrency market intelligence platform.
This Seed round would be key to scaling operations, expanding the team, and possibly starting to deploy the protocol in the real world.
Series A (Jan. 6, 2022) Raised: $25.00M Investors:
Andreessen Horowitz (a16z): Leading round again, showing strong support.
OrangeDAO: Decentralized venture fund.
Kingsway Capital: Venture capital with interests in blockchain. Blocktower Capital: Hedge fund and investment company,
focused on cryptocurrency.
Stratos Technologies: A returning investor indicating confidence in the direction of the project.
A Series A round usually signifies a project's willingness to significantly expand its operations, improve its technology, and possibly enter new markets or improve its current market presence.
Key Points:
Repeated investments from companies like a16z and Stratos Technologies indicate a strong belief in Goldfinch's mission and technology.
The mix of traditional venture capital, crypto-focused funds, and individual investors with significant influence in the DeFi space shows the broad appeal and potential of Goldfinch.
Each round seems to have been used strategically to build, scale and expand the project, in line with typical startup growth phases but tailored to the unique needs of the DeFi protocol.
Tokenomics
Initial offering: 114,285,714 GFI tokens. There is currently no inflation, but it is believed that the introduction of moderate
inflation in three years could benefit the protocol by rewarding future participants. This will ultimately be decided by the community.
Token distribution
Liquidity Providers (16.2%):
Early Liquidity Provider Program (4.2%): Early Liquidity Provider tokens for early capital contributors, with unlocking for 6 months starting January 11, 2022, and a 12-month transfer restriction for U.S. participants.
Retroactive Liquidity Provider Distribution (4.0%): For 5,157 liquidity providers as of the December 14 snapshot, excluding the early program, with various unlocking terms ranging from immediate to 12 months depending on the contribution.
Senior Pool Liquidity Mining (8.0%): For ongoing liquidity mining, details in the Liquidity Mining section.
Backers (8.0%):
Flight Academy (3.0%): For 10,182 participants outside the US, with unlock schedules ranging from immediate to 24 months.
Backer Pool Liquidity Mining (2.0%): Tokens are distributed as interest is paid, with retroactive distribution for existing backers.
Backer Staking (3.0%): For future staking by backers, not yet implemented but expected to be offered soon.
Auditors (3.0%): Reserved for future Auditors systems, not yet implemented.
Borrowers (3.0%): Reserved for possible future distribution to borrowers.
Contributors (0.65%): For those who have made significant contributions to the community, following a similar unlock schedule as Flight Academy.
Community Treasury (14.8%): For community decision-making such as grants, adjusting minutes, and covering loan defaults. Early and Future Team (28.4%): For initial team, advisors, and contractors, with various unlocking schedules.
Warbler Labs (4.4 %): For a separate Goldfinch-based organization, with a 3-year unlock schedule.
Early Supporters (21.6%): For 60+ early investors who contributed $37 million, with a 3-year unlock schedule, initial lockup, and transfer restrictions.
Airdrop
In January 2022, Goldfinch held its first major airdrop of GFI tokens. This airdrop was aimed at rewarding early adopters who actively supported and utilized the platform prior to the launch of the GFI token. Participants who contributed to the ecosystem received GFI tokens based on their activity and contribution. Criteria for participation in this airdrop included:
Conducting transactions on the platform. Participating in lending or investing.
Active participation in the community, for example through discussions and suggestions for improving the platform.
In total, about 15% of the total GFI offering was distributed to the participants of this airdrop. This helped to create an initial base of token holders interested in further development of the project.
During 2022, Goldfinch also conducted several airdrops aimed at attracting new users to the platform. These airdrops were aimed at incentivizing registration, platform usage, and lending participation. Participants had to complete certain actions such as:
Registering and creating an account on the platform.
Conducting their first transaction or investing in lending pools.
Participating in GFI token staking.
These airdrops helped to expand the user base and increase the number of active participants on the platform.
Market Data
Active Loans in the context of Goldfinch refer to loans that were issued by the protocol and are currently outstanding, meaning they have not been fully repaid or charged off.
Active loans are part of what Goldfinch calls borrower pools. Each pool represents the loan terms, interest rate and repayment schedule for a single borrower. Investors can contribute capital to these pools, effectively becoming lenders. These loans are designed to make a tangible impact by financing businesses that may not have access to traditional banking services or capital markets, especially in regions of low financial accessibility. Regarding TVL, the value continues to hold in the neighborhood of $70-80 million. This is the amount that investors and platform members have put into loan pools, including both senior and junior tranches, to lend to real businesses, especially in emerging markets. This figure suggests that Goldfinch has significant support from the DeFi community, enough to sustain lending operations. However, to fully understand it, one should compare this TVL with other DeFi protocols, consider its dynamics over time, and analyze how this figure relates to loan volume, interest rates, and defaults.
Such TVL may attract additional attention to the platform, both from potential investors and analysts, as it is an indicator not only of financial stability, but also of the potential for further growth and development.
Blockchain
According to our blockchain research we were able to determine that the project's investors still have not sold their assets and received their tokens from cryptocurrency exchange Coinbase.
Angel investors also received their tokens and continue to hold them.
Over the past week, a major player has become active and continues to buy coins at the market price. He has a total of about 10 wallets with a growing number of GFI coins. All wallets look like this.
To summarize from a blockchain perspective, Goldfinch has a good and sensible distribution of tokens among the big players. They will be the key price drivers, so you should pay attention to their transactions.
Conclusion
Goldfinch is focused on the RWA sector, which is expected to show strong growth during the current bull market. With DeFi rapidly evolving and gaining more attention, Goldfinch is at the forefront, offering a unique platform to bridge traditional finance and blockchain technology. Innovative model
Goldfinch, based on tokenizing real assets and integrating them into the DeFi ecosystem, opens new horizons for investors and borrowers. The platform not only provides access to credit, but also creates a bridge between traditional and decentralized finance, allowing investors to participate in the growth of the RWA sector through a transparent and automated smart contract system. In the current bullrun, where the RWA sector is starting to play an increasingly important role, Goldfinch is well positioned to become a key player, providing market participants with unique opportunities to grow and diversify their portfolios. The Protocol is ready to take a leading role in shaping the new financial landscape, offering solutions that not only meet current trends, but also pave the way for the future development of the global financial system.
Best wishes, Horban Brothers!
GFI
BlackRock phenomenon----GFIMost people believe that BlackRock’s application for a BTC ETF brought about the bull market. Although it took up to 6 months from submission to approval, and during this period it was rejected several times by the SEC. But BlackRock relied on its rich experience in ETF applications to finally complete this historic act.
In addition to being a shareholder of mainstream miners, BlackRock has recently focused its attention on ETH ETF and RWA. And a week ago, BlackRock announced the launch of its first tokenized fund issued on the blockchain, BUIDL. The fund will invest in U.S. currency and bond markets. In the past 2023, RWA has always received high attention, but due to strict compliance requirements, it is difficult to expand and develop business, and many protocols have been forced to adjust their business. But whether the addition of BlackRock this time can bring about the BlackRock phenomenon like the BTC ETF, opening up the connection between crypto and real-world assets.
Among the many RWA protocols, Goldfinch already has specific financial products. Through Goldfinch, USDC is converted to fiat by the Borrowers and used off-chain to financial economic activity. During the lending process, lenders are required to provide real-world assets as collateral. And differentiate financial products on this basis.
Back to the indicator level. Although BlackRock proposed BUIDL a week ago, the TSB indicator found the clues even before that. From the daily level, the TSB indicator prompted a BUY signal on February 20. At that time, GFI was in the process of fluctuation, and there was no significant increase in trading volume and price. This is the advantage of AI algorithms, helping you find trading entry points earlier. Judging from the situation of the TSB indicator, GFI maintains a healthy long status at the daily level.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
🏷️ Gold Fields (GFI) Trade Setup 🏷️📈 Analysis:
Company Overview: Gold Fields, a gold producer with reserves across continents, benefits from favorable exchange rates and gold prices.
Market Sentiment: Strong institutional accumulation by firms like Invesco Ltd. and Deutsche Bank indicates confidence in the company's prospects.
Technical Analysis: Entry opportunity identified above the $12.50-$13.00 range, with bullish sentiment indicating potential upside.
🚀 Trade Setup:
Entry Point: Consider entry above the range of $12.50-$13.00.
Target: Upside target set in the $23.00-$24.00 range.
Stop Loss: Place stop loss to mitigate risk.
📊 Note: Conduct thorough research and consider market conditions before entering the trade. Keep track of key developments and adjust the strategy accordingly.
#STXRES #JSE - Resources bouncing off Long term levelsResource are very likely the place to be over the medium term. Satrix Resources which is a basket of the biggest resource stocks on the JSE is bouncing off a massive level of previous long term support which has now become support (Change of Polarity). This is a great area to accumulate for the long term in my opinion. Will be happy to review after a few months but for now 3x hold of support shows the bulls mean business.
Constituents below:
ibb.co
GFI, Main GOLD-Gem, Essential POTENTIAL, Important Indications!Hello There!
Welcome to my new analysis of the potential high-accelerator gold-gem GFI, I recently spotted and analyzed. With GFI it has to be mentioned that GFI is a stock in the market that can unfold its appropriate potential when the current ongoing gold-backed currency system implementation is backed by the necessary technology and high-tech implementation as well. When such a dynamic is adopted with the appropriate setup, supply-chain adoption, and disdain of outdated technologies then there is a chance that GFI also accelerates faster than the actual price-action indications and the actual trend is backed by fundamental factors which is in many cases essentially a noteworthy added value to a stock.
Nonetheless, GFI besides these underlying indications also forms important charting price-action indications that I have spotted and analyzed. When looking at my chart it is seen that GFI is trading within this major ascending uptrend channel in which it already had several support levels confirming with important bounces towards the upside and now GFI also had the ability to confirm the 100EMA and 45EMA as important supports in which GFI bounced several times and already formed an important bullish EMA crossover. Also, GFI already bounced several times within the orange structure support zone marking the main support zone together with the EMA supports.
What is the most important part of the whole structure GFI is forming here is this main broadening-wedge formation that is already in the final completion stages and is going to be finally completed with a final breakout above the upper boundary as it is marked. This is going to activate the upper target zones within the upper boundary zones as marked. In this case, it will be highly determined when the necessary technology-backed gold-backed currency implementation moves forward appropriately because this is going to have an underlying bullish effect for GFI in which the price action can advance faster and complete the main formation faster.
Thank you everybody for watching my idea about GFI. Support from your side is greatly appreciated.
VP
GFI Swing Failure Pattern!! Bullish!?!GFI Has been slowly selling off over the past few weeks. It is currently at the golden pocket retracement zone and is in the middle of a swing failure pattern. If this candle closes above the blue line it would be an interesting area to long with a stop below the swing low. If price holds and pumps, a 10% pump is possible to the next major resistance.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Calculate Your Risk/Reward!
This is not financial advice. This is for educational purposes only.
UPDATE GoldFields slight pull back before heads to target R346W Formation formed on GFI a while ago.
The price broke up and since then it was moving up for the first few weeks.
Then when the gold price started its consolidation, so did the gold companies.
This has formed a falling wedge. Once the price breaks above the pattern, we will see it continue its upside.
RSI>50 - Bullish
7>21>200
Target R346.54
REALITY:
Holding onto this trade as a trader is very long in terms of duration.
Not only because we prefer our nature to be short lived with each market.
But also the Daily Interest charges add on. So even though the trade is well in the money, when you look at your portfolio you're earning less that you should when it hits the take profit.
Just something to keep in mind in the futre.
Gold Fields sparked a cautionary SHORT signal to R127.72Inv Rev Cup and Handle has formed on Gold Fields.
The breakout is quite strong and looks like the price is ready to plummet.
The only obstacle in the way is the 200MA which investors might try to buy and hold the price up.
We are seeing mixed signals but the inclination is more SHORT.
21>7 0 bearish
Price> 200 mixed
Target R127.72
ABOUT
Gold Fields Limited (Founded in 1887 by Cecil Rhodes and Charles Rudd) is a South African gold mining company headquartered in Johannesburg which started in Witwatersrand, with operations in South Africa, Ghana, Peru, and Australia.
Gold Fields is one of the largest gold mining companies in the world, with a market capitalization of around $10 billion as of February 2023.
The company produces around 2 million ounces of gold annually from its mines in South Africa, Ghana, and Australia.
Gold Fields employs around 10,000 people in South Africa and is one of the country's largest private sector employers.
#JSE Goldfields bouncing on vwap and horizontal supportKeep an eye on Gold Fields, after a roaring run from the lows seen in September last year and touching a high of R215 in January, the stock has corrected in February to an important level which could provide support. R175 is where we find both horizontal support and the anchored vwap from the Sep 22' lows.
If we do bounce we could run up to R198 - R199 where it could potentially form a head & shoulders top so i would look at buying a reversal off R175 with a fairly tight stop and a target back to where a right shoulder could form at R198.
How can traders make money on the asset tokenization trend?Asset tokenization is one of the most understandable applications for crypto technology. Various consulting and analytical companies estimate that the capitalization of tokenized assets will be around $3-4 billion by 2030.
Tokenized assets have no value and have no use without products that utilize these assets to create financial relationships and opportunities. Products that use tokenized assets in their operations are called Real World Assets (RWA). The essence of RWAs is to create a method for tokenization and a financial mechanism within the product that all participants will get value from.
How to make money?
Every RWA product has or will have its own native token. The project token will be the easiest way to earn. In fact, any trader knows how to trade tokens, so we will not give any recommendations, you already know everything very well.
We will highlight the most interesting projects, where tokens can give the most profit, so you don't have to spend much time searching and researching.
Top RWA narrative projects with a token
1. $CPOOl – loans to institutions
2. $GFI – RealFi lending protocol
3. $MPL – corporate lending protocol
4. $RBN – market maker lending
5. $TRU – lending protocol
6. $ONDO – U.S. Treasury bond trading
Top RWA narrative projects without a token
1. Backed Finance – derivative tokens of real world assets (S&P500, T-bills, TSLA, AAPL, etc.)
2. Carapace Finance – marketplace for crypto loan default risks
3. Florence Finance – European SME lending protocol
4. HomeCoin – mortgage secured lending
5. Jia – small and medium business lending in Africa and Asia
6. LandX – lending to farmers in exchange for a portion of their future harvest
7. Parcl – real estate trading around the world
8. Sapling – lending to banks in developing countries
What can you do now?
Add tokenized projects to the watchlist on TradingView and keep an eye out for trading opportunities
Keep up with news and changes in RWA and tokenization
Look for promising new projects
Read our idea about ZK Narrative
Check links below and start trading with us
Thanks for reading! Waiting for your comments about RWA projects
GFI trade update not lookign good - We hit a red flagGold Fields we made a BROAD analysis over the medium term.
As it is one of the smaller gold companies, I like to widen the stop loss and take profit accordingly.
So, it's not hit our stop loss yet at R173.80. But it has broken below the uptrend.
Best we can do is just wait, hold and hope.
But if it doesn't work out it's just another 1.5% loss on the portfolio, never a biggy.
#GFI bouncing off 200ema on weekly #JSENice bounce off the 200 weekly EMA for Goldfields (GFI:JSE) as gold price has seen a nice reversal midday. If the 200wema at R130 fails, we could be headed to R110-R115 which has some strong strong horizontal support. the anchored vwap from the sep18 lows also come in just under which should provide another level of support/
GFI: Willing to try again ;)A few weeks ago, I was stopped out on this chart. However, I'm seeing a better setup now and I'm willing to try it again... I will buy the $1.80s because the fib and the order book suggests this area. I also saw a red Hammer candlestick pattern which showed a bullish sign. Most traders will wait until a few days after a Hammer pattern forms to see if a rally continues or if there are other indications like a break of a downward trendline. I'm gonna be patient to potentially capture a 40% move. Set the orders and forget about it! Good luck.
___
Red vs. Green hammers:
commodity.com
TRU: Put it on your watchlist!As of now, the 4-hour oscillators are signaling a buy. The SMA50 has crossed above the SMA100. I'm watching for an entry very soon as I expect the 18-23 area of support to hold. My first target will be the 28-33 area (30%+ upside). This will be a swing position. Let me know any thoughts on this thanks.
JSE:GFI Gold Fields Time to Look at Gold Stocks AgainAfter a significant pullback in gold stocks, there are some good signs of strength with Gold Fields one of the strongest and above its yearly pivot point. On the pullback, buyers stepped in below R150 of GFI. Price has pushed out of the trading range formed after the pullback with some significant bars. Other gold stocks are showing similar signs. With these signs, it is now a good time to look for good entry levels on a pullback to the accumulation trading range on a number of stocks. For Gold Fields, this is also the yearly pivot point.