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GIP-39: Should "Borrower Pool Improvements" proposal be approved?
By 0x501B...222f20Continue Reading
The Warbler Team proposes making three key improvements to the Borrower Pool smart contracts.
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Which pools it affects: This will only affect net new pools from January 2023 onwards. There will be NO changes to any existing pools.
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Risk Management: The combination of these measures should help the Goldfinch community materially manage risk. More specifically:
- Credit Risk: Principal Amortization will allow, but not oblige, pools to be stood up allowing Borrowers to distribute their principal payments over time (e.g. monthly, quarterly, half-yearly), vs waiting to make a single lump sum payment (i.e. very high risk event).
- Operational Risk: Daily Interest Accrual + Calendar Based Payment Schedules will make it easier for Borrowers to understand and more systematically track/manage their payment obligations, potentially reducing interest and principal payment issues due to operational confusion.
Proposal discussion: https://gov.goldfinch.finance/t/gip-39-borrower-pool-improvements/1400
YES - means implement all the features outlined in this proposal NO - means do not mplement the features outlined in this proposal
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0Votes 98
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x2b2B...e82c32 | 298,372 | 100% for YES |
 0x152B...12A5Eb | 157,177 | 100% for YES |
 0x41d3...8f6B8B | 148,834 | 100% for YES |
 0xF212...Bb686A | 90,511 | 100% for YES |
 0xdB86...b28051 | 29,390 | 100% for YES |
VOTE POWER
0
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Proposal Status
- Thu January 26 2023, 08:21 pmVoting Period Starts
- Sun January 29 2023, 08:21 pmEnd Voting Period
Current Results
1-YES
837,178.884
2-NO
488.873
Quorum 837,667.757/250,000