Goldfinch Token Holders Vote to Wind Down Protocol, Shut Down Prime Product

According to GIP-87 proposal by co-founders Mike Sall and Blake West, Goldfinch token holders voted on Tuesday morning to move the decentralized credit protocol into maintenance mode. The proposal received 1.1 million GFI tokens in favor, surpassing quorum by more than 4 times with no votes recorded against.

Under the plan, Goldfinch will halt new protocol development and shut down its Prime product, launched in February 2025. The protocol will instead focus on recovering outstanding loans and maintaining user access to the platform. Warbler Labs, the core development team, will receive a fixed $150,000 payment to support the wind-down and provide operational support over the next 2 years.