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Per Woofun AI, the Goldfinch decentralized lending platform community has unanimously endorsed a proposal mandating operational maintenance and the systematic liquidation of Goldfinch Prime. This decisive action initiates a structured transition into 'maintenance mode,' prioritizing the orderly termination of Prime operations while preserving user access to legacy applications for collecting outstanding principal and repayments.
Warbler Labs is allocated a fixed service fee of $150,000 to execute this wind-down, comprising $100,000 in new capital and $50,000 reallocated from prior budgets. These resources will sustain technical and operational efforts to resolve historical borrower pool issues over the next two years or longer. This strategic pivot follows Goldfinch’s $25 million financing round in 2022, led by a16z.