Goldfinch, the DeFi protocol for real-world emerging-market loans, has proposed maintenance mode and winding down Goldfinch Prime — keeping only a legacy app so users can withdraw what's left.

One of its biggest depositors says $50M+ across 8 loans turned into 2 defaults and 6 restructurings, with only ~30% recovered — a stark epitaph for the emerging-market private-credit experiment.

Proposal GIP-87 unwinds one of DeFi's prominent RWA-credit experiments after years of microloans in Africa and Asia; GFI and FIDU remain, but recovery could take 2+ years.