# GIGPool Update - Notice of Pool Closing

**URL:** https://gov.centrifuge.io/t/gigpool-update-notice-of-pool-closing/5396
**Category:** Pools
**Tags:** end-bridge, pool-update, gigpool
**Created:** [April 27, 2023, 4:07pm UTC](https://gov.centrifuge.io/t/gigpool-update-notice-of-pool-closing/5396 "2023-04-27T16:07:58Z")
**Posts on this page:** 3
**Page:** 1

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### Author: ![end-labs](https://avatars.discourse-cdn.com/v4/letter/e/4491bb/32.png) [@end-labs](https://gov.centrifuge.io/u/end-labs)
#### Post date: [April 27, 2023, 4:07pm UTC](https://gov.centrifuge.io/t/gigpool-update-notice-of-pool-closing/5396/1 "2023-04-27T16:07:59Z")

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As a direct result of unforeseen market circumstances prohibiting normal business operations, the GIGPool Administrative Team made the difficult decision to close our Tinlake pool. One asset remains open with a maturity date scheduled for September 24, 2023. At maturity, the asset will be repaid and all remaining liquidity will be available for redemption.

Unfortunately for us, a sad outcome for a promising sector, but the timing simply isn’t right in the current regulatory environment. Over its lifetime the GIGPool on Tinlake financed over $20m in small loans for drivers, influencers, and musicians while generating a reasonable blended return of ~10% for investors.

Thank you for your participation. For any additional questions, please reach out to  
[investor-relations@end-labs.io](mailto:investor-relations@end-labs.io)

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### Author: ![PathrockNetwork](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.centrifuge.io/pathrocknetwork/32/2734_2.png) [@PathrockNetwork](https://gov.centrifuge.io/u/PathrockNetwork)
#### Post date: [April 28, 2023, 11:03am UTC](https://gov.centrifuge.io/t/gigpool-update-notice-of-pool-closing/5396/2 "2023-04-28T11:03:00Z")

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That’s a pity. I am sorry for you. Could you be more precise about the reasons?

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### Author: ![sirj](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.centrifuge.io/sirj/32/2029_2.png) [@sirj](https://gov.centrifuge.io/u/sirj)
#### Post date: [April 28, 2023, 4:48pm UTC](https://gov.centrifuge.io/t/gigpool-update-notice-of-pool-closing/5396/3 "2023-04-28T16:48:05Z")

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Hi @end-labs, I am sorry to hear this. Thank you for notifying the community.

I too am proud of the work and good your team was able to do with the pool. Successfully financing \>$20M in small loans is no easy feat! Wish you all the best of luck on your future endeavors @end-labs @JeremyKim @kritikos @thedoctor_j@alex_forshaw and more!