❔FAQs

FAQs from our social channels to assist with knowledge sharing about the GFX project.

Project FAQs

1. What market is the $GOFX Token traded on?

   • Please refer to the markets on CoinGecko

   • Contract Address: GFX1ZjR2P15tmrSwow6FjyDYcEkoFb4p4gJCpLBjaxHD

2. What is the total supply of $GOFX tokens?

   • Check real time total supply

3. What is the circulating supply of $GOFX tokens?

   • Check real time circulating supply

4. Does GooseFX burn tokens, and if so, how?

   • A small percentage of the fees generated from our SSL pools goes to our Buyback and Burn mechanism

5. How is revenue generated and distributed on GooseFX?

   • Our revenue is generated across our 3 platforms which is then distributed amongst liquidity providers, $GOFX stakers, for our Buyback and Burn mechanism and much more! You can read about this in detail on our documentation

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$GOFX Stake Rewards

1. How often are staking rewards distributed?

   • Daily around 10AM UTC

2. How can I stake GOFX tokens?

   • Follow our detailed guide

3. Does GooseFX burn tokens, and if so, how?

   • A small percentage of the fees generated from our SSL pools goes to our Buyback and Burn mechanism

4. How is revenue generated and distributed on GooseFX?

   • Our revenue is generated across our 3 platforms which is then distributed amongst liquidity providers, $GOFX stakers, for our Buyback and Burn mechanism and much more! You can read about this in detail on our documentation

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GooseFX Farm SSL

1. What are the risks involved in farming on GooseFX?

   • Learn about the risks in SSL pool
2. How is the APY for staking calculated, and why is it so high?

   • Our SSL pools work as an on-chain market maker and thus generate revenue from swap fees as well as arbitrage profits generated from the spreads between pool and oracle prices all while offering the best swaps to users.

3. Can GooseFX launch a pool for a specific token X?

   • A token should fulfill 2 basic requirements to be listed on our SSL Pools: Should have a Pyth price feed Should have consistent $1Million+ in daily volume

4. Do rewards auto-compound?

   • No we recommend you to claim rewards once or twice everyday and deposit again if you wish to compound.

5. Why are the deposits sometimes more than 100% of the capacity?

   • Since the deposits are native tokens like mSOL, SOL, BONK etc., these can fluctuate in prices resulting in an increase in deposits over the capacity.

   • Secondly, it could also happen if the last user depositing into the pool, deposits X tokens over the caps. Example: If the USDC pool has a deposit cap of 100 USDC and it is currently at 95 USDC (i.e 5 USDC to hit our deposit caps), and a user comes and deposits 15 USDC, our SSL pool won’t restrict his deposits to only 5 USDC. They would be able to deposit their 15 USDC after which the deposit caps would hit and deposits would be restricted.

6. Why do rewards change for SSL Pools?

   • If a user comes in and deposits a large amount of liquidity, it leads to dilution of rewards further lowering your current rewards by a bit. We recommend claiming rewards at least once a day!

7. What should I do if I encounter the 'Fetching Accounts' error?

   • To fix this, try either a hard refresh or switching your RPC node.

8. I am not able to withdraw / claim rewards.

   • You might have deleted the token account of the token you want to withdraw. Example atleast have 1 BONK in wallet if you are trying to claim or withdraw the token.