GooseFX
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FAQs

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

Project FAQs

What is GooseFX?

  • GooseFX is a one-stop super app on Solana for trading, swaps, NFTs, and single sided liquidity pools. You can view our socials at linktr.ee/goosefx
    • Deposit a single asset to earn yields!
    • Perps DEX on Solana, with the best fee structure!
    • NFT Agg.
    • Stake $GOFX earn $USDC
    • Buyback and Burn mechanism for $GOFX
  1. 1.
    What market is the $GOFX Token traded on?
    • Please refer to the markets on CoinGecko
    • Contract Address: GFX1ZjR2P15tmrSwow6FjyDYcEkoFb4p4gJCpLBjaxHD
  2. 2.
    What is the total supply of $GOFX tokens?
  3. 3.
    What is the circulating supply of $GOFX tokens?
  4. 4.
    Who is the team behind GooseFX?
    • 12+ full-time engineers who have all been in crypto for multiple market cycles.
  5. 5.
    Does GooseFX burn tokens, and if so, how?
  6. 6.
    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

GooseFX Perps

  1. 1.
    What are the features of GooseFX's Perpetual Futures Exchange?
    • GooseFX's Perpetual Futures Exchange is based on a Centralized Limit Orderbook or CLOB model as opposed to AMM based.
    • We also offer up to 10x leverage, competitive fees, and advanced order types like IOC (Immediate-Or-Cancel) and Take Profit.
  2. 2.
    What are the fees associated with trading on the Perpetual Futures DEX?
    • At GooseFX, we offer competitive fees for trading on the Perpetual Futures DEX. Takers are charged a fee of 0.04%, while makers enjoy zero fees for providing liquidity to the market with rebates for adding liquidity. The maker rebates operate on a tiered based system regarding which, the details can be found in our Market Maker Program Incentive
  3. 3.
    What assets can be currently traded on GooseFX's Perpetual Futures Exchange?
    • Currently, only SOL-Perp can be traded on our Perps Dex. However, we'll be adding BTC-Perp and ETH-Perp markets very soon!

GooseFX NFT Aggregator is now obsolete

  1. 1.
    Which NFT collections are supported on GooseFX's NFT Aggregator?
    • GooseFX's NFT Aggregator supports the top 100 NFT collections based on market cap. Additionally, we regularly update this list every 2 weeks to include trending NFTs. This ensures that users have access to a diverse range of popular and in-demand NFT collections on our platform.
  2. 2.
    What does our NFT Aggregator offer?
    • Our NFT Aggregator provides aggregated data from all metaplex auction house markets. Users can also access GooseFX appraisal values for their NFTs on supported collections.
    • Additionally, they can list, bid, and buy their NFTs on GooseFX's permissionless auction house contract.
  3. 3.
    What is GooseFX's Appraisal Engine?
    • GooseFX's Appraisal Engine is a tool that assists users in determining the fair market value of their blue-chip NFTs. By utilizing precise, data-driven valuations, our Appraisal Engine ensures that users receive accurate and reliable assessments for their NFTs.

$GOFX Stake Rewards

  1. 1.
    How often are staking rewards distributed?
    • Daily around 10AM UTC
  2. 2.
    How can I stake GOFX tokens?
  3. 3.
    Does GooseFX burn tokens, and if so, how?
  4. 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

GooseFX Farm SSL

  1. 1.
    What are the risks involved in farming on GooseFX?
  2. 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. 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. 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. 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. 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. 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. 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.
Last modified 2mo ago