FAQs from our social channels to assist with knowledge sharing about the GFX project.
- GooseFX is a one-stop super app on Solana for trading, swaps, NFTs, and single sided liquidity pools.
- 12+ full-time engineers who have all been in crypto for multiple market cycles.
- 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.
- 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
- 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'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.
- 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.
- 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.
- Single-sided liquidity is a revolutionary AMM that allows you to deposit a single asset to earn auto-compounded yield. The yield is derived from the arbitrage profit from the spread between the quoted oracle and pool price and the swap fee.
- The distinction between stable, primary, and hyper pools lies in the types of assets they hold. Stable pools are composed of stablecoins, primary pools house prevalent ecosystem tokens, while hyper pools cater to more volatile assets.
- The risks associated with single-sided liquidity are price inventory risk which is common for any market maker. This risk occurs when the price of the assets used for market making declines in value in excess of the fees generated.
- Fees and arbitrage profits are auto-compounded and are earned in the deposited asset
- SSL was built to support any SPL token and has the capacity for additional pools
- Additional pools will be added for popular tokens with sufficient liquidity.
- You can join our discord to request additional pools.
- APY is derived from swaps and thus will fluctuate based on the volume traded and market volatility.
- The APR displayed is currently calculated based on a 7-day average and thus over time as volume and liquidity increase these rates will normalize.
- APY is calculated based on the fees generated by the liquidity pools and the liquidity provided by the liquidity providers (LPs). The APY provides an indication of the potential returns that LPs might earn over a year.
- In a typical two-asset pool where the assets are kept in a constant ratio impermanent loss occurs when one of the assets' value changes and thus when a user looks to withdraw their liquidity they have less than they originally deposited. This problem is solved due to users only needing to deposit a single asset and thus only having price exposure to the one asset. Therefore, as long as the APR for the pool is positive during the time you provided liquidity you will be able to withdraw your deposited amount plus the additional generated yield.
- No! SSL pools allow for truly passive income generation due to not needing to adjust the price range that you would like to provide liquidity. This is due to the SSL pools dynamically concentrating liquidity around the oracle price. Users performing swaps keep the pool price close to the oracle price by receiving the price that pushes the price closer to its true price.