GooseFX - June Update (2024)
GooseFX marks over $705 million in volume and $697k+ in fees. Discover our latest developments, updates & educational initiatives driving Solana's DeFi ecosystem forward.
Gm, GooseGang 🪿! Lets recap our major achievements and developments, ensuring you stay informed with everything about GooseFX.
But before we dive into it, a quick glance at our latest stats.
Achieving over $705,270,000 in trading volume and generating $697,310+ in fees. We now have over 25 million $GOFX staked by 878+ stakers, who are earning real yield in USDC!
Single Sided Liquidity - SSL
We’re committed to staying ahead of the curve.. By leveraging Pyth Network’s new pull model, enabling us to achieve 10x lower latencies. Goose Devs are proud to be among the first, to build with Pyth’s new pull model.
- Goose Devs scraped price history and swap data from Jupiter Exchange and Pyth Network to ensure our SSL pool AMMs are back-tested with precision. Our continuous improvements in SSL back-testing allows us to fine-tune our algorithms, ensuring maximum profitability.
- This process, while time-consuming, is crucial for obtaining real-time feedback and optimizing our configurations based on both simulated back-tests and on-chain results.
- In addition, we deployed our latest core algorithm update with major DEX aggregators like Jupiter. Although we identified some blockers that affected the SSL volume, Devs are now working on adjustments to our core algorithm.
- Following the integration, we observed an initial spike in volume and fees. However, a technical oversight led to a temporary decline in volume.
- To rectify this, our team will manually rebalance the pools in the coming days, and we should be picking back up the volume again.
Perps DEX
We have quite a list with our perps dex, evolving with some exciting new features and upgrades
- Multi-Collateral Design
- One of our most requested features is here. Soon you will be able to deposit tokens other than USDC as collateral. This means you can leverage assets like SOL without selling them, maximizing the capital efficiency for trading.
- We are still very much in the alpha stage of developing multi-collateral support, but that's where the team is heading.
- Enhanced Desktop UI
- We've overhauled our Perps DEX desktop interface to make it more user-friendly, especially for those new to perpetuals and leverage trading.
- Our goal is to make your trading experience as intuitive and seamless as possible.
- Community-Driven Improvements
- Goose Devs squashed several bugs, thanks to valuable feedback from community members like gLuke. Your input is crucial—it helps us build products that you truly want to use.
Misc.
We’ve added a new footer to improve your experience on our farm and perps platform. Now you can
- Easily change RPCs or add a custom RPC for smoother performance.
- Switch between light and dark mode with a single toggle.
- Our updated header includes more elements for easier access to all GooseFX socials and important links.
- Alpha 🤫
- An upcoming feature on our farm page will allow you to swap tokens at the best rate possible.
- Our SSL farm will handle the routing for these swaps, ensuring you get the best deal.
- Goose Devs worked hard to implement the best practices for priority fees. This ensures that all user transactions are processed on time with the highest accuracy.
- GooseFX is now listed on the Jupiter Exchanges ecosystem page, thanks to a community member's timely suggestion.
- We also fixed an APY glitch pointed out on Discord by our community member "jbbb6".
Community updates
- Huge W - Official Solana Twitter account is now following GooseFX!
Educational Threads by Goose Intern
It's our mission to keep GooseGang members stay informed with everything in DeFi
- Check out our comprehensive thread on Sanctum and LSTs
- You've likely heard of Drift, one of the top perpetuals DEX on Solana. Learn how to safely claim the $DRFT Airdrop.
- With the market growing and new users joining daily, ensure your wallets are secure with our quick guide.
Blogs of the month
Stay on top of your Solana transactions and NFTs, Look no further than Solscan Solana!
Alan
Solana's upcoming validator client built in the C programming language. Ensuring aster transactions per second and enhanced network reliability.
Alan
Meet Kamino, the leading lending and borrowing platform on Solana. Learn about their innovative features and the $KMNO token.
Sam
Wrapping up
- We Achieved over $705,270,000 in trading volume and generated $697,310+ in fees. Over 25 million $GOFX staked by 878+ stakers earning real yield in USDC.
- Devs Leveraging Pyth Network’s new pull model for 10x lower latencies and precise back-testing with price history and swap data from Jupiter Exchange and Pyth Network.
- Introducing multi-collateral design and an enhanced desktop UI. Ongoing bug fixes and community-driven improvements on our Perps DEX.
- User Experience Improvements: Added new footer features, updated header, and fixed APY glitches.
- Celebrated the official Solana Twitter account following GooseFX and curated educational threads for the community.
Stay Tuned with #GooseAcademy
Website | Twitter | Telegram | Discord | Docs
Disclaimer: The statements, proposals, and details above are informational only, and subject to change. We are in early-stage development and may need to change dates, details, or the project as a whole based on the protocol, team, legal or regulatory needs, or due to developments of Solana/Serum. Nothing above should be construed as financial, legal, or investment advice.
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