We just brought Solana’s most efficient concentrated liquidity market maker (CLMM) to Jupiter Exchange and we plan to advance capital-efficient liquidity provisions for the whole ecosystem.
We are proud to share that within a month we have surpassed ~ $15M+ in trading volume and are amongst the top 10 pool providers on Jupiter! Currently, we are using conservative parameters and slowly adding more pools which in turn will increase our volumes.
Solana’s Most Efficient Concentrated Liquidity Market Maker (CLMM)
Jupiter Exchange has expanded its liquidity sources with @GooseFX1 liquidity pools! GooseFX’s innovative swap mechanisms help traders reduce price impacts by concentrating liquidity around the current market price.
Concentrated liquidity pools are highly capital efficient and bring along the advantages of deeper liquidity and reduced slippage for traders.
Currently, most of the AMMs on Solana use the constant price curve, resulting in higher slippage, impermanent losses to liquidity providers, and low rewards. GooseFX solves this!
We present a new AMM design that integrates single-sided liquidity pools with an innovative swap mechanism that consists of Dynamic Weights & Oracle-Concentrated Swap Curve & Oracle-Tracking Swap Rule.
- Price impact (slippage) is reduced due to our CLMM pools concentrating liquidity around the current market price.
- Enabling liquidity providers to deposit just a single asset into the pool as opposed to providing two different assets in a specified ratio. Maximizing the utilization of your capital!
- Impermanent loss is mitigated due to the fact that users only need to provide a single asset and thus only have exposure to one asset.
- When users perform swaps they will always receive the amount that decreases the pools liability thus the pool earns sustainable yield in this form of arbitrage
- GooseFX delivers high rewards for Liquidity providers, with the implementation of SSL v1, liquidity providers can get competitive APRs in our pools. We currently offer $GOFX, $SOL, $sTSOL, $USDC, $USDT, $ETH, $mSOL, $SRM, $GMT and $ORCA pools. https://app.goosefx.io/farm
Solana HH Vancouver
Team #GooseGang Kicking off demo day at Solana Hacker House Vancouver.
GooseFX’s recent collaboration with SolanaSpaces, giving away NextQuest NFTs. #GooseMorning
Development Updates 👨💻
GooseFX is excited to build with the xNFT_Backpack, loads of surprises to unveil here 👀
Stay Tuned! #GooseGang
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.