GooseFX - September Update (2024)

GooseFX achieved over $724,000,000+ in trading volume and generated $716,000+ in fees. We now have over 27.17 million $GOFX staked by 888+ stakers who are earning real yield in USDC!

This month has been all about pushing forward with GAMMA, our dynamic fee-enabled AMM with single click LP migration!

GAMMA

We’re excited to announce that GAMMA, dynamic fee-enabled AMM!

Set to launch in the coming weeks, GAMMA introduces features like dynamic fees, LP migration, and permissionless pool creation. With GAMMA, liquidity providers can expect enhanced capital efficiency and a user-friendly experience.

• Dynamic Fees: Adjust based on volatility and pool rebalancing.
• One-Click LP Migration: Seamlessly migrate LP positions from other AMMs.
• Permissionless Pool Creation: Easily create liquidity pools with customized settings at the lowest fees.
• $GOFX Revenue Sharing: A portion of fees generated will buy back and burn $GOFX, benefiting stakers.
• Referral Program: Refer your friends to GAMMA and earn a share of their LP fees.
• Token2022 Support: Offering compatibility with the latest Solana Token2022 standard.
• Open Source Code

FAQs About GAMMA

1. What is LP migration, and how does it work?
   GAMMA allows users to easily migrate their LP positions from other AMMs on Solana with just one click.
2. How do dynamic fees benefit LPs?
   Dynamic fees are based on market volatility and pool rebalancing. This mechanism optimizes the fee structure, helping LPs maximize their returns.
3. Difference between GAMMA Lite and Pro mode?
   Pro mode allows users to view detailed stats for each pool and track multiple pools at once, giving them deeper insights and better control over their LP positions.
4. When launch?
   GAMMA is expected to launch close to Solana Breakpoint!

🚨 Sunsetting GooseFX Perps 🚨

After careful consideration, we’ve decided to sunset GooseFX Perps to focus our resources on the upcoming GAMMA platform.

Next Steps for Perps Users

• Close all Perps Positions: Please close your Perps positions and withdraw any USDC by September 15th. After this date, any remaining orders will be automatically settled by the system.
• What’s Next? GAMMA is right around the corner, featuring permissionless pool creation, dynamic fees, and much more. We can’t wait to show you what’s in store!

FAQs

• Can I still use Perps after September 15th?
  No, all open orders will be automatically settled after this date. Ensure your positions are closed, and your funds are withdrawn by the deadline.
• What happens if I don’t close my position?
  Any positions that are still open after September 15th will be automatically settled, and you will still be able to withdraw your funds.

GAMMA is Almost Here!

Thank you for your continued support—stay tuned for more updates and prepare to experience a new era of liquidity provision with GAMMA!

Stay Tuned with #GooseAcademy

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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.