GooseFX
A full suite DeFi platform to trade crypto, tokenized stocks, NFTs, and liquidity providing built on Solana and Serum DEX.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor | €0.0 | round |
* | $4.5m | Seed | |
| Total Funding | 000k | ||
| USD | 2023 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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GooseFX operates as a decentralized finance (DeFi) platform constructed on the Solana blockchain, positioning itself as a comprehensive hub for various cryptocurrency financial activities. Founded in 2021 by a team with extensive experience in quantitative trading, crypto markets, and blockchain development, the company aims to provide a seamless and efficient user experience. The founder, known as Wayne, has articulated a vision focused on simplifying the process of earning yield from digital assets. GooseFX secured $4.5 million in a seed funding round on October 8, 2021, with participation from 15 institutional investors, including Skyvision, CoinShares, and Animoca Brands.
The platform's core offering is its Automated Market Maker (AMM) protocol, named GAMMA, which is designed for high capital efficiency. GAMMA features dynamic fees that adjust based on market volatility and a mechanism called Fusion, which deploys idle capital into external yield-generating platforms to maximize returns for liquidity providers. This structure allows users to provide liquidity using a single type of token, which simplifies the process and mitigates impermanent loss, a common risk in DeFi. The business generates revenue through fees from its GAMMA programs. A portion of these fees is distributed in USDC to users who stake the platform's native utility and governance token, GOFX. Another portion is used to buy back and burn GOFX tokens, a mechanism designed to benefit the community.
Initially, GooseFX offered a broader suite of products including perpetual futures trading and an NFT aggregator. However, the company has since narrowed its focus to its core AMM and liquidity provision services to better align with its goal of being a community-first platform dedicated to sustainable yield generation. The platform also incorporates a referral program, allowing users to earn a share of the fees generated by those they refer. GooseFX operates on the Solana network to leverage its high transaction speeds and low costs, aiming to provide an efficient environment for DeFi participants.
Keywords: Decentralized Finance, Solana, Automated Market Maker, Yield Farming, Liquidity Pools, GOFX Token, Cryptocurrency, Staking, Capital Efficiency, DeFi Platform