Decentralized finance (DeFi) is on everyone’s lips and arouses both interest and skepticism. Launched at the end of 2021, GooseFX is a DeFi platform that wants to offer the most complete functionalities possible to respond to certain inefficiencies in the current market. Zoom on what GooseFX offers, which wants to become a key player in this new finance on Solana (SOL).
GooseFX overview
GooseFX is a fairly complete platform that allows you to trade many financial products that we will discuss below. Everything is built on the Solana blockchain and the decentralized exchange Serum (Serum DEX) , which therefore allows the platform to take advantage of the advantages of the network, namely fast transactions and inexpensive in fees.
The team behind the project, made up of many engineers, is very confident in the future of DeFi. Their goal is to be one of the leaders in the field within a few years by offering everything a user of decentralized finance could need . It is therefore a total experience of DeFi on Solana that is offered by GooseFX
The particularity of this new platform therefore lies in the number of financial products and options offered. Indeed, it is possible to trader of cryptomonnaies, conventionally ( spot ), but also via a futures system ( future) . A swap system will soon be available to quickly and easily switch from one crypto to another.
You can trade tokenized shares like Apple (AAPL) or Google (GOOGL) in the form of SPLs (Solana token standard). It will be easy to create, sell or bid on non-fungible tokens (NFTs), through a dedicated marketplace, as well as their counterparts in derivative products in the form of synthetic assets.
Synthetic assets are derivatives of blockchain-based financial products . These are similar to traditional derivatives, the difference being that the tokenization of the derivative asset links it to the underlying asset. In this way, it is possible to speculate on stocks and cryptocurrencies upward or downward.
Overview of synthetic assets on GooseFX
It should be noted that in order to be able to use a synthetic asset on the platform, it is necessary to allocate GOFX, the native cryptocurrency of GooseFX, as collateral . This mechanism makes it possible to mint ( mint ) the synthetic asset in question in the form of a gtoken and to give it value.
There is also a system of yield farming . You will be able to deposit in these different crypto-assets pools and be rewarded with SRM and GOFX, for example, at attractive interest rates.
The Goose Nest, GooseFX’s new NFT marketplace
This is the next step for GooseFX, the release of its non-fungible token (NFTs) marketplace called The Goose Nest .
Scheduled for the next few weeks, this marketplace will use Metaplex, Solana’s protocol allowing creators to strike an NFT and simply auction it .
When The Goose Nest launches, it will be possible for creators to register and be verified, for users to filter their searches by collections, attributes, creators, price and more. Available also the registration and listing for collections of NFTs and the opportunity to bid on NFTs listed and unlisted .
The Goose Nest, An Overview of GooseFX’s NFTs Marketplace
Later in 2022 it will be possible to make loans guaranteed by NFTs . By allocating an NFT as collateral on the platform, an owner of NFTs will therefore be able to unlock capital thanks to GooseFX which will take care of connecting lenders and owners of NFTs.
Another feature that The Goose Nest will support is crosschain support for NFTs , to allow owners of NFTs from other networks to take advantage of the very low fees offered by the Solana blockchain.
The Goose Nest will introduce the possibility of acquiring a portion of an NFT , this notion of divisibility opens the door to Decentralized Autonomous Organizations (DAO) of NFTs as well as multiple owners of a digital object.
This new non-fungible token marketplace is therefore ambitious by offering many features while being user friendly, like their DeFi platform.
As we can see, GooseFX therefore has ambitious plans to become a benchmark platform for DeFi and NFT. Decentralized finance services are also already available for those who want to get started and enjoy the benefits of the Solana blockchain.
