GooseFX — October Update

Published on: 02.10.2021

GooseFX team is excited to share their project updates with the community; including some talented new hires, upcoming contests, and development updates.

After a rigorous interview process, we are happy to announce we have brought on two stellar Rust developers that have accepted positions on the GooseFX team. These new team additions will be focused on building out the NFT Marketplace and unique derivatives we are architecting to unlock users’ NFT portfolio value. We are designing architecture around NFT futures/options and how to collateralize and efficiently launch these products.

Development Update

This month, the team has been working around the clock in preparation for the launch of the GooseFX Platform alpha release of the tokenized stocks functionality. After tackling the unknown hurdles, we are pleased to announce the completion of the smart contracts necessary for the back-end functionality and we can’t wait to show the platform off:

Tokenized Stocks Alpha v1

There were many considerations for each aspect of the tokenized stock protocol such as collateral type, collateral ratio, minting process, burning mechanism, withdrawal conditions, and finally staking rewards. We believe our implementation will be easy for users to understand and we can’t wait to share more details! We are planning a Mid-October launch for alpha testers.

The GooseFX team has also made progress on our roadmap in regards to the NFT marketplace as well as the crypto spot and derivatives trading. We believe these two additional core features will simplify the user experience by providing the most actively utilized DeFi applications on one platform.

Golden Goose Community Updates

The GooseFX team will be launching a contest next week and it’s important to be on the discord server if you want to be able to participate. Please jump in and watch for the announcement in the next few days.

About GooseFX

GooseFX is your premier destination for everything DeFi. They plan to offer tokenized stock trading along with derivatives for stocks and cryptocurrencies with single-sided liquidity providing for yield farming. They are big believers in the creator economy and will have NFT marketplaces for our users. Its mission is to give the best user experience for trading, farming, NFTs, and anything else utilizing the speed and scalability of Solana.

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