Decentralized Finance (DeFi) has been growing at a rapid pace, and liquidity provision has been a crucial part of its ecosystem. However, traditional liquidity provision in Automated Market Makers (AMMs) can be complicated and risky for liquidity providers. In response to these challenges, GooseFX developed as a sustainable SSL on Solana.
What is Single Sided Liquidity?
SSL is a new approach to liquidity provision in AMMs, where users can provide liquidity with a single asset in the pool pair, rather than requiring equivalent amounts of both assets. SSL offers a more user-friendly approach, making it easier for liquidity providers to contribute liquidity to DeFi platforms.
What is GooseFX?
GooseFX is a DeFi platform that offers SSL. With GooseFX, liquidity providers can contribute liquidity with a single asset in the pool pair, and the platform dynamically adjusts pool weights based on liquidity contributions.
How does SSL on GooseFX work?
SSL on GooseFX uses dynamic pool weights and an oracle-concentrated swap curve to enhance liquidity concentration and reduce slippage, while also protecting liquidity providers against impermanent losses.
GooseFX makes it easier for users to earn yield on their assets with lower risk. By using SSL on GooseFX, liquidity providers can contribute liquidity with a single asset, while also benefiting from enhanced liquidity concentration, reduced slippage, and protection against impermanent losses.