Getting Started with Goldiswap

What makes Goldiswap different?

Goldiswap is a custom AMM where users mint LOCKS, earn rewards, borrow against their position, and redeem value - all backed by HONEY in the protocol's liquidity pools.

Unlike traditional AMMs, Goldiswap introduces several novel concepts:

Floor Price Guarantee: Every LOCKS token has a minimum redemption value

Interest-Free Borrowing: Borrow against your staked LOCKS with no ongoing interest No Liquidation Risk: Your borrowing position cannot be liquidated

Utility-Driven Rewards: Earn PORRIDGE with direct protocol utility

Self-Reinforcing Loop: A sustainable ecosystem that rewards long-term participation

Dual Pool System Explained:

Goldiswap uses two distinct liquidity pools:

Floor Supporting Liquidity (FSL)

The FSL backs the floor price of LOCKS. When users mint LOCKS, a portion of their HONEY goes into this pool. This HONEY can only be removed when LOCKS tokens are redeemed and burned, ensuring the floor price can never decrease.

Price Supporting Liquidity (PSL)

The PSL supports the market price of LOCKS above the floor. This pool functions more like a traditional AMM pool, with trades occurring along a bonding curve. The PSL allows LOCKS to trade above its floor price based on market demand.