Introduction

Disclaimer: this is a living document. All information in this Gitbook is subject to change and may be outdated. Make sure to confirm any important information with other trusted sources.

Goat Trading is a protocol developed by the Inedible community and inspired by problems faced daily by users and teams alike.

Goat allows teams to bootstrap their liquidity pools so no matching Ether is required to launch a pool, and gives users security far beyond what other dexes can provide. This dual focus on both teams and users ensures all actors in the ecosystem have the motivation required to use a new protocol. Despite the innovation within the protocol, we also maintain the trading style and algorithms that teams and users are used to to in order to make a transition from the traditional and unsafe trading style as easy as possible.

For teams:

When creating our MVP, inedibleX, we faced problems with teams not being able to create multiple pools because of a lack of Ether to match their tokens for a new pool, and new tokens being immediately sniped and dumped when they had inadequate liquidity, leading to a crash in the charts and death of the token.

The solution for both of these problems was the same: allow a pool to be created without any matching Ether liquidity, and use natural market movements of the token to generate the Ether required for a traditional liquidity pool. This creates a product that allows a sale to generate funds for the pool to occur while users enjoy trading as they would on any other token.

Teams can now, whether creating their very first token pool or adding to one of their many on different chains, launch a pool with 0 Ether while providing the same experience to which users are accustomed.

For traders:

Traders in the current cryptocurrency environment are in constant danger. Whether it be from scams, rug pulls, bots, or snipers, even the most careful traders can fall prey to malicious actors. Inedible was initially created to stop traders from being taken advantage of from bots, inedibleX added safety features against rug pulls with forced locked liquidity, and Goat Trading goes beyond both of those by also adding forced vesting for protection against teams and forced minimum liquidity for protection against snipers.

Goat Trading has the most security features of any decentralized exchange on the market. Teams cannot pull the pool liquidity all at once, teams cannot mint extra tokens and dump them into the market, snipers cannot buy up a huge percent of the supply for negligible cost, and bots cannot sandwich users to always give them the worst price.

Goat represents a turning point in the industry where users will no longer be constantly fearful of being scammed and can instead trade in peace.