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## What Is Goose Finance (EGG)?

Goose Finance (EGG) is a second-generation yield farming mechanism that allows perpetual price increase with a sustainable and profitable farming yield and a timelock contract. It launched in February 2021.

Goose Finance is trying to solve the issue of significant market fluctuations in decentralized finance ([DeFi](https://coinmarketcap.com/defi/)) caused by users entering and exiting it with large sums of money. The unique burning mechanism works as follows: all of the farms take 4% burn when users stake. Of that, 3% is used to purchase the Golden Egg token which is then sent to the lottery pool and 1% is used to continue the development of the platform.

To prevent the issue of rug pulling, Goose Finance has removed migrator code, as inherited from [PancakeSwap](https://coinmarketcap.com/currencies/pancakeswap/), and timelock was applied at launch. 


### Who Are the Founders of Goose Finance?

As of March 2021, the team behind Goose Finance remains anonymous.


#### What Makes Goose Finance Unique?

Goose Finance (EGG) is a layered farming incubator. Goose Finance launches new farms every 14 days, which users can enter perpetually, helping solve the inflation issue. One new layer token — Layer “X” Goose — spawns every 14 days, proceeding in two ways.

Initial DEX offering (IDO) happens one to three days before layer farming starts and the conversion of IDO is set at 1:3. All of the pledged layer 0 eggs are then burnt. The initial liquidity price of the layers is set at around 2x of the price of the IDO.

The other way is to pledge layer 0 eggs into a nest that cannot unstake and generates Layer “X” Goose forever.

There’s also the omega lottery burning mechanism, where all farms have a 4% burning fee per stake, 3% of which is used to purchase Golden Egg and inject it into the lottery pool. 20% of the lottery pool — known as the burning fee — as well as the lottery ticket costs, are burnt. 

The EGG token is a BEP-20 token that runs on the Binance Smart Chain.


#### Related Pages:

Read more about [eBoost](https://coinmarketcap.com/currencies/eboostcoin/).

Read more about [OMG Network](https://coinmarketcap.com/currencies/omg/).

Learn how to gift someone crypto on [CMC Alexandria](https://coinmarketcap.com/alexandria/article/how-to-gift-someone-crypto).

Enhance your knowledge of cryptocurrencies with the [CoinMarketCap blog](https://coinmarketcap.com/alexandria/categories/blog).


#### How Many Goose Finance (EGG) Coins Are There in Circulation?

Goose Finance (EGG) has a circulating supply of 1,089,885 EGG and no maximum supply data is available as of March 2021.


### How Is the Goose Finance Network Secured?

Goose Finance attempts to create a cleaner environment for people to farm yield. They have removed the migrator backdoor found in PancakeSwap and SushiSwap ([SUSHI](https://coinmarketcap.com/currencies/sushiswap/)).

The team behind it is prevented from mitigating assets by the code, ensuring the safety of the funds. Timelock was also added to the contract at launch.


### Where Can You Buy Goose Finance (EGG)?

Goose Finance (EGG) can be traded on the following exchanges:



*   [PancakeSwap](https://coinmarketcap.com/exchanges/pancakeswap/)
*   [OpenOcean](https://coinmarketcap.com/exchanges/openocean/)

Learn more about how to buy Bitcoin and other cryptocurrencies by reading CoinMarketCap’s [dedicated guide](https://coinmarketcap.com/how-to-buy-bitcoin/).


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