What is Decentralized Finance (DeFi) Podcast

Understanding Decentralized Finance (DeFi) and the Benefits of the Goblins Protocol

Decentralized Finance (DeFi) refers to financial products and services built on public blockchains, enabling open, transparent, and permissionless access to financial activities.

Example: Decentralized Exchange (DEX)

A decentralized exchange (DEX) is a peer-to-peer marketplace where crypto transactions are conducted directly between traders using smart contracts. In contrast, a centralized exchange (CEX) involves transactions between traders and a third party.

Key Benefits of the Goblins Protocol

The Goblins Protocol is a DEX that offers several advantages over centralized exchanges (CEXs), including decentralization, self-custody, transparency, and greater accessibility.

Decentralization and Self-Custody

1. Decentralized Network:
   • No Central Control: Unlike centralized organizations operating CEXs, the Goblins Protocol runs on a decentralized network with no single entity controlling the exchange.
2. Immutable Smart Contracts:
   • Unchangeable Rules: The smart contracts of the Goblins Protocol cannot be altered once deployed, ensuring that the rules remain unchanged and fair.
3. Self-Custodial Funds:
   • User Control: Users retain full control of their assets, with no third party able to take possession of them, reducing the risk of hacks and fraud.

Transparency

1. Open-Source Code:
   • Publicly Available: All code is open-source and publicly available, allowing anyone to review and audit it.
2. Public Ledger:
   • Immutable Records: Transactions and smart contract interactions are recorded on public blockchains, creating a transparent and immutable ledger that anyone can access and verify. This ensures transparency and accountability.

Greater Accessibility

1. Inclusive Trading:
   • Trade Any Token: The Goblins Protocol allows anyone to trade any token or create a market for any token, fostering inclusivity.
2. Global Reach:
   • No Banking Barriers: DEXs are accessible to a wider range of users, including those without access to traditional banking services, enabling global participation in the financial ecosystem.

Additional Tips and Considerations

1. Security:
   • Personal Responsibility: As users have full control over their assets, it is essential to follow best security practices, such as using secure wallets and enabling two-factor authentication.
   • Smart Contract Risks: While smart contracts are immutable, they can still have vulnerabilities. Users should stay informed about audits and updates.
2. Liquidity and Trading Volume:
   • Market Conditions: Monitor the liquidity and trading volume of the tokens you are interested in, as lower liquidity can lead to higher slippage and less favorable trading conditions.
   • Pool Participation: Consider participating in liquidity pools to earn fees and enhance market liquidity.
3. Regulatory Awareness:
   • Compliance: Stay informed about the regulatory landscape in your jurisdiction, as DeFi and DEX activities may be subject to regulations.
4. Community Engagement:
   • Active Participation: Engage with the Goblins community through forums, social media, and events to stay updated on developments and best practices.
   • Feedback and Development: Provide feedback and contribute to the development and improvement of the protocol.

Conclusion

Decentralized Finance (DeFi) and the Goblins Protocol offer a new paradigm in financial services, providing decentralization, transparency, self-custody, and greater accessibility. By understanding these benefits and following best practices, users can effectively participate in and benefit from the decentralized financial ecosystem. Stay informed, secure your assets, and engage with the community to maximize your DeFi experience with the Goblins Ecosystem.

What is a Cryptocurrency Wallet Podcast

How do I get a Cryptocurrency Wallet Podcast

Understanding Cryptocurrency Wallets

A cryptocurrency wallet allows you to store, send, and receive cryptocurrencies on the blockchain. Before selecting a wallet, it is important to understand the different types available and how to set them up.

How to Get a Crypto Wallet

The steps to acquiring a crypto wallet depend on the type you choose. Here is an overview:

How to Get a Software Wallet

Software Wallet (Hot Wallet): A software wallet is a browser-based or mobile app-based wallet. There are two types: custodial wallets and self-custodial wallets.

Custodial Wallet:

• Description: In a custodial wallet, a third party holds your cryptographic private keys and securely stores your funds. These providers are often regulated like traditional banks.
• Setup:
  1. Download the wallet application to your phone or visit the web browser.
  2. Create a username and password to secure your account. Follow the specific setup steps provided by the wallet.
  3. Note: You will not receive the private key; the provider has custody of it.
• Common Providers: Coinbase, Gemini, Crypto.com
• Limitations: Custodial wallets cannot be used for trading on Goblins or other DeFi applications.
• Tip: Do your own research to find the best custodial wallet for your needs.

Self-Custodial Wallet:

• Description: In a self-custodial wallet, you alone hold your cryptographic private keys and are responsible for securely storing them.
• Setup:
  1. Download the wallet application to your phone or visit the web browser.
  2. Create your account and write down your recovery phrase in a secure location. This phrase is crucial for accessing your wallet if you forget your private keys.
  3. Connect your fiat funding source to your wallet. Options for converting fiat to crypto vary by wallet.
• Common Providers: Metamask, Coinbase Wallet, and Rabby Wallet.
• Tip: Do not share your recovery phrase with anyone. Conduct thorough research to find the best self-custodial wallet for you.

How to Get a Hardware Wallet

Hardware Wallet (Cold Wallet): A hardware wallet is a physical device that stores your cryptographic private keys offline. It is a type of self-custodial wallet.

Setup:

1. Purchase a hardware wallet directly from the manufacturer to ensure it is brand new.
2. Follow the setup instructions provided with the hardware wallet or on the manufacturer’s official website.
3. Save your recovery phrase securely. Most hardware wallets provide materials to help you save this phrase. Remember, if you lose your private keys or recovery phrase, no third party can help you access your wallet.

Common Providers: Ledger, Trezor, and Safepal. Tip: Do thorough research to find the best hardware wallet for your needs.

After Setting Up Your Wallet

Once your wallet is set up and you have purchased tokens, you can connect your self-custodial wallet to the Goblins Ecosystem to store, send, and receive cryptocurrency securely.

What is a Cryptocurrency Wallet Address Podcast

Understanding Cryptocurrency Wallet Addresses

A cryptocurrency wallet address is a public address associated with your cryptocurrency wallet, appearing as a randomly generated string of characters. Each wallet has a unique address, functioning like a digital home address to securely send and receive cryptocurrency.

Uses of Your Wallet Address

You might share your wallet address with:

• Friends: To receive tokens or NFTs from friends.
• Projects: To participate in airdrops or gain special access to projects.
• Customer Service: To get assistance from platforms like Goblins or customer service agents.

Additionally, you can use your wallet address to find your transaction hash on a block explorer, allowing you to track and verify transactions.

Important Security Tips

• Safe to Share: You can safely share your wallet address with others.
• Do Not Share: Never share your private key or recovery phrase with anyone. These are used to access and control your wallet and should be kept secure.

Additional Information

• Receiving Funds: Your wallet address is essential for receiving funds securely. Ensure you provide the correct address to avoid any issues with transactions.
• Checking Balances: You can use your wallet address on blockchain explorers to check your balance and transaction history.
• Compatibility: Some wallets that you get allow you to generate multiple addresses for added privacy and security. Ensure your wallet supports the cryptocurrencies you intend to receive.

By understanding the role and proper usage of your cryptocurrency wallet address, you can manage your digital assets more effectively and securely.

How do I connect a Cryptocurrency Wallet Podcast

How to Connect Your Cryptocurrency Wallet to the Goblins App

Connecting your cryptocurrency wallet to the Goblins App is a straightforward process that can be done using either a desktop or mobile browser. Follow these steps to securely start trading on our decentralized exchange (DEX).

Steps to Connect Your Wallet to Goblins

 1) Navigate to the Goblins DEX:

• Open your preferred browser and go to the Goblins Website. Select “Launch App” from the top menu. Alternatively, you can go directly to the Goblins DEX.

2) Click “Connect”:

• In the upper right-hand corner of the Goblins DEX, click the “Connect” button.

3) Choose Your Connection Method:

• WalletConnect: Select WalletConnect and scan the displayed QR code with your mobile wallet app or find your desktop wallet in the selections below.
• MetaMask, Rabby Wallet or Coinbase Wallet: Select MetaMask, Rabby Wallet, or Coinbase Wallet to connect directly if you are using these popular browser extensions.

4) Approve the Connection:

• Your wallet will prompt you to approve the connection if this is your first time connecting to the Goblins DEX. Confirm the approval to complete the connection process.

5) Connected Wallet:

• Once approved, your wallet will be successfully connected to the Goblins DEX, allowing you to manage your assets, provide liquidity, and execute trades.

Additional Tips and Considerations

1. Secure Connection:
   • Verify URL: Always ensure you are on the correct Goblins website URL to avoid phishing scams.
   • Private Keys: Never share your private keys or seed phrase with anyone. Goblins will never ask for this information.
2. Compatible Wallets:
   • Popular Choices: MetaMask, WalletConnect, Coinbase Wallet and Rabby Wallet are among the most popular and secure options for connecting to the Goblins DEX.
   • Wide Compatibility: The “All Wallets” option provides flexibility by supporting a wide range of wallets, ensuring compatibility with your preferred choice.
3. Troubleshooting Connection Issues:
   • Browser Updates: Ensure your browser and wallet extensions are updated to the latest versions.
   • Clear Cache: If you encounter issues, try clearing your browser’s cache or restarting the browser.
4. Mobile Connectivity:
   • Mobile Wallet Apps: Use WalletConnect to seamlessly connect your mobile wallet apps like Trust Wallet, MetaMask Mobile, or others by scanning the QR code.
5. Privacy and Security:
   • Approval Requests: Only approve connection requests from the official Goblins site. Be cautious of unsolicited approval prompts.

Conclusion

Connecting to the Goblins liquidity app is quick and easy, whether you use a desktop or mobile browser. By following the steps outlined above, you can securely link your wallet and start enjoying the features of the Goblins DEX, including trading, providing liquidity, and more. Always prioritize security and ensure you are on the official Goblins site. Happy trading!

How do I disconnect a Cryptocurrency Wallet Podcast

How to Disconnect Your Cryptocurrency Wallet from Goblins

Disconnecting your cryptocurrency wallet from the Goblins Protocol is a simple process that you can complete at any time. This ensures your security and privacy when you’re not actively using the platform.

Steps to Disconnect

1) Access Your Wallet:

• Top Right Corner: Click on your wallet address located in the top right corner of the Goblins interface.

2) Disconnect:

• Select the Disconnect Icon and click on “Disconnect.”

Additional Information and Tips

1. Why Disconnect?
   • Security: Disconnecting when not in use can help protect your funds from unauthorized access.
   • Privacy: Ensures that your wallet information is not exposed or linked to your activities when you’re not using the platform.
2. Reconnecting Your Wallet:
   • Simple Reconnection: Reconnecting your wallet to Goblins is just as easy. Simply click on the “Connect Wallet” button and follow the prompts.
   • Multiple Wallets: If you use multiple wallets, you can disconnect and reconnect different wallets as needed.

Conclusion

Disconnecting from the Goblins Protocol is a quick and easy process that enhances your security and privacy. By following the steps outlined above, you can ensure your wallet is only connected when necessary. Remember to disconnect when not in use to maintain the highest level of protection for your digital assets.

What is a Gas Fee Podcast

Understanding a Gas Fee on Goblins

A gas fee is a fee paid to the validators of the blockchain network you are using for your cryptocurrency transaction. The required coin for paying these fees depends on the specific network.

Supported Networks and Their Native Coins

Below are the networks supported by Goblins and the respective coins used for these fees:

• smartBCH: BCH

Acquiring Coins for Gas Fees

If you need coins for these fees, you can obtain them through the following methods:

1. Transfer from Another Source:
   • Exchanges and Wallets: Transfer the native coin from another exchange or wallet into your Goblins-compatible wallet.
2. Bridge Tokens:
   • Token Bridges: Use a bridge to transfer tokens to the network you are swapping on to cover the fees.

Important Points to Consider

1. Non-Refundable Fees:
   • Transaction Costs: Every transaction on the blockchain incurs a fee, which is non-refundable, even if the transaction fails. Validators must still use their resources to process and verify the transaction.
2. Decentralized Validation:
   • Resource Utilization: Validators use their own computers to verify and process transactions, rather than relying on a central authority. This ensures the decentralized nature of the blockchain network.
3. Goblins’ Role:
   • No Control Over Fees: Goblins does not control or receive any portion of the gas fees. These fees are entirely managed by the blockchain network’s validators.

Additional Tips and Considerations

1. Estimating a Fee:
   • Fee Calculators: Use gas fee calculators and estimators to predict the costs of your transactions on the network. This can help you budget for your transactions more effectively.
   • Network Conditions: Gas fees can fluctuate based on network congestion and transaction volume. Monitor these conditions to choose optimal times for transactions.
2. Managing a Fee:
   • Adjustable Gas Prices: Some wallets allow you to adjust the gas price to prioritize transaction speed or cost. A higher gas price can speed up transaction processing, while a lower gas price can save on fees but may take longer.
   • Batch Transactions: If possible, batch multiple transactions into one to save on overall gas costs.
3. Security and Efficiency:
   • Secure Wallets: Ensure that your wallet is secure and properly configured to handle these fees and transactions efficiently.
   • Stay Updated: Keep up-to-date with network upgrades or changes in gas fee structures that could affect your transactions.
4. Gas Fee Alerts:
   • Notification Services: Some platforms offer alert services that notify you when gas prices drop to a certain level, allowing you to execute transactions at a lower cost.

By understanding and managing gas fees, you can optimize your transactions on the Goblins Protocol, ensuring efficient and cost-effective participation in the decentralized finance ecosystem.

How is a Gas Fee set Podcast

Understanding Gas Fees

Gas fees are determined by the supply and demand of validators on the network. When there is high traffic on the network (a large volume of transactions), the network cost increases. Conversely, when there is low traffic on the network (a smaller volume of transactions), the network cost decreases.

How is a Gas Fee Set?

1. Dynamic Pricing:
   • Fluctuating Fees: Gas fees fluctuate based on real-time network conditions. During peak times, users may experience significantly higher fees, while off-peak times typically offer lower fees.
2. Gas Limit:
   • Computational Effort: Each transaction requires a certain amount of computational effort, measured in gas. Users set a gas limit for their transactions, indicating the maximum amount they are willing to pay.
3. Priority Fees (Tips):
   • Incentivizing Speed: To incentivize faster transaction processing, users can add a priority fee (tip) to their gas fee. Blockchain Validators prioritize transactions with higher tips.
4. Base Fee:
   • Automatic Adjustment: Some networks, like Ethereum after the London upgrade, include a base fee that adjusts automatically based on network demand. This fee is burned, reducing the overall supply of the network’s native coin.
5. Gas Price Markets:
   • User Selection: Users can select their gas price based on how quickly they want their transaction processed. Higher gas prices generally lead to faster transaction confirmations.
6. EIP-1559 (Ethereum Specific):
   • Fee Mechanism Changes: This proposal introduced changes to the gas fee mechanism, including the base fee and a new fee-burning model, making gas fees more predictable and reducing volatility.

Tips and Considerations

1. Estimating Gas Fees:
   • Fee Calculators: Use gas fee calculators and estimators to predict the costs of your transactions on the network. This can help you budget for your transactions more effectively.
   • Network Conditions: Monitor network conditions to choose optimal times for transactions. Off-peak hours typically have lower fees.
2. Managing Gas Fees:
   • Adjustable Gas Prices: Some wallets allow you to adjust the gas price to prioritize transaction speed or cost. Higher gas prices can speed up transaction processing, while lower prices can save on fees but may take longer.
   • Batch Transactions: If possible, batch multiple transactions into one to save on overall gas costs.
3. Security and Efficiency:
   • Secure Wallets: Ensure that your wallet is secure and properly configured to handle gas fees and transactions efficiently.
   • Stay Updated: Keep up-to-date with network upgrades or changes in gas fee structures that could affect your transactions.
4. Gas Fee Alerts:
   • Notification Services: Some platforms offer gas fee alert services that notify you when gas prices drop to a certain level, allowing you to execute transactions at a lower cost.

Conclusion

Gas fees are a crucial aspect of using blockchain networks, determined by the real-time supply and demand of validators. Understanding the factors of how a gas fee is set, such as dynamic pricing, gas limits, priority fees, base fees, and mechanisms like EIP-1559, can help users better manage their transaction costs. By leveraging tools for estimating fees, adjusting gas prices, and monitoring network conditions, users can optimize their transactions for cost and efficiency on the Goblins Ecosystem and other blockchain networks.

What is Price Impact Podcast

Understanding and Managing Price Impact in Token Trades

Price Impact is the change in token price caused directly by your trade. It’s calculated as the difference between the current market price and the new price resulting from your trade, reflecting how your transaction affects the liquidity pool.

Key Factors Influencing Price Impact

• Liquidity Pool Size:
  • High Liquidity: Leads to minimal impact, maintaining stable prices.
  • Low Liquidity: Causes significant impact, leading to less favorable prices.

Additional Tips and Considerations:

1. Minimizing Impact:
   • Divide Large Trades: Spreading large trades over multiple transactions can reduce the impact.
   • Trade in High-Liquidity Pools: Always aim to execute trades in pools with higher liquidity to minimize adverse effects.
2. Adjusting Slippage Tolerance:
   • Protect Against Price Swings: Set an appropriate slippage tolerance to safeguard against significant price changes during the transaction. This helps ensure your trade executes closer to your expected price.
3. Monitor Pool Dynamics:
   • Constantly Changing Values: The price impact rate fluctuates due to ongoing changes in liquidity pool value driven by the supply and demand of each token. Regularly monitor the pool conditions before executing large trades.
4. Consider Liquidity Provider Perspective:
   • Impact on Earnings: If you’re a liquidity provider, be aware that large trades can influence the pool’s token balance and affect your share of earnings.
5. Strategic Timing:
   • Avoid High Volatility: Execute trades during periods of lower market volatility to reduce the likelihood of significant impact.
6. Use Advanced Tools:
   • Analytics and Simulations: Utilize tools that offer impact simulations before executing a trade, allowing you to anticipate potential outcomes.

Conclusion

Understanding price impact and how it affects your trades is crucial for optimizing your trading strategy. By carefully managing your trade size, selecting appropriate pools, and adjusting slippage tolerance, you can minimize negative impacts and enhance your trading outcomes. Regular monitoring of liquidity conditions and strategic trade execution will help you navigate price impact more effectively.

What is Price Slippage Podcast

Understanding and Managing Price Slippage in Token Swaps

Price Slippage is a critical factor to consider when trading tokens, as it represents the difference in token price between the initiation and completion of a trade. Slippage is most noticeable in volatile markets, where prices can fluctuate rapidly.

Automatic Slippage Settings

The auto slippage percentage typically ranges from 0.1% to 5%, depending on factors such as network congestion and the size of the swap. The auto slippage feature is designed to optimize the outcome of your swap.

Manual Slippage Adjustment

You also have the option to manually set your desired slippage percentage for a swap. Here’s how to do it:

1. Select the settings icon.
2. Choose the slippage drop-down menu.
3. Switch between “Auto” and “Custom” slippage. Selecting “Custom” allows you to specify your own slippage percentage.

Viewing Slippage in Swap Details

To view the slippage for a specific swap:

1. Enter the details of your desired swap.
2. Select the arrow to expand the swap details.
3. The current slippage will be listed as “Maximum slippage.”

Additional Tips and Considerations

1. Market Conditions: Be aware of market conditions. High volatility increases the likelihood of significant slippage.
2. Transaction Speed: Faster transactions may reduce the risk of slippage. Consider increasing gas fees to expedite the transaction.
3. Token Liquidity: Low liquidity can lead to higher slippage. Check the liquidity pool’s depth before trading.
4. Slippage Tolerance: Adjust your slippage tolerance based on your risk appetite. Lower tolerance minimizes risk but may lead to transaction failures, while higher tolerance may result in less favorable trade outcomes.
5. Regular Monitoring: Keep an eye on market trends and adjust your slippage settings accordingly to protect your investments.
6. Strategic Use: In some cases, accepting higher slippage might be necessary to execute a trade quickly during market fluctuations, but be mindful of the potential downsides.

Conclusion

Effectively managing slippage settings is essential for controlling the outcomes of your token swaps. By understanding how slippage works and adjusting your settings based on market conditions, liquidity, and your risk tolerance, you can minimize the impact of market volatility on your trades and make more informed decisions in the cryptocurrency market.

Price Impact vs Price Slippage Podcast

Understanding Price Impact and Price Slippage in Cryptocurrency Swaps

When swapping cryptocurrencies, it’s essential to understand the concepts of price impact and price slippage, as they can significantly affect the outcome of your trades. Although often confused, these terms refer to different phenomena.

Price Impact

Price Impact refers to the change in the price of a token that is directly caused by your trade. This occurs because your trade affects the total liquidity in the pool. For instance, a large trade can significantly alter the token’s price due to the pool’s liquidity dynamics. Price impact is reflected as the difference between the current market price and the price at which your trade is executed.

Tips and Considerations:

• Large Trades: Be cautious with large trades, as they can have a substantial price impact, especially in pools with low liquidity.
• Split Orders: To minimize price impact, consider splitting large orders into smaller ones and executing them over a period of time.
• Liquidity Pools: Choose pools with higher liquidity to reduce the price impact of your trades.

Price Slippage

Price Slippage refers to the change in the token price caused by the overall movement of the market between the initiation and completion of your trade. It is shown as the difference between the expected price at the start of the swap and the actual price received after the swap is completed.

Tips and Considerations:

• Market Conditions: Monitor market conditions, as high volatility can increase the likelihood of significant slippage.
• Slippage Tolerance: Set an appropriate slippage tolerance in your swap settings to balance between successful execution and receiving the expected amount of tokens.
• Automatic vs. Custom Slippage: Utilize the automatic slippage feature for optimal outcomes or customize your slippage percentage for greater control.

How to Change and View Slippage

Changing Slippage in Swap Settings:

1. Select the Settings Icon: Access the swap settings.
2. Slippage Drop-Down: Choose between “Auto” and “Custom” slippage.
3. Custom Slippage: Enter your desired slippage percentage when selecting “Custom.”

Viewing Slippage in Swap Details:

1. Enter Swap Details: Input the desired swap information.
2. Expand Details: Click the arrow to expand the swap details.
3. Maximum Slippage: View the current slippage listed as “Maximum slippage.”

Important Considerations

• Low Slippage: Setting slippage too low might cause your transaction to revert or fail due to insufficient allowance for price movement.
• High Slippage: A high slippage setting can lead to receiving fewer tokens than expected. For example, with a 25% slippage setting, you might receive 25% fewer tokens than shown in the swap preview.

Summary

Understanding the differences between price impact and price slippage and managing them effectively is crucial for optimizing your cryptocurrency trades. By considering liquidity, market conditions, and appropriate slippage settings, you can minimize adverse effects and improve trade outcomes.

What is an Approval Transaction Podcast

How to Approve a Token for Swapping on Goblins Protocol

When you first swap or add liquidity using the Goblins Protocol, you need to approve the token you intend to swap. This approval transaction grants the protocol permission to access and swap that token from your wallet.

Steps to Complete an Approval Transaction:

1) Enter Swap Details:

• Select from the dropdown your input token and enter the amount you wish to swap.
• Click on the “Select Token” button to choose your output token.

2) Approve and Swap:

• Select “Approve and swap” to begin the approval process.

3) Token Approval:

• Allow Goblins to access the token in your wallet. This step requires a gas fee, and you may need to specify the amount to approve, which should cover or exceed your swap amount.

4) Permit2 Signature:

• Permit the token for swapping in your wallet. This also involves a gas fee and requires a Permit2 signature.

5) Confirm the Swap:

• Confirm the transaction in your wallet, which will again require a gas fee.

6) Swap Success:

• Once completed, you’ll see a “Swap success” message with a green checkmark.

Additional Considerations:

• Approval Duration: Token approvals last for 30 days. After this period, you’ll need to reapprove the token. However, subsequent approvals after expiration involve only a signature request without a gas fee.
• Security Tip: It’s a good practice to review and revoke unnecessary token approvals to enhance wallet security and prevent unauthorized access.

Understanding these steps and considerations will help you smoothly navigate the token approval process and maintain control over your wallet’s security when interacting with the Goblins Protocol.

Approval Transaction Troubleshooting Podcast

Why did my Transaction Fail Podcast

Common Reasons for Transaction Failures on Goblins

When using Goblins, several factors can cause a transaction to fail. Understanding these reasons can help you troubleshoot and resolve issues effectively.

1. Slippage Limits

Default Slippage Setting

The Goblins interface sets a default slippage limit of 0.5%. Slippage is the difference between your expected output and the actual output at the time of your swap. If the price changes by more than your set slippage, the transaction will fail.

Tips:

• Adjust Slippage: Increase your slippage tolerance if your transaction is failing due to price fluctuations. Be cautious, as higher slippage increases the risk of receiving less favorable rates.

2. Transaction Deadline Expired

20-Minute Deadline

The Goblins interface enforces a 20-minute transaction deadline to prevent users from executing swaps after significant price movements. If your transaction exceeds this time limit, it will fail.

Tips:

• Gas Fees: Ensure your gas fee is set appropriately. A low gas fee can delay transactions, causing them to exceed the deadline. Adjust your gas fee to a higher amount if needed.

3. Insufficient Funds

Network Cost

You need sufficient funds in your network’s native token to cover transaction fees. If you don’t have enough, the transaction will fail.

Tips:

• Check Balance: Ensure you have enough native tokens to cover the transaction fees.
• Adjust Swap Amount: Lower the swap amount to reduce the required fee.
• Monitor Fees: Wait for gas fees to decrease during periods of lower activity.

4. Token Fee

Token Contract Fees

Some tokens have fees embedded in their contracts. These fees can affect your transaction if not accounted for in the slippage settings.

Tips:

• Increase Slippage: Adjust the slippage to account for the token’s fees.
• Research Tokens: Use resources like GoPlus Labs and Honeypot Detector to check for buy/sell fees before swapping.

5. Token Not Supported by Goblins

Deflationary Tokens

The Goblins router does not support deflationary tokens. Transactions involving these tokens will automatically fail.

Tips:

• Check Token Compatibility: Verify if the token is supported by Goblins before initiating a swap. Avoid using deflationary tokens.

Additional Resources

• GoPlus Labs: For checking token details and potential fees.
• Honeypot Detector: To detect potential honeypot scams and token fees.

Conclusion

Transactions on Goblins can fail due to various reasons such as slippage limits, transaction deadlines, insufficient funds, token fees, and unsupported tokens. By understanding these factors and following the provided tips, you can effectively troubleshoot and resolve transaction issues. Always ensure you have sufficient funds, adjust your settings appropriately, and research tokens before swapping to enhance your transaction success rate.

How can I make my Transaction Succeed Podcast

What can I do for a Pending Transaction Podcast

What to Do If Your Goblins Transaction Is Pending

If your Goblins transaction is pending for an extended period, you have three options to address the situation. Here’s what you can do:

1. Wait for Automatic Failure

• Default Transaction Deadline: The Goblins interface has a default transaction deadline of 20 minutes. If the transaction does not confirm within this timeframe, it will automatically fail.
• After Failure: Once the transaction fails, you can resubmit it. This might be the simplest option, but it requires patience.

2. Speed Up the Transaction

• Increase Gas Price: Many wallets allow you to speed up a transaction by resubmitting it with a higher gas price. This increases the likelihood of the transaction being processed sooner.
• Note: This method is not guaranteed to work every time, as it depends on network conditions and the new gas price relative to other transactions.

3. Cancel the Transaction

• Submit an Empty Transaction: You can cancel a pending transaction by submitting an ‘empty’ transaction (a transaction with no action) with a higher gas price. This essentially replaces the pending transaction with a new one.
• Note: Similar to speeding up, canceling is not always guaranteed to work, but it is a viable option to try.

Transaction Fees

• Associated Costs: Each of the above options involves transaction fees. Be prepared to pay these additional fees when speeding up or canceling a transaction.

Tips and Considerations

Monitor Network Conditions

• Network Congestion: High network congestion can lead to longer pending times. Check network conditions before submitting a transaction to gauge appropriate gas prices.

Set Appropriate Gas Prices

• Gas Price Tools: Use gas price tools to determine optimal gas prices based on current network activity.
• Initial Submission: Setting a competitive gas price when first submitting your transaction can help avoid pending status.

Stay Informed

• Wallet Notifications: Enable notifications from your wallet to stay updated on the status of your transactions.
• Transaction History: Regularly check your transaction history to ensure all actions are completed as expected.

Conclusion

If your Goblins transaction is pending for a long time, you can wait for it to fail automatically, speed it up by increasing the gas price, or cancel it by submitting an empty transaction with a higher gas price. Each option involves transaction fees, and the success of speeding up or canceling is not guaranteed. By staying informed and using appropriate gas prices, you can better manage your transactions and minimize delays.

What is a Transaction Hash Podcast

Understanding Blockchain Transaction Hashes

A blockchain transaction hash, also known as a transaction ID, is a unique string of characters assigned to every transaction recorded on a blockchain. This identifier plays a crucial role in tracking and verifying transactions across the blockchain network.

Using Blockchain Explorers

Blockchain explorers like SmartScout allow users to view and track transactions using the transaction hash. By entering the hash into the explorer, you can access detailed information about the transaction, including:

• Sender and Receiver: Identifies the addresses involved in the transaction.
• Amount: Displays the amount of cryptocurrency transferred.
• Timestamp: Shows when the transaction occurred.
• Block Number: Indicates the block in which the transaction was included.

Tips

1. Copy/Paste: Always copy and paste the hash directly from your wallet or block explorer to avoid errors. Manual entry can lead to mistakes, making it difficult to track the correct transaction.
2. Double-Check: Before sharing or using a hash, verify its accuracy to ensure it’s correctly copied. A small error in the hash can prevent you from locating the correct transaction or could lead to confusion.
3. Secure Sharing: When sharing a hash, do so securely. Although hashes are generally safe to share, it’s important to ensure that you’re not inadvertently exposing other sensitive information.

Additional Information

• Immutable Records: Once generated, a hash becomes a permanent part of the blockchain, ensuring transparency and traceability. This immutability guarantees that once a transaction is recorded, it cannot be altered or removed, providing a reliable way to audit transactions.
• Multiple Uses: Hashes are essential for confirming payments, tracking the status of transactions, and resolving disputes. By providing a transparent and immutable record of each transaction, these hashes are invaluable in maintaining the integrity of blockchain operations.

Conclusion

Blockchain transaction hashes are fundamental to the transparency, traceability, and security of blockchain transactions. By understanding how to properly handle and use these hashes, you can more effectively manage your blockchain interactions, ensuring accuracy and reducing the potential for errors on DeFi platforms like Goblins.

I Sent Funds to the Wrong Address Podcast

What to Do If You Send Tokens to the Wrong Address

Sending tokens to the wrong address or a contract address can result in permanent loss of your assets. Here’s what you need to know and steps you can take in such situations.

Irreversible Transactions on the Blockchain

Once a transaction is confirmed on the blockchain, it cannot be reversed or refunded. This immutability is a fundamental characteristic of blockchain technology, ensuring transaction integrity but also posing risks for mistakes.

Sent Tokens to the Wrong Address

Reaching Out to the Recipient

If you accidentally send tokens to the wrong address:

• Know the Owner: If you know the owner of the wallet address, you can contact them and request that they return the tokens to you.
• Unknown Owner: If you do not know the owner of the wallet address, recovery becomes highly unlikely. Without the owner’s cooperation, the tokens may be lost permanently.

Note: Goblins cannot assist with recovering tokens sent to the wrong address as we do not collect user data. You can read more about our commitment to privacy here.

Sent Tokens to a Contract Address

Understanding Contract Addresses

If you send tokens to a contract address, the likelihood of recovery is low. Most contract addresses do not include a function to return tokens. Unlike wallet addresses, contract addresses are designed for executing specific functions and often do not have mechanisms to send tokens back.

Preventive Measures and Tips

Double-Check Addresses

• Verify Accuracy: Always double-check the recipient address before sending tokens. A small mistake can lead to permanent loss.
• Copy-Paste Carefully: Use the copy-paste function carefully to avoid errors in manual entry.

Use Wallet Features

• Address Book: Utilize the address book feature in your wallet to save and verify frequently used addresses.
• QR Codes: Use QR codes to avoid typing errors when sending tokens to known addresses.

Understanding Contract Interactions

• Know the Differences: Be aware of the difference between wallet addresses and contract addresses. Wallet addresses are for user transactions, while contract addresses execute specific functions on the blockchain.
• Avoid Direct Transfers to Contracts: Unless you are certain about the functionality of a contract address, avoid sending tokens directly to them.

Security Practices

• Use Trusted Platforms: Ensure you are using trusted platforms and wallets for transactions.
• Stay Informed: Keep updated with best practices for secure transactions and wallet management.

Conclusion

Sending tokens to the wrong address or a contract address can result in irreversible loss. Always verify recipient addresses carefully, use wallet features to minimize errors, and understand the functionality of contract addresses. While blockchain transactions offer security and integrity, they require careful management to prevent costly mistakes.

The Goblins App fails to load Podcast

Troubleshooting Steps for Loading Issues with the Goblins App

If you’re experiencing difficulties loading the Goblins app at app.goblins.cash, here are several steps you can take to troubleshoot the problem:

1. Reload the Website

Hard Refresh

Performing a hard refresh can clear your browser’s cache for the website and force it to load the most recent version.

• On Desktop:
  • PC: Press Ctrl + Shift + R simultaneously.
  • Mac: Press Command + Shift + R simultaneously.

2. Clear Your Browser Cache

Clearing your browser’s cache can resolve loading issues caused by outdated or corrupted files.

• On Desktop:
  • Access your browser settings and find the option to clear browsing data. Ensure that you clear the cache.
• On Mobile:
  • Follow the instructions specific to your mobile browser to clear the cache.

3. Use a Standard Web Browser

Access the Goblins app directly through a standard web browser instead of a wallet dApp browser.

• URL: Visit app.goblins.cash in your preferred web browser (e.g., Chrome, Firefox, Safari).

4. Restart Your Device

Sometimes a simple restart can resolve technical issues. Restart your computer or mobile device to refresh the system.

5. Try Again Later

The Goblins web app might be experiencing temporary issues. If the steps above don’t work, try accessing the app again after a few minutes. The team might be addressing the problem.

Additional Tips and Considerations

• Check Internet Connection: Ensure your internet connection is stable and working properly.
• Browser Updates: Make sure your web browser is up to date, as outdated browsers can sometimes cause compatibility issues.
• Disable Extensions: Browser extensions can sometimes interfere with web applications. Try disabling them temporarily to see if it resolves the issue.
• Check for Announcements: Visit the Goblins social media pages or community forums for any announcements about maintenance or known issues.

Conclusion

If you’re having trouble loading the Goblins app, follow these troubleshooting steps to resolve the issue. Performing a hard refresh, clearing your browser cache, using a standard web browser, restarting your device, and trying again later can help address most common loading problems. Always ensure your internet connection is stable and your browser is up to date for the best experience.

How do I resolve a Network Warning Podcast

Understanding and Resolving “Network Warning” Messages on the Goblins App

If you encounter a “Network Warning” message while using the Goblins App, it could be due to one of two reasons. Here’s how to troubleshoot and resolve these issues:

Reasons for “Network Warning” Messages

1. Loss of Internet ConnectionExplanation: Your device has lost its internet connection. Here are some solutions:
   • Check WiFi Connection: Ensure that your WiFi or wired connection is stable and active.
   • Device Status: Verify that your device is connected to the internet.
   • Refresh the Page: After confirming your connection, try refreshing the Goblins App page.
2. Network DowntimeExplanation: The blockchain network you are using is experiencing downtime. Although this is a rare occurrence, it can happen. Here are some solutions:
   • Wait for Resolution: Unfortunately, during network downtime, the only option is to wait for the blockchain developers to address and resolve the issue.
   • Check Network Status: Monitor the status of the network through official channels or community forums to stay updated on the progress of the issue resolution.

Additional Tips and Considerations

• Stable Internet Connection:
  • Ensure a stable internet connection by positioning your router optimally and reducing interference from other devices.
  • Use a wired connection if possible to avoid WiFi-related issues.
• Stay Informed:
  • Follow official channels of the blockchain network for real-time updates and announcements regarding network status and maintenance.
  • Join community forums or social media groups related to the blockchain for user-reported issues and solutions.
• Use Reliable Devices:
  • Make sure your device’s hardware and software are up to date to prevent connectivity issues.
  • Restart your device periodically to clear any temporary glitches affecting the internet connection.

Conclusion

A “Network Warning” message on the Goblins App can be due to either a loss of internet connection or network downtime. By ensuring a stable internet connection and staying informed about network status, you can troubleshoot and resolve these issues effectively. If the network is experiencing downtime, patience is key while waiting for the developers to fix the problem.

Subgraph Downtime Podcast

Data Sourcing and Downtime on the Goblins Protocol

The Goblins web app relies on subgraphs from The Graph Protocol to source data for token and liquidity providing charts across various networks. While these subgraphs are generally reliable, there may be occasional downtime affecting data availability.

Impact of Subgraph Downtime

When a subgraph experiences downtime, it results in the absence of token and liquidity providing charts for certain networks. However, Goblins expects these downtimes to be resolved promptly, ensuring that data access is restored as quickly as possible.

Continuity During Downtime

Despite subgraph downtime, you can continue to swap and provide liquidity for all tokens on the Goblins Protocol without any interruptions.

Checking Token Prices During Downtime

Simulate a Swap

To check a token’s price information during subgraph downtime, you can simulate a swap on the Goblins web app. This provides real-time price data based on the current market conditions.

Alternative Price Trackers

You can also check token prices on other cryptocurrency price tracking platforms:

• DexScreener
• Dextools
• CoinGecko

Note: Information on these external sites may not always be accurate, so use them with caution and verify with multiple sources if possible.

Tips and Considerations

Staying Informed

• Check Updates: Keep an eye on updates from Goblins regarding the status of subgraphs to stay informed about any ongoing or resolved downtime.
• Use Reliable Sources: During subgraph downtime, rely on simulations and trusted external price trackers to ensure you are making informed decisions.

Managing Transactions

• Simulate Trades: Before executing trades, simulate them on the Goblins web app to get the most accurate price data available.
• Verify Information: Cross-check prices from different sources to confirm accuracy during periods when subgraph data is unavailable.

Summary

While the Goblins Protocol depends on The Graph Protocol’s subgraphs for displaying token and liquidity providing charts, occasional downtime may affect data availability. However, you can still perform swaps and provide liquidity without disruption. To check token prices during such downtimes, simulate swaps on the Goblins web app or refer to external price tracking sites. Always stay informed and verify information to make well-informed trading decisions.

How do I read a Candlestick Chart Podcast

Introduction

A candlestick chart is a graphical representation of a token’s price movement over time. It provides a detailed view of market trends and price fluctuations.

Components of a Candlestick Chart:

1. Candlesticks: The chart consists of multiple red and green candlesticks, each representing a specific time frame, such as 1 minute, 1 hour, or 1 day, depending on the chart settings.
2. Green Candlesticks:
   • Indicate positive price movement.
   • Often occur when liquidity is added to the market.
   • Can also occur when buyers are more active than sellers.
3. Red Candlesticks:
   • Indicate negative price movement.
   • Often occur when liquidity is removed from the market.
   • Can also occur when sellers are more active than buyers.

Structure of a Candlestick:

• Body: The rectangular part of the candlestick.
  • Represents the price range between the opening and closing prices during the specified time period.
  • A filled (or red) body indicates a closing price lower than the opening price, while an empty (or green) body indicates a closing price higher than the opening price.
• Wicks (or Shadows): The thin lines extending above and below the body.
  • Upper Wick: Represents the highest price reached during the specified time frame.
  • Lower Wick: Represents the lowest price reached during the specified time frame.

Reading a Candlestick Chart:

• The length of the body and wicks indicates the range and volatility of price movements.
• A longer body signifies a larger price change between the opening and closing prices.
• Longer wicks indicate greater fluctuations within the specified time frame, showing the high and low extremes.

Trading Tips Based on Candlestick Readings

1. Identify Trends: Use candlestick patterns like bullish/bearish engulfing or doji to identify trend reversals or continuations. This can help you decide the best times to buy or sell.
2. Watch for Support and Resistance Levels: Candlestick formations near key support or resistance levels can signal potential entry or exit points.
3. Use Volume Confirmation: Ensure that significant candlestick patterns are supported by volume. Higher volume during a pattern indicates stronger market sentiment.
4. Consider Time Frames: Analyze multiple time frames to get a broader understanding of market movements and potential price action.

By integrating candlestick analysis with your swapping strategy on Goblins, you can make more informed decisions and optimize your trading results.