Gains Network has created gTrade, a decentralized leveraged trading platform run on the Polygon blockchain. The platform revolves around the use of two ERC20 and ERC721 utility tokens: GNS and NFTs. These tokens are designed to be used within the platform and allow users to own a part of the protocol through revenue capture.
What is Gtrade?
The gTrade platform has a unique synthetic architecture that makes it more capital efficient than other existing platforms. This allows for low trading fees and a wide range of leverages and pairs, including cryptocurrencies, forex (EUR, GBP,…), stocks (AAPL, NVDA, GME,…). You can find the list of all trading products on their pairs list.
How does it work?
On the gTrade platform, all trades are opened using DAI as collateral, regardless of the underlying trading pair. The leverage provided by the platform is synthetic and is supported by the DAI vault, the GNS/DAI liquidity pool, and the GNS token. If a trade’s profit and loss (PNL) is positive, the trader will receive DAI from the vault. If the trade’s PNL is negative, DAI will be taken from the vault and given to the trade.
What is GNS?
The gTrade platform uses the GNS token to function optimally. The GNS token helps to support the liquidity efficiency of the DAI vault by reducing vault drawdowns and supporting its over-collateralization.
The GNS token also helps to ensure that early supporters of the community will not have their percentage of platform interest diluted by large investors in the future. It will also act as a governance token in a way to govern the protocol.
What is advantageous of trading on Gtrade?
Gains Network’s gTrade platform offers full custody of your funds, so there is no need for deposit or signup. The platform also provides high liquidity and low price impacts, with 0% impact on forex. gTrade uses median spot prices to avoid scam-wicks, and currently offers trading in cryptocurrencies, forex, and stocks. In the future commodities and indices will also be available.
The platform offers the highest leverages in the industry, up to 150x on cryptocurrencies, 1000x on forex, and 100x on stocks. The platform offers competitive fees, with 0.08% charged on every order. The platform is transparent, with 100% on-chain execution of trades. This means that all trades are executed directly on the blockchain, ensuring transparency and for users.
