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gTrade
Decentralized trading platform
What is gTrade?
gTrade, the most liquidity-efficient, powerful, and user-friendly decentralized leveraged trading platform.
Gains Network is developing gTrade, a liquidity-efficient, powerful, and user-friendly decentralized leveraged trading platform.
Our uniquely designed synthetic architecture makes gTrade more capital efficient than any existing platform, allows for low trading fees, and a wide range of leverages and pairs: up to 150x on cryptos, 1000x on forex, 50x on stocks, and 35x on indices. You can read more about this here: The gTrade Platform.
The protocol revolves around the ecosystem's ERC20 utility token (GNS) and ERC721 utility token (NFTs). GNS and the NFTs are designed to be actively used within the platform (utility) and to allow ownership of the protocol through revenue capture & governance (soon). It includes GNS holders receiving platform fees through Single Sided Staking, burning of GNS using platform revenue, NFT holders getting reduced spread and boosted rewards, as well as NFT bots executing limit orders and liquidations.
Long-term vision
gTrade becomes the most adopted decentralized leveraged trading platform.
Gains Network becomes a DAO governed by the $GNS token (or a derivative like $veGNS).
Its only goal is to create great DeFi products that bring revenue that can be distributed in a $GNS staking pool.
Development scales horizontally, any team can create governance proposals to receive funding from the governance and create cutting-edge products that bring revenue to $GNS holders.
Gains Network launches new products like its own casino and metaverse.
GNS: Our Utility Token
gTrade, our first product, wouldn't exist without the GNS token ($GNS). It acts as a mechanism of liquidity efficiency which helps us capitalise on our resources and offer the best trading experience - as well as returns for those participating in the ecosystem. Over its lifetime it has been net deflationary.
It started initially as the $GFARM2 token on Ethereum, which was fairly distributed in an ETH pool and a GFARM2/ETH LP pool. The dev fund and the gov fund had a 5% share of the token distribution (10% total). It was later bridged to Polygon, and had a 1:1000 split to $GNS.
It supports the liquidity efficiency of the DAI vault by minting rewards for NFT bots and affiliates, allowing the DAI to remain within the vault. This adds stability by reducing vault drawdowns and supporting its over-collateralization.
It can be burned when the DAI vault becomes sufficiently overcollateralized to offer a suitable buffer for DAI vault stakers. This is done to counter the inflation from NFT bot and affiliate rewards.
It ensures that people supporting the community early on will not have the percentage of their platform interest diluted by a large whale in future - it gives an equal playing field to community support.
It is a backstop to traders winning on gTrade, as $GNS can be minted to recollateralize the gDAI vault (at a maximum inflation rate of 18.25% per year)
It is going to be one of the main ways to govern the protocol.
Gains Network is developing gTrade, a liquidity-efficient, powerful, and user-friendly decentralized leveraged trading platform.
Our uniquely designed synthetic architecture makes gTrade more capital efficient than any existing platform, allows for low trading fees, and a wide range of leverages and pairs: up to 150x on cryptos, 1000x on forex, 50x on stocks, and 35x on indices. You can read more about this here: The gTrade Platform.
The protocol revolves around the ecosystem's ERC20 utility token (GNS) and ERC721 utility token (NFTs). GNS and the NFTs are designed to be actively used within the platform (utility) and to allow ownership of the protocol through revenue capture & governance (soon). It includes GNS holders receiving platform fees through Single Sided Staking, burning of GNS using platform revenue, NFT holders getting reduced spread and boosted rewards, as well as NFT bots executing limit orders and liquidations.
Long-term vision
gTrade becomes the most adopted decentralized leveraged trading platform.
Gains Network becomes a DAO governed by the $GNS token (or a derivative like $veGNS).
Its only goal is to create great DeFi products that bring revenue that can be distributed in a $GNS staking pool.
Development scales horizontally, any team can create governance proposals to receive funding from the governance and create cutting-edge products that bring revenue to $GNS holders.
Gains Network launches new products like its own casino and metaverse.
GNS: Our Utility Token
gTrade, our first product, wouldn't exist without the GNS token ($GNS). It acts as a mechanism of liquidity efficiency which helps us capitalise on our resources and offer the best trading experience - as well as returns for those participating in the ecosystem. Over its lifetime it has been net deflationary.
It started initially as the $GFARM2 token on Ethereum, which was fairly distributed in an ETH pool and a GFARM2/ETH LP pool. The dev fund and the gov fund had a 5% share of the token distribution (10% total). It was later bridged to Polygon, and had a 1:1000 split to $GNS.
It supports the liquidity efficiency of the DAI vault by minting rewards for NFT bots and affiliates, allowing the DAI to remain within the vault. This adds stability by reducing vault drawdowns and supporting its over-collateralization.
It can be burned when the DAI vault becomes sufficiently overcollateralized to offer a suitable buffer for DAI vault stakers. This is done to counter the inflation from NFT bot and affiliate rewards.
It ensures that people supporting the community early on will not have the percentage of their platform interest diluted by a large whale in future - it gives an equal playing field to community support.
It is a backstop to traders winning on gTrade, as $GNS can be minted to recollateralize the gDAI vault (at a maximum inflation rate of 18.25% per year)
It is going to be one of the main ways to govern the protocol.
Information
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FAQ
How do I close my trade?
To close your trade click the “X” on the right side of your open trade. We recommend selecting the fastest gas setting.
Why is the order button grayed out?
The order button could be grayed out because you haven’t reached the minimum order size. Look for error messages in red above the order button for details.
How do I fix the chart not loading?
Please refresh the site. You can also try changing the RPC and refreshing (see question #6). If the problem persists, notify a mod in the Gains Network Telegram chat found here. https://t.me/GainsNetwork
How do I trade on gTrade?
Please view our guide on using gTrade here. https://medium.com/gains-network/tutorial-decentralized-leveraged-trading-on-gtrade-3b0fc74d6b4
What network is gTrade on?
Just Polygon at the moment.
What is slippage?
Slippage refers to the amount you would be satisfied with the price moving when opening your position. For instance, if the price were to move more than 1% while awaiting the oracle returning the price - you may be unsatisfied with that open. You can set slippage to ensure you open within the price range you are happy to, and if the price deviates from this the trade will not open.
Why is the coin/asset I want to trade not listed?
Coins and assets are listed when we can provide a reliable trading experience for them. This is determined based on the availability of a sufficient number of price sources as well as the trading volume and liquidity of the pair from the price sources. The page 'What is Gains Network - gTrade (Leveraged Trading)' further describes this.
The price hit my TP/SL/LIQ but did not execute. Why?
As there is a slight delay from when an NFT bot executes an order to the response from the DON the price may have very briefly crossed into an executable range but returned to a non-executable range by the response time (if it stayed less than 10 seconds in the zone and the chain was congested for example). In the coming 6.3 update there will be a lookback to ensure no executions are missed.
Can I use other stablecoins as collateral?
You cannot. Other stables can be easily converted to DAI on quickswap.exchange or polygon.curve.fi.
I have a lot of collateral. How do I know gTrade is safe?
All trades are on-chain, and all contracts are viewable with all their functions. The contracts and their previous versions have been audited by Certik, who have now done over 8 audits for Gains Network. gTrade has processed over 15 billion DAI of volume.
All contract upgrades are publicly announced in advance, Certik Audited, and contain time locks so that users can see the code base before they become active.
All contracts can be easily viewed on PolygonScan to confirm the functions of the platform.
All contract upgrades are publicly announced in advance, Certik Audited, and contain time locks so that users can see the code base before they become active.
All contracts can be easily viewed on PolygonScan to confirm the functions of the platform.
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