Gains Network (GNS) is a DeFi ecosystem on Polygon. gTrade is the first product offered by Gains Network. gTrade is a crypto derivatives platform on Polygon that offers leveraged trading based on the prices of real-world stocks.
gTrade is a synthetic leveraged trading platform. Unlike a typical trading platform, assets offered on the platform are traded synthetically without needing to borrow the actual underlying assets. This removes the need for order books or liquidity pools for each pair, increases capital efficiency, and sidesteps issues like slippage, price impact, and impermanent loss.
The whole 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. For example, the whole trading architecture relies on GNS backing the $DAI vault through minting and burning, and the bots executing limit orders and liquidations are powered by the NFTs.
Kindly noted that on October 27 2021, $GFARM2 token has migrating to $GNS token, with 1:1000 token split. $GFARMS holders would receive 1000 $GNS for every $GFARM2 migration. Rad more at GFARM2 migration announcement.
Gains Network is currently led by its anonymous founder, Seb. The other members in the team are:
- Nathan (Full-stack dev, Management)
- Crumb (Full-stack dev)
- Dreamersnat (Frontend dev)
- Konrad (Frontend dev)
- Drew (Backend dev)
- Uri (Full-stack dev, Research)
- Sam (Biz Dev, Partnerships & Connections)
- Lunaman (Biz dev)
- Ross & Kenji (Social medias)
- Jim (Designer)
- Alex (Research)
Launched in January 2021, Gains Network has seen incredible growth in only a short amount of time. Even in a short amount of time, the Gains Network team has made vast improvements to the project, developing their website and expanding their DeFi ecosystem.
As a decentralized leverage trading platform, Gains Network allows users to predict if the price of an asset will rise or fall, correct predictions leading to profits. These profits are further accelerated as Gains Network offers high leverage without funding fees – as leverage isn’t directly borrowed, traders’ profits are their own. However, as with any leveraged trading, losses are also amplified.
Gains Network provides a more comprehensive experience when compared with similar businesses. On top of this, Gains Network offers 47 pairs, all of which share the same liquidity in GNS/DAI. As the platform uses Chainlink price feeds, live prices are always used, ensuring that users always keep custody of their funds.
Additionally, instead of trading with perpetuals, gTrade instead takes the medium value from different exchanges, providing a more accurate spot price of the asset. This additional accuracy liberates users from a constrained, brokered trading experience.
