Gains Network

What Gains Network?

Gains Network is actively developing gTrade, a decentralized leveraged trading platform that boasts liquidity efficiency, power, and user-friendliness. The project introduces a uniquely designed synthetic architecture, enhancing capital efficiency and enabling low trading fees. The platform supports a broad spectrum of leverages and pairs, reaching up to 150x on cryptocurrencies, 1000x on forex, and 250x on commodities.

Key Features and Components:

• Synthetic Architecture: Designed for enhanced capital efficiency.
• Low Trading Fees: Facilitated by the innovative architecture.
• Wide Range of Leverages: Up to 150x on cryptos, 1000x on forex, and 250x on commodities.

gTrade envisions a decentralized and trustless trading environment, emphasizing self-custody, permissionless access, and enhanced security. The platform guarantees execution, offers one-click trading, and ensures real-time order fulfillment. With a focus on user-friendly features like mobile optimization and confident pricing, gTrade aims to lead the frontier in the world of decentralized leveraged trading.

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Recent Video Interview

Main points of the interview:

• Seb, anonymous founder of Gains Network, discusses trust minimization in DeFi.
• G-Trade operates with decentralized leverage from its vault, not user borrowing, enhancing liquidity efficiency.
• GNS holders benefit from trading fees and liquidity provision rewards.
• GNS serves dual roles: stabilizing the vault via minting/burning and as a governance token.

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GNS Token: A Pillar of the Ecosystem

The protocol is intricately tied to the ERC20 utility token ($GNS), a token with dual purposes. It actively participates within the platform as a utility token, facilitating Single Sided Staking for platform fee rewards and undergoing burning using platform revenue. Simultaneously, $GNS serves as a means for users to own the protocol through revenue capture and governance (upcoming). The long-term vision includes the transformation of Gains Network into a DAO governed by $GNS, focusing on creating innovative DeFi products and launching ventures like a casino and metaverse.

GNS's Liquidity Efficiency and Governance:

• Supports liquidity efficiency of vaults through reward minting.
• Balances gToken vaults via a minting and burning mechanism.
• Maintains an equal playing field for early community supporters.
• Emerging as a primary governance tool.

Staking GNS

Staking $GNS tokens is incentivized through rewards generated by platform fees. This staking mechanism involves a significant portion of the fees from market orders and limit orders, providing users with opportunities to earn rewards in native collaterals like $USDC, $DAI, and $WETH.

NFTs and Governance Interaction Framework

The project phased out NFTs, consolidating them into the $GNS token. NFT redemption options offer flexibility, with rewards distributed over time or instant redemption against a penalty. Governance is facilitated through an innovative framework encompassing a Forum on Discord and Snapshot for on-chain proposals.

Team Background and Partners

During the initial year, Gains Network's founder worked solo on the project. As development and marketing efforts expanded, the team grew to efficiently pursue the long-term vision. The current team includes:

• Seb (Smart contract dev, Strategy)
• Nathan (Full-stack dev, Management)
• Crumb (Smart contract dev)
• Atlas (Product Manager)
• Dreamersnat (Frontend dev)
• Konrad (Frontend dev)
• Vlad (Smart contract dev)
• Pulkit (Smart contract dev)
• and many more

Some of Gains Network's most notable partners are: Arbitrum, Polygon, Chainlink, Maker, Mux, Pendle...

Project Development

Gains Network's gTrade platform celebrates the successful completion of a 2-week timelock, marking the official launch of its v7 multi-collateral deposits and gToken upgrade. This upgrade empowers traders with the flexibility to choose from various cryptocurrencies as collateral for their positions, enhancing the platform's versatility. With two new gToken vaults—gUSDC and gETH—depositors can now earn yield through protocol fees while staying liquid and exposed to assets like ETH and USDC.

Since its inception, gTrade has primarily utilized DAI as the non-native token across its Arbitrum and Polygon platforms. Traders employ DAI stablecoins as collateral for leveraged trades in diverse markets, contributing to the platform's impressive statistics of over 1.38 million trades, $56.4 billion in total trade volume, and $38 million in fees over 18 months. Responding to community feedback, gTrade introduces gUSDC and gETH, allowing users to choose their preferred stablecoin for yield generation.

Gains Network Price Analysis

As of November 24 2024 Gains Network has a marketcap of $11M. This is {{percentagefromath}} from its all time high of $12.48. In terms of its tokenomics, there's a total supply of 33M with 15% currently outstanding. Keep in mind Gains Network has a fully diluted value of $73M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.