What is Gains Network?
Gains Network, primarily known through its gTrade platform, is a decentralized leveraged trading protocol that enables users to trade cryptocurrencies, forex pairs, and stock indices with leverage up to 150x. Built originally on Polygon and expanded to Arbitrum, gTrade has become one of the most active perpetual DEXs by trading volume.
The protocol distinguishes itself through its synthetic trading model where traders don't actually hold the underlying assets. Instead, positions are settled in DAI (or gDAI) against the protocol's liquidity vault. This approach enables trading of any asset with a reliable price feed, including traditional markets like forex and stocks.
Gains Network was founded in 2021 with a mission to create a capital-efficient, decentralized alternative to centralized margin trading platforms. The protocol has processed over $50 billion in all-time volume and represents a bridge between traditional financial markets and DeFi.
Key Statistics
- Trading Volume: $50B+ all-time volume
- Daily Volume: $100M-500M typical
- Available Markets: 100+ trading pairs
- Leverage: Up to 150x (crypto), 1000x (forex)
- Networks: Polygon (primary), Arbitrum
- Security Audits: Multiple comprehensive audits
How gTrade Trading Works
Synthetic trading model opens positions in DAI margin with oracle providing asset price, no actual asset exchanged, PnL calculated on price difference, and settlement in DAI. The gDAI vault acts as counterparty, earning when traders lose and paying when traders win with GNS rewards incentives.
Trading parameters include crypto up to 150x leverage, forex up to 1000x, stocks up to 100x, with minimum collateral of $5 making it highly accessible.
Key Features
Multi-asset trading beyond crypto includes forex major and minor pairs, stocks (Apple, Tesla, indices), and commodities (Gold, Silver, Oil). Guaranteed stop-loss for 0.5% premium provides guaranteed execution not just triggered. NFT boost system offers reduced spread, lower fees, and higher position limits. Referral program provides 25% of referred traders' fees.
Yield Opportunities
Provide liquidity to gDAI vault (10-30% APY) varying based on trader performance. Stake GNS tokens (5-15% APY) for platform fee share paid in DAI. Fensory tracks gDAI vault performance and compares with other perp DEX yields.
Fee Structure
| Market | Opening/Closing | Rollover | GSL |
|---|---|---|---|
| . . . . | . . . . . . . . - | . . . . . | . . - |
| Crypto | 0.08% | 0.04%/day | 0.5% |
| Forex | 0.008% | 0.01%/day | 0.5% |
| Stocks | 0.08% | 0.02%/day | 0.5% |
Risk Considerations
Extreme leverage risk where 150x means 0.67% move equals liquidation with most leveraged traders losing money. Vault performance risk if traders win big with historical ~85% of traders losing. Oracle manipulation risk with Chainlink oracles and emergency mechanisms. Synthetic asset risk with protocol as counterparty and insurance fund limits. Regulatory risk for trading stocks/forex on DeFi with uncertain status.
This content is educational and not financial advice. Extreme leverage trading is highly risky.. -
Track leveraged trading yields? Fensory monitors gTrade and competing protocols.[Get Started with Fensory](https://www.fensory.com)