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Overview
Learn everything about gTrade, our liquidity-efficient decentralized leveraged trading platform.
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Summary

Trading experience:

  1. 1.
    Full custody of your funds -> no deposit or signup
  2. 2.
    High liquidity & low price impacts -> 0% impact on forex
  3. 3.
    Median spot prices -> no scam-wicks
  4. 4.
    Cryptos, forex, stocks available -> soon commodities and indices too
  5. 5.
    Highest leverages available -> up to 150x on cryptos, 1000x on forex, and 100x on stocks
  6. 6.
    Competitive fees -> exactly 0.08% on every order
  7. 7.
    Transparent & decentralized -> 100% on-chain execution of trades
  8. 8.
    Top-notch user experience -> interface evolved with more than 1 year of users feedback

Trading engine:

  1. 1.
    No order books or liquidity for each pair -> single GNS/DAI pool and DAI vault for all trading pairs listed. -> 50x+ more capital efficient (depending on number of pairs listed).
  2. 2.
    Synthetic leverage (not borrowed) -> 100x+ more capital efficient (depending on leverage used).
  3. 3.
    Real-time custom Chainlink decentralized oracle network (DON) -> real-time spot prices on-demand, on-chain. -> first oracle network of this kind on mainnet ever.

How does it work?

Trades are opened with DAI collateral, regardless of the trading pair. The leverage is synthetic and backed by the DAI vault, the GNS/DAI liquidity, and the GNS token. DAI is taken from the vault to pay the traders PNL (if positive) or receives DAI from trades their PnL was negative.
While all derivatives platforms generate their own prices through order books or similar models, which often ends up in prices that do not correspond to the real spot price of the asset, we use our custom real-time Chainlink node operators network to get the median price for each trading order.
A detailed explanation of how the DON (decentralized oracle network) works is available here.

Most fair

Our DON effectively filters out any outlier price action happening on a single exchange, whether done through manipulation purposes or simply from a lack of liquidity, allowing traders to rest at ease since they don't be liquidated because of a scam wick, for example.
It is worth noting that these are your trades. We cannot open, close, or edit any aspect of your open trades unless you have approved the smart contract to allow this by setting a stop loss or take profit, or if you are in a position which necessitates liquidation.
Please note that there is a function available to governance to pause the opening of new trades which is used when a contract is upgraded - but this would not close any traders open positions, all traders still retain control on closing their trades.
Finally, the trading engine is fully decentralized and users keep custody of the funds. We do not require any sign up or deposit to start trading.

Concrete example

As the gTrade architecture uses multiple price sources for every pair, the ETH/USD price only dipped down to 2980.32 on a specific volatile movement.
Lets take a look at the price action on one of the best known centralized exchanges.
2977.62 was the bottom. This means one of your trades could have been liquidated on this exchange because it would have reached below your liquidation threshold, and your trade would not have remained open to later see profit.
The price difference between our Chainlink DON and the centralized exchange price is 0.09% in this case, which represents 13.5% PnL on 150x leverage. This example is an average one, as it often happens multiple times a week, and it is clearly enough to make a trading strategy unprofitable. There is also generally a bigger one once a month with sometimes 1% or more of difference compared to our fair median feed.
Not only that - but if you look at the liquidity, selling your position would've taken the price down further, which would have contributed to the so-called "scam wick" on this exchange.

Exceptional user experience

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Due to the high liquidity efficiency of using a single liquidity pool and DAI vault for all orders executed on all pairs listed, we are able to offer the widest trading pairs and leverages offering.
We have also been improving the interface and listening to users feedback for more than one year now.

Low trading fees

Our fees are applied on the collateral x leverage of your trade (= position size), just like on any leveraged trading platform.
We currently charge 0.08% of leveraged value on opening and closing, for all cryptocurrencies, and 0.008% for forex. The trading fee is applied when opening the trade and also when closing.
There is also the spread on the price of each pair when opening a trade (exact percentage visible in the trading panel on the right), which is used to prevent high-frequency bots to exploit very small price movements.
The price impact depends on the position size of your trade, and on the liquidity of the pair on spot exchanges. It is used to prevent manipulating the spot price of assets listed on the platform in a profitable manner.
Finally, we charge funding fees (on the position size) and rollover fees (on the collateral) to manage the risk of our DAI vault, depending on the net exposure of a pair, and depending on its volatility. To see their exact value, please go to the trading website and click on the pair.
You can read more about our fees in this article and here.
The fees are distributed to the team, project fund, liquidity providers & GNS staking, affiliates, and to the NFT holders executing the limit orders and liquidations in a decentralized manner.
Please refer to Fee Structure & Example for more in depth information.

Liquidity efficiency

Since all trades use DAI liquidity layer (trading vault), we have a big advantage over other platforms who have to build new liquidity in their order books every time they list a new pair, and maintain high liquidity on each pair.
By building a big DAI vault (with trading fees incentives), every trading pair listed on our platform benefits from bigger position sizes. This means the platform only requires DAI liquidity for ALL pairs that can be traded on the platform.
This is only possible because our architecture doesn't match buying/selling orders using an order book, and because the leverage of trades is "virtual". The PnL is calculated in our smart contracts and settled against the DAI vault.

Current limitations

  1. 1.
    Limit of 3 open trades per trading pair per wallet. -> will be removed in the near future
  2. 2.
    Maximum collateral per trade of 75,000 DAI. -> scales linearly with the TVL of the DAI vault
  3. 3.
    Maximum open interest (long/short) per pair. -> risk management for liquidity providers.
  4. 4.
    Maximum open collateral (long/short) per asset class. -> risk management for liquidity providers
  5. 5.
    Winning percentage on each trade collateral capped at 900%. -> can be raised on the future depending on trading stats -> risk management for liquidity providers
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Summary
Trading experience:
Trading engine:
How does it work?
Powered by Chainlink
Most fair
Concrete example
Exceptional user experience
Low trading fees
Liquidity efficiency
Current limitations