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gTrade (Leveraged Trading)
Our decentralized leveraged trading platform is live on the Polygon (Matic) blockchain. It is deeply integrated with Chainlink and Quickswap.

The superior decentralized leveraged trading experience.

Introduction

A decentralized leveraged trading platform (up to 1000x) that doesn't borrow the leveraged funds. How is that possible?
Trades are opened with DAI which gets deposited into the vault. The trader pays the collateral with DAI and the leverage is synthetic; backed by the GNS token. This novel design allows gTrade to offer up to 150x leverage on crypto and up to 1000x on forex. When the trade gets closed, DAI from the vault is used to pay the trader back +/- PNL. The trading experience is aimed at being as seamless and intuitive as possible.

Asset prices (oracle)

Our custom chainlink architecture.
While all other leverage platforms use their own derivative prices, which often ends up in prices that do not correspond to the real price of the asset, we use our custom real-time Chainlink node operators network to get the median price from up to 7 data sources. Detailed description of how the DON works here.
This can filter out any "false" price action happening on a single exchange, whether for manipulation purposes or simply from a lack of liquidity.

More fair to traders than other platforms.

Since we aggregate our prices, this means traders are protected from liquidation scam wicks and other unfair events of this kind that happen on only 1 exchange. We are the first and only leveraged trading platform to offer this kind of protection to traders.

Trading Fees

Our fees are applied on the collateral x leverage of your trade (= position size).
We currently charge 0.06% for market orders (on opening and closing), 0.08% on limit orders for all cryptocurrencies, and 0.006%/0.008% for forex. The trading fee is applied when opening the trade and also when closing. By using a referral link, you can get a refund of 0.01% coming from the opening fee. This applies to both market and limit orders. We don't have fees for keeping the trades open (no funding fee).
Furthermore, we don't have any fees while depositing or withdrawing since you can perform your trades directly from your wallet! gTrade is fully decentralised and the user keeps custody of the funds.
There is a small spread on the price when opening a trade, which is used to regulate the winrate and make sure the platform is sustainable in the long term.
The fees are distributed to the team, the project fund (DAO), liquidity providers, referrals, and the NFT holders executing the limit orders and liquidations.

Fees breakdown (crypto)

  1. 1.
    Opening a trade
    1. 1.
      0.02% --> project fund
    2. 2.
      0.02% --> dev fund
    3. 3.
      0.02% --> referral
    4. 4.
      0.02% --> NFT bots (limit orders only)
  2. 2.
    Closing a trade
    1. 1.
      0.06% --> LPs
    2. 2.
      0.02% --> NFT bots (limit orders only)

Fees breakdown (forex)

  1. 1.
    Opening a trade
    1. 1.
      0.002% --> project fund
    2. 2.
      0.002% --> dev fund
    3. 3.
      0.002% --> referral
    4. 4.
      0.002% --> NFT bots (limit orders only)
  2. 2.
    Closing a trade
    1. 1.
      0.006% --> LPs
    2. 2.
      0.002% --> NFT bots (limit orders only)

Liquidity

Liquidity of GNS/DAI on Quickswap is vital for the correct functioning of the platform since GNS will be bought and burnt when the vault is over-collaterised and will be minted and sold when the vault is under-collaterised.
Since all trades use the GNS/DAI pool and our second DAI-only liquidity layer (trading vault), it means we have a big advantage over our competitors who have to build new liquidity in their order books everytime they list a new pair, and maintain very high liquidity on each pair. By building a big GNS/DAI pool (with trading fees incentives), every trading pair listed on our platform benefits from bigger position sizes and less slippage. This means the platform only requires GNS/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 (because of our ability to mint & burn GNS tokens to pay traders), the leverage of trades is "virtual" and the PnL is simulated with our smart contracts.

Current limitations

At the moment, you cannot win more than 900% on a trade. This limit can be raised in the future, but for the moment this is an important safe guard while we are still building our database and stats on the trading platform.
There is a limit of 3 open positions per trading pair per wallet. Again, this limit will be raised in the future as the platform grows and becomes more stable.
Last modified 21d ago