THELOGICALINDIAN - Gains Network is architectonics gTrade a cool fast and liquidityefficient decentralized leveraged trading architectonics that makes the actual best use of the Polygon blockchain
Gains Network, architect of the next-generation decentralized leveraged trading belvedere gTrade, has activated for $750K in costs from the Polygon DeFi in adjustment to hit the abutting two above milestones on its roadmap.
Gains Network has Unlocked an Initial Budget of $250K in MATIC Tokens to Help it Hit Four Key Targets aural the abutting Two Months.
Its aboriginal milestone, which was set 1 ages ago and is about already accomplished by amoebic advance only, includes comestible $30 actor in circadian trading aggregate for at atomic 10 days, and $20K best per-trade accessory as enabled by its DAI vault. Additional targets accommodate $4 actor in GNS/DAI liquidity, and $2 actor of absolute amount bound in the DAI vault, which accept already been reached.
Whilst aggressive back these targets were established, contempo accelerated advance puts gTrade already able-bodied on the way to hitting them, with a accepted boilerplate of $20 actor in circadian trading volume, and a $18K max per-trade collateral, ascent from aloof $6K afore its DAI basement amend beneath than two weeks ago. It additionally has added than $7 actor in TVL in GNS/DAI LPs and has managed to ability $1.8 actor TVL in its DAI basement alone 4 canicule afterwards its opening.
Gains Network is architectonics gTrade, a cool fast and liquidity-efficient decentralized leveraged trading architectonics that makes the actual best use of the Polygon blockchain, a agreement and framework for architectonics and abutting Ethereum-compatible blockchain networks and an ecosystem of DeFi apps with lower transaction costs and faster speeds than Ethereum.
gTrade offers big advantages for traders, including advantage on average atom prices, and the affiance of 0% allotment fees and 0% amount appulse acknowledgment to its different asset doubter constructed trading architectonics powered by the minting and afire of its built-in GNS token.
The gTrade belvedere currently offers 43 cryptocurrencies with 5 to 150-times leverage, additional 10 above Forex pairs with up to 1000-times leverage, with a absolutely on-chain architecture. Trades are absolutely accomplished through Gains Network’ on-demand Chainlink Decentralized Oracle Network at the average atom amount sourced from assorted barter sources to ensure traders accept the fairest accessible prices. gTrade additionally has the advantage of not acute clamminess for anniversary pair, as 100% of clamminess for settlements on all trading pairs is backed by the GNS/DAI basin and the DAI vault.
Gains Network believes the gTrade belvedere is now accessible to handle bags of users and hundreds of millions in volume, so now is the time to grow. Its aggressive roadmap calls for an added $500K in allotment from the Polygon DeFi to accomplish its additional milestone, which calls for $100 actor in circadian trading aggregate for at atomic 10 days, $50K max. per barter collateral, $10 actor in GNS/DAI LPs, and $5 actor staked in the DAI vault.
Gains Network said its ultimate aim is to accomplish gTrade and Polygon the primary destination for decentralized leveraged trading on the blockchain.
Sébastien, architect of Gains Network, said:
“It is a abundant amusement for us to assignment with Polygon for this trading incentives program. Gains Network’s mission with gTrade has consistently been to accord an innovative, decentralized, and fair band-aid to leveraged trading. It is now time for the apple to apprehend that Polygon is THE blockchain to barter with leverage.”
Gains Network is architectonics an avant-garde DeFi ecosystem of articles on Polygon. With its gTrade platform, it aims to accompany liquidity-efficient decentralized leveraged trading architectonics to the Polygon blockchain.
