Gains Network (GNS)
Gains Network is a decentralized trading platform that specializes in synthetic derivatives and leveraged trading, operating across various blockchain networks. It prioritizes security through independent audits and bug bounty programs, ensuring a secure environment within the decentralized finance (DeFi) ecosystem.
Overview
Gains Network allows users to trade cryptocurrencies and forex with leverage, using borrowed capital to increase their trading potential. The platform is designed to foster a forward-looking decentralized finance ecosystem. Gains Network launched its initial decentralized leverage trading platform, gTrade, on the Polygon blockchain, which is noted for its unique architecture that enhances capital efficiency compared to other platforms. The network offers reward pools to enhance trading experiences, system resilience, and capital efficiency. These pools include the DAI Vault for staking DAI to earn rewards and the GNS/DAI Pool on the Polygon mainnet for staking LPs to earn GNS and dQUICK rewards. Gains Network provides five types of NFTs—Bronze Keys, Silver Keys, Golden Keys, Platinum Keys, and Diamond Keys—that act as master keys within the ecosystem.
| Ticker | GNS |
| Category | Decentralized Finance (DeFi) |
| Website | https://gains.trade/ |
| @GainsNetwork_io | |
| Telegram | GainsNetwork |
| https://www.reddit.com/r/GainsNetwork/ | |
| Contract Addresses | |
|---|---|
| polygon-pos | 0xe5...96 Copied! |
| apechain | 0xe3...8aCopied! |
| base | 0xfb...acCopied! |
| arbitrum-one | 0x18...22Copied! |
gTrade platform
Gains Network's gTrade offers a decentralized trading platform where users maintain full custody of their funds, eliminating the need for deposits or signups. It employs median spot prices to prevent market manipulation and guarantees zero slippage order execution. Users can trade crypto, forex, and commodities with high leverage, up to 150x on cryptocurrencies, 1000x on forex, and 250x on commodities, all with competitive fees. gTrade ensures transparency and decentralization with 100% on-chain trade execution, continuously improving the user experience through extensive feedback.
gTrade credits
gTrade Credits is a fee discount program introduced in April 2024 to reward traders based on their trading volume over a 30-day period. Traders earn credits with each trade, which are normalized across asset classes for fairness. These credits allow traders to unlock tiered fee discounts, up to 40% off on opening and closing fees, although they do not apply to time-based fees like borrowing fees. As traders accumulate credits, they advance to higher tiers for better discounts.
Listed tokens
The platform lists various tokens, including:
- Lista DAO
- ZKsync
- Aethir
- IO.NET
- BRETT
- Renzo Protocol
- Meson Network
- Safe
- Saga
- Parcl Protocol
- Omni Network
- Toncoin
- Pendle
- Bittensor
- Zeus Network
- Tensor
gToken vaults
gToken vaults, adhering to the ERC-4626 standard, represent shares of an underlying ERC-20 asset, such as gDAI for DAI. These vaults serve as counterparties to all platform trades, paying out winnings and collecting losses. In return, the vault earns a share of trading fees, which are distributed among gToken holders, incentivizing them to stay staked.
gDAI vault
The gDAI vault improves upon previous vault designs by addressing uneven risk distribution and aligning incentives more effectively. It uses gDAI, an ERC-20 token representing staker ownership of DAI, and follows the ERC-4626 tokenized vault standard for yield-bearing assets. This setup simplifies composability for users and developers. The exchange rate model ensures that losses and risks are distributed evenly among stakers and enables strong financial incentives during periods of high liquidity risk.
gToken
gTokens represent ownership of an underlying asset, with their exchange rate adjusting in real-time based on accumulated fees and trader PnL (profit and loss). The vault includes two components: the staked asset, representing full collateralization, and an over-collateralization (OC) layer. The OC layer acts as a buffer between traders and lenders, with profits and losses affecting this layer. The vault can be either over-collateralized or under-collateralized, with mechanisms in place to manage these states.
gNFT
gNFT is an ERC-721 token that represents ownership of locked gToken shares, purchased at a discount based on the lock-up period selected by the lender. These gTokens can be unlocked once the lock period concludes.
Epoch system
The epoch system provides open PnL data to the decentralized vault, offering insights into its collateralization ratio. It operates in two states: the Withdraw Window, where stakers can make withdrawal-related actions, and the Open PnL Window, during which the protocol requests open PnL snapshots from oracles to determine the PnL value for the next epoch.
Withdraw locks
To enhance vault security, assets are withdrawn through a request system, with the withdrawal period depending on the vault's collateralization ratio. Stakers may need to wait for 1, 2, or 3 epochs after their request, and they must submit a new request if they miss the withdrawal window.
GNS token
The GNS token ($GNS) aims to enhance liquidity efficiency, optimize resources, and provide a quality trading experience. Initially launched as the $GFARM2 token on Ethereum, it was later bridged to Polygon and split to become $GNS. It supports vault liquidity by minting rewards and maintaining asset stability, balancing gToken vaults through a minting and burning mechanism. $GNS also plays a crucial role in governing the protocol.
GNS staking
Staking $GNS tokens allows users to earn rewards generated by platform fees, paid in the native collateral of each trade. Supported collaterals include $USDC, $DAI, and $WETH. A significant portion of fees from orders is allocated to $GNS staking, with no timelock restrictions, allowing withdrawals at any time.
Partnerships
Available chains
Gains Network operates on the following blockchain networks:
- Polygon
- Arbitrum One
InsurAce
In March 2022, Gains Network partnered with InsurAce to provide insurance coverage for their $DAI Trading Vault, offering protection against potential risks within the DeFi space.
Immunefi
Gains Network partnered with Immunefi in March 2022 to launch bug bounties across their platforms, prioritizing security through proactive vulnerability identification.
QiDAO
In March 2023, QiDAO launched Gains Network's gDAI vaults on Polygon, allowing gDAI to be used as collateral for minting MAI without interest charges.
Silo Finance
In March 2023, gTrade partnered with Silo Finance to introduce a $GNS Silo, enabling users to lend, borrow, or collateralize their $GNS tokens with co-incentivization benefits.
Pendle Finance
In March 2023, Pendle Finance introduced an interest-rate product using $gDAI, offering users the ability to secure fixed yield returns.
Perpy Finance
In March 2023, Perpy integrated gTrade pairs and asset classes into their vaults, aiming to enhance trading volume and yield-earning opportunities.
Ramses
In March 2023, Ramses integrated $GNS and $gDAI into their liquidity layer on Arbitrum, focusing on enhancing liquidity depth and accessibility.