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What is Gains Network?
Gains Network is a Perpetual platform built and developed on Polygon and has now expanded to Arbitrum. The platform is geared towards user experience and creating liquidity for derivative assets. Thanks to its development on Polygon, the platform provides services with low fees and very fast transaction speeds.
Gains Network develops gTrade together with Polygon, MakerDAO, Chainlink and Arbitrum. GTrade directly provides leverage trading services to users with high leverage up to 150x for Crypto assets, 1000x for Forex and 50x for stocks.
Website interface: Gains Network
Products of Gains Network
gTrade
The core product of Gains Network is gTrade. To date, there are more than 44 trading pairs supported through gTrade. Users maintain full custody of their assets and trading is available for commodities, cryptocurrencies, stocks, indices and forex.
gTrade interface
When trading on gTrade, traders will mortgage DAI into the gDAI Vault to open positions with any currency pair. This operation will be integrated right into the Gains Network trade interface.
One-click trading
Gains Network supports one-click trading (1CT). After creating a 1CT wallet on the gTrade trading platform, the user will have to approve the wallet as an authorized person through the gTrade smart contract so that the wallet can perform transactions on the user’s behalf. Once this feature is launched, users will no longer need to use their wallets to confirm transactions during the transaction process. Users simply continue to make their regular trading orders, which will then be processed immediately as requested, reducing the time needed to trade.
GNS staking
Users can earn additional passive income through GNS staking. In exchange for GNS tokens, users will be rewarded through DAI generated from transaction fees. Specifically, approximately 32.5% of transaction fees collected on the platform contribute to GNS’s staking rewards.
GNS Staking Pool
Therefore, users are heavily incentivized to share the platform with friends to increase the total trading volume, which in turn increases the amount of trading fees collected and ultimately leads to them receiving more rewards.
Users can also earn a higher percentage of staking rewards by staking up to three Gains NFT in the GNS pool. The specific percentage increase is based on the level of NFT staked. For example, bronze-grade NFTs are eligible for a 2% boost and diamond-grade NFTs are eligible for a 13% boost.
gDAI Vault
Gains Network uses the gDAI vault as a conduit for trading activities. Winning traders will receive funds from gDAI Vault and losing traders their losses will be deposited into the vault. A portion of the transaction fees for these transactions are stored in the vault.
Users can stake DAI tokens in this vault to become liquidity providers to receive gDAI. By staking DAI in the gDAI vault, users will be rewarded with a portion of the transaction fees, which incentivizes them to continue staking their tokens in the vault. When a user chooses to withdraw DAI, gDAI will be burned.
GNS NFT
Since the Gains Network was called GFARM2, 1,500 NFTs have been created. These NFTs are divided into five different levels — Bronze (most common), Silver, Gold, Platinum, and Diamond (rarest).
5 levels of GNS NFTs
While all holders of these NFTs have access to exclusive benefits, the level of your NFT will determine the level of exclusivity. For example, all GNS NFT holders can get reduced trading spreads, but Diamond NFT holders will get 35% off while Bronze NFT holders will only get 15% off. One of the most exciting benefits of holding GNS NFT is that users can receive larger rewards for staking GNS.
Highlights of Gains Network
In addition to being a simple leveraged crypto exchange, Gains Network also focuses on developing other asset classes such as Forex, commodities, stocks and indices. Trading at gTrade also allows investors to use leverage up to 1000x, something very few other exchanges can offer.
Transaction fees at gTrade are also relatively reasonable, suitable for many traders who want to optimize trading costs. In addition, the Gains Network team does quite well in Marketing, helping the protocol attract a number of traders and maintain a certain trading volume on both Polygon and Arbitrum chains.
Currently, in the Leveraged Trading/Derivaties segment along with Gains Network, GMX has the leading position on Arbitrum.
GNS Tokens and Tokenomics
Gains Network
Basic information
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Token Name: Gains Network
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Ticker: GNS
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Blockchain: Polygon & Arbitrum
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Token Contract: 0xe5417af564e4bfda1c483642db72007871397896 (Polygon)
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Token Contract: 0x18c11fd286c5ec11c3b683caa813b77f5163a122 (Arbitrum)
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Token Type: Utility & Governance
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Initial Supply: 38,500,000 GNS
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Max Supply: 100,000,000 GNS
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Circulating Supply: 30,447,065 GNS
Token Use Cases
GNS Token acts as an important backbone surrounding the Gains Network with two main functions:
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Used as a tool to balance the amount of DAI in the Vault based on the collateral ratio
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Staking and farming to earn more profits from trading fees on the platform
Token Allocation
Since GNS is forked from GFARM2 at a ratio of 1:1000, GNS’s token allocation will be similar to GFARM2.
In the past, 38,500 GFARM2 were allocated through the GFARM2/ETH LP farming pool. Developers are allocated 5% and governance fund is allocated 5%. Therefore, it can be predicted that 90% of the remaining GFARM2 tokens are floating on the market.
Token Release Schedule
GNS Token is separated from GFARM2 token, which has floated on the market.
Where to buy GNS tokens
Users can purchase GNS through the following forms:
Centralized exchange (CEX): Binance, Gate, Bitget
Decentralized Exchanges (DEX): Uniswap (Polygon & Arbitrum), Trader Joe v2 (Arbitrum), QuickSwap …
Reputable GNS token storage wallet
Users can store GNS tokens at any wallet that supports Polygon and Arbitrum networks, some reputable wallets include: Metamask Wallet, Trust Wallet.
Development team
Currently, images of the members of the Gains Network team have not been published, but below are some important names:
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Seb (Founder, Full-stack dev, Strategy)
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Nathan (Full-stack dev, Project Management)
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Lunaman (Project Management, Biz dev)
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Crumb (Full-stack dev)
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Dreamersnat (Frontend dev)
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Konrad (Frontend dev)
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Drew (Backend dev)
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Uri (Full-stack dev, Research)
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Sam (Biz Dev, Partnerships & Connections)
Funding rounds, Investors and partners
Investors and capital raising rounds
Currently, Gains Network has no previous or hidden investment from any fund.
Partner
Some important partners of Gains Network that can be mentioned are Polygon and Arbitrum, two major partners that help gTrade develop on their own ecosystem. In addition, Chainlink will be an important partner in the Oracle and MarkerDAO segments using DAI as the main collateral.
gTrade Partners
Roadmap
Phase 1: Gains Network focuses on the transaction route. The team plans to continue developing the leveraged trading feature on gTrade, expanding the token swap feature and improving liquidity.
Phase 2: Is expanding the ecosystem. This is the stage where Gains Network will continue to develop and expand its products and services.
Phase 3: The Gains Network roadmap is to expand more products in the future.
Competitors in the same industry
Gain Network can be thought of as the Polygon version of GMX on Arbitrum. There are also a number of similar projects in the leveraged trading space such as DYDX, Perpetual, …
Conclude
Through the above overview article about the Gains Network project, we hope readers will grasp basic information about this project to make their own investment decisions. Wishing you a successful investment!
