Users can deposit DAI to provide liquidity to generate income or use it for contract activities.
The time has come...
— Gains Network 🍏 (@GainsNetwork_io) December 31, 2022
gTrade is now LIVE on Arbitrum! 🎉
Go check out the stellar UX and lightning-fast execution. 🔥
And if you want to start earning fees as a counterparty to Arbitrum traders, deposit $DAI into the $gDAI Vault!
Happy trading and Happy New Year! 🍏 pic.twitter.com/WmKkfDFUlu
Gains Network describes gTrade as a "decentralized leveraged trading platform" with a "synthetic architecture" that is "liquidity-efficient, powerful, and user-friendly."
That indicates that the user never pays cash for the asset or takes out a loan to gain access to, leverage, and increase potential returns. There is excessive collateral in every trade. The asset is not generally impacted by the trading prices. Users can trade straight from their own wallets without undergoing KYC identification procedures.
In any case, gTrade makes things easier by utilizing a single liquidity pool. It provides unmatched leverage: up to 1000x on currency trades, 150x for cryptocurrencies, and 50x on equities.
Additionally, the Gains Network program offers liquidity providers a rate that ranges between 15% and 50% APY. If those earnings are from trading commissions and liquidations as opposed to liquidity mining or the Gains Network inflating the GNS utility token, it makes all the difference.
Given that the basic tenet of gTrade is the guarantee that traders will lose more money than they would make, it makes logical. The issue, which appears to be a systemic risk, is the system's reliance on that fact. It is a vulnerability, and weaknesses are susceptible to being targeted and used in previously unimaginable ways. A crucial aspect of the Gains Network's gTrade is the central DAI vault, which acts as the counterparty to trades on the network.
Stakers share in trading commissions, they have a native token called GNS, and they will eventually manage the system through decentralized governance. Users are encouraged to maintain their money in the GNS/DAI LP, DAI vault, and GNS staking pool by the #RealYield provided with them from the platform's earnings.