What Is Gains Network?
Gains Network is an innovative synthetic derivatives platform operating on the Polygon and Arbitrum blockchains.
Background
An anonymous founder, Seb, released Gains Network in 2021.
How It Works
The core offering of Gains Network is gTrade, an oracle-based perpetual futures exchange. It allows users to trade various asset classes, including cryptocurrencies, stocks, forex, indices, and commodities. The trading leverage ranges from 2x to 1,000x, depending on the asset class.
Gains Network houses a gDAI vault, which is the counterparty for all trading actions—depositors of the gDAI vault benefit from trading and liquidation fees. If the gDAI vault is undercollateralized, the GNS governance token serves as a safety net. Additionally, a portion of the losses traders incur is used for the buyback and burn of GNS tokens.
Key Takeaways
- Gains Network is a synthetic derivatives platform operating on the Polygon and Arbitrum blockchains.
- It was released in 2021 by an anonymous founder named Seb.
- The core offering of Gains Network is gTrade, a perpetual futures exchange that supports a variety of asset classes.
- Gains Network also features a gDAI vault, which is the counterparty for all trading actions.
- The GNS governance token is a safety net if the gDAI vault is undercollateralized.
