gTrade is Integrating Chainlink’s CCIP & Data Streams to Bring you the Best in On-Chain Leveraged Trading

Gains Network
Gains Network
Published in
4 min readJan 18, 2024

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Gains Network’s gTrade protocol is a decentralized on-chain leveraged perpetuals platform operating on the Arbitrum and Polygon blockchains. gTrade supports the trading of 134 pairs across crypto, forex, and commodities markets and provides users with industry-leading features such as guaranteed order execution and one-click trading (1CT).

Over the years, Gains Network has established an ongoing collaboration with Chainlink — DeFi’s leading Oracle network. Chainlink’s infrastructure plays a large behind-the-scenes role in gTrade’s custom Decentralized Oracle Network (DON), used for price validation.

As part of Gains Network’s long-term cross-chain roadmap and to further optimize gTrade’s data accuracy and cross-chain interoperability, gTrade plans to integrate Chainlink’s Data Streams and Cross-Chain Interoperability Protocol (CCIP) into its trading platform.

Enhancing Market Data with Chainlink Data Streams

Chainlink Data Streams is a next-generation solution providing rapid, decentralized market data. Data Streams are designed to deliver high-frequency, real-time data using a decentralized and transparent infrastructure.

Data Streams will be used by gTrade to secure trade execution, conditional orders, and liquidations. Multiple Chainlink nodes fetch median prices from various exchanges, ensuring timely and accurate market information.

Key Features and Benefits of Data Streams:

  • Sub-Second Price Resolutions: Fast data delivery ensures efficient trade execution, which is crucial for gTrade’s leveraged trading environment.
  • Frontrunning Protection: The conflict-of-interest-free data sources and unique architecture protect gTrade users from price manipulation.
  • Decentralized On-Chain Execution: Integrating Chainlink Automation facilitates immediate and decentralized settlement processes, enhancing the security and fairness of trades on gTrade.
  • Time-Tested Infrastructure: Chainlink has a proven track record in securing large-scale on-chain transactions.

By incorporating these features, gTrade is set to significantly improve its reliability and decentralization. Additionally, this integration unlocks the potential for broader future integrations as determined by gTrade and its evolving needs.

Supporting Cross-Chain Governance and Staking with Chainlink’s CCIP

With cross-chain functionality a large part of gTrade’s long-term roadmap, plans have been made to utilize Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to facilitate cross-chain staking and gToken vaults.

CCIP offers unparalleled security and reliability standards in web3. It is backed by the Risk Management Network, which monitors cross-chain operations to prevent suspicious activities, addressing concerns of past security breaches in the industry.

Key Features and Benefits of CCIP:

  • Time-Tested Security and Reliability: Powered by Chainlink’s DON, CCIP brings a proven security track record, having secured vast sums for smart contracts.
  • Seamless Integration: CCIP simplifies the development process with a unified, easy-to-use interface. Developers only need to integrate the CCIP Router on-chain to build secure cross-chain applications.
  • Scalable architecture: CCIP eliminates the need for developers to write custom code for chain-specific integrations, while users can interact with any blockchain via a single interface.
  • Future-proof: CCIP’s design is adaptable, supporting ongoing updates and new functionalities, ensuring long-term viability.

Wrapping Up

Gains Network plans to integrate Chainlink’s Data Streams and CCIP to enhance the gTrade platform and provide traders with increased security, scalability, and cross-chain functionality.

Seb, Founder of Gains Network: “gTrade is excited to integrate the industry-standard Chainlink Data Streams and CCIP to unlock next-gen DeFi performance while remaining decentralized end to end. Data Streams will secure real-time on-chain trades and CCIP will help enable safe cross-chain staking and governance.”

Stay tuned; 2024 is set to be an exciting year for gTrade and Chainlink!

About Chainlink

Chainlink is the industry-standard decentralized computing platform powering the verifiable web.

The protocol has enabled over $9 trillion in transaction value by providing financial institutions, startups, and developers worldwide access to real-world data, off-chain computation, and secure cross-chain interoperability across any blockchain.

Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.

Learn more by visiting chain.link or reading the developer documentation at docs.chain.link.

About Gains Network

gTrade, built by Gains Network, is a decentralized leveraged perpetuals platform operating on the Arbitrum and Polygon blockchains. It supports the trading of 134 pairs across crypto, forex, and commodities markets.

gTrade has developed industry-leading features, including guaranteed order execution, one-click trading (1CT), and international support. Since its launch, the protocol has facilitated over 1.39 million trades and $56.5 billion in total trade volume.

In addition to its trading functionality, gTrade has two native tokens, GNS and gDAI. GNS can be staked to earn a percentage of protocol revenue. gDAI is a liquid, yield-bearing DAI receipt token received after depositing DAI into the protocol’s liquidity vault.

Learn more by visiting gains.trade or reading documentation at gains-network.gitbook.io.

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