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Gains Network

gTrade June 2022 Recap

gTrade has come much closer to realizing its vision this June with the launch of v6.1 along with other milestones and achievements for the month.

V6.1 Launch

You can learn more about the endgame of our trading model from this article by Séb, the Founder:

You can find more information about gTrade v6.1 methodology here:

In essence you will learn that v6.1 resulted in:

  • Short-term trades paying fewer fees than before (collateral + PnL closing fee reduced from 1% to 0.5%)
  • Strategic new fees for trades deemed riskier (rollover, funding)
  • Price impact added on cryptos and stocks (additional oracle manipulation security)
  • Relisting of most delisted pairs (18 crypto pairs — DOGE, AAVE, BAT, COMP, OMG, SNX, YFI, CRV, DASH, MKR, THETA, TRX, ZRX, XMR, ENJ, FTM, APE, SHIB)
  • Minimum leverage lowered from 10x to 4x on cryptos, and from 30x to 10x on forex
  • Max collateral per trade raised from 30k to 75k DAI
  • Base spreads more than halved on many pairs
  • Increased max open interest limits significantly on all pairs
  • Funding fee farming

Other Developments

June Revenue Stats

Polygon June dApp of the Month

Live on TokenTerminal

Community Requested Pairs & Considerations

  • Crude Oil WTI
  • S&P
  • NASDAQ
  • Dow Jones
  • Yuan
  • Ruble
  • Gold
  • Silver
  • DXY
  • VIX
  • Wheat

Social Features Feedback

  • Sharing any trades at any time in history
  • Copy trading
  • More trading competitions
  • Feedback / idea aggregator w/ social functions
  • Public win-streaks w/ rewards

Back to Fundamentals Article

Miscellaneous Achievements

  • Our Trading Vault became the second largest DAI holding on Polygon:
  • Our liquidation bots account for 99.7% of Chainlink’s direct requests (431,000+) in the last 30 days at the time of the Tweet:
  • We reached a milestone of 5000 unique traders!

Scaling the Team

Conclusion

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