Gains Network
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Gains Network

Stock Teaser and Launch Plan | gTrade

gTrade is entering a new frontier with the main stock launch on the horizon. Our teaser launch is just the beginning!

Today marks a milestone in what we can achieve at Gains Network, and what can be achieved in DeFi as a whole. We are delighted to announce that for the first time ever, it is possible to trade the price of stocks with leverage, on-chain! Decentralized trading platforms will have to adapt to offer a wide variety of products outside of just crypto. We are proud to be the first to take this innovative leap.

The first set of stocks available on gTrade — our decentralized leveraged trading platform — is: Apple ($AAPL), Meta ($FB) and Google ($GOOGL).

This milestone marks a significant technical achievement, thanks to the unique synthetic nature of gTrade. Any pair of any asset type can be listed by just having a price feed, the right APIs, given it has enough liquidity on spot exchanges. The $GNS token acts as a synthetic against any asset listed. This means that all of the existing liquidity in the $GNS/$DAI pool, and in the $DAI vault, can effectively be used to offer leveraged trading on any pair.

We do not need to tokenize the stocks listed or build liquidity or order books for each one of them. This makes us much more (at least 100x more) capital-efficient than most centralized and decentralized leveraged trading platforms. This is how we get to offer such a compelling user experience with as little as $20 million TVL at the time of writing.

gTrade Competitive Advantages

Each order executed on gTrade benefits from a top-notch UX:

  • Aggregated spot prices (no scam wicks and reduced liquidation risk)
  • 0% funding fees (compared to often 25%+ per year cost to keep a trade open on other platforms)
  • 0% borrowing fees (compared to often 25%+ per year on other platforms)
  • 0% price impact on all orders (regardless of the position size)
  • Freedom of choosing a high leverage (up to 150x on most big caps)
  • No registration or deposit (trade with DAI directly from your wallet and receive DAI back), etc.
  • Wide variety of assets to choose from
  • Trustless and decentralized on-chain execution using custom Chainlink oracles

Road Ahead

With the teaser set of stocks out now, May 9 is the day we plan to launch the first big batch of stocks. These are exciting times at gTrade! We are able to list most major US stocks, so be prepared for more stock listings in the near future.

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