v9.4: New innovations, returning classics

Gains Network
Gains Network
Published in
3 min readOct 10, 2024

gTrade v9.4 is officially in timelock and will be live this Friday, October 11th 2024

gTrade has consistently led the way in delivering a premier on-chain perpetual futures trading experience. With over 200 pairs, the widest leverage options in DeFi and the most accurate pricing, it’s already the go-to platform for traders seeking precision and transparency.

Now, gTrade v9.4 introduces key improvements that allow for the removal of spreads on majors (BTC and ETH), reducing trading fees, broadening the leverage options, and more.

0% Price Impact for $BTC and $ETH

One of the standout features in this release is the return of 0% price impact on BTC and ETH, which was a game-changer for traders moving large positions. This update ensures that every trade — no matter the size -can be opened at true market price, offering precise and cost-effective execution.

For $ETH trades closed within 10 minutes, a dynamic spread will apply, identical to other markets, to maintain market balance and guard the protocol against manipulation. However, if you hold your position for longer than 10 minutes, you’ll benefit from zero price impact on close as well, making gTrade the most attractive platform for high-frequency traders and long-term holders alike.

For $BTC trades, 0% price impact will be maintained even within the 10 minute window.

But that’s not all. gTrade has introduced the ability to whitelist certain traders, exempting them from the protection factor that would otherwise apply in the first 10 minutes. This allows select users, particularly organic whale traders, to enjoy 0% price impact on any timeframe.

Less Fees, More Savings

Base fees for crypto pairs have been reduced from 0.08% to 0.06%. This significant fee reduction supports traders’ profitability, further cementing gTrade as the most cost-effective decentralized exchange for perpetuals.

With competitive fees for all pairs and the reintroduction of 0% price impact for major pairs (BTC and ETH), gTrade continues to position itself as the go-to platform for serious traders.

Expanded Leverage Options

With up to 150x leverage for crypto pairs, gTrade takes pride in offering the most extensive leverage options in the PerpDEX vertical. With the v9.4, gTrade is enhancing flexibility even more by lowering the minimum leverage to 1.1x.

This allows traders to scale their positions with more precision, catering to those who prefer more conservative, lower-risk trading strategies alongside those who want to push the limits of high-leverage trading.

gTrade Credits Whitelist

Loyalty pays off on gTrade, and with gTrade Credits, the protocol allows active traders to enjoy fee discounts as they trade more. Now, v9.4 introduces the ability to whitelist addresses, automatically placing traders into any tier of the gTrade Credits system based on past activity or other factors.

This means select traders can be whitelisted for exclusive perks, including higher-tier fee reductions or even exemption from protection factors that may apply to other users. It’s a true white-glove experience, making gTrade Credits more dynamic and rewarding.

Interested in being whitelisted? Apply here: https://forms.gle/6Zkv1JDc4BzZnfDLA

And more…

gTrade v9.4 isn’t just about new features — it’s about improving performance and scalability under the hood, too. Here are some of the key optimizations included in this update:

  • Gas Optimizations: Trades getters have been overhauled for major gas savings. This ensures smoother interactions and reduces the likelihood of gas-limit reverts, particularly for larger trades.
  • Event Enhancements: More detailed events are now emitted, including oracle prices vs. spread prices, and liquidation prices, offering greater transparency to traders.
  • Simplified Fee Refactor: The fee structure has been made fully symmetric on both open and close, ensuring more intuitive and fair fee distribution. Now, liquidation distribution percentages match those of opening and closing positions.

gTrade v9.4 is another massive leap forward for gTrade, making it easier than ever to trade with precision, flexibility, and lower costs. Whether you’re a whale moving large positions or a smaller trader looking to maximize profits, these new features offer the perfect balance of scalability and user experience.

With 0% price impact for BTC and ETH, lower fees, greater leverage flexibility, and the introduction of gTrade Credits whitelists, gTrade is welcoming you to experience true on-chain leveraged trading.

Trade now: https://gains.trade/?utm_source=medium&utm_campaign=v94&utm_content=launch

If you have any questions or feedback about gTrade v9.4, don’t hesitate to reach out to the team. Happy trading!

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Telegram: https://t.me/GainsNetwork

Twitter: https://twitter.com/GainsNetwork_io

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