Gains Network — Decentralized Crypto, Stocks, Forex, Indices Trading Platform

MEGA article on @GainsNetwork_io which is like @GMX_IO but on steroids,trade crypto, stocks, forex, indices and commodities on leverage ALL ON CHAIN

— what it offers

— pairs

— fair pricing

— nfts

— $GNS token

— revenue sharing

— stats

gains is an on chain perp trading platform that offers variety of assets such as crypto, forex, stocks, indices, and commodities with up to 1000x leverage

— revenue share to token holders that can be boosted with nfts, uses high tech trading engine to provide fair prices

they currently offer 110 trading pairs;

— 40+ crypto with leverage between 2x to 150x

• 15 pairs of forex trading on week days with 10x to 1000x
• 20+ stocks trading on week days with 3x to 50x
• 4 indices with 2x to 35x
• gold & silver for 2x to 250x

they have a very competitive fee structure and way cheaper than gmx fees

-offer competitive spread, fixed spread and dynamic spread

• rollover for traditional markets fees range from 0.02% to 0.16% the fees and funding rates vary from asset to asset so best to check out docs

they offer an nft collection which when staked earns you an additional protocol revenues alongside with lowered fees and reduced spread i won’t go into much detail about them but here is the breakdown

juicy part $GNS token

• it can be staked to earn protocol revenue
• it is deflationary organically thru trading on the platform
• $GNS gets burnt when DAI vault is over collateralized
• acts as a backstop liquidity pool for trader’s PnL now gDAI vault

dai vault

• it is the liquidity pool to cover trader’s PnL
• you stake DAI and get back gDAI which earns yield thru trading fees
• works within a short epoch system onto revenue sharing

Just like $GLP on $GMX, $GNS shares protocol fees to incentivize users to provide liquidity collected fees go to;

• GNS stakers
• gDAI vault
• % of fees vary depending on asset and order type but they are pretty substantial in terms of %

stats

• the reason their stats aren’t as high as one would expect from such a well built product is that they do have a max open interest on all the assets
• this is due to needing to strap more liquidity and to protect backstop liquidity providers

now stats for real

stats

• for having approx 1mil open interest limit per asset their fees generated are pretty promising
• once the limit is lifted which when i asked the team said soon, I suspect the fees and volume to go up quite a bit

see stats in detail

recap

• it is truly a decentralized trader’s paradise
• all the assets you may wanna trade
• decent leverage and all on chain so full custody of funds
• 2 years of track record
• responsive team and very well written docs
• I am baffled how it hasn’t taken over gmx

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