High leverage, deep liquidity and innovative tokenomics to define DeFi standards
Gains Network enhances the DeFi trading landscape with gTrade, a decentralized perpetual futures platform offering high leverage, deep liquidity and zero price impact on BTC and ETH pairs.
High leverage and deep liquidity are key pillars of the crypto trading landscape , helping most traders shape strategies. High leverage allows traders to amplify their positions with borrowed funds, enabling high-risk, high-reward scenarios for crypto users.
However, efficient leverage strategies require platforms to provide solid liquidity — an ample supply of assets to ensure trades can be executed quickly without causing significant price fluctuations. Deep liquidity is essential for minimizing slippage, the difference between the expected price of a trade and the actual price.
Innovations like zero price impact on major trading pairs such as Bitcoin ( BTC ) and Ether ( ETH ) are addressing this issue head-on. Zero price impact means traders can execute large orders without affecting the asset’s market price, thereby preserving their potential profits.
The platforms that successfully integrate these innovations set new standards in decentralized finance (DeFi) trading. Gains Network stands out as a primary example that emphasizes high leverage and deep liquidity.
The landing page of gTrade. Source: gTrade
Gains Network operates gTrade , a decentralized platform for perpetual futures trading, boasting a robust infrastructure that supports over 190 trading pairs. Operating on Arbitrum and Polygon, it offers leverage options up to 150x for cryptocurrencies and 250x for commodities and 1000x for forex. gTrade also promises guaranteed order execution and precise pricing .
Enhanced user experience and new trading features
The recent rollouts of gTrade v9 and v9.1 mark substantial enhancements to the trading experience for users. These updates brought a suite of new features to give traders greater control and flexibility in managing their positions.
gTrade users can utilize one-click trading, eliminating wallet interactions and reducing trade execution time. Source: gTrade
gTrade v9 came with dynamic position size adjustments, allowing traders to increase or decrease their position size on open trades without the need to close and reopen positions. This feature, available for market orders, leverages gTrade’s guaranteed order execution to ensure traders receive the expected price. It helps traders amplify potential gains when the market moves in their favor or lock in partial profits and reduce exposure in uncertain conditions.
In addition, v9 introduced flexible collateral management, enabling traders to deposit or withdraw collateral from open positions. This functionality allows traders to manage leverage and risk exposure more effectively, reducing liquidation risks or freeing up capital for other trading opportunities.
Big Wins for gTraders! 🎉
— gTrade | Gains Network 🍏 (@GainsNetwork_io) March 21, 2024
gTrade is elevating the efficiency of every trade you make with thanks to EIP-4844 and the recent ArbOS Atlas update
🍏 66% CUT in minimum position size - reduced across the board 💵
🍏 REDUCED gas costs - Every trade is now more cost-effective 🎯… pic.twitter.com/91jl4zPOIq
The removal of the minimum position size after EIP-4844 further enhanced flexibility, allowing traders to place smaller trades than before.
Revamped tokenomics for long-term growth
A cornerstone of the recent updates is the Buyback and Distribute (BBD) mechanism, a strategic move to refine Gains Network’s tokenomics model. The mechanism is designed to enhance long-term value creation and retention within the ecosystem.
Under the BBD model, staking rewards are distributed in Gains Network’s native GNS tokens instead of underlying collaterals like Dai ( DAI ) and USD Coin ( USDC ). This shift retains value within the Gains Network ecosystem, aligning stakeholder interests more closely with the protocol’s success.
Additionally, a new over-the-counter exchange mechanism facilitates the exchange of collateral for GNS, setting a soft price floor and creating consistent buy pressure in the market. According to projections from gTrade, this mechanism could lead to the purchase of nearly 4 million GNS tokens over the course of 2024. The steady demand is expected to positively influence the token’s market dynamics, especially during downturns, by providing reliable arbitrage opportunities and helping maintain price stability.
Source: Dune
Since the introduction of the revamped tokenomics, the Gains Network protocol has bought back and distributed 363,968 GNS tokens over the course of 28 days.
Eliminating hidden costs with zero price impact
Among the standout features of gTrade is the zero price impact on BTC and ETH trading pairs. For example, a $2 million long position in BTC at a market price of $70,000 would be executed at the same price on gTrade, unlike other platforms where slippage and spreads increase the effective entry price. This feature significantly enhances trader profitability by preserving potential profits that would otherwise be eroded by hidden costs.
gTrade in numbers. Source: Dune
Gains Network envisions a future where decentralized perpetual trading is seamless, secure and highly efficient, enabling users to fully realize their trading potential. Through gTrade, they aim to continuously set new industry standards by innovating and enhancing platform performance and user experience to cater to the evolving needs of the crypto community.
Such advancements benefit individual traders and potentially drive broader industry adoption, elevating expectations for trading efficiency and user satisfaction across the DeFi landscape .
Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain in this sponsored article, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
DRIFTUSDT to be launched for futures trading and trading bots
Bitget will launch DRIFTUSDT for futures trading with a maximum leverage of 75, along with support for futures trading bots, on November 9, 2024 (UTC+8). Try futures trading on our official website (www.bitget.com) or the Bitget app today. DRIFT USDT-M perpetual futures: Parameter Details Listing t
UNI breaks through $9