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    NEAR - Gains Network

    The NEAR/USD pair recently launched on gTrade, a leveraged trading platform on the Gains Network protocol. In this dashboard, we analyze the NEAR/USD pair on the Gains Network protocol.

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    🟢 Gains Network Protocol


    The NEAR/USD pair recently launched on gTrade, a leveraged trading platform on the Gains Network protocol . So let's examine this NEAR/USD on gTrade


    What is Gains Network? 🔗 Source

    Gains Network is developing gTrade, a liquidity-efficient, powerful, and user-friendly decentralized leveraged trading platform.
    Gains uniquely designed synthetic architecture makes gTrade more capital efficient than any existing platform, allows for low trading fees, and a wide range of leverages and pairs: up to 150x on cryptos, 1000x on forex, 100x on stocks, and 35x on indices.

    The protocol revolves around the ecosystem's ERC20 utility token (GNS) and ERC721 utility token (NFTs). GNS and the NFTs are designed to be actively used within the platform (utility) and to allow ownership of the protocol through revenue capture & governance (soon). It includes GNS holders receiving platform fees through Single Sided Staking, burning of GNS using platform revenue, NFT holders getting reduced spread and boosted rewards, as well as NFT bots executing limit orders and liquidations.

    Long-term vision

  1. gTrade becomes the most adopted decentralized leveraged trading platform.
  2. Gains Network becomes a DAO governed by the $GNS token (or a derivative like $veGNS).
  3. Its only goal is to create great DeFi products that bring revenue that can be distributed in a $GNS staking pool.
  4. Development scales horizontally, any team can create governance proposals to receive funding from the governance and create cutting-edge products that bring revenue to $GNS holders.
  5. Gains Network launches new products like its own casino and metaverse.
    6.

    What is gTrade? 🔗 Source

    Learn everything about gTrade, the liquidity-efficient decentralized leveraged trading platform.

    Trading experience:

  6. Full custody of your funds: no deposit or signup
  7. Median spot prices: no scam-wicks
  8. Crypto, forex, stocks, indices, and commodities available
  9. High leverages available: up to 150x on cryptos, 1000x on forex, 100x on stocks, 35x on indices, 250x on commodities
  10. Competitive fees
  11. Transparent: decentralized: 100% on-chain execution of trades
  12. Top-notch user experience: interface evolved with more than 2 year of users feedback

    13. Trading engine:

  13. No order books or liquidity for each pair: single gDAI vault for all trading pairs listed and 100x+ more capital efficient.
  14. Synthetic leverage (not borrowed): up to 100x+ more capital efficient (depending on leverage used).
  15. Real-time custom Chainlink decentralized oracle network (DON): real-time spot prices on-demand, on-chain and first oracle network of this kind on mainnet ever.

    16. How does it Work?

    Trades are opened with DAI collateral, regardless of the trading pair. The leverage is synthetic and backed by the DAI vault, and the GNS token. DAI is taken from the vault to pay the traders PNL (if positive) or receives DAI from trades their PnL was negative.

    Powered by Chainlink

    While all derivatives platforms generate their own prices through order books or similar models, which often ends up in prices that do not correspond to the real spot price of the asset, we use a custom real-time Chainlink node operators network to get the median price for each trading order. A detailed explanation of how the DON (decentralized oracle network) works is available here.

    Most Fair

    The DON effectively filters out any outlier price action happening on a single exchange, whether done through manipulation purposes or simply from a lack of liquidity, allowing traders to rest at ease since they don't be liquidated because of a scam wick, for example. It is worth noting that these are your trades. We cannot open, close, or edit any aspect of your open trades unless you have approved the smart contract to allow this by setting a stop loss or take profit, or if you are in a position which necessitates liquidation. Please note that there is a function available to governance to pause the opening of new trades which is used when a contract is upgraded - but this would not close any traders open positions, all traders still retain control on closing their trades. Finally, the trading engine is fully decentralized and users keep custody of the funds. We do not require any sign up or deposit to start trading.