If you haven’t already looked into $GNS and gTrade, now is the time.
With the 2.25M $ARB from the Arbitrum STIP-B campaign, gTrade v9 is a game-changer.
A thread on one of the most underrated Perp DEX 🧵
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For those unfamiliar, gTrade is a decentralized leveraged trading platform developed by @GainsNetwork_io
The platform offers a seamless user experience and a wide range of synthetic assets, including crypto, forex, and stocks, with leverage options up to 1000x.
Utilizing @chainlink, gTrade powers leverage trading and pioneers a hybrid infrastructure that combines Chainlink Price Feeds with its custom-built Decentralized Oracle Network (DON).
This innovation enables the platform to deliver real-time, aggregated prices across its range of trading products.
gTrade has been operating on @Arbitrum and @0xPolygon and is currently one of the top perp DEXs in terms of volume
It has gained significant traction through its continuous innovations and a focus on user-centric improvements
In the last week alone, gTrade had a total trading volume surpassing $900M and this has only seen steady growth.
So, what exactly makes gTrade stand out from other DEXs?
Zero Price Impact on BTC: Ensures 0% price impact, making it ideal for large trades and scalpers.
This is better than what all of their competitors have to offer.
Advanced Trade Management: Scale into positions (TWAP), partially take profits, with dynamic position size adjustment.
Traders can also deposit or withdraw collateral from open positions, giving them more control over leverage and risk exposure.
Smart Contract Trading: Trade without gTrade’s front-end, integrates with SocialFi platforms and hedge funds.
High Leverage Options: Up to 150x for crypto, 250x for commodities, and 1000x for forex.
gTrade Credits: Introduced in April, gTrade Credits allow you to save on trading fees, and VIP traders can enjoy a 40% discount.
Upcoming tease: And with v9.2 coming up later this week, the trading experience for longer tail assets is expected to be improved significantly as well 👀
It doesn’t stop there. Recently gTrade went ahead and announced their BB&D v9.1 launch.
In other words, a way to enhance $GNS tokenomics with a new buyback and distribute mechanism.
This mechanism uses 62.5% of all fees to buy back $GNS, ensuring more value retention within the ecosystem and generating positive price action for higher token prices.
Additionally, the launch of their Arbitrum STIP-B campaign introduces a 13-week incentive program.
This program distributes 2.25M $ARB tokens to traders and LPs, running from June 28th to mid-September, and is expected to significantly boost platform volume.
They’re currently on the 7th epoch of the campaign where over 186K $ARB will be distributed.
