Arbitrum Now Live: Leverage Trading Protocol, gTrade
Key Points:Gains Network introduced gTrade on Arbitrum, a decentralized, synthetic leverage trading protocol that allows for equities, foreign currencies, and cryptocurrencies.
To provide liquidity for income generation or contract activities, users can deposit DAI.
gTrade, a decentralized synthetic leverage trading protocol for cryptocurrencies, foreign exchange and stocks launched by Gains Network, has been launched on Arbitrum.Users can use DAI for contract transactions or choose to deposit DAI to provide liquidity to obtain income.According to Gains Network, gTrade is a “decentralized leveraged trading platform” that’s “liquidity-efficient, powerful, and user-friendly.” The characteristic that sets it apart is its “synthetic architecture.”That implies the user never acquires the asset outright or borrows money to gain access to, leverage, and multiply prospective returns. Each trade comes with excessive collateral. The price of trades has no effect on the asset. Users don’t need to go through KYC identification and can trade directly from their wallets. gTrade makes it easier than ever. It offers unparalleled leverage: 50x on stocks, 150x on cryptocurrencies and up to 1000x for currency trades. TheGains Network product offers a yield that ranges between 15% and 50% to liquidity providers. It is much more beneficial if the profits are from trading commissions or liquidations and not from liquidity mining or Gains Network inflation of the GNS utility token. This dependence on the system is the problem. It appears to be a systemic threat. It’s a weakness that can be targeted and exploited in ways still unimaginable. The central DAI vault is the counterparty to trades on Gains Network’s network. It is a key component in Gains Network’s Gains Network’s Gains Network’s trading platform gTrade. Stakers get a share of trading commissions and eventually will run the protocol through decentralized governance. The #RealYield they receive from the platform’s revenues encourages users keep their money in the DAI vault, GNS staking pool, and GNS/DAI LP. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuWebsite: coincu.comHaroldCoincu NewsTags: ArbitrumDAIGains NetworkgTrade