Fast-growing gTrade Platform Gets $250K Grant As It Closes In On First Major Milestones

Rapid organic growth has put Gains Network’s decentralized gTrade platform well on the way towards achieving the first major milestones on its roadmap. It now has $250,000 of funding from Polygon DeFi and its founders feel confident that it will reach its next set of milestones.

Gains Network plans to create a lightning-fast, liquidity-efficient and fast-growing leveraged trading platform using a Polygon blockchain. This will allow investors to benefit from lower fees and quicker trades. The gTrade platform currently supports 43 currencies and 10 Forex pairs. The asset-agnostic, synthetic trading architecture of gTrade, powered by the burning and minting of GNS tokens, allows investors to benefit from median spot prices leverage and no fees. There is also zero impact on price. It claims that it offers the most fair prices with every asset trade being executed at the median spot rate across all exchanges.

gTrade offers the enormous advantage of not needing liquidity in order to trade pairs. All trading pairs backed with the GNS/DAI pools and DAI vault are guaranteed liquidity settlements at 100 percent.

For crypto investors, these benefits are evidently not lost. They have been flocking in large numbers to gTrade. Gains Network claims it’s already very close to reaching its main goal, which is $30 million of daily trading volume per 10 days. The platform currently has an average of $20 millions of transactions each day. It’s also on the verge of hitting its target of a maximum $20,000 per-trade collateral enabled by its DAI Vault, with its current max sitting at $18,000 per-trade collateral.

Other targets on gTrade’s roadmap include reaching $4 million in GNS/DAI liquidity and $2 million total value locked in the DAI Vault. The DAI Vault has $1.8 million of total value, and gTrade already boasts $7 million GNS/DAI liquidity.

Gains Network is now able to unlock $250,000 worth MATIC tokens through its Polygon grant. Once its initial goals are met, Gains Network will receive another $500,000 grant. To help reach the next set of milestones, it will get a second grant of $500,000. These include $100 million daily trading volume, $50K maximum trade collateral, $10M in GNS/DAI liquidity, $5M staked in DAI vault, and $100M in daily trading volume.

“It is a great pleasure for us to work with Polygon for this trading incentives program,” said Gains Network founder Sébastien. “Gains Network’s mission with gTrade has always been to provide an innovative, decentralized, and fair solution for leveraged trading.”

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