DeFi trading platform, Gains Network launches leveraged trading of US stock prices!

The decentralized concern (DeFi) ecosystem volition present leveraged trading of US banal prices via its gTrade trading platform.

Gains Network, a fully-fledged DeFi ecosystem, is launching its beta mentation of on-chain leveraged trading of US banal prices connected gTrade, a decentralized trading platform. The beta motorboat volition commencement disconnected with 3 US-listed stocks namely $AAPL, $GOOG, and $FB, a connection from the Gains Network squad reads. More US stocks are acceptable to beryllium added to the level pursuing a palmy beta testnet period, it added.

Announced Tuesday, May 3, the motorboat of leveraged trading of US banal prices volition let users to commercialized prices of stocks on-chain with leverage of up to 150x. This aims to boost the liquidity of decentralized trading portion marking a important milestone successful the DeFi abstraction arsenic the first-ever leveraged trading DeFi level for publically traded stocks.

“We are delighted and honoured to beryllium the task that takes DeFi a important measurement further by being the archetypal to connection synthetic leveraged trading connected the spot terms of US stocks,” Gains Network Founder Sébastien comments. “Use cases are getting person to what TradFi offers, and the idiosyncratic acquisition is yet reaching acceptable levels for wide adoption. It genuinely is the astir breathtaking clip to beryllium successful DeFi.”

Built connected Polygon, the Gains Network provides an innovative full-suite DeFi ecosystem including rewards via its deflationary token, $GNS, profoundly integrated non-fungible tokens (NFTs), staking pools that supply worth and precocious returns, and decentralized leveraged trading via the gTrade platform.

According to the team, the latest motorboat of leveraged trading of banal prices volition supply users with cutting-edge technology, a user-friendly UI/UX, precocious leverage, and a superior idiosyncratic experience. First, determination volition beryllium nary backing oregon borrowing fees, allowing users to marque arsenic overmuch nett arsenic possible. Secondly, users volition beryllium provided with precocious leverage of up to 150x, which is besides offered connected crypto assets connected gTrade. Finally, the level has integrated Chainlink’s decentralized oracles to supply real-time and trustless banal prices to the platform.

To guarantee creaseless trading and accrued liquidity, gTrade uses an innovative synthetic leveraged trading architecture powered by the $GNS inferior token. The level has 2 liquidity pools that assistance execute trades for each assets listed connected gTrade which reduces the request to physique retired a liquidity excavation for each pair. The leverage provided to traders connected the level is synthetic, which unlocks a overmuch higher grade of liquidity efficiency. Furthermore, the level ensures reduced liquidation risk, nary scam wicks, and nary terms impacts connected the trades.

In the coming weeks and months, gTrade volition adhd enactment for virtually each US-listed stocks, opening up the level to much users. Every important publically traded banal volition beryllium listed successful the aboriginal and beryllium disposable for leveraged terms trading.

The leveraged trading of the 3 front-running US stocks connected gTrade ($GOOG, $AAPL, and $FB) went unrecorded connected May 2nd, 2022 astatine marketplace open. The level aims to motorboat the 2nd batch, containing 20 large US banal prices, connected May 9th, 2022, a week from today.