Derivatives · Perp DEX · GNS
Gains Network (gTrade) offers synthetic leveraged trading backed by gToken LP vaults; it supports very high leverage (up to 150x) across crypto, forex, and equities/indices, accessible to retail with low minimums.
Synthetic leveraged trading (gTrade).
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Synthetic markets (no spot leg) collateralized by gToken vaults; up-to-150x leverage on majors plus forex and equities.
The decentralized leveraged trading platform built by Gains Network. Traders open synthetic leveraged positions on crypto, forex, stocks, indices, and commodities using stablecoin collateral, with prices sourced from a custom Chainlink oracle network rather than a traditional order book.
ERC-4626 tokenized vaults that act as the sole counterparty to all trades on the collateral they back. When traders lose, losses flow into the vault; when traders win, profits are paid from it. Vaults receive a share of trading fees, which appreciates the gToken exchange rate for liquidity providers.
The native ERC-20 utility and value-capture token. Used for staking (fee discounts up to 50%), revenue sharing via buyback-and-burn, and as a balancing/backstop mechanism for the vaults. Max supply capped at 100,000,000.
An on-demand real-time Chainlink decentralized oracle network. When a trade is submitted, gTrade's node operators each return a median spot price aggregated from multiple exchange APIs, and the aggregator contract takes the median of the responses so there is no single point of failure.
100,000,000 GNS (capped; initial supply 38,892,000 at launch)
Gains Network docs — GNS Token1:1000 split — 1000 GNS per 1 GFARM2 (migration announced 27 Oct 2021)
Gains Network — Migrating GFARM2 to GNSArbitrum One, Base, Polygon (plus additional deployments noted in docs); collateral in stablecoins such as DAI and USDC
Gains Network gTrade FAQHow Gains Network maps onto established TradFi structures, and where it diverges.
CFD / spread-betting broker (e.g. leveraged CFDs on forex and equities)
Gains Network
Both offer high-leverage synthetic exposure to crypto, forex, indices, stocks, and commodities without holding the underlying asset, with the platform/liquidity pool acting as counterparty.
TradFi analogue
gTrade is non-custodial and on-chain, settles in stablecoins via smart contracts, uses a Chainlink oracle network for pricing, and its counterparty is a permissionless ERC-4626 LP vault rather than a licensed broker's balance sheet.
Prop/market-maker liquidity pool acting as house
Gains Network
The gToken vault functions like a 'house' that wins when traders lose and loses when they win, earning fees for providing liquidity.
TradFi analogue
Anyone can become an LP in the vault permissionlessly and hold a tokenized, transferable share, unlike a private market-making desk.
Seb (Sébastien)
Founder / lead developer Built the original GFARM2 protocol largely solo over roughly a year before the rebrand to Gains Network, and remains the core developer behind gTrade.
Key milestones: launches, upgrades, exploits and governance events.
GFARM2 fair launch on Ethereum
ExecutedThe predecessor GFARM2 token launched on Ethereum and was distributed fairly via the GFARM2/ETH liquidity pool, with no presale or VC allocation.
SourceGNS token and Gains Network rebrand
Executed1:1000 migration from GFARM2 to GNS and rebrand to Gains Network, ahead of the move to Polygon.
SourcegToken vaults (ERC-4626) go live
ExecutedgDAI introduced as the first ERC-4626 gToken vault, the model later extended to gUSDC, gETH, gBTCUSD, and gGNS.
SourceMulti-chain expansion begins (Arbitrum)
ExecutedgTrade deployed on Arbitrum, its first chain beyond Polygon.
SourceGains Network is the team behind gTrade, a decentralized synthetic leveraged trading platform. It lets users trade crypto, forex, stocks, indices, and commodities with leverage (up to 150x on crypto and higher on forex) using stablecoin collateral, with gToken vaults acting as counterparty.
gTrade is synthetic: there is no order book and no direct counterparty matching. A gToken vault (e.g. gDAI or gUSDC) is the counterparty to every trade, and execution prices come from a custom Chainlink oracle network delivering median spot prices, giving deep liquidity with no market impact.
No. Gains Network was a fair launch. The predecessor GFARM2 token was distributed via a liquidity pool on Ethereum with no ICO, presale, or VC allocation. The project was bootstrapped by its developer(s).
GNS is the rebranded successor to GFARM2. On 27 October 2021 the project rebranded to Gains Network and migrated GFARM2 to GNS with a 1:1000 split (1000 GNS per GFARM2), targeting a 100m max supply.
gToken vaults (gDAI, gUSDC, gETH, gBTCUSD, gGNS) are ERC-4626 vaults that back trades. LPs deposit the underlying asset and receive a yield-bearing gToken. Vaults collect a portion of trading fees; as long as fees earned exceed net trader PnL payouts, LPs earn a positive return.
