The Decentralized Finance (DeFi) ecosystem introduces leveraged trading of US stocks via the gTrade trading platform.
Gains Network, a full-fledged DeFi ecosystem, is launching a beta version of on-chain leveraged trading of US stocks on its decentralized trading platform, gTrade. The beta launch will begin with three US-listed stocks: $ AAPL, $ GOOG, and $ FB. This is a statement from the Gains Network team. He added that more US stocks will be added to the platform after the successful beta testnet period.
With the launch of leveraged trading of US stocks announced on Tuesday, May 3, users will be able to trade the price of stocks on the chain with up to 150 times the leverage. It aims to increase the liquidity of decentralized trading while marking an important milestone in the DeFi space as the first ever leveraged DeFi platform for listed stocks.
Sebastian, founder of the Gaines Network, said: “Use cases are getting closer to what TradeFi offers, and the user experience is finally reaching the acceptable level of mass adoption. Participating in DeFi is really the most exciting time.”
Built on polygons, Gains Network is a deflation token, $ GNS, a deeply integrated non-fungible token (NFT), a staking pool that offers value and high profits, and a gTrade platform.
According to the team, the latest launch of stock leverage trading will provide users with cutting-edge technology, user-friendly UI / UX, high leverage, and a great user experience. First, there are no funding or borrowing fees, so users can get as much profit as possible. Second, users are offered up to 150 times higher leverage. It is also provided by gTrade’s crypto assets. Finally, the platform integrates Chainlink’s decentralized oracle to provide the platform with unreliable stock prices in real time.
To ensure smooth trading and increased liquidity, gTrade uses an innovative synthetic leveraged trading architecture that leverages $ GNS utility tokens. The platform has two liquidity pools to help you execute transactions on all the assets listed in gTrade. This reduces the need to build a liquidity pool for all pairs. The leverage provided to traders on the platform is synthetic, which results in much higher liquidity efficiency. In addition, the platform reduces liquidity risk, is the core of fraud, and prevents price impacts on transactions.
Within the coming weeks and months, gTrade will add support for virtually all US-listed stocks, opening up the platform to more users. All significant listed stocks will be listed in the future and will be available for leveraged price trading.
Leveraged trading of three front-running US stocks ($ GOOG, $ AAPL, and $ FB) on gTrade was released on May 2, 2022 at the time of market launch. The platform aims to launch a second batch of 20 large stocks in the United States on May 9, 2022, a week from today.