Gains Network launches leveraged stock price trading on Polygon: AAPL, GOOG, FB

Rick Steves

The gTrade platform has reported an all-time volume of over $11 billion before the launch of leverage stock price trading


Gains Network has announced the launch of leveraged stock price trading on gTrade, the firm’s crypto derivatives platform, in a move that aims to rock the trading world.

The release enhances the appeal of the DeFi industry by letting users trade the price of stocks on-chain with leverage. The first three stocks supported on the gTrade platform include $AAPL, $GOOGLE, and $FB, but more trading instruments will be rolled out over the coming weeks and months.

“We are delighted and honored to be the project that takes DeFi a significant step further by being the first to offer synthetic leveraged trading on the spot price of US stocks. Use cases are getting closer to what TradFi offers, and the user experience is finally reaching acceptable levels for mass adoption. It truly is the most exciting time to be in DeFi”, said the Gains Network founder known as Sébastien.

Trading leveraged synthetic products on DeFi networks is currently unregulated.

Leverage is synthetic rather than borrowed

The leveraged stock price trading is a beta launch but user experience will be the same since the inception of gTrade. According to Gains Network, there are no funding or borrowing fees, users can experience high leverage. The platform will use the Chainlink decentralized oracle network to ensure accurate spot prices.

The synthetic leveraged trading architecture is powered by the $GNS utility token, with the ecosystem using two liquidity pools to execute trades for all pairs listed on gTrade. According to Gains Network, users don’t need to worry about scam wicks, liquidation risk, or price impact on trades.

Because leverage is synthetic rather than borrowed, the feature provides a much higher degree of liquidity efficiency than any decentralized or centralized competitor, the firm claims. The trading of the price of US stocks went live on May 2nd, 2022. A second batch of 20 big US stocks will go live on May 9th. The team aims to have nearly all significant US stocks listed on the platform and available for leveraged price trading.

gTrade has reported an all-time volume of over $11 billion before the launch of leverage stock price trading. The figure is likely to skyrocket as these popular US stocks are available to all users.

In January 2022, Polygon offered Gains Network a $250k grant in MATIC tokens targeted for trading incentives. At the time, Asif Khan, from Polygon Defi Growth, said: “Leveraged trading is one DeFi sector poised for massive growth in 2022. gTrade is already putting in solid on-chain volumes due to smooth UX on the Polygon PoS chain. We believe it has potential to grow a lot, as it fulfills a big DeFi ecosystem demand.”

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