Gains Network to Host an AMA on X on December 2nd from 15:00 to 16:00 UTC

The event will feature a discussion about Alephium’s layer 1 protocol and gTrade’s latest listing.

DeFi protocol Gains Network will be hosting an Ask Me Anything (AMA) session on X on December 2. The event, scheduled for 15:00 to 16:00 UTC, will center around Alephium's layer 1 protocol and the latest listing on gTrade.

Attendees can anticipate discussions on the technical aspects of Alephium's protocol, specifically regarding its strengths and potential synergies with gTrade's platform. Additionally, there will be updates on the latest listing on gTrade, highlighting the platform's expanding offerings.

This AMA session aims to provide valuable insights into the integration between Alephium and gTrade, showcasing the possibilities for collaboration within the Web3 ecosystem.

About Gains Network

Gains Network is a multi-functional DeFi ecosystem that boasts a range of products operating on the Polygon and Arbitrum networks. At the heart of this ecosystem lies gTrade, a decentralized platform dedicated to leveraged trading.

By harnessing a unique synthetic architecture, gTrade boasts greater capital efficiency than any existing platform. It achieves this through low trading fees, a broad spectrum of leverages, and a diverse selection of pairs, spanning up to 150x on cryptocurrencies and an impressive 1000x on forex pairs.

The Gains Network protocol is powered by two types of utility tokens: ERC-20 tokens (GNS) and ERC721 utility tokens (NFTs). These tokens are designed for active use within the platform, facilitating protocol ownership through revenue capture and governance.

Key features of the protocol include single-sided staking for GNS holders to receive platform fees, a deflationary mechanism that utilizes platform revenue to burn GNS, and special benefits for NFT holders, such as reduced spread and increased rewards.

The GNS token, being the native token of Gains Network, serves multiple purposes. GNS stakers can passively earn a portion of the platform's fees. Moreover, there's a deflationary aspect to the token as it gets burned when the DAI Vault becomes over-collateralized. This burning mechanism aims to control the GNS supply, potentially driving up its value.