Gains Network Launches the gTrade Arbitrum STIP-Bridge Program

is launching the gTrade Arbitrum STIP-Bridge program on June 28th at 00:00 UTC. The program will run for 11 weeks. During this period, a total of 2.25 million ARB tokens will be distributed to traders, liquidity providers, and builders.

DeFi ecosystem Gains Network is set to launch the gTrade Arbitrum STIP-Bridge program on June 28th at 00:00 UTC, which will run for 11 weeks and distribute a total of 2.25 million ARB tokens to traders, liquidity providers, and builders.

Gains Network is a multi-functional DeFi ecosystem with several products on the Polygon and Arbitrum networks. A key feature is gTrade, a decentralized platform for leveraged trading. Using a unique synthetic architecture, gTrade aims to be more capital-efficient than existing platforms, offering low trading fees and a wide range of leverage and pairs, including up to 150x on cryptocurrencies and 1000x on forex.

The Gains Network protocol is powered by its ERC-20 utility token, GNS, and ERC721 utility tokens (NFTs). These tokens are designed for active use within the platform and enable protocol ownership through revenue capture and governance. Some notable features include single-sided staking for GNS holders to earn a portion of the platform's trading fees, a deflationary mechanism where GNS is burned using platform revenue, and benefits for NFT holders, such as reduced spread and increased rewards.

The GNS token, as the native token of Gains Network, has several use cases. GNS stakers can passively earn a yield by accruing a portion of the platform's trading fees. Additionally, a deflationary mechanism is employed, where GNS tokens are burned when the DAI Vault becomes over-collateralized, influencing the token's supply and potentially increasing its value.