Gains Network
Crypto Overview
Project Overview
Gains Network is a decentralized trading protocol built on Polygon and Arbitrum that enables leveraged trading through its gTrade platform. The protocol allows users to trade cryptocurrencies, forex pairs, and stocks with up to 150x leverage using synthetic assets.
Intended Utility
GNS token serves as the governance and utility token of the Gains Network ecosystem. Its primary functions include: protocol governance voting rights, staking to provide trading liquidity (called DAI vaults), and fee sharing from trading operations.
Actual Utility & Adoption
The protocol has demonstrated significant real-world adoption with its gTrade platform processing over $40 billion in trading volume. The GNS token is actively used for its intended purposes, with substantial participation in DAI vaults and governance decisions.
Token Distribution & Development
The initial token distribution included allocations to the team and early investors with vesting periods. The development team has consistently delivered platform updates and improvements, focusing on technical development rather than pure marketing. The project maintains active GitHub repositories and regular technical updates.
Revenue Model & Operations
The protocol generates revenue through trading fees, which are distributed to GNS stakers and DAI vault providers. While the platform offers leveraged trading, it functions as an actual exchange of digital assets rather than a zero-sum game, as traders receive synthetic exposure to real assets.
Crypto Impact
To assign a comfort level investing in Gains Network from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Gains Network.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.