islaunchingthegTradeArbitrumSTIP-BridgeprogramonJune28that00:00UTC.Theprogramwillrunfor11weeks.Duringthisperiod,atotalof2.25millionARBtokenswillbedistributedtotraders,liquidityproviders,andbuilders.
DeFiecosystemGainsNetworkissettolaunchthegTradeArbitrumSTIP-BridgeprogramonJune28that00:00UTC,whichwillrunfor11weeksanddistributeatotalof2.25millionARBtokenstotraders,liquidityproviders,andbuilders.GainsNetworkisamulti-functionalDeFiecosystemwithseveralproductsonthePolygonandArbitrumnetworks.AkeyfeatureisgTrade,adecentralizedplatformforleveragedtrading.Usingauniquesyntheticarchitecture,gTradeaimstobemorecapital-efficientthanexistingplatforms,offeringlowtradingfeesandawiderangeofleverageandpairs,includingupto150xoncryptocurrenciesand1000xonforex.TheGainsNetworkprotocolispoweredbyitsERC-20utilitytoken,GNS,andERC721utilitytokens(NFTs).Thesetokensaredesignedforactiveusewithintheplatformandenableprotocolownershipthroughrevenuecaptureandgovernance.Somenotablefeaturesincludesingle-sidedstakingforGNSholderstoearnaportionoftheplatform'stradingfees,adeflationarymechanismwhereGNSisburnedusingplatformrevenue,andbenefitsforNFTholders,suchasreducedspreadandincreasedrewards.TheGNStoken,asthenativetokenofGainsNetwork,hasseveralusecases.GNSstakerscanpassivelyearnayieldbyaccruingaportionoftheplatform'stradingfees.Additionally,adeflationarymechanismisemployed,whereGNStokensareburnedwhentheDAIVaultbecomesover-collateralized,influencingthetoken'ssupplyandpotentiallyincreasingitsvalue.
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