- The most recent upgrade to gTrade includes the implementation of a funding fee mechanism, which is a substantial improvement over the prior model for the borrowing fee.
- As a result of the upgrade, gTrade will strengthen its reputation as a worldwide Perp DEX for leveraged trading.
- It brings with it a plethora of new features and performance advancements that are intended to further solidify its position as the most prominent omnichain Perp DEX.
gTrade has announced a significant update to its Perp DEX, which now allows for high-leverage trading in both conventional markets and cryptocurrency markets. v10 is the most significant protocol upgrade of the year, and it brings with it a plethora of new features and performance advancements that are intended to further solidify its position as the most prominent omnichain Perp DEX.
The most recent upgrade to gTrade includes the implementation of a funding fee mechanism, which is a substantial improvement over the prior model for the borrowing fee. In addition to providing more scalability, the new system improves the user experience by lowering the probability that traders may reach open interest limits. In practice, this will make it possible for more experienced users, such as swing traders, arbitrageurs, and market makers, to access the markets that gTrade offers.
As a result of the upgrade, gTrade will strengthen its reputation as a worldwide Perp DEX for leveraged trading, which includes technical stocks, foreign exchange, commodities, and cryptocurrency. gTrade provides the most comprehensive leveraged market access in the decentralized finance industry. It provides synthetic exposure to dozens of conventional markets, such as indices and precious metals, in addition to more than 240 cryptocurrencies. These enlarged markets, in conjunction with the structural changes available in v10, make it possible for integrators to provide new prospects for the development of sophisticated trading solutions. In order to enable use cases such as position hedging and cross-market strategies while simultaneously tapping into a capital-efficient liquidity architecture, existing partners such as Bifrost, Volmex Finance, and Symphony.io are now able to utilize features such as increased open interest limits and funding fee mechanisms.
gTrade Founder Seb said:
“gTrade v10 is an expansion of what’s always made the platform special. We’re taking the precision and transparency that scalpers loved and unlocking it for a broader class of traders, integrators, and funding fee farmers. It’s a very important step toward making gTrade the most efficient, accessible, and scalable Perp DEX in DeFi.”
In August, a trading competition with a prize pool of $200,000 will get underway as a way to commemorate the debut of gTrade v10. In addition to generating larger volume and rewarding top traders, this will provide traders with an incentive to try out the new features and mechanics of the platform for themselves. The tournament will be available to participants on a number of different networks, including Arbitrum, Base, Solana, and Polygon, where gTrade is currently deployed.
gTrade has reached a significant turning point with the introduction of v10, which has transformed it into a scalable and general-purpose Perp DEX. For the very first time, traders will have the opportunity to earn funding fees with significant incentives to balance gTrade’s open interest; conduct counter transactions as system-recognized arbitrageurs; and experience native price discovery, which will offer perps pricing in the manner of CEX.
The combination of new features and a much better user experience paves the way for increased volumes and revenue development while simultaneously supporting the deflationary concept of the $GNS token. gTrade continues to be a pioneering Perp DEX that offers ultra-high leverage in conjunction with zero-slippage execution on key pairings. The company has received more than $100 billion in lifetime volume and has generated $60 million in revenue. By enhancing these features, the v10 promotes gTrade as a flexible futures exchange that caters to both retail and professional traders via its services.
gTrade is the flagship protocol of Gains Network, which is a decentralized perpetual futures exchange (Perp DEX) that was developed with accuracy, transparency, and scalability in mind. From a single platform, traders have access to a broad range of markets, including cryptocurrencies, foreign exchange, equities, and commodities, amongst others. Traders are provided with possibilities to go long or short across major and specialty markets alike via the use of gTrade, which offers leverage ranging from up to 1000x times on certain assets. A combination of high performance and on-chain security is provided by the protocol, which was built on Arbitrum, Base, and Solana.
The one-of-a-kind synthetic architecture of gTrade makes it possible to execute major pairings with zero slippage, which guarantees both efficient trade entry and the absence of surprises. gTrade is meant to cater to both retail and professional traders by providing a high level of liquidity, a capital-efficient approach, fee structures that are sustainable, and a developing ecosystem of integrators and funding fee farmers. gTrade, which is a completely decentralized platform, places a high priority on openness in all aspects of its operations, including pricing, transaction history, and tokenomics. There is a deflationary model that is supported by the platform, which is fueled by the $GNS token, which is supported via protocol buybacks and burns.
