Tuesday, March 21, 2023
  • Login
EthozEdge
No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
Cryptocurrency Marketcap
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
No Result
View All Result
EthozEdge
No Result
View All Result
Home Crypto News Bitcoin

DeFi trading platform, Gains Network launches leveraged trading of US stock prices!

by ethozedge
May 3, 2022
in Bitcoin
Reading Time: 2 mins read
A A
0
Share on FacebookShare on Twitter


The decentralized finance (DeFi) ecosystem will introduce leveraged trading of US stock prices via its gTrade trading platform.

Gains Network, a fully-fledged DeFi ecosystem, is launching its beta version of on-chain leveraged trading of US stock prices on gTrade, a decentralized trading platform. The beta launch will start off with three US-listed stocks namely $AAPL, $GOOG, and $FB, a statement from the Gains Network team reads. More US stocks are set to be added to the platform following a successful beta testnet period, it added.

Announced Tuesday, May 3, the launch of leveraged trading of US stock prices will allow users to trade prices of stocks on-chain with leverage of up to 150x. This aims to boost the liquidity of decentralized trading while marking a crucial milestone in the DeFi space as the first-ever leveraged trading DeFi platform for publicly traded stocks.

“We are delighted and honoured to be the project that takes DeFi a significant step further by being the first to offer synthetic leveraged trading on the spot price of US stocks,” Gains Network Founder Sébastien comments. “Use cases are getting closer to what TradFi offers, and the user experience is finally reaching acceptable levels for mass adoption. It truly is the most exciting time to be in DeFi.”

Built on Polygon, the Gains Network provides an innovative full-suite DeFi ecosystem including rewards via its deflationary token, $GNS, deeply integrated non-fungible tokens (NFTs), staking pools that provide value and high returns, and decentralized leveraged trading via the gTrade platform.

According to the team, the latest launch of leveraged trading of stock prices will provide users with cutting-edge technology, a user-friendly UI/UX, high leverage, and a superior user experience. First, there will be no funding or borrowing fees, allowing users to make as much profit as possible. Secondly, users will be provided with high leverage of up to 150x, which is also offered on crypto assets on gTrade. Finally, the platform has integrated Chainlink’s decentralized oracles to provide real-time and trustless stock prices to the platform.

To ensure smooth trading and increased liquidity, gTrade uses an innovative synthetic leveraged trading architecture powered by the $GNS utility token. The platform has two liquidity pools that help execute trades for all assets listed on gTrade which reduces the need to build out a liquidity pool for every pair. The leverage provided to traders on the platform is synthetic, which unlocks a much higher degree of liquidity efficiency. Furthermore, the platform ensures reduced liquidation risk, no scam wicks, and no price impacts on the trades.

In the coming weeks and months, gTrade will add support for virtually all US-listed stocks, opening up the platform to more users. Every significant publicly traded stock will be listed in the future and be available for leveraged price trading.

The leveraged trading of the three front-running US stocks on gTrade ($GOOG, $AAPL, and $FB) went live on May 2nd, 2022 at market open. The platform aims to launch the second batch, containing 20 big US stock prices, on May 9th, 2022, a week from today.



Source link

Tags: bitcoin newscrypto analysiscrypto newsDeFiEthoz EdgegainsLatest bitcoin newslatest crypto newsLaunchesleveragednetworkPlatformpricesstockTrading
Share76Tweet47

Related Posts

FL Gov. DeSantis Proposes Ban on Central Bank Digital Currency Use as Money – Bitcoin News

by ethozedge
March 21, 2023
0

Governor Ron DeSantis of the U.S. state of Florida has proposed legislation to prohibit the use of central bank digital...

As ZK Tech Booms in Crypto, Developers Must Consider User Safety

by ethozedge
March 20, 2023
0

The next major line of defense is proper code auditing. This can’t merely be internal auditing done by the developers...

Is Bitcoin Following An Explosive 1970s Gold Fractal?

by ethozedge
March 20, 2023
0

Bitcoin price could potentially be following a fractal from gold during the 1970s – the last time inflation in the...

The Federal Reserve Intervenes: Bank Term Funding Program

by ethozedge
March 20, 2023
0

The Federal Reserve balance sheet increased by $300 billion in one week, leading to debate about whether these actions qualify...

Fractional Reserve Carbon Accounting Is An Attack On Bitcoin Mining

by ethozedge
March 20, 2023
0

A forthcoming New York Times article is expected to introduce “fractional reserve indirect carbon accounting” and target bitcoin mining. This...

Load More
  • Trending
  • Comments
  • Latest

🔴 Bank of America Bets on Crypto

April 11, 2022

Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer

August 16, 2022

How to Add Polygon (MATIC) to Your MetaMask Wallet

May 28, 2022

The Sandbox Price Prediction 2022-2030: HODL or DUMP?

May 25, 2022

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

0

At least 54 apes were stolen in BAYC Instagram hack

0

Binance Introduces New Crypto Card for Ukrainian Refugees

0

55,000 Meta Cricket League NFTs sell out in nine minutes

0

Shiba Inu Whale Moves 24 Trillion SHIB From Crypto Exchange To Cold Storage

March 21, 2023

FL Gov. DeSantis Proposes Ban on Central Bank Digital Currency Use as Money – Bitcoin News

March 21, 2023

Euler hacker offers to negotiate return of funds

March 20, 2023

Institutional Investors Take Contrarian Positions Amid Crypto Rally As Markets See More Outflows: CoinShares

March 20, 2023
Facebook Twitter LinkedIn Tumblr RSS
EthozEdge

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at EthozEdge

CATEGORIES

  • Altcoin News
  • Avalanche Network
  • Binance Smart Chain
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Regulation News
  • DeFi
  • Ethereum
  • EVM News
  • Fantom Opera Chain
  • Harmony Chain
  • Huobi Eco Chain
  • Metaverse
  • NFT
  • Polygon Chain
  • Scam News
  • Web 3.0
  • XDai Chain

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • JDBJDB(JDB)$0.021575-0.61%
  • bitcoinBitcoin(BTC)$27,885.000.04%
  • ethereumEthereum(ETH)$1,754.36-1.13%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.01-0.04%
  • binancecoinBNB(BNB)$334.13-0.68%
  • usd-coinUSD Coin(USDC)$1.00-0.06%
  • rippleXRP(XRP)$0.3885760.91%
  • cardanoCardano(ADA)$0.339275-1.34%
  • staked-etherLido Staked Ether(STETH)$1,754.91-0.88%
  • matic-networkPolygon(MATIC)$1.11-2.01%
  • dogecoinDogecoin(DOGE)$0.072239-2.88%
  • solanaSolana(SOL)$22.500.38%
  • binance-usdBinance USD(BUSD)$1.01-0.36%
  • polkadotPolkadot(DOT)$6.19-2.88%
  • shiba-inuShiba Inu(SHIB)$0.000011-1.75%
  • tronTRON(TRX)$0.066217-1.02%
  • litecoinLitecoin(LTC)$79.47-3.41%
  • avalanche-2Avalanche(AVAX)$16.78-3.25%
  • daiDai(DAI)$1.00-0.11%
  • uniswapUniswap(UNI)$6.19-3.62%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$27,948.000.39%
  • ToncoinToncoin(TON)$2.39-0.32%
  • chainlinkChainlink(LINK)$7.100.10%
  • cosmosCosmos Hub(ATOM)$11.68-3.17%
  • leo-tokenLEO Token(LEO)$3.380.31%
  • moneroMonero(XMR)$155.040.86%
  • ethereum-classicEthereum Classic(ETC)$19.88-3.95%
  • okbOKB(OKB)$45.67-2.73%
  • bitcoin-cashBitcoin Cash(BCH)$130.96-2.70%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • filecoinFilecoin(FIL)$5.81-4.94%
  • stellarStellar(XLM)$0.0877580.01%
  • AptosAptos(APT)$12.19-4.70%
  • true-usdTrueUSD(TUSD)$1.010.34%
  • lido-daoLido DAO(LDO)$2.30-4.50%
  • quant-networkQuant(QNT)$127.05-3.91%
  • hedera-hashgraphHedera(HBAR)$0.061269-3.19%
  • crypto-com-chainCronos(CRO)$0.070195-5.84%
  • nearNEAR Protocol(NEAR)$1.99-4.36%
  • blockstackStacks(STX)$1.213.05%
  • vechainVeChain(VET)$0.022828-5.94%
  • internet-computerInternet Computer(ICP)$5.13-3.58%
  • algorandAlgorand(ALGO)$0.211235-3.44%
  • apecoinApeCoin(APE)$4.08-2.50%
  • the-graphThe Graph(GRT)$0.147448-2.65%
  • fantomFantom(FTM)$0.461376-6.39%
  • eosEOS(EOS)$1.161.46%
  • the-sandboxThe Sandbox(SAND)$0.66-4.18%
  • flowFlow(FLOW)$1.114.19%
  • immutable-xImmutableX(IMX)$1.29-10.66%
  • elrond-erd-2MultiversX(EGLD)$44.311.67%
  • decentralandDecentraland(MANA)$0.60-3.73%
  • aaveAave(AAVE)$76.17-2.64%
  • tezosTezos(XTZ)$1.17-5.21%
  • fraxFrax(FRAX)$1.00-0.01%
  • theta-tokenTheta Network(THETA)$1.01-4.14%
  • axie-infinityAxie Infinity(AXS)$8.61-4.72%
  • havvenSynthetix Network(SNX)$2.931.43%
  • kucoin-sharesKuCoin(KCS)$9.341.16%
  • neoNEO(NEO)$12.34-4.60%
  • conflux-tokenConflux(CFX)$0.401437-9.84%
  • optimismOptimism(OP)$2.50-4.75%
  • rocket-poolRocket Pool(RPL)$40.58-3.54%
  • BitDAOBitDAO(BIT)$0.53-2.02%
  • paxos-standardPax Dollar(USDP)$1.00-0.09%
  • gatechain-tokenGate(GT)$5.38-1.06%
  • terra-lunaTerra Luna Classic(LUNC)$0.000127-3.62%
  • curve-dao-tokenCurve DAO(CRV)$0.97-2.82%
  • usddUSDD(USDD)$1.000.12%
  • klay-tokenKlaytn(KLAY)$0.229470-0.97%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.83-0.64%
  • mina-protocolMina Protocol(MINA)$0.80-4.35%
  • bitcoin-cash-svBitcoin SV(BSV)$36.13-1.95%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.78-5.16%
  • gmxGMX(GMX)$78.89-2.56%
  • huobi-tokenHuobi(HT)$4.021.22%
  • sapphireSapphire(SAPP)$0.7035.32%
  • chilizChiliz(CHZ)$0.118764-1.82%
  • dashDash(DASH)$56.080.05%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • ecasheCash(XEC)$0.000031-3.00%
  • makerMaker(MKR)$668.45-3.61%
  • frax-shareFrax Share(FXS)$8.03-2.74%
  • iotaIOTA(MIOTA)$0.214572-2.82%
  • xdce-crowd-saleXDC Network(XDC)$0.04278820.92%
  • bittorrentBitTorrent(BTT)$0.000001-7.39%
  • singularitynetSingularityNET(AGIX)$0.466790-6.15%
  • Bitget TokenBitget Token(BGB)$0.3830860.53%
  • EdgecoinEdgecoin(EDGT)$1.01-0.12%
  • compound-ethercETH(CETH)$35.23-1.44%
  • pax-goldPAX Gold(PAXG)$1,995.00-0.23%
  • Tokenize XchangeTokenize Xchange(TKX)$6.34-0.23%
  • trust-wallet-tokenTrust Wallet(TWT)$1.21-3.55%
  • tether-goldTether Gold(XAUT)$1,977.68-1.09%
  • render-tokenRender(RNDR)$1.33-6.28%
  • binaryxBinaryX(BNX)$165.94-5.94%
  • zilliqaZilliqa(ZIL)$0.027849-3.64%
  • osmosisOsmosis(OSMO)$0.82-2.27%
  • Halo CoinHalo Coin(HALO)$0.057352-0.04%
  • compound-usd-coincUSDC(CUSDC)$0.022860-0.02%
  • arweaveArweave(AR)$8.60-2.87%
  • 1inch1inch(1INCH)$0.52-3.96%
  • loopringLoopring(LRC)$0.340572-7.72%
  • thorchainTHORChain(RUNE)$1.41-2.77%
  • radixRadix(XRD)$0.041997-0.28%
  • mask-networkMask Network(MASK)$5.52-3.23%
  • oec-tokenOKC Token(OKT)$23.28-3.72%
  • kavaKava(KAVA)$0.92-4.61%
  • fetch-aiFetch.ai(FET)$0.395587-3.76%
  • convex-financeConvex Finance(CVX)$5.40-3.79%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,879.16-0.86%
  • enjincoinEnjin Coin(ENJ)$0.398645-5.22%
  • casper-networkCasper Network(CSPR)$0.036589-0.90%
  • gemini-dollarGemini Dollar(GUSD)$1.00-0.04%
  • DeFiChainDeFiChain(DFI)$0.580.07%
  • MagicMagic(MAGIC)$1.822.42%
  • dydxdYdX(DYDX)$2.52-4.85%
  • zcashZcash(ZEC)$34.72-3.84%
  • FLOKIFLOKI(FLOKI)$0.0000392.17%
  • btse-tokenBTSE Token(BTSE)$2.34-2.24%
  • nexoNEXO(NEXO)$0.674.40%
  • WEMIXWEMIX(WEMIX)$1.552.92%
  • cdaicDAI(CDAI)$0.022233-0.37%
  • basic-attention-tokenBasic Attention(BAT)$0.241462-4.27%
  • EthereumPoWEthereumPoW(ETHW)$3.33-2.84%
  • FlareFlare(FLR)$0.030277-0.63%
  • baby-doge-coinBaby Doge Coin(BABYDOGE)$0.0000000.56%
  • DogechainDogechain(DC)$0.001787-24.98%
  • ethereum-name-serviceEthereum Name Service(ENS)$13.67-3.61%
  • nemNEM(XEM)$0.038571-5.33%
  • Nexus MutualNexus Mutual(NXM)$50.37-1.01%
  • woo-networkWOO Network(WOO)$0.201454-6.07%
  • qtumQtum(QTUM)$3.21-5.23%
  • terra-luna-2Terra(LUNA)$1.41-2.15%
  • theta-fuelTheta Fuel(TFUEL)$0.054143-4.17%
  • injective-protocolInjective(INJ)$4.08-2.13%
  • holotokenHolo(HOT)$0.001803-3.48%
  • galaGALA(GALA)$0.042288-6.75%
  • Gains FarmGains Farm(GFARM2)$8,801.43-1.54%
  • ravencoinRavencoin(RVN)$0.026301-4.07%
  • kusamaKusama(KSM)$34.57-3.15%
  • celoCelo(CELO)$0.63-5.14%
  • Aleph ZeroAleph Zero(AZERO)$1.41-0.22%
  • Access ProtocolAccess Protocol(ACS)$0.010217-1.15%
  • compound-governance-tokenCompound(COMP)$44.02-3.12%
  • KaspaKaspa(KAS)$0.0170325.88%
  • decredDecred(DCR)$19.95-2.84%
  • oasis-networkOasis Network(ROSE)$0.058479-5.30%
  • AstarAstar(ASTR)$0.066092-4.32%
  • bitcoin-goldBitcoin Gold(BTG)$16.42-3.25%
  • gnosisGnosis(GNO)$110.15-0.20%
  • bloxBlox(CDT)$0.4219428.23%
  • olympusOlympus(OHM)$10.23-0.98%
  • BeldexBeldex(BDX)$0.0547600.62%
  • audiusAudius(AUDIO)$0.285374-5.60%
  • yearn-financeyearn.finance(YFI)$8,573.67-2.32%
  • safemoonSafeMoon [OLD](SAFEMOON)$0.000000-1.12%
  • ankrAnkr Network(ANKR)$0.033907-3.76%
  • Bone ShibaSwapBone ShibaSwap(BONE)$1.200.07%
  • linkLINK(LN)$40.90-1.45%
  • omisegoOMG Network(OMG)$1.93-9.81%
  • liquity-usdLiquity USD(LUSD)$1.020.36%
  • balancerBalancer(BAL)$6.54-1.69%
  • chiaChia(XCH)$38.16-0.87%
  • stepnSTEPN(GMT)$0.408102-5.31%
  • SSV NetworkSSV Network(SSV)$36.01-4.55%
  • IdeaChainIdeaChain(ICH)$4.730.00%
  • ftx-tokenFTX(FTT)$1.89-21.52%
  • Gains NetworkGains Network(GNS)$8.33-1.06%
  • harmonyHarmony(ONE)$0.020528-4.29%
  • convex-crvConvex CRV(CVXCRV)$0.86-2.19%
  • AstraferAstrafer(ASTRAFER)$1.61-2.31%
  • huobi-btcHuobi BTC(HBTC)$27,907.000.18%
  • Crypto Gladiator LeagueCrypto Gladiator League(CGL)$0.16194440.57%
  • golemGolem(GLM)$0.242610-7.31%
  • justJUST(JST)$0.026867-2.61%
  • DAO MakerDAO Maker(DAO)$1.59-7.51%
  • moonbeamMoonbeam(GLMR)$0.391962-4.35%
  • BlurBlur(BLUR)$0.56-0.35%
  • iotexIoTeX(IOTX)$0.024780-4.03%
  • Manchester City Fan TokenManchester City Fan Token(CITY)$11.87-1.78%
  • world-mobile-tokenWorld Mobile Token(WMT)$0.2920233.33%
  • ecomiECOMI(OMI)$0.000852-2.70%
  • kadenaKadena(KDA)$1.03-2.52%
  • escoin-tokenEscoin(ELG)$2.85-0.41%
  • nucypherNuCypher(NU)$0.175536-1.62%
  • jasmycoinJasmyCoin(JASMY)$0.004761-2.89%
  • Meerkat SharesMeerkat Shares(MSHARE)$11,715.17-5.03%
  • sushiSushi(SUSHI)$1.16-4.33%
  • amp-tokenAmp(AMP)$0.004002-2.57%
  • tether-eurtEuro Tether(EURT)$1.080.63%
  • Staked LunaStaked Luna(STLUNA)$88.35-0.49%
  • wavesWaves(WAVES)$2.19-4.07%
  • LiquityLiquity(LQTY)$2.372.19%
  • terrausdTerraClassicUSD(USTC)$0.022224-3.69%
  • Frax EtherFrax Ether(FRXETH)$1,756.94-0.84%
  • band-protocolBand Protocol(BAND)$1.71-4.14%
  • siacoinSiacoin(SC)$0.004025-4.97%
  • iconICON(ICX)$0.216653-4.75%