.GainsNetwork_io $GNS unlocks its first part of Polygon's grant to fuel gTrade DEX $MATIC Polygon
Gains Network, a Web3 start-up that addresses decentralized trading platforms on Polygon blockchain, is heading toward its first significant milestones with the first $250,000 unlocked.According to the official announcement shared by the team of the Gains Network, the first batch of its grant from Polygon Foundation is now unlocked.The $250,000 allocation will fuel the next phase of development of gTrade, a leveraged cryptocurrency exchange and trading platform on Polygon .
Both additional targets for the first stage of development - $4 million in liquidity for the DNS/GAI pool and $2 million in total volume of assets locked in the DAI vault - are already accomplished by gTrade.Besides that, the platform has already registered $20 million in daily trading volume and an $18,000 max per-trade collateral .
gTrade platform is a pioneering leveraged trading service for Polygon blockchain. As of early Q1, 2022, it works with 43 cryptocurrencies with up to 150x leverage. Also, 10 major foreign currency exchange pairs are available with up to 1000x leverage. The accuracy of prices is guaranteed by Chainlink's oracles infrastructure.
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