The decentralized finance DeFi trading platform 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 $FBS. It would be a statement from the Gains Network team reads. Also, More US stocks are set to be going into the platform following a successful beta testnet period.
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. Further, another goal is to mark a crucial milestone in the DeFi space. Further, The milestone is to mark 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. We are leveraging 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.”
Moreover, Built on Polygon, the Gains Network provides an innovative full-suite DeFi ecosystem. It includes rewards via its deflationary token, $GNS, deeply integrated non-fungible tokens (NFTs). It is staking pools that provide value and high returns, and decentralized leveraged trading via the gTrade platform.