Gains Network Unlocks First Batch of its Polygon Grant and Shares Next Steps Details
Gains Network, a Web3 start-up that addresses decentralized trading platforms on Polygon (MATIC) blockchain, is heading toward its first significant milestones with the first $250,000 unlocked.
Gains Network unlocks the first batch of Polygon grants
According to the official announcement shared by the Gains Network team, the first batch (33%) of its Polygon Foundation grant has now been released.
The $250,000 allocation will fuel the next phase of development of gTrade, a leveraged cryptocurrency exchange and trading platform on Polygon (MATIC).
The list of early milestones includes two goals, namely to achieve a sustained daily net trading volume of $ 30 million for all pairs for at least 10 days and a maximum guarantee of $ 20,000 per trade, as allowed by its vault. strong DAI.
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.
Advancing leveraged non-custodial trading services on Polygon
On top of that, the platform has already recorded $ 20 million in daily trade volume and a maximum guarantee of $ 18,000 per trade (20% increase since launch).
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.
In addition, 10 major currency pairs (ForEx) are available with up to 1000x leverage. Price accuracy is guaranteed by Chainlink’s Oracles infrastructure.
