What is GNS ? - Gains Network Explained

Gains Network is a decentralized leverage trading platform that allows users to predict if the price of an asset will rise or fall. Correct predictions lead to profits. Gains Network offers high leverage without funding fees. Liquidity providers deposit funds into Gains Network and receive trading fees from traders. GNS tokenholders own and govern the protocol. They currently take a cut of the total trading fees paid by traders. The protocol utilizes Chainlink’s decentralized oracle network (DON) which consists of 7 APIs. These APIs feed into eight on-demand Chainlink nodes and in turn feed the real-time prices to an aggregator contract.
Here's how Gains Network works:
Users deposit DAI into the Gains Network to create a collateralized position.
Users can then use their collateral to open leveraged trades on various assets.
If the price of the asset rises, the user makes a profit. If the price of the asset falls, the user loses money.
The Gains Network uses a decentralized oracle network to determine the price of assets.
The Gains Network is a permissionless platform, which means that anyone can participate.
Leverage is the use of borrowed funds to increase one’s trading position beyond what would be available from their cash balance alone. Liquidity providers are individuals or entities that provide liquidity to a market by placing limit orders on the order book. Funding fees are fees charged by exchanges for borrowing funds for margin trading. Chainlink is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.
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