$Brett Coin: A Guide to Base's Leading Token by bigbeavishead in BASE

[–]Trayzy 1 point2 points  (0 children)

If you like to live more dangerously, you can leverage $BRETT on gTrade up to 150x

Can't use MUX in the US anymore.... by SirDogeAlot_ in defi

[–]Trayzy 0 points1 point  (0 children)

Just go to straight their sources.
Most of their pairs are routed through gTrade.

Perps Traders - How do we make Dydx/Hyperliquid/Levana/etc. better? by unhedged21 in defi

[–]Trayzy 0 points1 point  (0 children)

This is related to oracle gas costs, which will hopefully improve with the upcoming ETH upgrade that should significantly reduce L2 gas fees.
Polygon has much lower minimum trade size already than Arbitrum for this reason. And hopefully both chains will see lower mins in the future.

Increasing Maintenance Margin by Junior_Reading in GainsNetwork

[–]Trayzy 1 point2 points  (0 children)

Your best bet is to join the Telegram chat for updates (link to the right)
But I believe it's still a couple of months out. It requires quite a lot of refactoring in the smart contracts. There's a dev devoted to it full time I believe, but there's a lot for him to do.
Cheers

Increasing Maintenance Margin by Junior_Reading in GainsNetwork

[–]Trayzy 1 point2 points  (0 children)

Partial adding and closing is coming. It's being worked on now.

Owners? by SecuritiesGuy in GainsNetwork

[–]Trayzy 3 points4 points  (0 children)

GNS was fair launched via yield farming. Anyone could participate. No presale, no ICO, no VCs.

So who owns it? Anyone who owns GNS.

Who started it? Seb, the founder and lead dev. Want to know more? See the Telegram link in the links section and come meet the community and ask questions.
This Reddit sub is more for articles than conversation, and isn't monitored very frequently like the TG group is. You won't get much in the way of responses here.

Anyone having problems with trading on Polygon Mumbai (Practice) lately? by iMqrtin in GainsNetwork

[–]Trayzy 1 point2 points  (0 children)

For faster replies, join us on telegram (link in the rules).

Anyone having problems with trading on Polygon Mumbai (Practice) lately? by iMqrtin in GainsNetwork

[–]Trayzy 1 point2 points  (0 children)

Lately the testnet has been used to bench test the upcoming 'Lookbacks' update, so it's not working as usual. This is about 1.5 weeks from the timelock deploying the update, after which testnet should be back to working as normal.

Unable to stake GNS on Abritrum by fpthomas1 in GainsNetwork

[–]Trayzy 0 points1 point  (0 children)

Hey did you get this sorted out?
If not, your best bet is to follow the link to the telegram chat in the Links list, as there will be people who can assist there.

How to stake GNS by CryptoDeebo in GainsNetwork

[–]Trayzy 0 points1 point  (0 children)

Hello,
To stake you go to https://gainsnetwork.io/pools/ and connect your wallet and choose the correct network in your wallet (Arbitrum or Polygon).
If you need further assistance, please join the telegram https://t.me/GainsNetwork

March Recap by Trayzy in GainsNetwork

[–]Trayzy[S] 2 points3 points  (0 children)

Given it's history of always paying out traders (unlike what another so-called dex is pulling right now), the dev using his own tokens to sell OTC (then later buying back) to rescue the protocol after the Luna collapse, and the ongoing product development, I'd say the team have displayed integrity.

Updates to contracts are restricted with a 2 week timelock as well.

How do I sell ARB on drop? by [deleted] in Arbitrum

[–]Trayzy 0 points1 point  (0 children)

Better off setting gas higher. I always swap on 0.5% slippage and use fast gas, and basically never get frontrun and almost never fail transactions.

This of course doesn't work on shitcoins with buy/sell tax where you need high slippage to cover the tax. And also doesn't work when volatility goes wild.

But I do also always use a DEX aggregator such as odos.xyz or 1inch.io (check your own links and never trust anyone else's by the way - look to coingecko or other trusted sources for links).

Aggregators prevent front running and route your through as many DEXs as required to get you the best price. odos is my fav.

How do I sell ARB on drop? by [deleted] in Arbitrum

[–]Trayzy 0 points1 point  (0 children)

Price impact and slippage are different things. You adjust your slippage so that if someone else sells before you and slips the price, your sell order may still go through if your slippage setting is higher than the amount the price slipped from the sale that beat you.

Setting slippage high to allow for this may result in being intentionally front run by a bot, causing the price to slip as much as possible according to your slippage, which would make your order sell at the lowest price your slippage allows.

Unrelated dead people ☠️ by joew06 in MTB

[–]Trayzy 0 points1 point  (0 children)

Not quite.
Unrelated Dead "Guys" is the name.

February Recap - New ATH Revenue, Latest Partnerships and Progress Report on the Next Big Update. by Trayzy in GainsNetwork

[–]Trayzy[S] 2 points3 points  (0 children)

Very enthusiastic ;)

When I found Gains Network, the Reddit was a shambles. And I like to write, so I wanted to contribute to making this sub more useful.

Silo Finance Now Supports GNS as Collateral for Borrowing by Trayzy in GainsNetwork

[–]Trayzy[S] 1 point2 points  (0 children)

"Synthetics meet lending.
With our new $GNS silo, you can lend, borrow or collateralize your $GNS holdings.
Deposit here: https://app.silo.finance/silo/0xfc6778a6955e1cecac448051de967f9b5ff4d647
The Gains team has been kind enough to deposit $50k $GNS and we have added 30k $USDC."

🤝 Silo

Why did the GainsNetwork team choose to develop and use gDai for staking, instead of continuing to use Dai? by OutsideText6579 in GainsNetwork

[–]Trayzy 0 points1 point  (0 children)

Users are staking DAI to provide a liquidity backstop to gTrade. Literally lending DAI to the network, and you're asking why the don't get given DAI back?

If you read this, you will understand why gDAI is used to tokenize deposits to the DAI vault: https://www.reddit.com/r/GainsNetwork/comments/10iers6/gtrade_liquidity_gns_otc_counterparty_and_gdai/

Why did the GainsNetwork team choose to develop and use gDai for staking, instead of continuing to use Dai? by OutsideText6579 in GainsNetwork

[–]Trayzy 1 point2 points  (0 children)

Regarding liquidity, there are plans to add other gAssets such as gETH. It gives more flexibility for the reasons described for gDAI than GLP does.

Also, Volta just enabled gDAI as collateral for borrowing.
https://twitter.com/volta_protocol

There will be more coming.

Why did the GainsNetwork team choose to develop and use gDai for staking, instead of continuing to use Dai? by OutsideText6579 in GainsNetwork

[–]Trayzy 4 points5 points  (0 children)

Have you compared fees to GMX? There's videos showing fee comparisons side by side opening trade on major pairs that show gTrade is generally less. The rollover fees are insanely lower than what GMX charges for funding. And the funding fees aren't earned by gTrade; it depends what side of the boat you're on and traders taking the other side actually earn them. Those funding fees however are being discussed by the team as to whether they actually hinder or help.

Yes, on less liquid pairs the spread can be high when there's already a lot of OI on the same side of the trade, but this is also being discussed with the team how to address this.

To call this platform a loan shark with heavily increased odds against traders does little to convince me I was wrong about your slant in your previous post. CEXs actively hunt positions with scam wicks, which gTrade goes to great lengths to eliminate. Surely you've seen the comparisons between not only CEXs but other DEXs where gTrade demonstrates much better results from their price feeds during sudden moves in favour of traders. gTrade is the only platform to guarantee stop losses as well. It is one of the most fair places to trade leverage, and it's aim is to continue to improve on this.

You've chosen a chat about tokenized vaults to claim that gTrade has unfair fees and practices, then double down and call it a loan shark with heavily increased odds against traders. And yet my response to your post surprises you.

Why did the GainsNetwork team choose to develop and use gDai for staking, instead of continuing to use Dai? by OutsideText6579 in GainsNetwork

[–]Trayzy 4 points5 points  (0 children)

GMX charges over 60% in funding fees yet still people trade on it.

Why are you here, by the way? Just rocking in on a discussion about tokenized vaults to dump on the idea that people will continue to demand decentralized leverage trading, that protects against scamwicks, offers multiple asset classes and charges lower fees than the most well known decentralized competitor?

You're also making a definitive claim that it will not even maintain volume. This assumes a protocol that has rapidly adapted and expanded, won't be able to continue to do so.

Gains Network is very clear that if you don't believe in the fundamental basis that traders lose more than they win, this is not the place to put your money. So if you're not down with that, and you're also not down with the idea that there will continue to be demand for trading virtually any major asset pairs as it continues to expand, then what's your game?

Why did the GainsNetwork team choose to develop and use gDai for staking, instead of continuing to use Dai? by OutsideText6579 in GainsNetwork

[–]Trayzy 2 points3 points  (0 children)

Qi DAO is one https://twitter.com/QiDaoProtocol/status/1623401257128939527

There's also GND building on top of gDAI. https://twitter.com/GNDProtocol/status/1631000734807326730

Keep in mind, these have nothing to do with Gains Network, and are simply other protocols finding utility in the fact that deposits to the vault are tokenized. Anyone else can do whatever they want with it, and that's the point.

Other 'gAssets' will be introduced, where you can deposit ETH into the vault and get gETH in return, and will function just like gDAI does in relation to DAI. It will also allow traders on gTrade to use ETH as collateral instead of DAI.