gTrade exchange profile

gTrade is the trading service associated with Gains Network. It offers leveraged exposure to reference prices through synthetic positions. A cryptocurrency, currency, stock, commodity or index shown in the market selector is therefore not necessarily an asset delivered to the customer’s wallet. The trading contracts and collateral vaults determine the outcome of the position.[3]

On 20 October 2026, DefiLlama showed about $1.37 billion of perpetual notional over the preceding 30 days, mainly on Arbitrum, with smaller tracked amounts on Base, MegaETH and Polygon. These figures describe traded contract value, not unique people, newly deposited capital or a count of funded accounts. They should not be combined with spot-exchange turnover or a separate unverified Solana total.[38]

The current execution documentation says new trading on MegaETH ceased on 28 September 2026 while existing positions can still close. This is an exit-only scope, despite some navigation pages continuing to list the deployment.[5]

The documentation separately links Gains Solana at sol.gains.trade. That is a distinct interface and deployment. The EVM collateral matrix, gas sponsorship, contract-delegate permissions and fee illustrations in this profile should not be assumed to transfer unchanged to a Solana-wallet session.[16]

The virtual order book is a display of modelled depth rather than a queue of independent resting bids and offers. V10.2 describes 30 configurable depth bands, with separate above- and below-price configurations and greater impact for very large trades. The cumulative-volume component also discourages treating a series of small submissions as a way around the economics of one large trade.[32]

BTC/ETH also carries a fixed spread of 0.005% per side, or 0.01% round trip.[7]

The 12 October settings multiply affected closing liquidity impact by 20 for roughly three minutes on Arbitrum, and by four for roughly nine to ten minutes on Base/Polygon. Closing-fee decay is off.[7]

Protection close factors increase the liquidity-impact component when a qualifying position closes profitably soon after opening or adding size. A chart profit can become an execution loss. The close preview shows the estimated outcome; this mechanism is separate from the ordinary percentage closing charge and from the collateral amount returned.[17]

At 0.035%, a hypothetical $10,000 BTC/ETH position produces a $3.50 opening fee, before other execution and holding costs.[7]

Holding costs need to be read for the position’s contract version and collateral. The V10 update introduced pair-specific funding and borrowing settings, with funding on post-V10 exposure and older borrowing arrangements capable of coexisting. Funding can transfer value between sides as exposure becomes imbalanced; borrowing is a separate charge. New holding calculations use dynamic position value, so a rate and initial collateral alone are insufficient to reproduce a later close. Fees already accrued can be realised when a position is resized.[31]

For example, an eligible 10% credit discount combined with a 10% staking discount leaves 90% × 90% of the original charge: an overall 19% reduction, not 20%.[25]

Prime Trader is a separately assessed programme for organic trading activity. It can exempt an approved trader from the protection close factor, but approval is not an automatic result of reaching a volume threshold and can be withdrawn for disallowed behaviour. The page’s prospective benefits should not be priced into an account until actually available.[24]

Profit, loss and fees settle in the chosen collateral. Trading BTC/USD with WETH margin does not turn the payout into BTC, and the dollar value of WETH collateral can change independently of the derivative. ETH selected through a supported ordinary-wallet flow is wrapped to WETH; the native-ETH convenience is not the same as one-click delegation. Each collateral has separate liquidity and exposure constraints.[6]

A completed ordinary position close returns the resulting collateral to the wallet. Check the final close, not merely the submitted request or a chart marker. Minimum position value is collateral times leverage converted to USD and can vary by market and chain; a universal minimum deposit would not describe this requirement.[4]

These vault positions should not be read as guaranteed cash savings. The collateralisation buffer, trader profit-and-loss obligations and token-specific recapitalisation rules matter. A displayed yield can coexist with a falling share value or a delayed exit, and the BtcUSD vault has a different replenishment arrangement from vaults using the GNS mint mechanism.[19]

The FAQ describes the maximum trading loss as the collateral assigned to that position, with that collateral lost on liquidation. A profitable close is paid from the relevant gToken vault; a losing close pays the remainder back and transfers the loss to the vault. This settlement rule is not a promise of insurance on the wallet, protocol or vault investment.[17]

One-click trading derives a delegate account from the original wallet signature and a four-digit PIN, storing the encrypted key on the device. Recovery uses that original wallet and PIN. The delegate requires approval and gas, and can manage the documented trade operations without a fresh main-wallet confirmation each time. A lost browser session and a lost controlling wallet are therefore different recovery problems. This convenience does not mean that collateral becomes a balance held by the browser.[14]

The contract supports one active trading delegate per trader. Authorising a replacement supersedes the prior delegate, and removal ends its future trading authority. Existing positions do not close simply because a bot stops, a device disappears or delegation is removed. Delegated operations can change the user’s exposure and withdraw positive PnL to the owner; inability to send proceeds to an arbitrary third party does not prevent losses through authorised trading.[30]

The vault governance documentation describes different delays for different functions, including a 14-day owner or upgrade delay and a three-day manager delay in its gDAI example, alongside urgent administrative actions without that delay. This is a scoped disclosure, not a promise that every current Gains deployment has one universal 14-day exit window.[22]

The contract directory distinguishes trading, vault and other addresses by chain. Users and integrators need to identify the actual deployment before checking allowances, reading an audit or revoking a delegate. A familiar token ticker or website name is insufficient to establish which contract holds a balance. The V10 change log also documents an emergency governance role with a ten-hour timelock, illustrating why version-specific controls matter.[36][31]

The eligibility guidance does not treat absence of routine KYC as permission for unrestricted access. It excludes US participation and applies regional and sanctions controls. The interface can check location and category when opening a new position while allowing existing positions to close. Access to a practice market is not an eligibility decision for funded trading.[18]

The currently linked site terms require users to be at least 18 and restrict sanctioned users, US persons and prohibited use from US territory. Concealing a prohibited location through a VPN does not cure the restriction.[37]

For stocks and indices, the asset-specific pages additionally describe IP and other geolocation controls and exposure to session gaps. A pair appearing in an unconnected interface does not establish that a particular customer can trade it. Nor does a close-only route permit a prohibited customer to open fresh exposure through a different market category.[10][12]

The current maximum closing-slippage default is 1%. If a stop loss or take profit cannot execute inside the selected tolerance, it is skipped for that attempt and may be retried. The position remains open and can liquidate. Liquidations themselves have no slippage check. Tight tolerance therefore limits acceptable execution, rather than guaranteeing an exit.[5]

During chain congestion, the official guidance points to network explorers and status pages, the interface’s congestion warnings, gas settings and alternative RPC endpoints. A faster gas setting can cost more and cannot guarantee that an oracle or chain is available. For markets with closed sessions, waiting for a network confirmation is also distinct from waiting for the market to reopen.[33]

The trading API provides an explicit reclaim operation for a timed-out market request; nobody automatically submits that recovery transaction for the trader. Its order identifiers, rejection reasons and optional client ID help avoid duplicate economic orders. Reusing the same client ID returns the existing request, whereas changing a request under an already used identifier produces a conflict.[29]

The backend documentation supplies wallet-specific trade history with timestamps, pair, direction, collateral, leverage, net PnL, collateral-price information and transaction hashes. It also distinguishes pending events from confirmed events. Preserve collateral flows as well as the displayed PnL when reconciling activity. A verified consolidated tax-form service or universal retention promise was not established from these developer records.[34]

The linked terms, last updated 1 November 2023, name Ingenium Labs Foundation, a Panamanian private-interest foundation, as site operator. They expressly state that the site and operator are not licensed, registered or actively supervised by a financial regulator. No positive native financial-permission entry is therefore recorded here.[37]

Gains Network is the protocol-development identity associated with gTrade. The current profile treats Gains, Gains Network and gTrade as one service family, while keeping the legal site operator, individual smart-contract deployments and separate Solana interface distinct. A new interface label does not by itself migrate an old collateral balance.[2]

GNS revenue rewards are currently paused during the growth phase following the June 2026 governance decision. Revenue is directed to the growth and marketing treasury, with burning and reward distribution paused. The documented later-phase price condition allows governance to revisit the policy rather than promising an automatic restart. General staking and fee-discount staking have different rules; the former page describes unrestricted unstaking, whereas the discount programme has its own 24-hour condition. Stakes predating 30 September 2023 have a dedicated legacy recovery route.[23]

The site terms choose Panamanian law, an initial written dispute notice and a possible 60-day settlement period. Unresolved disputes go to confidential, individual arbitration seated in Panama, in English, under the stated AAA rules. Their claim window is limited to the shorter of the applicable limitation period and six months.[37]

Operator

Ingenium Labs Foundation

Exchange model

Decentralised

Service scope

Synthetic leveraged markets; EVM and separate Solana interfaces, plus collateral vaults.

Client types

Not established

Pricing publication

Public pricing

Other names

Gains Network; Gains

Pricing scope

Position-value fees, spread, impact, holding charges and conditional discounts.

Funding scope

Selected chain-specific crypto collateral; payouts in that collateral.

Custody and asset handling

Wallet-authorised trading contracts and gToken vaults; optional delegated trading.

Client eligibility

Age, US-person, location and sanctions restrictions; practice access is not live approval.

Support

Discord technical tickets and the legal site contact.

Authorisation and registration scope

The site terms disclaim financial-regulator licensing or supervision.

Exchange metadata checked 20 Oct 2026Source 3Source 1Source 37Source 38Source 23Source 18Source 16Source 19Source 30Source 6Source 25Source 7Source 31Source 17Source 2

Practice mode uses a test-network environment and faucet funds so that the interface can be explored without treating the displayed balance as spendable collateral. Its fills, market access and funding experience do not verify production liquidity, eligibility, costs or the availability of a live withdrawal route.[13]

The native trading API is in beta for Arbitrum mainnet and Arbitrum Sepolia; other EVM chains are described as planned. It constructs transactions for a trader or agent to sign, fund with gas and broadcast. The Hyperliquid-compatible facade has a materially narrower current state: mainnet reads are supported, while exchange writes return a chain-read-only error until the relayer is enabled. Isolated margin is the current model; cross margin, TWAP and trailing-stop features should not be assumed live.[27]

The SDK materials include a TradingView webhook example, typed order tracking and a cursor-based fill iterator. They describe CCXT integration as planned and the Python package as following the mainnet release; these should not be presented as universally installed live adapters. A bot stopping locally does not close its on-chain positions, so operational shutdown must include the desired order cancellations, exposure changes and contract revocation.[35]