1/ gTrade is officially live on @megaeth!
$USDm-fueled perpetual futures, fully on-chain:
• 280+ markets across cryptos & RWAs
• Mega fast one-click trading
• Up to 1000x leverage
Start trading: https://t.co/2ptzIXwpyc
More details ⬇️
🎉 v9.2 (Noble Butter) is now LIVE on #gTrade! 🙌 GM!
This upgrade brings:
👉 Reduced spreads on crypto! 🧈
👉 Lowered borrowing fees! 💸
👉 Better OI utilization! ⚙️
📚 Learn more in the Medium article: ⤵️ https://t.co/YntlUWInsw
Expand the thread for a summary! 👇 (🧵1/7)
🍏 $wETH and $USDC collaterals are LIVE for trading! 🍏
> Trade on gTrade now using $DAI, $wETH, or $USDC as collateral
> Deposit to the two new gToken Vaults to earn yield today
> Stake $GNS to start earning yield in $USDC & $wETH (alongside $DAI)
gTrade = multi-collateral 🫡
📢 As part of gTrade's v7 upgrade, 2 new gToken Vaults are now live and ready for deposits!
> $gUSDC
> $gETH
Deposit $USDC & $wETH now - trading (and therefore earning yield) with these collaterals will begin in about 24 hours! 🔥
���� https://t.co/V14HPU631D
$WTI listing showcases the flexibility of
@gains_trade's custom DON.
If not already, gTrade will be the premier perp dex for diverse and timely pair listings, as we're continuing to ramp up efforts here. Focus on hot pair procedures soon.
Arbitrum STIP back-funding proposal voting ends on Dec 2
@gains_trade biggest potential beneficiary with 4.5m $ARB
Interesting that @muxprotocol is voting NO considering $MUX routes trades via $GNS 🤔
I read the comments and most of the NO arguments seem very poor!
@WhenLamboxs@bmjdec@gains_trade Niestety nie (pomimo osiągniętego quorum w głosowaniu i 93% głosów na TAK). Natomiast mogę powiedzieć tyle, że istnieją alternatywne drogi i chłopaki odpowiedzialni za te rozmowy z nich korzystają 👀
@Piotr11845445@Shybuzz1@gains_trade Klasycznie, smart contract, regulatory risk i konkurencyjny rynek (chodź jeśli chodzi o innowacje na perpsach to Gains top)
📢 Update on our STIP Proposal:
After careful deliberation of the feedback received from numerous major delegates, @gains_trade has decided to lower the requested grant size from 7M to 4.5M $ARB and hereby pledges that any funds received in excess of 4.5M $ARB will be returned to the DAO's distribution wallet in order to fund more protocols that passed Quorum.
Whilst we remain convinced that we would have been able to put all 7 million $ARB to good use, we assess that we can still make significant progress on many of the KPIs with this revised 4.5M $ARB grant.
We hope that this change may make you reconsider casting your vote for @gains_trade as we remain steadfast in our mission to bring mass leverage trading adoption on-chain on @arbitrum.
Thank you for taking the time to review our proposal and congratulations to all projects having already passed the quorum! 💙
Voting for round #1 of STIP Arbitrum proposals ends in less than 48 hours!
Some have expressed concerns that the amount of our grant proposal (7M $ARB) could be too high compared to what other protocols have asked for.
🧵 We want to formally address it in this thread.