Difference between revisions of "Gains Network (GNS)"
(Created page with "Perp DEX fork of GMX based on Arbitrum and Polygon ==Basics== *Based in: *Started in / Announced on: *Testnet release: *Mainnet release: ==History== ==Audits & Exploits== *Bug bounty program can be found [insert here]. ===Bugs/Exploits=== ==Governance== ===Admin Keys=== * It states in its long-term vision that they plan to become a Decentralised Au...") |
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==History== | ==History== | ||
==Audits & Exploits== | ==Audits & Exploits== | ||
*[[bug bounty| | *Gains network offers a [[bug bounty]] of 100 000$ on [[ImmuneFi|Immunefi]] (live since 3-2022). | ||
*Scored [https://www.defisafety.com/app/pqrs/518 38%], a fail, on [[DeFi Safety]] (9-11-2022): | |||
''"There is no coverage of deployed contracts by software function documentation that could be found. There is no traceability between software documentation and implemented code that could be made. No testing evidence could be found in the repository's GitHub. This protocol has not undergone formal verification.'' | |||
''Gains Network's v6 update has been [https://medium.com/gains-network/gtrade-v6-update-5b13da3be00 audited] pre-launch, with most minor issues being solved, the one major issue acknowledged being [[centralization]]. For this matter, the protocol will earn 90%."'' | |||
===Bugs/Exploits=== | ===Bugs/Exploits=== | ||
==Governance== | ==Governance== | ||
===Admin Keys=== | ===Admin Keys=== | ||
* It states in its long-term vision that they plan to become a [[Decentralised Autonomous Organisation (DAO)|DAO]] governed by the $GNS [[token]]. The protocol is currently under control by the founder. | * [https://www.defisafety.com/app/pqrs/518 From] [[DeFi Safety]] (9-11-2022): | ||
''"Gains Network's v6 update has been [https://medium.com/gains-network/gtrade-v6-update-5b13da3be00 audited] pre-launch, with most minor issues being solved, the one major issue acknowledged being [[centralization]]. For this matter, the protocol will earn 90%. Admin control information could not be found in the protocol's documentation. There are mentions of contracts being upgradeable here, but this is not specified for all relevant smart contracts. There is a mention of pausing opening of new trades opening when a contract is upgraded, but this does not constitute pause control documentation. [[Timelock]] documentation could not be found."'' | |||
*It states in its long-term vision that they plan to become a [[Decentralised Autonomous Organisation (DAO)|DAO]] governed by the $GNS [[token]]. The protocol is currently (11-2022) under control by the founder. | |||
===DAO=== | ===DAO=== | ||
| Line 30: | Line 37: | ||
==Technology== | ==Technology== | ||
*[[Whitepaper]] or docs can be found [insert here]. | *[[Whitepaper]] or docs can be found [insert here]. | ||
*Code can be viewed [https://gains-network.gitbook.io/docs-home/what-is-gains-network/contract-addresses here]. | *Code can be viewed [https://gains-network.gitbook.io/docs-home/what-is-gains-network/contract-addresses here]. [https://www.defisafety.com/app/pqrs/518 From] [[DeFi Safety]] (9-11-2022): | ||
''"The repository gTrade-v6.1 has 2 commits, 1 branch. This gives 0% to the protocol. Other repositories would not have been able to give additional points as none of them had more than 30 commits."'' | |||
*[[Fork]] of [[GMX (GMX)|GMX]] based on [[Arbitrum]] and [[Polygon (MATIC)|Polygon]] | *[[Fork]] of [[GMX (GMX)|GMX]] based on [[Arbitrum]] and [[Polygon (MATIC)|Polygon]] | ||
===How it works=== | ===How it works=== | ||
| Line 49: | Line 57: | ||
* The protocol utilizes a real-time custom [[Chainlink (LINK)|Chainlink]] [[decentralized]] [[oracle]] network (DON). | * The protocol utilizes a real-time custom [[Chainlink (LINK)|Chainlink]] [[decentralized]] [[oracle]] network (DON). | ||
*[https://www.defisafety.com/app/pqrs/518 From] [[DeFi Safety]] (9-11-2022): | |||
''"[[Frontrunners|Front running]] mitigation technique documentation could not be found. [[Flash Loan|Flashloan]] attack mitigation technique documentation could not be found."'' | |||
==Their Other Projects== | ==Their Other Projects== | ||
Latest revision as of 04:26, 16 January 2023
Perp DEX fork of GMX based on Arbitrum and Polygon
Basics
History
Audits & Exploits
- Gains network offers a bug bounty of 100 000$ on Immunefi (live since 3-2022).
- Scored 38%, a fail, on DeFi Safety (9-11-2022):
"There is no coverage of deployed contracts by software function documentation that could be found. There is no traceability between software documentation and implemented code that could be made. No testing evidence could be found in the repository's GitHub. This protocol has not undergone formal verification.
Gains Network's v6 update has been audited pre-launch, with most minor issues being solved, the one major issue acknowledged being centralization. For this matter, the protocol will earn 90%."
Bugs/Exploits
Governance
Admin Keys
- From DeFi Safety (9-11-2022):
"Gains Network's v6 update has been audited pre-launch, with most minor issues being solved, the one major issue acknowledged being centralization. For this matter, the protocol will earn 90%. Admin control information could not be found in the protocol's documentation. There are mentions of contracts being upgradeable here, but this is not specified for all relevant smart contracts. There is a mention of pausing opening of new trades opening when a contract is upgraded, but this does not constitute pause control documentation. Timelock documentation could not be found."
- It states in its long-term vision that they plan to become a DAO governed by the $GNS token. The protocol is currently (11-2022) under control by the founder.
DAO
Treasury
Token
Launch
Token Allocation
Utility
Other Details
- From their docs (31-12-2022):
"The protocol revolves around the ecosystem's ERC20 utility token (GNS) and ERC721 utility token (NFTs). GNS and the NFTs are designed to be actively used within the platform (utility) and to allow ownership of the protocol through revenue capture & governance (soon). It includes GNS holders receiving platform fees through Single Sided Staking, burning of GNS using platform revenue, NFT holders getting reduced spread and boosted rewards, as well as NFT bots executing limit orders and liquidations."
Coin Distribution
Technology
- Whitepaper or docs can be found [insert here].
- Code can be viewed here. From DeFi Safety (9-11-2022):
"The repository gTrade-v6.1 has 2 commits, 1 branch. This gives 0% to the protocol. Other repositories would not have been able to give additional points as none of them had more than 30 commits."
How it works
Fees
- From their docs (31-12-2022):
"Fees are calculated on the value of the total position size (leverage x collateral), with the exception of the rollover fee which is on collateral only."
Upgrades
Staking
Validator Stats
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
- The protocol utilizes a real-time custom Chainlink decentralized oracle network (DON).
- From DeFi Safety (9-11-2022):
"Front running mitigation technique documentation could not be found. Flashloan attack mitigation technique documentation could not be found."
Their Other Projects
Roadmap
- Can be found here.
Usage
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding and Partners
Team
- Full team can be found here and is comprised of pseudonyms.
Funding
Partners
(:
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