Gains Network (GNS)

From CryptoWiki

Perp DEX fork of GMX based on Arbitrum and Polygon

Basics

  • Based in:
  • Started in / Announced on:
  • Testnet release:
  • Mainnet release:

History

Audits & Exploits

"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

"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

"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

"Front running mitigation technique documentation could not be found. Flashloan attack mitigation technique documentation could not be found."

Their Other Projects

Roadmap

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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