gTrade Expands to Base: A Strategic Rollout
With the launch of gTrade on Base, Gains Network carefully structured a bootstrapping phase designed to foster growth and liquidity. In this post, each key pillar of the campaign will be outlined. Read more to find out what gTraders can expect over the coming weeks.
Launch
The initial phase of the gTrade x Base deployment will feature a single gUSDC vault. This choice is driven by the growing popularity of USDC on Base, ensuring a stable foundation for liquidity. To maintain healthy vault conditions from day one, a portion of the over-collateral layer, which is protocol-owned, will be migrated from Polygon to Base. This strategic move will support the vault’s health as gTrade is being introduced to this new chain.
Liquidity Development
gTrade is proud to announce its first partners on Base: Timeswap Labs and Maverick Protocol.
These partnerships will be key drivers of liquidity on the platform and gUSDC’s utility.
Users will have the opportunity to contribute to the gUSDC / USDC liquidity pool and earn rewards on Maverick Protocol. Additionally, they can take out loans using gUSDC as collateral or lend their USDC through Timeswap Labs.
Stay tuned and follow @GainsNetwork_io on X for more information as details are being finalized and pools are getting rolled out.
Gov Fund Bootstrapping
For the first four weeks of gTrade’s Base deployment, Gains Network’s governance fund (treasury) will receive enhanced support through the Buyback and Distribute mechanism. This will allow the protocol to grow its treasury on Base during this critical early phase.
At the conclusion of the four-week period, $GNS staking on Base will go back to baseline distributions, with stakers receiving $GNS rewards using the same distributions as found on Arbitrum and Polygon.
Trading Competition
To kickstart activity on Base, gTrade will host a trading competition with a prize pool in $GNS.
This competition is an exciting way to welcome Base-native traders into the Gains Network community and highlight the potential of $GNS — a deflationary token that captures 55% of the protocol’s revenue.
Details on the competition will be announced soon, so keep an eye out for the official launch!
The $GNS Bridge
Finally, gTrade will implement a $GNS bridge, allowing users to transfer $GNS between any of the supported chains. This will provide flexibility for $GNS holders as they navigate the different ecosystems in which gTrade operates.
