Gains Network
GNS
#332
Gains Network (GNS) is a blockchain token whose smart contracts have been unit tested and passed many independent audits from CertiK.
News about Gains Network
06 Jun 2022, 16:37
We predict that more and more people will want private and permissionless trading options as time goes on.
We predict that more and more people will want private and permissionless trading options as time goes on.We predict that more and more people will want private and permissionless trading options as time goes on.
https://twitter.com/GainsNetwork_io/status/1533850262409994246
05 Jun 2022, 16:25
Is everyone aware of our decentralization plans?
Is everyone aware of our decentralization plans.Is everyone aware of our decentralization plans?
https://twitter.com/GainsNetwork_io/status/1533485147030536192
03 Jun 2022, 13:05
Bullish or bearish on GME? Any up and coming stocks to watch?
Bullish or bearish on GME. Any up and coming stocks to watch.Bullish or bearish on GME? Any up and coming stocks to watch?
https://twitter.com/GainsNetwork_io/status/1532709978510970881
31 May 2022, 18:36
Anyone wonder why Gains Network started?
Anyone wonder why Gains Network started.Anyone wonder why Gains Network started?
https://twitter.com/GainsNetwork_io/status/1531706146666561537
30 May 2022, 19:40
Help fellow Gainers and traders out with some tips:
Help fellow Gainers and traders out with some tips:.Help fellow Gainers and traders out with some tips:
https://twitter.com/GainsNetwork_io/status/1531359645784227843
17 May 2022, 14:23
THERE IS NO AIRDROP OR OTC SALE AT THE MOMENT.
ANYONE WHO CONTACTS YOU AND PRETENDS TO BE FROM THE TEAM IS A SCAMMER.
THERE IS NO AIRDROP OR OTC SALE AT THE MOMENT. ANYONE WHO CONTACTS YOU AND PRETENDS TO BE FROM THE TEAM IS A SCAMMER.THERE IS NO AIRDROP OR OTC SALE AT THE MOMENT.
ANYONE WHO CONTACTS YOU AND PRETENDS TO BE FROM THE TEAM IS A SCAMMER.
15 May 2022, 16:57
https://twitter.com/GainsNetwork_io/status/1525883034213486592
13 May 2022, 02:20
Ok guys we have found a very clean solution to prevent any further negative negative consequence on the $GNS token from the PnL and closed trades.
We're disabling the minting on the DAI vault for a few weeks and instead we're sending 50% of LP fees so that the APY is still very attractive and worth it for DAI stakers.
Therefore I removed the minting role from the DAI vault, however it wasn't the perfect solution because it prevents opening trades.
Any open trade can still be closed don't worry, and opening new trades will resume again in 30 hours, just the time for the timelock to finish to give back the minting role to the DAI vault.
Instead, I will put the blocks between refills to such a high amount that refills will never happen, and it will achieve the same goal. This effectively removes any further risk on the $GNS token, and doesn't create additional risk for DAI stakers as they receive 60%+ APY right now.
This is the only solution from more than a dozen ones we've evaluated that was acceptable and that seriously eliminates any further panic risk in the very short-term, it will be the foundation for the next following weeks during which we will focus on removing positive PnL altcoins and turning the PnL curve back into profitable territory for the protocol.
I really feel we've done an insanely great job at brainstorming this. We're keeping the best of all worlds, removing all risks, but still allowing volume on the trading platform and normal activity to continue!
💪💪
Ok guys we have found a very clean solution to prevent any further negative negative consequence on the $GNS token from the PnLOk guys we have found a very clean solution to prevent any further negative negative consequence on the $GNS token from the PnL and closed trades.
We're disabling the minting on the DAI vault for a few weeks and instead we're sending 50% of LP fees so that the APY is still very attractive and worth it for DAI stakers.
Therefore I removed the minting role from the DAI vault, however it wasn't the perfect solution because it prevents opening trades.
Any open trade can still be closed don't worry, and opening new trades will resume again in 30 hours, just the time for the timelock to finish to give back the minting role to the DAI vault.
Instead, I will put the blocks between refills to such a high amount that refills will never happen, and it will achieve the same goal. This effectively removes any further risk on the $GNS token, and doesn't create additional risk for DAI stakers as they receive 60%+ APY right now.
This is the only solution from more than a dozen ones we've evaluated that was acceptable and that seriously eliminates any further panic risk in the very short-term, it will be the foundation for the next following weeks during which we will focus on removing positive PnL altcoins and turning the PnL curve back into profitable territory for the protocol.
I really feel we've done an insanely great job at brainstorming this. We're keeping the best of all worlds, removing all risks, but still allowing volume on the trading platform and normal activity to continue!
💪💪
12 May 2022, 15:12
Upcoming AMA with @Luna_Man guys, don't miss it.
Upcoming AMA with @Luna_Man guys, don't miss it.Upcoming AMA with @Luna_Man guys, don't miss it.
https://twitter.com/GainsNetwork_io/status/1524769235578273792
12 May 2022, 13:48
Blow this up guys we want as many people as possible to know about our staking pools!
Blow this up guys we want as many people as possible to know about our staking pools.Blow this up guys we want as many people as possible to know about our staking pools!
https://twitter.com/GainsNetwork_io/status/1524748254545555457
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