Gains Network, a liquidity-efficient, powerful, and user-friendly decentralized leveraged trading platform, has teamed up with Fluidity Money, a spend-to-earn decentralized finance (DeFi) protocol that allows users to wrap stablecoins in return for Fluid Assets.
The goal of the partnership between Fluidity Money and Gains Network is to improve gTrade’s leveraged trading capabilities via the incorporation of Fluidity’s novel yield-generating mechanism, fDAI, and the development of an fDAI vault, according to information shared with Finbold on March 17.
Thanks to this agreement, traders using the gTrade platform will have a wider variety of trading options. In turn, Fluidity Money’s fDAI is expected to see an increase in users as a result of this expansion.
The Atlantean Embassy
Fluidity Money’s Atlantean Embassy is a collaborative initiative that will unite cutting-edge DeFi companies like Gains Network to promote development, cooperation, and ecosystem expansion.
By joining the Atlantean Embassy, Gains Network will be capable of using the special yield-generating process of Fluidity Money by adopting fDAI and establishing an fDAI vault.
The Fluid Switch on the fDAI vault will become operational for members of the Atlantean Embassy as soon as it is made available to the public, and any fDAI investments made to Gains Network will be potentially yield-bearing.
Potential for traders to employ fDAI for leveraged positions
It is possible that, in the near future, gTrade traders will be able to employ fDAI for their leveraged positions, improving the effectiveness of their return strategy and, in turn, their trading experience.
Fluid Assets, or wrapped stablecoins, may be acquired by depositing stablecoins like DAI, USDC, and USDT into Fluidity’s WebApp. These Fluid Assets are pegged to the underlying asset at a 1:1 ratio and may be exchanged like any other ERC-20 token, rewarding practically all on-chain value exchanges. Users can only get incentives when they use their digital assets; hence yield can only be earned via transactions.
Shahmeer Chaudhry, CEO of Fluidity Money, stated:
“By partnering with Gains Network and integrating fDAI into their gTrade platform, we’re excited to bring more value to users while expanding the adoption of our Fluid Assets,”
Lunaman, Business Development at Gains Network, commented:
“Fluidity Money’s unique approach to generating yield through transactions aligns perfectly with our vision for gTrade, creating an even more appealing platform for decentralized leveraged trading.”
All in all, users will be able to save their fDAI, which will also facilitate novel trading methods, in a secure vault. As the relationship deepens, users of both platforms may get access to new options, such as enhanced rewards and incentives.