KIP-132: Gains Network Integration

Simple Summary

The proposed change involves Kwenta to prioritize a Gains Network integration for its Onchain Perps Marketplace to expand its offering through gTrade’s wide variety of pairs, RWA trading, deep liquidity, and high leverage. The prioritization of a Gains Network integration as a liquidity source follows the Perennial and Synthetix integrations, specifically focused on Arbitrum-native liquidity.

Abstract

Gains Network is excited to welcome Kwenta to the Arbitrum ecosystem. This KIP seeks for Kwenta DAO’s approval for the Kwenta team to prioritize the integration of gTrade contracts into their UI and aggregator. By becoming one of gTrade’s early Smart Contract integrators, Gains Network will give Kwenta a dynamic fee share up to 40% and continuous support alongside each protocol upgrade.

Motivation

Gains Network is the mother protocol of gTrade, a fully on-chain perpetual futures exchange that has been live on Arbitrum since January 1st, 2023. To date, gTrade has settled over $73.5 billion of notional volume across commodities, forex, and crypto pairs.

Specification

For more information, visit the: Kwenta State Log