Gets Network and Fluidity Money partner to improve crypto trading opportunities
Gains Network, a liquidity-efficient, powerful and user-friendly decentralized traded trading platform, has teamed up with Fluidity Money, a decentralized finance (DeFi) protocol that users can wrap in exchange for Fluid Assets.
The goal of the partnership between Fluidity Money and Gains Network is to enhance gTrade’s leveraged trading capabilities via the incorporation of Fluidity’s new return-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 range of trading options. In turn, Fluidity Money’s fDAI is expected to see an increase in users as a result of this expansion.
The Atlantic Embassy
Fluidity Money’s Atlantean Embassy is a collaborative initiative that will unite pioneering DeFi companies such as Gains Network to promote development, collaboration and ecosystem expansion.
By joining the Atlantean Embassy, the Gains Network will be able to use the special return-generating process Fluidity Money by adopting fDAI and establishing an fDAI vault.
The Liquid 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 the Gains Network will be potentially profitable.
Potential for traders to employ fDAI for leveraged positions
It is possible that in the near future gTrade traders will be able to use fDAI for their leveraged positions, improving the efficiency of their return strategy and in turn their trading experience.
Fluid Assets, or packaged stablecoins, can be acquired by depositing stablecoins such as DAI, USDC and USDT into Fluidity’s WebApp. These liquid funds are tied to the underlying asset at a 1:1 ratio and are exchangeable like any other ERC-20 token, rewarding virtually any exchange of value on the chain. Users can only earn incentives when they use their digital assets; therefore returns can only be achieved via transactions.
Shahmeer Chaudhry, CEO of Fluidity Money, stated:
“By partnering with Gains Network and integrating fDAI into their gTrade platform, we are excited to provide users with more value while expanding the use of our Fluid Assets,”
Lunaman, Business Development at Gains Network, commented:
“Fluidity Money’s unique approach to generating returns 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 store fDAI, which will also facilitate new trading methods, in a secure vault. As the relationship deepens, users of both platforms can access new options, such as enhanced rewards and incentives.
