/biz/ - Business & Finance

bls sir redeem the staking. I need monies

>>50235762
>$1000 minimum bet size
i don't trust your smartcontract that much

how does 1000x leverage even work when slippage is higher than your liquidation point.

>>50235952
That's total position size
So $10 at 100x would work

>>50236048
>100x
>liquidation at +-1%
>slippage 2%
???
100x is retarded for anything more than straight gambling; which means in reality the minimum bet size is closer to $100 for 10x.

and for what justification?
why does gtrade care? it's all smart contract, why have a minimum order size at all? if a user wants to pay the fee it should execute.

because jewry that's why, because they plan on stealing your money at some point.

>>50236115
minimum bet size is to allow a large enough fee to pay the link oracles and bot runners so that they aren't losing money on executing trades. drawback of decentralization.

>>50236175
>minimum bet size is to allow a large enough fee to pay
and that needs to be $200 at a reasonable 5x leverage?

it needs to be $10 even at 1000x?
why does how much leverage i'm using even matter for minimum bet size at all?

why does the gas cost more for my $10 x 1000x bet vs my $10 x 5x bet?

how much fucking gas does the smartcontract use?
how stupid do you think I am?

>>50236175
they're encouraging you to use retard lmao leverage with that minimum bet size because they're going to liquidate you not because the bet lost but because it's a scam and they're front-running the transaction or doing some other shady shit in the background
>muh smartcontract is law
bet anything that smartcontract is filled with knobs the dev's can turn to fuck you over in every conceivable way; including freeze the entire system.

should we really do a full smartcontract analasis and go line by line on the gtrade smartcontract for all of /biz/ to see?

I think we should.

>>50236231
leverage matters because fees are paid on total position size. literally EVERYTHING that happens is onchain, so smart contracts are beefier than usual but still lean for what they are doing.

>>50236277
front running is impossible. This isn't an orderbook or an amm. Price comes from exchanges like binance, coinbase, etc.

Smart contracts are audited by certik, which i'll admit, doesn't mean too much. But you can go ahead and do your own little audit if you want.

>>50236277
>>50236175
https://polygonscan.com/address/0xd7052EC0Fe1fe25b20B7D65F6f3d490fCE58804f#writeContract
>setSwapFeeP
5 minutes and there's just one method they can rug the entire system just like anyother shittoken

https://polygonscan.com/address/0xd8D177EFc926A18EE455da6F5f6A6CfCeE5F8f58#writeContract
>setLimitOrdersTimelock
>setMarketOrdersTimeout
oh great; so now the smartcontract is going to control how quickly I can post orders too right? and it's changeable by the dev?

get the fuck out of here faggot

would not buy

>>50236370
>Smart contracts are audited by certik
i don't give a fuck i'm reading the smartcontracts right now.
you can rug this entire project in 25 different ways

https://polygonscan.com/address/0x6e5326e944F528c243B9Ca5d14fe5C9269a8c922#writeContract
>addFee

this isn't defi at all. this is a CEX on smartcontract. you can do all the same shady shit a cex exchange can.

>>50236231
Yeah go use centralized entities. Theyve been doing so well recently.
>nexo
>celsius
>kucoin
Not to mention all the scamwicks on centralized leverage trading platforms. You are so smart to use those entities.

>>50236370
https://debank.com/profile/0x211999e5ee74af3e8dacbcd5c4e608cd7d8086fa

nice to know the dev wallet has 2 million fucking dollars in it..

how much money does it cost to come up with a smart contract?
what are the total lines of code on this. 5000? how big is the development team?

>>50236452
> Theyve been doing so well recently.
the minimum pair size on kucoin on futures is $0.10 and fees are 0.02%

and even kucoin doesn't offer 1000x scam leverage or encourage the use of 100x.

right from the beginning gtrade instills fomo with those pair minimums. and fomo = fraud

>>50236466
Tbf, half is from gns. Platform's been running for a while now, so it makes since that the devs get paid for their work.

5 devs and a few others who help with other shit.

>>50236452
there's also a name and a face behind the CEO of kucoin; and if he fucks up hard enough he'll go to jail just like the luna dude is gonna go. who is in charge of gtrade?

who controls the 2 million dollar dev wallet?

>>50236574
>5 devs and a few others who help with other shit.
2 MILLION DOLLARS
are you paying them $400k/year?
to do what? the smartcontract is already written.

>>50236556
Kucoin needs kyc and theyve been doing sketchy shit recently with not allowing some withdrawals.
You are free to use 5x leverage on gns. Nobody is forcing you to use 1000x (which is only available on forex pairs). Offering extreme leverage isnt fraud. Scamwicks (ftx) are fraud.
Withholding customer funds (kucoin) is fraud.

>>50236574
>>50236613
oh this must be the payscale. $100k per week.
to where? god knows where; the "bridge" it goes into the fucking ether.

who is the CEO of gtrade?
who is getting paid $200,000 per week from the dev wallet?

>>50236613
That money has been made over the course of years. Why do you think they have to spend all of it yearly? Some goes towards paying developers ofc, some goes towards marketing, trading competitions, etc. And at the end, there's still going to be money in the wallet, as they'll need to pay devs the next year, and the year after that.

>>50236679
a $200 pair minimum (but hey, at 1000x it's only $10, play now!) is illegal in most juristictions for a reason. not because leverage is bad; but because the temptation to defraud people at that point is too easy; and you have every method at your disposal via this "defi" smartcontract to do it.

>Withholding customer funds (kucoin) is fraud.
THERE'S HALF A DOZEN SMARTCONTRACT METHODS YOU CAN USE TO FREEZE GTRADE AND LOCK ALL FUNDS INSIDE IT

>>50236589
Nobody goes to jail in tradfi either, faggot. And do you really cefi sam bankman would ever go to jail with his connections?
Sebastian has a protocol that makes millions of dollars a month. Why would he kill his golden goose?
>>50236613
They're making a one of a kind revolutionary product that actually provides a product, unlike 99% of crypto. Why the fuck shouldn't they profit off this, you fucking communist.

>>50236704
can you link the polyscan? I want to see this.

>>50236761
>THERE'S HALF A DOZEN SMARTCONTRACT METHODS YOU CAN USE TO FREEZE GTRADE AND LOCK ALL FUNDS INSIDE IT
And hes got no incentive to do so. The protocol makes money.
Minimum trade size will decrease with scaling, but either way, if you cant put up $200 for trading you must be a third worlder lmao

>>50236798
https://debank.com/profile/0x211999e5ee74af3e8dacbcd5c4e608cd7d8086fa/history?chain=eth&token=0x6b175474e89094c44da98b954eedeac495271d0f_DAI

>>50236814
>And hes got no incentive to do so.
who is he?
what is his name?
which country does he hold citizenship in?

>>50236814
>if you cant put up $200 for trading you must be a third worlder lmao
do you think I'm going to put a $40,000 position onto an experimental smartcontract with a dev team of...... 5 PEOPLE

that are paid $400K/year apparently
it seems like that money could be better spent employee wise and the management is fucking incompetent and/or just out to scam people.

Don't know why people are so ass blasted about the leverage. You don't HAVE to do 1000x leverage, and that's only avaliable for forex anyways.

>>50236880
>do you think I'm going to put a $40,000 position onto an experimental smartcontract with a dev team of...... 5 PEOPLE
No, I dont, because you've been bitching this whole thread. Position size is $1000, bud. One day at work should net you the $200 required.
>>50236837
Yeah dev anonymity is one of the biggest weak points of this project, I'll admit. We dont anything more than he is sebastian from switzerland. But I've used the platform and I like it. The dev has worked tirelessly for the past year and a half and it shows. Theres nothing else like it. I dont trust sam bankman the jew with my money.

>>50236951
freedom to use whatever lev they please = scam

>>50236951
OH NO INSTEAD YOU CAN SINK $500 INTO A 2X POSITION AND THEN GET LOCKED OUT FOR 25 MINUTES BECAUSE DEV HIT
>setLimitOrdersTimelock
>setMarketOrdersTimeout
OOPS
SORRY BROS CAN'T CLOSE THAT POSITION IN THE PROFIT

>>50236951
and where are you located that you think your going to trade straight stock options and still maintain a DNS registrar with no license?
>1. you can kill trading on gtrade
>2. you can withdraw all funds on gtrade at anytime
>3. you can prevent the closing of positions on gtrade
the moment the regulators fart in the dev's general direction he's going to piss himself and runaway with the money.

>>50236989
Theres no precedent for him doing that. In the past when polygon was shitting itself the dev actually reimbursed guys who tried and failed to close out trades.

>>50237080
it'll bet it's a fucking bulgarian; eastern europe is the only place where people think they can get away with selling fake apple options without any form of regulation and get away with it.

you can't even do this shit in singapore.

>>50237095
>him
who?

>>50237145
Sebastian, the dev.

>>50237118
they're not selling options. essentially you're betting on price movement. nothing but DAI ever changes hands.

plus sec can lick my balls

>>50237181
>Sebastian
>slav confirmed
Sebastian what?
from which country?

when the system goes poof, who exactly in charge? in what juristiction? which government can put pressure on the dev?

>>50236466
Seb has been working literally 24/7 for almost 2 years now with no pay on cutting edge tech at the forefront of DeFi. Now that the platform is generating revenue you are salty that he is paying himself and the other devs on the team?

Do you also think every DeFi protocol founder is working for free and is a brokey eating ramen while they run billion dollar protocols?

>>50237231
>Seb has been working literally 24/7 for almost 2 years now with no pay on cutting edge tech at the forefront of DeFi.
no he hasn't. he's been releasing rug coins for the past 2 years and now that the well has dried up he thinks he's going to switch over to something halfway legit; but of course payments are going everywhere and there's no names on anything but
>just trust us guys
when the smartcontract isn't some work of modern engineering; it's literally full of fucking security holes

>>50236989
it's done over 14 billion in volume. If what you're saying is true about him being able to rug, which I'm not sure it is, he would have done it long ago. There was a position in millions of profit a while back that almost bankrupted the platform that was still paid out.

Plus it's been endorsed by polygon pretty heavily.

>>50237231
>Do you also think every DeFi protocol founder is working for free and is a brokey eating ramen while they run billion dollar protocols?
no; they're working from countries with no fucking law where they can profit from literally rugging and scamming people without recourse; then; when they have enough money; they release a "real" project where magically funding appears from fucking nowhere, which they then proceed to rug anyway; because they're incompetent evil criminals and will never rise above that.

name a single defi dev that got there through hard work and not magical VC money that came from nowhere.

>>50237278
why would he rug it on the uptick? right now he's perfectly content to milk the $200,000 per week from the fee and/or user deposits.

once regulators turn the dial or he thinks there's any kind of risk coming he's way it's game over. he's a coward. you can't run an exchange without putting your name and face out there.

he's already hiding his name, location, and any form of country location because he's terrified of the law finding out who exactly he is. the moment that happens; he's gone.

>>50237231
>cutting edge tech at the forefront of DeFi. Now that the platform is generating revenue you are salty that he is paying himself and the other devs on the team?
correct
i don't think your 10,000 lines of spaghetti solidity code is worth 2 million dollars.
i think a pajeet could write it in 2 weeks for $1000

>>50237419
why are you basing value on lines of code? why not base it off of volume?

>>50237278
>There was a position in millions of profit a while back that almost bankrupted the platform that was still paid out.
how is this possible?
i thought gtrade was fully self contained? that ALL profits were MAGICALLY covered by the MAGICAL SMARTCONTRACT

guess not; gtrade doesn't have the funding to pay out on it's retard lmao leverage if everyone wins. which is again; why it's usually banned; not because leverage is bad; but because scumbag exchanges never have their shit together to cover it.

>>50237458
volume?
>>50237219
>they're not selling options. essentially you're betting on price movement. nothing but DAI ever changes hands.
here is no volume your meme numbers don't mean shit when you can't cover it.

you would not stand up to any kind of audit; or even law for that matter if we start digging hard into wallets and how the money is actually flowing. which is why the dev is cowering in some hold in eastern europe fucking a tranny; probably in ukraine.

>>50237310
This is literally what DeFi is about. Anon teams with community incentives.

It would not be possible to create a truly decentralized derivates platform without anon. That's why dydx is banned in USA and is now panicking to build their own chain before they get blocked out of the ETH network.

If you don't like DeFi that's fine go use centralized exchanges. You are clearly not the target market. The point of gTrade is that you have self Custody, no KYC, and no less control than at a CEX. Which could also BTW cancel your trades, seize your funds, etc at the drop of a hat.

>>50237478
My bad, exaggerated with the "almost bankrupted". The DAI vault took a hit and become undercollateralized for a few weeks. There has not been a single winner who didn't get their payout.

>>50237227
Hes from switzerland. Yes, he is anonymous, weve established that. I am willing to take on that level of risk, though, as I think it is less than the risk of using other leverage platforms.

>>50237535
>The point of gTrade is that you have self Custody
THERE IS NO SELF CUSTODY ON GTRADE WHEN THE DEV CAN
1. SUSPEND TRADING ON GTRADE
2. PREVENT YOU FROM CLOSING POSITIONS
3. WITHDRAW ALL FUNDS WHILE YOUR POSITIONS ARE UNABLE TO BE CLOSED

but that's just it isn't it. lure them in with the magic of defi. you only know it's a rug when you try to redeem
>the slippage was too low

>>50237505
>you can't cover it
$14 billion has been covered for

>>50237262
You outed yourself as a malicious liar with this post. How can you claim the dev has been releasing drug coins for the last two years when you are also claiming nobody knows who he is?

>>50237571
where is it in the smart contract that the dev can't just flat out set tax 100% and be fucking done with it.

that's right; IT ISN'T THERE
HERE IS WHAT IS HERE:
>>50236372
>setSwapFeeP
5 minutes and there's just one method they can rug the entire system just like anyother shittoken

https://polygonscan.com/address/0xd8D177EFc926A18EE455da6F5f6A6CfCeE5F8f58#writeContract
>setLimitOrdersTimelock
>setMarketOrdersTimeout
WHERE ARE ANY USER PROTECTIONS AGAINST DEV SCAMMING AT ALL

THEY AREN'T THERE
BECAUSE THE DEV ALWAYS WINS

>>50237602
because there is only reason someone named "Sebastian" would be releasing an entire exchange around a smartcontract that's so fucking absurd nobody has done it before; without releasing his name, or country, or contact information at all; or any explanation of where the dev money is going; or exactly why 5 programmers are getting paid $400k/year, or exactly why the smartcontract is filled with 50 different ways he can rug it.

because he got his money scamming like everyother piece of shit solidity dev did during the bullrun; and now shit is about to hit the fan and they can't do it anymore.

who funded gtrade?
where did the initial capital come from?

>>50237642
it wouldn't suprise me at all if gtrade doesn't exist to actually trade; it exists to launder "Sebastians" shitcoin rug money through so binance does ban his accounts immediately for touching it

>>50237642
>where did the initial capital come from?
It was one guy writing code who made a token and starting writing code. You dont need capital for that. Anyone can do it.
>if you have money you have a history of scams
^Literally what you implied^

>>50237642
see >>50236740

>>50237572
>>50237607

You must be a special kind of retards.

>>50237726
>>50236740
>>50237726
bullshit
i'm about to spend the next week following every single transaction on that dev wallet

>>50237735
your about to be exposed for the fraud you are faggot

>>50237735
They might work for ftx or someone else. Look how passionate they are about a project they dont believe in. >>50237760 hes going to spend weeks following finds for a project he doesnt like

>>50237719
can you short GNS on gtrade?
IMAGINE THAT

>>50237818
>>50237818
>>50237818
WITH ALL THIS MAGICAL SYTHETIC LEVERAGE YOU DON'T HAVE TO ACTUALLY HAVE RESERVES TO COVER YOU SHOULD HAVE NO PROBLEM ADDING GNS IMMEDIATLY RIGHT?

LOW LIQUIDITY SHITCOIN?
NOT A PROBLEM ON GTRADE!!!! 1000X NOW PLAY TODAY

GNS?
ohnonononono

>>50237760
>>your about to be exposed for the fraud you are faggot

Is this Sebastian in the room with us right now?
Retard confirmed.

>>50237818
>>50237850
It could pretty easily be added. But why would you want that? Besides the conflict of interest, GNS itself doesn't have that much liquidity, so its price could be manipulated easily to win the trade.

>>50237866
yes, he's in this thread right now, trying to scam hardworking /biz/ anons out of their cryptos with a fraudulent and illegal product.

>>50237080
>your going to trade straight stock options and still maintain a DNS registrar with no license?
Good thing you aren't trading stock options on gTrade, everything is synthetic. How is betting on price movements on a stock without ever touching the stock illegal? On gTrade you aren't trading securities because you never once actually own the security

>>50237878
>But why would you want that? Besides the conflict of interest, GNS itself doesn't have that much liquidity, so its price could be manipulated easily to win the trade.
So I can short GNS obviously; but then 99% of all trades on gtrade would be GNS shorts; and GNS would be unable to cover them and fail; because they never had the reserves to cover the leverage to begin with; which is why this is an illegal exchange and the dev shits himself at the thought of an SEC or CFTC audit. or any audit in any country for that matter; because this system is fucking ridiculous.

>>50237850
You don't see the conflict of interest if gTrade allowed users bet on the GNS token?

>>50237886
I'm now convinced that you have a significant stake in the project and that you're just self fudding.

>>50237888
>On gTrade you aren't trading securities because you never once actually own the security
No; instead your trading a security of a security; which is EXTRA illegal.

a short on gtrade is literally a shittoken within a shittoken within a shittoken.

>>50236115
take your meds, seriously. Slippage isn‘t 2%, lying GMX nigger. Kys asap.

>>50237917
do you not see the problem of an exchange platform's token; which is so intrical to the operation of the exchange; being so weak it's unable to withstand people synthetically shorting it on some meme platform? They aren't even real shorts!

>>50237946
>No; instead your trading a security of a security; which is EXTRA illegal.
Please cite the specific law that explicitly states what gTrade is doing is illegal. You can't because there's no regulations on this type of stuff. We'll see what happens in the future but you can't claim this is illegal right now when there's no laws about this stuff yet.
>>50237946
>a short on gtrade is literally a shittoken within a shittoken within a shittoken.
Yes and you can exchange that shittoken for real money so what's your point? Every crypto token is a shittoken.

>>50237914
There is a max open interest per pair and a max profit of 900%. And 8.5$ mil in DAI vault. Currently overcollateralized.

>>50237992
>Slippage isn‘t 2%
>LIQUIDATION AT 1000X IS 0.1%.
don't worry guys we just default to 1% slippage so you can autonuke your position.

>>50237998
If you're so concerned with the dev being able to rug the protocol at any moments notice, why would you want them to be able to dump all of the GNS tokens at once while opening a max leverage short on gTrade, draining the DAI vault?

>19 posts by this ID
It's very obvious to me you aren't an honest actor and you have ulterior motives.

>>50237914
>illegal
Illegal where? Your big talking point is we dont know where the dev operates out of.

>>50238062
the dev doesn't need to dump the GNS tokens he already has FULL CONTROL OVER THE ENTIRE DAI BAG AND FULL CONTROL OVER THE GNS LP
this said unknown dev "Sebastian" from an undisclosed location doesn't need to "dump" anything.

>>50238096
He can't just drain the entire $9 mil DAI vault into his own personal wallet.

>>50238051
All this bullshit for what?
You don't believe in the project? Fine, don't buy it.

Are you worried that we're going to be rugpulled and you're trying to save us?
My retarded heroooooooooo!!! <3

>>50238081
>Illegal where?
everywhere.
there isn't a single country in the entire world that would allow this.

nigerians would drag the dev to the streets and tire him after being scammed out of only a few 1000x bets

>>50238129
cite me a law that says this protocol is illegal. until then you're just speaking out of your ass.

>>50238112
>He can't just drain the entire $9 mil DAI vault into his own personal wallet.
he actually can; the DAI vault is his personal wallet

>>50238159
he actually can't though.

>>50238128
>You don't believe in the project? Fine, don't buy it.
this is not sufficient; scammers and unsavory eastern Europeans should be imprisoned for their crimes. they have destroyed retails faith and destroyed the bull run.

>>50238225
he actually can though he has full control over the wallet and atleast 10 smartcontract functions at his disposal along with having the private keys to the vault itself

>>50238256
show me proof he has full control over the wallet and i'll believe you

>>50238267
show me proof he renounced ownership of all smartcontracts in this fucked up 6 smartcontract speghetti code eco system it's got going

PROTIP: he didn't

Why do you dumdums reply to this thread when there's lyra finance

>>50238316
you must have some sort of evidence, you wouldn't just make stuff on the internet now would you? i was open to being convinced but i can see you don't even have evidence to back you up.

>>50238409
So... I can trade ETH? That's it?

>>50238481
>evidence
just read the smartcontract retard
these people play on you being too stupid to read it's not that hard

I mean at this point it’s pretty clear to everybody Gns is a straight up scam at worst and or so bad it might as well be as scam at best. It’s really obvious its only bagholders shilling this shit. Not only is the token not needed, but the entire platform isn’t. Fuck it’s so obsolete you can even future trade on pancakeswap at this point.

>>50238731
>it’s so obsolete you can even future trade on pancakeswap at this point
Not in the US you can't. Decentralization at its finest.

>>50238731
this. i sold all my gns when the luna shit went down and bought gmx at the bottom

>>50238691
Show me and I’ll dump my whole bag right now

what do we think it's gonna be anons? any surprises?

>>50240023
i too wonder what wonders a 5 programmers that make $400k/years and presumably have doctorates in both finance and computer science are capable of producing.

>>50240099
lol, lmao

why are fees still not being distributed to token holders

>>50238691
screenshot and post the part of the code that lets the devs drain the dai wallet into whatever wallet they want and I will personally send you crypto.

>>50240336
>why are fees still not being distributed to token holders
see
>>50236466
>>50236704

>>50240351
see
>>50236372
>>50236404
not to mention they haven't renounced ownership of any of the smartcontracts including the dai vault

GNSisters… have we been btfo?

>>50240725
yes, selling everything at this very moment

>>50238031
>And 8.5$ mil in DAI vault. Currently overcollateralized.
>>50237590
>$14 billion has been covered for

....
> Currently overcollateralized.
how does the magic dai vault with only 8.5 million dollars cover 14 billion dollars in volume?

are you telling me your only holding 0.06% reserve funds?
not 1%
not 0.1%
0.006% reserve funds on 1000x leverage

>>50241161
congratulations anon, you figured out what capital efficiency means in the OP

>>50241161
you‘re literally mentally ill, dude. Seek help.

>>50241161
>And 8.5$ mil in DAI vault.
Wait rofl
so if I go to gtrade right now
and I post 1 $8500 1000x bet, literally a 50/50 coin flip....

$8500 x1000 is 8.5 million;
that's the entire fucking reserve fund

i would single handily BANKRUPT the dai vault if I win

what a joke

>>50241314
>>50241323
something tells me I wouldn't win is how the system solves this. that $8500 would find it's way into the dev wallet and out to his personal wallet in one of the weekly $200,000 payroll payments for a 5 man dev team

>>50241323
>>50241372
max win is 900% rofl did you even look into this

>>50241323
>1000x
>50/50 coin flip
You must be really stupid

Not to mention the limit for a win is 900% of your collateral

>>50241445
>max win is 900%
okay genious
so instead of 1 $8500 bet I just get 100 wallets and make 100 individual 1000x bets. what are the dev's going to do; force close my position against my will? reject me on defi?

>>50241161
anon… that’s just volume….

>>50241505
the point is the platform does not have the funds to cover any series of wins by it's userbase.

if there's a 10x cap; great, i can bankrupt the entire dev wallet with $850,000

that means; the ENTIRE USERBASE can only win $850,000 worth of 1000x trades at once; anymore than that it's game over.

less than 1 million dollars in volume and gtrade implodes

>>50241472
no you're right anon you cracked the code. you are the very first person to figure this out and are on the road to becoming rich. I am pulling all of my trades from gTrade and selling my GNS.

>>50241546
maybe i should just copy paste gtrade and on my trade; gtrade_2.0 you can short GNS

>>50241539
Please try to bankrupt the vault then. If it's so easy then the 8.6M is yours. Post proof after.

The fact that it can settle 14B volume with 10M vault just proves it works. 6.1 updates improved the risk controls as well.

This weak ass FUD is so bullish

>>50241539
How many people are going to yolo 850k in a 1000x? The collateral is also capped at 75k or so per trade. And most who try will lose

>>50241635
>850k
>the entire 1000x "vault" can only cover the market cap of a single shittoken

>>50241323

What a total dipshit.

>every profitable trade has been paid out since gains launched
>max open interest on pairs is a thing, no your idiot play would not bankrupt the platform
>when seb owed millions to Luna shorters he paid them
>polygon is working with Seb right now on future plans and their reps are present in the TG
>polygon has awarded Gains multiple grants
>polygon has pitched having Gains as a dapp on their new phone

Your really grasping at straws. Polygon knows who Seb is. They are working with him. They seem to be happy Gains is in their ecosystem.

Your fud is weak, your a faggot, and gains is the superior trading platform.

End of story.

>>50241729
>Polygon network endorses selling unregulated securities of Apple stock
we'll see how that plays out

>>50235762
token not needed besides being printed to oblivion to cover an unsustainable dai vault.

ouhhhhh…..husbant…
someone crosu their usd/jpy longu….
daiu varuto….101.1% purusentu….
now we are homeress…….

>>50241875
Your FUD is that governments won't like GNS?

You are the special kind of retard that wouldn't have bought Bitcoin in 2013 because it was used by "criminals and terrorists"

Have fun staying broke and blowing regulators and governments

>>50241905
fair point (until SSS 2 more weeks tm) but it isn't used to refill vault anymore.

>>50241937
>says the dev who thinks he can run a futures exchange offering 1000x leverage on stocks while keeping his identity completely secret and only maintaining enough reserve for 850k volume while sending himself $200,000 per week to blow on hookers and coke in eastern europe

>>50241982
just wait until its under 100% again.

>>50236277
What don't you understand about the fact that link nodes have to get paid hence a minimum collateral size?

>>50236404
>you can rug this entire project in 25 different ways
Care to enlighten us on a few of those?

>>50242025
>What don't you understand about the fact that link nodes have to get paid hence a minimum collateral size?
how much?

>>50242022
it's been steadily refilling for weeks on end without minting gns wdym?

>>50242055
>import dai vault into metamask
>send

>>50241995
1000x is on forex you autist. Not stocks. You are trying so hard and spending so much time to FUD the platform and you don't even know how it works. Take your meds you schizo

>>50242062
It refilled because it was offering a very high apy.

>>50241995

Jannies just banned me after one post. Someone's scared. This is a coordinated FUD thread.

Cocksucker listen up. We don't have 850 million volume daily volume. One day, maybe... As we get more volume the fees will increase making the dai vault more attractive because fees are paid to stakers. As the APY goes up more dai gets deposited and our vault can handle even bigger trades. Your too stupid, agenda filled, and smooth brained to realize how ignorant you are.

Dev gets part of the fee. Yes I guess in your perfect world retards work for free. Dev can sacrifice for two years and build and he deserves his fee. Stop polluting our world with your idiocy and kys.

>>50242134
>As the APY goes up more dai gets deposited and our vault can handle even bigger trades. Your too stupid, agenda filled, and smooth brained to realize how ignorant you are.
there's laws around minimum reserve amounts on derivatives exchanges (which you are nowhere near meeting) for a reason faggot

>>50242134
>Dev can sacrifice for two years and build and he deserves his fee.
>WAHWAHAWAH DEV DESERVES $200,000 PER WEEK FUCK THE RESERVE

>>50237706
Wut lol? You know you can just go to the telegram and read the 10s of thousands of messages of people talking about trading on it, things they'd like added changed, etc. right? Also, why are you so mad? You've spent hours reeeeing you're little heart out over 27 posts now. Its friday, you're either a burger with no job, or a europoor with no friends who sits at home on biz friday nights.

>>50242196

The MAX OI ON PAIRS PREVENTS ANY TRADERS FROM EXCEEDING THE VAULT CAPACITY.

Crypto can innovate around the problems of tradfi if you don't like the solution go trade on a aids filled scamwick infested cex like FTX if you want.

>>50242222
Highly intelligent response. Thank you for your contribution

>>50237818
Price data comes from 7 different exchanges (this is so the data can't be manipulated), how the hell do you intend to do that with a small cap that isn't yet on big exchanges?
>>50237850
Show us one example of anyone ever not being paid out over 1.5 years of being in business.

>>50242292
>>50242295
HOW IS THIS EVEN ACCURATE
THE MARKET DIPPED HARD AND IT WAS CONFIRMED BY 5 SEPERATE EXCHANGES; AND GTRADE REFUSED TO HONOR THE SHORT, IT JUST PRETENDED THE DIP DIDN'T HAPPEN

HOW IS IT CONCENSUS IF YOU IGNORE A 5/5 CONCENSIUS

>>50242292

>>50237227
Here faggot, this is a recording of an interview chainlink did with Seb (CHAINLINK, YOU MONG). Does this sound like a fucking bulgarian? Does chainlink feature smallcaps like ever? Let alone scam projects. https://www.youtube.com/watch?app=desktop&v=bYUS3XYHbZ4

>>50242379
>Show us one example of anyone ever not being paid out over 1.5 years of being in business.
see
>>50242379
multiple people just got defrauded by your exchange in your own shill message

>>50242350

That's 5 of 7 feeds retard.
So you love scamwicks? I figured if SEB WAS A SCAMMER he might like scamwicks too instead he built robust protection for traders on gains.

>>50242423
>That's 5 of 7 feeds retard.
So gains went with 2 out of 7 instead of 5 out of 7?
How is that a consensus?
conveniently in one case gtrade would have had to pay out an extreme amount in wins; either from longs or shorts. in the other case (the 2 out of 7); it did not. It chose the 2 out of 7.
IMAGINE THAT.

>>50242379

So a buy order gets missed, yet he protects hundreds of traders from experiencing liqudiation at the hands of SBF. You are a dishonest piece of shit. Who do you work for?

>>50242423
>protection for traders on gains.
gains is literally just making the fucking price up

>>50242469
this price is the price you retarded nigger you don't get to decide what it is and what it isn't especially when ALL OF THE EXCHANGES reflected the price and it went with 2 meme exchanges that didn't; conveniently not to protect traders; but to protect itself from having to payout substantial wins in either direction. (but rest assured the dev will get his $200,000 per week)

>>50242469
>So a buy order gets missed,
WHAT ABOUT MY SHORT NIGGER
GAINS REFUSED TO PAY

>>50242507

The chainlink DON decides the price faggot, and the scamwick protection is what it is. For every win the protocol had to pay their would have been tons of liquidations you pile of shit. The OI max and 900% win limit would have stopped the "big wins" from crashing the vault as you seem to think is a constant problem. Then the liqudated positions would have been fed into the vault further nullifying the damage. If you want scamwicks to be a feature you have a hook nose.

>>50242539]
>>50242507
Takes price from 7 exchanges no matter what, doesn't pick and choose. Those are one minute candles, and those wicks lasted seconds on each exchange. Arbirtrage bots between exchanges, while quick, aren't instant. These low wicks happened at different intervals on each exchange for mere seconds. At any point in time the average of all exchanges was never as low as it was in the wicks.

>>50242068
what? So connecting to a smart contract automatically means you're gonna get rugged?

>>50242539

Prove it was gains fault and seb will give you a refund like he has time and time again. Your not the first angry bitch who had trouble and if you can prove it was GNS that caused your issue Seb will refund you like he has before.

>>50242379
and
>>50242539
are obviously the same guy why do you retards keep replying to his bait

>>50235762
Looking forward to multichain. Project has a lot of potential and a good working product.

>>50243158
I feel like multichain is just a bandaid that will split liquidity until zkrollups truly come into fruition.

>>50242641
>900% win limit
you have got to be fucking kidding me LOL

>>50243311
How many times have you lev traded and gotten more than that? It's a necessary protection anyway.

>>50243348
>1000x leverage goy!
>10x win cap
>no comparable "loss" cap
>1000 dice rolls on regular exchange = profit
>1000 dice rolls on gtrade = loss ( contribute to dev's $200,000 measly salary )

>>50243383
>1000 dice rolls on gtrade = loss ( contribute to dev's $200,000 measly salary )
i'm sorry
>1000 dice rolls on gtrade = loss ( contribute to dev's $200,000 PER WEEK measly salary )
hardworking dev's deserve it bro's

>>50243348
If I open a position, it better not close until I fucking close it myself. You won't catch me dead using some shitty platform that is going to shut me down if I win too much.

>>50243425
Ok

>>50243425
there's a timer on it too
see
>>50236372
and the dev's can change it at will.

>open position (at 1000x lmao)
>oops better close it quick i don't want to be on the wrong side at this leverage
>30s TIMELOCK
>loss
....
>open position (at 1000x lmao)
>oops better close it quick i don't want to be on the wrong side at this leverage
>devs: OH FUCK WE CAN'T COVER THE WINS
>setLimitOrdersTimelock 9000000000s
>setMarketOrdersTimeout 9000000000s
>loss
>loss
>loss
>okay we can open up again
>setLimitOrdersTimelock 30s
>setMarketOrdersTimeout 30s

>>50243383
what is a stop loss

>>50243403

>Literally has to fund a team and pay them all year.

(You) live in a fantasy world. Your fud is weak.

>>50242736 I don't care if it's the same damn troll. I will just keep posting screens of Seb and Polygon working together as recently as last week. Many bizraelis will see the truth.

>41pbtid
>30pbtid
What are they trying to hide? And why are they so mad that one exchange didn't have a scam wick? Nobody but exchange operators make money off of those scam wicks. As evidenced by Arthur "Liquidate them I need a new Ferrari" Hayes.

Damn the gns seething in this thread is beautiful. They’re afraid bros

>>50244336
who is "they"