Every Key Metrics Gains Network gDAI Depositors Need to Monitor

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Every @GainsNetwork_io metrics need to know if you deposit to $gDAI #realyield 👇 🔹 Traders' PnL 🔹 Collateralization Ratio 🔹 Platform config ➡ OI Cap ➡ Total OI ➡ Effective OI 🔹 Positions ➡ Long/Short Ratio ➡ Average Leverage 🔹 product that built on gDai - @pendle_fi

0/ what is @GainsNetwork_io and $gDAI ❇ gTrade is a decentralized leveraged trading platform on MATIC and ARBI ❇ can trade up to 150x on cryptos, 1000x on forex, 50x on stocks, and 35x on indices ❇ gDAI represents ownership of DAI, accumulated fees and traders' PnL

1/ traders' PnL ❇ gDAI vault serves as the counterparty of gtrade ⚠ when traders win (positive PnL), winnings go into vault ⚠ when traders lose (negative PnL), losses are paid by vault ℹ historical stats indicate a negative traders' PnL in past 6 months

2/ collateralization ratio ❇ is determined from the snapshotted total PnL at current epoch ❇ to deduce pending withdraw windows in terms of epoch ℹ The higher the ratio, the better as traders lose money to gDAI, the shorter pending withdraw window

3/ platform config - open interest (OI) $gDAI holders should closely monitor gtrade OI cap, total OI and total effective OI and ensure they're properly configurated you can monitor OI at gtrade.tools/arbitrumpairs/ by @vesnushkiii

3.1/ OI cap ❇ there is max of OI for each asset that indicated on the top ℹ it limits gDAI's max exposure on that asset ℹ the more liquid the asset, the higher the cap can be

3.1/ OI cap vs $gDAI using MATIC platform as example - current gDAI = US$ 15MM - total OI cap = US$ 116MM 👉 700% of gDAI configurated ℹ there is no hard answer if well-configurated but the most important figure is the total (effective) OI instead

3.2/ total OI vs $gDAI ❇ total OI refers to the sum of OI on all assets pair - current gDAI = US$ 16MM - total OI = US$ 26MM 👉 160% of gDAI

3.2/ total effective OI vs $gDAI ❇ effective OI refers to the sum of net OI (long - short) - current gDAI = US$ 16MM - total effective OI = long OI - short OI = US$6MM 👉 60% of gDAI

4/ traders' positions traders' position long-to-short ratio and average leverage are also essential to monitor to $gDAI holder available on @unionepro dune dashboard, breakdown by asset class: - crypto pairs - stock pairs - forex pairs dune.com/unionepro/Gains-Network-gTrade-Stats-by-Asset-Class

4.1/ long-to-short ratio the best scenario is a balanced long-to-short ratio so there is no exposure to either side, ie delta natural #realyield current ratio - crypto pairs: 1.36 - stock pairs: 4.05 - forex pairs: 1.01 twitter.com/GainsNetwork_io/status/1633969669437808640

4.2/ average leverage average leverage may not necessarily holds a direct relation on open interest and on a risk perspective, the higher the leverage, the likely trader’s PnL is negative current ratio: - crypto pairs: 75.6x - stock pairs: 13x - forex pairs: 122x 👀👀👀

5/ product that built on $gDai @pendle_fi recently launched $gDAI and if you hold its principal token, aka the counterparty of gtrade, make sure you monitor all the metrics mentioned twitter.com/pendle_fi/status/1633829876624146436