Gains Network (GNS)
Unlock Schedule
Gains Network (GNS) Token Unlock & Vesting Schedule
The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
Supply and the vault backstop
GNS is an ERC-20 token. Its stated initial supply was 38,892,000 GNS, and its contract has a 100 million GNS maximum as a failsafe. The supply can change through the protocol’s minting and burning rules, so the maximum is best understood as a ceiling rather than an amount scheduled for release. The original distribution grew from participation in the project’s early pools. (docs.gains.trade)
One of the token’s central jobs is to help balance trading vaults. When a supported vault falls below full collateralization, the system can mint GNS and exchange it for the vault’s underlying asset. When the vault has a surplus, part of the proceeds from trader losses can instead be used to acquire and burn GNS. These actions are tied to vault conditions. The project documents a separate arrangement for its BtcUSD vault, which relies on a partner for its buffer. (docs.gains.trade)
Fees, staking, and votes
GNS holders can stake their tokens to qualify for tiered trading-fee discounts. The token also gives holders a role in governance decisions, including changes to the project’s economic model. Historically, Gains has used trading revenue for GNS buybacks, burns, and staking-related distributions. (docs.gains.trade)
The fee model changed following a governance vote in June 2026. The portion of revenue previously directed to the broad buyback-and-burn program was redirected to a growth and marketing treasury, and direct GNS staking rewards were paused. Staking for fee discounts continues. Governance can choose to restore buybacks, burns, or direct rewards under the plan’s later phase. Separately, the vault-balancing mechanism still describes GNS minting and burning based on vault conditions. (docs.gains.trade)
Assumptions
GNS began with community farming and later used activity-dependent mints for trading, vault support and participation rewards. A 2023 tokenomics change documented separate development-fund and NFT-redemption budgets, while an approved 2026 plan allows a further mint only if price milestones are met. The chart can estimate historical net supply between the supported early figures, but missing later cross-chain supply observations and claim-dependent dates prevent a complete chart through October 2026. Burns are included in those early net figures; the separately reported burn total is only a lower bound.
- Historical net farm and protocol issuance: New issuance depends on network activity, such as staking, so it cannot be dated in advance.
- Original GFARM2 community farming, GNS-equivalent budget: The sources give the amount but no release dates.
- Original GFARM2/ETH liquidity farm, GNS-equivalent budget: The sources give the amount but no release dates.
- Original five-day ETH staking farm, GNS-equivalent budget: The sources give the amount but no release dates.
- Trading and undercollateralized-vault backstop minting: New issuance depends on network activity, such as staking, so it cannot be dated in advance.
- Minted liquidity, bot and referral rewards: New issuance depends on network activity, such as staking, so it cannot be dated in advance.
- 2023 development fund compensation: The sources give the amount but no release dates.
- 2023 NFT retirement compensation: Releases depend on recipients claiming tokens or on grants being awarded.
- GNS match for the Arbitrum STIP incentives: New issuance depends on network activity, such as staking, so it cannot be dated in advance.
- Base trading incentives campaign: Releases depend on recipients claiming tokens or on grants being awarded.
- 2026 approved performance-conditional mint: New issuance depends on network activity, such as staking, so it cannot be dated in advance.
- Operating-team share of approved price-gated mint: New issuance depends on network activity, such as staking, so it cannot be dated in advance.
- Community share of approved price-gated mint: New issuance depends on network activity, such as staking, so it cannot be dated in advance.
- 1. https://gainsnetwork-io.medium.com/dyor-gains-farm-v2-ecosystem-f8ecec18fd46
- 2. https://medium.com/gains-network/the-significance-of-utility-tokens-in-defi-gtrade-9a68a19a39f8
- 3. https://medium.com/gains-network/a-brief-intro-on-the-best-trading-platform-in-the-crypto-space-better-than-dydx-and-other-cexs-1ebdbe3479cc
- 4. https://medium.com/gains-network/gns-single-sided-staking-real-yield-and-decentralization-e66d1089b664
- 5. https://medium.com/gains-network/introducing-gtoken-vaults-ea98f10a49d5
- 6. https://medium.com/gains-network/gns-tokenomics-plan-q3-2023-260c64ddd560
- 7. https://medium.com/gains-network/gtrade-september-2023-recap-dbe361a7a1dd
- 8. https://gains-network.gitbook.io/docs-home/archived/nfts
- 9. https://medium.com/gains-network/trade-to-earn-the-13-week-gtrade-x-arbitrum-incentives-program-a60165c45e0d
- 10. https://medium.com/gains-network/introducing-the-20-000-gns-trading-incentives-campaign-on-base-4ba0e3b58397
- 11. https://gov.gains.trade/t/gns-redirection-of-revenue-from-bb-b-to-sss/212
- 12. https://gov.gains.trade/t/make-gains-great-again/226
- 13. https://snapshot.box/
- 14. https://sol.gains.trade/gns
- 15. https://arbiscan.io/token/0x18c11FD286C5EC11c3b683Caa813B77f5163A122
Allocations
Net total supply: these totals already subtract burned tokens, so the chart shows the supply that exists, not every token created
Estimated from the last observation onward: about 2,360 per day (71,823 per month), the rate between the observations of February 2022 and July 2023.
Description
#1303
Gains Network is a protocol that offers decentralized leveraged trading on Polygon and Arbitrum with low fees and high liquidity. Gains Network also has a utility token (GNS) and utility NFTs that provide platform benefits and governance rights.
| Sector: | Perpetuals |
| Blockchain: | Arbitrum |