Trading on the GTK platform
How it the GTK trading platform works
The trading platform allows traders to trade with leverage against 3 collateralized tokens: USDC, USDT, and Ethereum.
Trader:
As a trader you have the ability to trade with leverage against collateralized tokens
A trader's position will end in profit:
Automatically if they hit the maximum profit threshold (default 100%)
Automatically if they hit the take profit they set
Manually, if they send a transaction to end the position
A trader's position will end in loss:
Automatically if they get liquidated
Automatically if they hit a stop loss they've set
Manually if they choose to end the trade in a loss
Matcher (Lender):
Most margin projects use pure lenders, we use matchers instead of lenders. As a Matcher, you have the option to lend your collateralizable tokens such as USDC, USDT, or Ethereum to any trade on the platform. This allows you to enter into a countertrade against the order placed by the trader.
With every block formation (~6 seconds), interest is collected on the loaned tokens and paid out to the lender, based on the Interest Fee calculation. It's worth noting that hedging the trade on a separate platform is crucial for Matchers, as it protects them from potential capital losses.
By leveraging this unique lending feature, Matchers can earn interest on their tokens while helping to facilitate trades on the platform. Overall, this creates a win-win scenario for both the Matcher and the trader.
See flow diagram below:
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