{"updatedAt":"2026-04-04T02:31:32.263Z","live":false,"chain":"Arbitrum","protocol":{"id":"gains","name":"Gains Network","slug":"gains","engine":"funding","hybridEngines":["leverage"],"defillamaSlug":"gains-network","defillamaProject":["gains network","gains"],"reframe":"Vault yield reflects being the counterparty to trader flow and funding imbalance.","mechanism":"Gains vault depositors sit opposite synthetic perp flow and monetize fees plus net trader losses.","thrives":"Active perp volume with persistent trader losses.","breaks":"Funding flips and concentrated trader outperformance.","risks":["Trader coordination","Funding flip","Vault concentration"],"arbitrumNative":false,"contractAddresses":{},"snapshot":{"protocolId":"gains","apy":11.6,"tvlUsd":38000000,"symbol":"gDAI"}}}