Mechanism
Gains vault depositors sit opposite synthetic perp flow and monetize fees plus net trader losses.
Acerite
Protocol Brief
Arbitrum•Fallback demo data•Last updated Apr 4, 12:33 AM
Back to engine mapGains Network
Vault yield reflects being the counterparty to trader flow and funding imbalance.
This page is designed for quick scanning: what the protocol does, when it works, what breaks it, and which risks deserve attention.
Indicative APY
11.6%
Indicative only. Useful for framing, not prediction.
TVL
$38.0M
Size helps show where capital is currently concentrated.
Symbol
gDAI
The token or pool label surfaced by the data source.
Data Status
Fallback
Fallback keeps the demo usable if the upstream API pauses.
Plain-English Summary
Vault yield reflects being the counterparty to trader flow and funding imbalance.
When It Works
Active perp volume with persistent trader losses.
What Breaks It
Funding flips and concentrated trader outperformance.
Failure Modes
Trader coordination
A condition that can make the protocol behave worse or fail.
Funding flip
The rate traders pay or receive to stay positioned.
Vault concentration
A condition that can make the protocol behave worse or fail.
Structure
Primary engine: Funding
Hybrid engines: Leverage
Arbitrum native: No
Source Notes
Metrics are surfaced from DefiLlama where available and wrapped in the protocol framing defined in Acerite. The point is to understand behavior, not to rank products.