Objective
The goal of this proposal is to enhance the diversity and utility of the commodities trading market on the Gains Network. While commodities are already traded, their potential remains underdeveloped. This initiative seeks to broaden the scope by incorporating additional commodities and communities. Beyond being a challenge project, Gains Network will also serve as a Real-World Asset (RWA) project, enabling users to trade a wider range of real-world commodities.
Commodities to Add
Below is a curated list of commodities to integrate, grouped by category. Each item is accompanied by a reliable website for accurate price retrieval. This list covers the basics, with further commodities to be added based on demand.
Agriculture
Grains and Cereals
- Corn: CME Group - Corn Quotes
- Rough Rice: CME Group - Rough Rice Quotes
- Oats: CME Group - Oats Quotes
- Wheat: CME Group - Wheat Quotes
Oilseeds
- Soybean: CME Group - Soybean Quotes
Additional Commodities: Soybean Meal, Soybean Oil
Lumber and Soft Commodities
- Lumber: CME Group - Lumber Quotes
- Cocoa: CME Group - Cocoa Quotes
- Coffee: CME Group - Coffee Quotes
- Cotton: CME Group - Cotton Quotes
- Sugar No.11: CME Group - Sugar No.11 Quotes
Additional Commodities: Milk, Frozen Concentrated Orange Juice,
Livestock
- Pork Cutout: CME Group - Pork Cutout Quotes
- Lean Hogs: CME Group - Lean Hogs Quotes
- Live Cattle: CME Group - Live Cattle Quotes
- Feeder Cattle: CME Group - Feeder Cattle Quotes
Metals
Base Metals
- Aluminum: CME Group - Aluminum Quotes
- Copper: CME Group - Copper Quotes
- Lead: CME Group - Lead Quotes
- Zinc: CME Group - Zinc Quotes
Additional Metals: Nickel, Tin, Lithium, Cobalt
Energy
- Natural Gas
- Brent Crude
- Ethanol
- Heating Oil
- Propane
Other
- Carbon CO2
Conclusion
By integrating a broader selection of commodities, the Gains Network can establish itself as a comprehensive RWA trading platform. This initiative will attract diverse user communities, increase trading activity, and expand the platform’s real-world impact. Additional commodities can be considered based on community feedback and market demand.