Flare

<p>Flare, a data-centric Layer 1 blockchain, has announced a partnership with aiPX to introduce a decentralized non-custodial perpetual exchange on the <a href="https://flare.network/" rel="noopener noreferrer nofollow">Flare network</a>. aiPX, a fork of Level Finance and an iteration of the GMX perpetual derivatives trading protocol, will spearhead this innovative trading platform.</p><p>The aiPX perpetual DEX (decentralized exchange) prioritizes risk management and presents creative solutions for liquidity providers. It will leverage Flare Time Series Oracle (FTSO) price feeds to facilitate collateral calculations and liquidation thresholds. The protocol will offer users features such as leverage trading, token swaps, staking for protocol revenue-sharing, and user governance.</p><h2 id="header-0">Pushing the Boundaries with Decentralized Products</h2><p>Initially, liquidity pools on the exchange will include WUSDC, WFLR, and WUSDT, with more tokens expected to be added once fresh bridging models are launched on the Flare network. The team behind aiPX is already known for their work on Takepile, a decentralized perpetual exchange built on the Fantom network.</p><p>Sonic, the CEO and Co-founder of <a href="https://aipx.finance/" rel="noopener noreferrer nofollow">aiPX</a>, expressed enthusiasm for the collaboration, stating, “Flare’s commitment to decentralization through the Flare Time Series Oracle, and to breaking down and eliminating traditional barriers to quality data via innovations like the State Connector, make building on Flare a no-brainer for us. Flare highlights what’s important in pushing the adoption of decentralized products forward and we’re excited to innovate alongside their accomplished team.”</p><p>Hugo Philion, the CEO and Co-founder of Flare, echoed Sonic’s sentiments, emphasizing the importance of decentralized and non-custodial products. Philion noted, “aiPX is a very welcome addition to the growing Flare DeFi ecosystem. They are a strong development team and we share their commitment to developing products that are decentralized and non-custodial, showing just what is possible in this space – like using the decentralized FTSO for collateral thresholds and liquidation calculations.”</p><h2 id="header-1">Offering a Seamless Trading Experience</h2><p>aiPX is a decentralized, non-custodial perpetual DEX that prioritizes risk management and innovative solutions for liquidity providers. Alongside offering a cutting-edge trading solution for decentralized perpetuals, aiPX has a robust roadmap that includes binary options and synthetics, aiming to establish the protocol as the go-to decentralized suite for traders of all styles and skill levels. aiPX enables capital-efficient hedging with near-zero market impact for traders while providing passive earnings to liquidity providers and stakers through a robust, real yield ecosystem enabled by the AIPX token.</p><p>Flare is a data-focused Layer 1 blockchain that provides developers with decentralized access to information at scale. Its EVM-based infrastructure incorporates data acquisition protocols directly into the blockchain, enabling affordable and highly scalable access to various types of quality data. Flare’s <a href="https://flare.network/stateconnector/" rel="noopener noreferrer nofollow">State Connector</a> ensures secure, scalable, and trustless utilization of external blockchain and internet data with smart contracts on the Flare network. The <a href="https://flare.network/ftso/" rel="noopener noreferrer nofollow">Flare Time Series Oracle</a> delivers decentralized price and data feeds to dApps on Flare, eliminating the reliance on centralized providers.</p><p>By harnessing the capabilities of Flare’s native network, aiPX aims to provide users with a seamless trading experience directly from their wallets. As Flare continues to pave the way for data-centric blockchain technology, the integration of aiPX’s perpetual exchange adds to the growing ecosystem of innovative DeFi solutions on the Flare network. Users can now look forward to a secure, efficient, and user-centric trading experience directly from their wallets.</p>

Flare and aiPX Join Forces to Launch Decentralized Perpetual Exchange

Table of Contents

BlockchainReporter

Other articles published on Jun 29, 2023

Glassnode Reveals 250k-500k BTC Deployed and Accumulated in Bitcoin Market

Cardano DeFi Ecosystem: An Investment Goldmine Hidden in Plain Sight

2nd Report Of June 2023

Golteum’s (GLTM) Announces Groundbreaking Move To Join Chainlink BUILD

Inter Protocol Launches IST Vaults on Agoric

Six Clovers rolls out Versal Network for cross-border payments

Join our free newsletter for daily crypto updates!