Flare, the blockchain for knowledge, has introduced the launch of the Raindex desktop app a brand new intents-like DEX that makes use of the FTSO (Flare Time Sequence Oracle) to supply the superior buying and selling operations of CEXs (centralized exchanges).
Customers can now set bid and provide costs, activate cease loss and take revenue mechanisms and replicate different merchants’ methods in a trustless, fully-permissionless, decentralized method on-chain.
The Raindex app makes use of the intuitive Rainlang good contract language, giving anybody the power to design, write, deploy and handle custom-made token buying and selling methods, whereas leveraging Flare’s native decentralized value oracle the FTSO for dependable and safe asset value triggers.
Raindex achieves this with an intents-like structure.
Customers can specify their desired commerce outcomes without having to outline how the commerce is fulfilled, doubtlessly organising a number of future trades as a part of a technique deployed in a single transaction.
Anyone can then carry out the trades on behalf of customers, throughout the constraints of the pre-defined technique.
For example, a consumer can write a technique to promote property at a set value triggered by the FTSO.
Below the hood, Raindex facilitates this commerce by appearing as an identical venue for purchaser and vendor intents.
This frees customers from handbook order placement and fixed market monitoring.
Trusted real-time asset value knowledge
The end result of greater than three years of devoted improvement, Raindex blends probably the most compelling benefits of each CEXs and DEXs right into a single platform, permitting customers to craft and execute Rainlang methods with out intermediaries.
It supplies a CEX-like buying and selling expertise with enhanced DEX-style autonomy and safety, so customers not have to surrender management of their digital property.
The platform will reap the benefits of FTSO model two’s new ‘quick updates’ functionality that delivers asset costs each block (one- to two-second intervals), secured by Flare’s novel structure, guaranteeing each value accuracy and censorship resistance.
Flare presents a novel belief mannequin for the enshrined oracles on their community as the info integrity is secured by the validators themselves.
An extension of Rainlang on Flare permits FTSO knowledge to be leveraged for buying and selling methods, enhancing market responsiveness whereas eliminating the reliance on third-party, off-chain knowledge oracles.
Josh Hardy, co-founder of Rain, mentioned,
“Safe, dependable knowledge is an indispensable a part of the toolkit for anyone writing buying and selling methods.
“We’re tremendous excited to introduce Rainlang and Raindex into Flare’s ecosystem, join with the DeFi group and see what they create.”
Enhanced buying and selling with out intermediaries
Rainlang is an modern new programming language that’s designed to be easy to learn and write.
Anybody who can learn and write Excel formulation can simply be taught to create good contracts utilizing Rainlang.
Merchants will have the ability to implement their very own custom-made methods together with however not restricted to DCA (dollar-cost averaging), cease losses, Dutch orders, portfolio rebalancing, market making and liquidity administration and development monitoring.
With the power to set bids and asks, cease loss and take revenue triggers and duplicate commerce vaults, the platform strikes past conventional AMM (automated market maker) fashions, providing unparalleled commerce expression freedom with full on-chain execution.
Hugo Philion, co-founder of Flare and CEO of Flare Labs, mentioned,
“The just lately introduced upgrades to the FTSO will allow as much as 1,000 asset costs to be delivered on-chain each second or so with out sacrificing decentralization or safety.
“Mix this with Rain’s intents-like DEX, and also you allow a lot of the performance of a [CEX] however with out the danger of needing to custody your property with a 3rd celebration.”
The great Raindex desktop app supplies an all-encompassing set of instruments for merchants to plan and write their methods, with the power to simulate its efficiency earlier than deploying it on-chain.
Customers can merely specific what they need utilizing Rainlang, deposit their tokens into vaults after which deploy their order when the time is true, with Raindex’s app offering real-time efficiency monitoring.
To have a good time its launch on Flare and entice the group to point out off its buying and selling expertise, Raindex is staging a buying and selling contest that can run all through Could 2024, with a complete prize pool of $12,000 out there for individuals who can create probably the most worthwhile buying and selling methods utilizing Rainlang.
About Flare
Flare is the blockchain for knowledge an EVM good contract platform particularly designed to help knowledge intensive use circumstances, together with machine studying / AI, RWA (real-work asset) tokenization, gaming and social.
With decentralized, enshrined oracles secured on the community layer, Flare is the one good contract platform optimized for decentralized knowledge acquisition value and time collection knowledge, blockchain occasion and state knowledge and Internet 2.0 API knowledge.
By giving builders trustless entry to the broadest vary of knowledge and knowledge proofs at scale and for minimal value, Flare expands the utility of blockchain and helps the event of latest and improved use circumstances.
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About Raindex
Rainlang is DeFi’s native language on EVM. Totally on-chain, it promotes accessibility and decentralization by making good contracts simpler to learn and write.
Raindex, leveraging Rainlang, introduces a brand new DEX idea the place orders are good contracts, enabling advanced, algorithmic buying and selling methods to be created and executed onchain.
Rain’s mission is to foster innovation and inclusivity in good contract improvement and DeFi.
Contact
Dasi Kaplan, MarketAcross
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