- Raindex app affords real-time entry to information with full on-chain execution of trades.
- The Raindex desktop app will leverage the Flare Time Collection Oracle (FTSO).
- Anybody can use the Rainlang good contract platform to create and deploy buying and selling methods on-chain.
Flare, the blockchain for information community, has built-in Raindex, a platform that brings a brand new decentralised CEX-style buying and selling answer to the Flare ecosystem.
Raindex is a Rainlang good contract language platform that gives an intents-like buying and selling structure for desktop customers. The app has been in improvement for over three years and blends one of the best of each CEXs and DEXs, going past conventional Automated Market Makers (AMMs) to supply full on-chain execution of trades.
Notably, app customers can simulate the efficiency of their methods earlier than they deploy them on-chain.
Raindex app to leverage Flare’s FTSO
Raindex app leverages the Flare Time Collection Oracle (FTSO) to offer for superior buying and selling, with the Flare decentralized worth oracle know-how permitting for on-chain buying and selling that faucets into advantages of centralised exchanges.
In a press launch shared on Tuesday, Flare famous that with Raindex, customers can set bid and supply costs in addition to activate threat administration mechanisms resembling cease loss and take revenue.
Different customised buying and selling methods customers can deploy embrace dollar-cost-averaging (DCA), Dutch orders, copy buying and selling and portfolio rebalancing.
These actions are doable as a result of Raindex app makes use of the Rainlang good contract language, which permits anybody to design and deploy or handle a buying and selling technique.
Flare’s FTSO then permits anybody to carry out the trades on the consumer’s behalf however inside the constraints of the deployed technique.
Josh Hardy, co-founder of Rain, stated the collaboration with Flare provides to the general development of the DeFi house.
“Safe, dependable information 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 neighborhood and see what they create,” he stated in a press release.
Enhanced safety for customers
The brand new platform will make the most of Flare’s FTSOv2, benefiting from its “Quick Updates” functionality to ship real-time asset costs. Raindex integration on Flare may also embrace an extension of Rainlang that eliminates the necessity for third-party, off-chain information oracles.
Entry to real-time asset worth information, buying and selling with out intermediaries amongst different added performance is enhanced by DEX-style safety. A consumer stays in charge of their personal keys and due to this fact their digital belongings.
Raindex has introduced a $12,000 buying and selling contest because it celebrates its launch on Flare. This system is geared toward incentivising the neighborhood and can run all through Could 2024.
