• The Raindex app offers real-time entry to knowledge with full on-chain transaction execution.
• The Raindex desktop app makes use of 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 knowledge networks, has built-in Raindex, a platform that brings new decentralized CEX-style buying and selling options to the Flare ecosystem.

Raindex is a Rainlang good contract language platform. intentionJust like the buying and selling structure for desktop customers. This app has been in growth for over three years and blends the perfect of each CEX and DEX, going past conventional automated market makers (AMMs) and providing full on-chain commerce execution.

Specifically, app customers can simulate the efficiency of their methods earlier than deploying them on-chain.

Raindex app powered by Flare's FTSO

The Raindex app leverages the Flare Time Collection Oracle (FTSO) to supply superior buying and selling, and Flare decentralized value oracle expertise permits on-chain buying and selling with the advantages of a centralized change.

In a press launch shared on Tuesday, Aptitude mentioned that Raindex permits customers to set purchase and promote costs, in addition to activate danger administration mechanisms reminiscent of cease loss and take revenue. I did.

Different personalized buying and selling methods that customers can deploy embody dollar-cost averaging (DCA), Dutch orders, copy buying and selling, and portfolio rebalancing.

These actions are potential as a result of the Raindex app makes use of the Rainlang good contract language, which permits anybody to design, deploy, and handle buying and selling methods.

Flare's FTSO permits anybody to execute trades in your behalf, inside the constraints of your deployed technique.

Josh Hardy, co-founder of Rain, mentioned the collaboration with Flare will additional speed up the expansion of the general DeFi house.

“Safe and dependable knowledge is a necessary a part of the toolkit for anybody making a buying and selling technique. We’re excited to deliver Rainlang and Rainindex to the Flare ecosystem, join with the DeFi neighborhood, and see what they produce.” I'm very excited,” he mentioned in an announcement.

Improve person safety

The brand new platform leverages Flare's FTSOv2 and leverages its “quick updates” characteristic to supply real-time asset costs. The Raindex integration in Flare additionally contains an extension to Rainlang that eliminates the necessity for third-party off-chain knowledge oracles.

Entry to real-time asset value knowledge, buying and selling with out intermediaries amongst different further options is powered by DEX-style safety. Customers keep management over their personal keys and due to this fact their digital belongings.

Raindex has introduced a $12,000 buying and selling contest to have fun its launch on Flare. This system goals to encourage the neighborhood and can run till Could 2024.