Flare and aiPX Collaborate to Introduce New Decentralized Perpetual Exchange

9:38 pm
June 30, 2023
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Flare, a data-centric Layer 1 blockchain, has partnered with aiPX to launch a decentralized non-custodial perpetual exchange on the Flare network. The collaboration aims to provide users with a seamless trading experience and innovative solutions for risk management and liquidity provision.

Benefits of the Partnership

Through the partnership, aiPX will leverage Flare’s capabilities to enable users to connect their wallets seamlessly to the platform, eliminating intermediaries. Additionally, aiPX gains access to Flare’s scalability and high transaction throughput, ensuring quick and efficient trading experiences.

aiPX also integrates Flare Time Series Oracle (FTSO) price feeds for collateral calculations and liquidation thresholds, which enhances risk management within the platform by ensuring accurate and reliable data.

Moreover, aiPX offers several features to enhance the trading experience, including leverage trading, token swaps, staking for protocol revenue share, and user governance.

The initial liquidity pools on aiPX will include WUSDC, WFLR, and WUSDT, providing traders with immediate access to a range of assets. As the project progresses, more tokens are expected to become available, expanding the options for users and enhancing the liquidity ecosystem.

aiPX’s development team has a proven track record in the DeFi space, having previously built Takepile, a decentralized perpetual exchange on the Fantom network.

The Rise of Data-Centric Layer 1 Blockchains

Data-centric Layer 1 blockchains are becoming crucial components of the blockchain ecosystem due to their focus on the availability and integrity of data. Flare, as a data-centric Layer 1 blockchain, aligns perfectly with the objectives of the partnership, providing a solid foundation for the decentralized non-custodial perpetual exchange.

In a separate collaboration, Flare has also partnered with Atriv to integrate Atriv’s no-code NFT platform into the network, creating a free market for collectors and digital artists to easily tokenize artwork.

Summary

Flare and aiPX have joined forces to launch a decentralized non-custodial perpetual exchange on the Flare network. This partnership leverages Flare’s capabilities, including seamless wallet integration, scalability, and high transaction throughput, to provide users with a quick and efficient trading experience. aiPX integrates Flare Time Series Oracle price feeds for accurate risk management, and offers features such as leverage trading and token swaps. The collaboration is part of the growing trend of data-centric Layer 1 blockchains, with Flare serving as a solid foundation for the decentralized exchange.

FAQ

What is aiPX?

aiPX is a decentralized non-custodial perpetual exchange built on the Flare blockchain. It offers features such as leverage trading, token swaps, and user governance.

What are the benefits of the Flare and aiPX partnership?

The partnership allows aiPX to leverage Flare’s capabilities for seamless wallet integration and access to high transaction throughput. It also integrates Flare Time Series Oracle price feeds for accurate risk management.

Which tokens are available in the initial liquidity pools on aiPX?

WUSDC, WFLR, and WUSDT are some of the tokens available in the initial liquidity pools on aiPX.

What is the significance of data-centric Layer 1 blockchains?

Data-centric Layer 1 blockchains prioritize the availability and integrity of data, making them ideal for hosting decentralized applications that rely on accurate and transparent data.

What other collaborations has Flare been involved in?

Flare has recently collaborated with Atriv to integrate Atriv’s no-code NFT platform into the network, creating a free market for collectors and digital artists to easily tokenize artwork.


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