• Raindex app gives real-time get admission to to information with complete on-chain execution of trades.
• The Raindex desktop app will leverage the Flare Time Series Oracle (FTSO).
• Anyone 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 method 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 building for over 3 years and blends the most productive of each CEXs and DEXs, going past conventional Automated Market Makers (AMMs) to supply complete on-chain execution of trades.

Notably, app customers can simulate the efficiency in their methods prior to they deploy them on-chain.

Raindex app to leverage Flare’s FTSO

Raindex app leverages the Flare Time Series Oracle (FTSO) to supply for complex buying and selling, with the Flare decentralized worth oracle era taking into account on-chain buying and selling that faucets into advantages of centralised exchanges.

In a press unencumber shared on Tuesday, Flare famous that with Raindex, customers can set bid and be offering costs in addition to turn on chance control mechanisms reminiscent of prevent loss and take benefit.

Other customised buying and selling methods customers can deploy come with dollar-cost-averaging (DCA), Dutch orders, replica buying and selling and portfolio rebalancing.

These actions are conceivable as a result of Raindex app makes use of the Rainlang good contract language, which permits any individual to design and deploy or set up a buying and selling technique.

Flare’s FTSO then lets in any individual to accomplish the trades at the person’s behalf however inside the constraints of the deployed technique.

Josh Hardy, co-founder of Rain, mentioned the collaboration with Flare provides to the whole enlargement of the DeFi house.

“Secure, reliable data is an indispensable part of the toolkit for anybody writing trading strategies. We’re super excited to introduce Rainlang and Raindex into Flare’s ecosystem, connect with the DeFi community and see what they create,” he mentioned in a observation.

Enhanced safety for customers

The new platform will make the most of Flare’s FTSOv2, benefiting from its “Fast Updates” capacity to ship real-time asset costs. Raindex integration on Flare will even come with an extension of Rainlang that removes the desire for third-party, off-chain information oracles.

Access to real-time asset worth information, buying and selling with out intermediaries amongst different added capability is enhanced by means of DEX-style safety. A person stays in keep an eye on in their personal keys and due to this fact their virtual belongings.

Raindex has introduced a $12,000 buying and selling contest because it celebrates its release on Flare. The program is aimed toward incentivising the neighborhood and can run all through May 2024.