- The Raindex software provides real-time information entry with full on-chain commerce execution.
- The Raindex desktop software will use the Flare Time Sequence Oracle (FTSO) platform.
- Anybody can use Rainlang’s good contract platform to create and deploy on-chain enterprise methods.
Flare, the info community blockchain, has built-in Raindex, a platform that brings a brand new CEX-style decentralized buying and selling answer to the Flare ecosystem.
Raindex is Rainlang’s good contract language platform that gives intentions-as a enterprise structure for desktop customers. Developed over three years, the app combines the most effective of CEX and DEX, goes past conventional computerized market makers (AMMs) and provides full on-chain commerce execution.
Particularly, software customers can simulate the efficiency of their methods earlier than deploying them on the chain.
Raindex software to make use of Flare’s FTSO
Raindex makes use of the Flare Time Sequence Oracle (FTSO) to supply superior Flare know-how buying and selling of a decentralized worth oracle enabling on-chain buying and selling that takes benefit of centralized exchanges.
In a press launch shared on Tuesday, Flare famous that utilizing Raindex, customers can set bid and supply costs in addition to activate danger administration mechanisms reminiscent of cease loss and take revenue.
Different personalized buying and selling methods that customers can deploy embrace Greenback Price Averaging (DCA), Dutch Orders, Copying 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 and deploy or handle a buying and selling technique.
Flare’s FTSO then permits anybody to execute trades on behalf of the consumer, however inside the constraints of the deployed technique.
Josh Hardy, co-founder of Rain, mentioned the collaboration with Flare contributes to the general progress of the DeFi house.
“Protected and dependable information is an indispensable a part of the toolbox of anybody writing enterprise methods. We’re very excited to introduce Rainlang and Raindex to the Flare ecosystem, join with the DeFi group and see what they create,” he mentioned in a press release.
Higher safety for customers
The brand new platform will make the most of Flare’s FTSOv2 and use its “Quick Updates” capabilities to supply real-time asset costs. The Raindex integration on Flare will even embrace the Rainlang extension, which eliminates the necessity for third-party off-chain information oracles.
Entry to real-time asset worth information, broker-free buying and selling and different added options are enhanced by DEX-style safety. The consumer stays answerable for 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 motivating the group and can run all through Could 2024.
