aiPX Brings Decentralized Perpetual Contracts on Flare Network | Bitcoinist.com

Bitcoinist
Bitcoinist

29 Jun 2023 2:59 PM

Flare Network, a layer-1 blockchain for data platform, partners with non-custodial decentralized exchange aiPX to launch a perpetual DEX on its blockchain....

  • Flare Network has partnered with non-custodial decentralized exchange aiPX to launch a perpetual DEX on its blockchain.
  • The partnership aims to bring a non-custodial perpetual exchange to Flare, offering users a cutting-edge trading solution for decentralized perpetuals.
  • The initial liquidity pools on the exchange will include wrapped tokens such as WUSDC, WFLR, and WUSDT.
  • Flare will provide real-time price feeds for collateral calculations and liquidation thresholds via its Flare Time Series Oracle (FTSO).
  • The new perpetual DEX will also offer high-leverage trading, token swaps, staking services, and a decentralized governance system.
  • aiPX is a trading solution focusing on risk management and innovative liquidity solutions, offering decentralized perpetual contracts and planning to launch other financial products in the future.
  • The partnership with Flare highlights the importance of decentralization and innovative data solutions.
  • The newly-launched exchange will add more liquidity pairs and tokens as new bridging models are launched on the Flare network.
  • This partnership follows the recent launch of auto-claiming rewards on Flare.

The article highlights a positive partnership between Flare Network and aiPX, aiming to bring a cutting-edge trading solution for decentralized perpetuals. The partnership is seen as a welcome addition to the growing Flare DeFi ecosystem, with both teams committed to decentralization and innovative solutions.

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You May Ask

What is the purpose of the partnership between Flare Network and aiPX?What tokens will be included in the initial liquidity pools of the perpetual DEX?What services will the new perpetual DEX offer to users?What is aiPX's focus and future plans for financial products?How will the partnership with Flare benefit aiPX and its users?

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