Flare, the blockchain for data, has announced the launch of the Raindex desktop app: a new intents-like DEX that uses the Flare Time Series Oracle (FTSO) to offer the advanced trading operations of centralized exchanges.
Flare, the blockchain for data, has announced the launch of the Raindex desktop app: a new intents-like DEX that uses the Flare Time Series Oracle (FTSO) to offer the advanced trading operations of centralized exchanges. Users can now set bid and offer prices, activate stop loss and take profit mechanisms, and replicate other traders’ strategies in a trustless, fully-permissionless, decentralized way, on-chain.
The Raindex app utilizes the intuitive Rainlang smart contract language, giving anyone the ability to design, write, deploy and manage customized token trading strategies, while leveraging Flare’s native decentralized price oracle, the FTSO, for reliable and secure asset price triggers.
Raindex achieves…
