- Flare and aiPX join forces to revolutionize decentralized trading.
- Groundbreaking perpetual DEX launched on Flare’s network.
- Decentralization and user empowerment at the forefront of Flare and aiPX partnership.
In a significant move forward for blockchain technology, Flare, the leading Layer 1 data-centric blockchain, has joined forces with aiPX, a spinoff of Level Finance. This synergistic partnership aims to launch a groundbreaking decentralized non-custodial perpetual exchange on Flare‘s network. Capitalizing on Flare’s Time Series Oracle (FTSO), aiPX will provide innovative solutions for collateral calculations and liquidation thresholds.
Besides offering advanced trading protocol features like leverage trading and token swaps, aiPX also presents staking for protocol revenue share and user governance. Hence, traders can look forward to a more comprehensive, user-centric trading experience.
Flare and aiPX: A Partnership Built on Shared Vision
Sonic, CEO, and Co-founder of aiPX, expressed his enthusiasm for the collaboration. He emphasized the shared vision of aiPX and Flare, centered around decentralization, user empowerment, and data access innovation. “Flare’s commitment to decentralization and data accessibility makes building on their platform a no-brainer for us,” Sonic said.
Moreover, Hugo Philion, CEO and Co-founder of Flare, reciprocated Sonic’s sentiments. Philion expressed his excitement about aiPX’s potential contributions to the expanding Flare DeFi ecosystem.
Additionally, he highlighted how their shared commitment to decentralization and non-custodial products could leverage FTSO for collateral thresholds and liquidation calculations.
Revamping Trading with the Power of Decentralization
By harnessing Flare’s native network, aiPX will redefine the trading experience. Consequently, users can now enjoy seamless trading directly from their wallets. Notably, the initial liquidity pools for the new exchange will include WUSDC, WFLR, and WUSDT. More may be confirmed as Flare introduces fresh bridging models and more tokens become available.
In conclusion, the partnership between Flare and aiPX signifies a considerable leap forward in the blockchain industry, particularly for decentralized exchanges. By focusing on risk management and innovative solutions for liquidity providers, they are all set to transform the landscape of decentralized trading.
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