Flare Inks Partnership with aiPX to Debut New Perpetual Exchange

In addition to its focus on risk management and liquidity solutions, aiPX, a perpetual DEX built on the Flare blockchain, offers a range of features designed to enhance the trading experience for users.

In an exciting development within the blockchain space, glowA data-centric, layer-one blockchain announced a partnership with aiPX to launch a non-security, decentralized permanent exchange on the Flare Network. According to a press release shared with Coinspeaker, the native Flare network will act as the underlying infrastructure for aiPX, providing a robust and efficient foundation for decentralized exchanges.

Benefits of Flare and the aiPX Partnership

Leveraging Flare’s capabilities, aiPX will ensure that users can seamlessly connect their wallets to the platform, eliminating the need for additional steps or third-party intermediaries. Moreover, by utilizing the native Flare network, aiPX gains access to blockchain scalability and high transaction throughput. This ensures that users have a fast and efficient trading experience with little to no delays or congestion.

On the other hand, aiPX is expected to provide innovative solutions for risk management and liquidity provision. A key component that enables this functionality is the Flare Time Series Oracle Price Feed Integration (FTSO). By leveraging the FTSO’s price feed for collateral accounts and liquidation limits, aiPX ensures accurate and reliable data, enabling effective risk management within the platform.

In addition to its focus on risk management and liquidity solutions, aiPX, a perpetual DEX built on the Flare blockchain, offers a range of features designed to enhance the trading experience for users. These features include leveraged trading, token swaps, risk to protocol revenue sharing, and user governance.

Remarkably, aiPX will launch with an initial set of liquidity pools that include WUSDC, WFLR and WUSDT. These aggregators provide traders with instant access to a range of assets, allowing them to start trading and interacting with the platform from the very beginning.

As the project progresses and new bridging models are introduced on Flare, more tokens are expected to be available, expanding options for users and further strengthening the liquidity ecosystem.

It is worth noting that the team behind aiPX has a proven track record of success in the DeFi space. The team previously developed Takepile, a decentralized persistent exchange, on the Fantom Network. This experience and expertise serves as a strong foundation for the development of aiPX, ensuring that the team understands the intricacies of building and maintaining a decentralized trading platform.

The emergence of a data-centric first layer blockchain

Data-centric first layer blockchain has emerged as a core component of the blockchain ecosystem. These platforms prioritize data availability and integrity, making them ideal for hosting decentralized applications (dApps) that rely on accurate and transparent data.

Flare, as a data-centric layer-one blockchain, fully aligns with the goals of the partnership, ensuring a solid foundation for a permanent, decentralized, non-custodial exchange.

Recently, the platform cooperated With Atriv to provide the network with Atriv’s no-code NFT platform. The collaboration aims to create a free marketplace where collectors and digital artists can easily make and mark up art.

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Benjamin Godfrey is a blockchain enthusiast and journalist who enjoys writing about real-world applications of blockchain technology and innovations to drive public acceptance and global integration of the emerging technology. His desires to educate people about cryptocurrencies have inspired his contributions to popular blockchain-based media and websites. Benjamin Godfrey is a fan of sports and farming.

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