Decentralized Trading with CEX Features
Raindex, a new desktop app on the Flare blockchain, is shaking up the trading game. It combines the advantages of both centralized exchanges (CEXs) and decentralized exchanges (DEXs), giving users the best of both worlds.
Key Features:
- Intents-Like Architecture: Set your desired trade outcomes without specifying how they’re executed.
- Advanced Trading Operations: Activate stop loss, take profit, and copy other traders’ strategies.
- Reliable Price Data: Leverage Flare’s FTSO oracle for accurate and secure asset prices.
- Enhanced Trading Freedom: Set bids, asks, and execute complex strategies without intermediaries.
No More Third-Party Custody
Unlike CEXs, Raindex allows you to maintain control of your assets while enjoying CEX-like trading features. This eliminates the risk of third-party custody and enhances security.
Rainlang: The Language of DeFi
Rainlang, a user-friendly programming language, makes it easy for anyone to create and execute trading strategies. Traders can implement strategies such as dollar-cost averaging, stop losses, and market making.
Trading Contest
To celebrate its launch, Raindex is hosting a trading contest in May 2024. Create the most profitable trading strategies using Rainlang and win a share of the $12,000 prize pool.
About Flare
Flare is a blockchain designed for data-intensive use cases. It provides decentralized oracles that secure asset prices and other data on-chain.
About Raindex
Raindex leverages Rainlang to introduce a new DEX concept where orders are smart contracts. This enables complex trading strategies to be created and executed on-chain.
