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Flare and aiPX Collaborate to Transform Decentralized Trading with Innovative Perpetual DEX
- Flare and aiPX collaborate to transform decentralized trading.
- Innovative perpetual DEX launched on Flare’s blockchain.
- Decentralization and user empowerment are central to the Flare and aiPX alliance.
In a notable advancement for blockchain technology, Flare, a prominent Layer 1 data-focused blockchain, has partnered with aiPX, a spinoff of Level Finance. This collaborative effort aims to introduce a pioneering decentralized non-custodial perpetual exchange on Flare’s network. Utilizing Flare’s Time Series Oracle (FTSO), aiPX will deliver cutting-edge solutions for collateral assessments and liquidation thresholds.
In addition to providing sophisticated trading protocol functionalities such as leverage trading and token swaps, aiPX also offers staking for protocol revenue sharing and user governance. As a result, traders can anticipate a more extensive, user-oriented trading experience.
Flare and aiPX: A Partnership Founded on Common Goals
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Sonic, CEO and Co-founder of aiPX, conveyed his excitement regarding the partnership. He underscored the mutual vision of aiPX and Flare, focused on decentralization, user empowerment, and innovative data access. “Flare’s dedication to decentralization and data availability makes building on their platform an obvious choice for us,” Sonic stated.
Furthermore, Hugo Philion, CEO and Co-founder of Flare, echoed Sonic’s views. Philion expressed his enthusiasm about aiPX’s potential role in enhancing the growing Flare DeFi ecosystem.
He also pointed out how their joint commitment to decentralization and non-custodial products could utilize FTSO for collateral thresholds and liquidation calculations.
Transforming Trading with Decentralization
By leveraging Flare’s native network, aiPX will reshape the trading experience. Consequently, users will be able to engage in seamless trading directly from their wallets. Importantly, the initial liquidity pools for the new exchange will feature WUSDC, WFLR, and WUSDT. Additional pools may be confirmed as Flare rolls out new bridging models and more tokens become accessible.
In summary, the collaboration between Flare and aiPX represents a significant advancement in the blockchain sector, especially concerning decentralized exchanges. By concentrating on risk management and innovative solutions for liquidity providers, they are poised to revolutionize the decentralized trading landscape.
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