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

Among the exciting developments within the blockchain space, flare, a data-centric Layer 1 blockchain, has announced a partnership with aiPX to launch a decentralized non-custodial perpetual exchange on the Flare network. According to a press release shared with Coinspeaker, Flare’s native network will serve as the underlying infrastructure for aiPX, providing a robust and efficient foundation for decentralized exchanges.

Benefits of the Flare and aiPX partnership

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

On the one hand, aiPX is expected to provide innovative solutions for risk management and liquidity provision. One of the key components enabling this functionality is the Flare Time Series Oracle (FTSO) price feed integration. By leveraging FTSO price feeds for collateral calculation and liquidation thresholds, aiPX ensures accurate and reliable data, enabling effective risk management within the platform.

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

Notably, aiPX will launch with an initial set of liquidity pools including WUSDC, WFLR and WUSDT. These pools give traders instant access to a wide variety of assets, allowing them to start trading and interacting with the platform right from the start.

As the project progresses and new bridging models are introduced to Flare, it is expected that more tokens will become available, increasing user choice and further strengthening the liquidity ecosystem.

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

The Rise of Data-Centric Layer 1 Blockchains

Data-centric Layer 1 blockchains are emerging as a key 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.

As a data-centric Layer 1 blockchain, Flare is perfectly aligned with the partnership’s goals and ensures a solid foundation for decentralized, non-custodial perpetual exchange.

On modern platforms, cooperated We will work with Atriv to bring Atriv’s no-code NFT platform to the network. This collaboration aims to create a free market where collectors and digital artists can easily create and tokenize art.

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Benjamin Godfrey

Benjamin Godfrey is a blockchain enthusiast and journalist who enjoys writing about the real-world applications of blockchain technology and the innovations driving the general acceptance and global integration of emerging technologies. His desire to educate people about cryptocurrencies has inspired his contributions to well-known blockchain-based media and sites. Benjamin Godfrey loves sports and farming.

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