Raindex launches on Flare to power decentralized CEX-style trading
Raindex app offers real-time access to data with full on-chain execution of trades. The Raindex desktop app will leverage the Flare Time Series Oracle (FTSO). Anyone can use the Rainlang smart contract platform to create and deploy trading strategies on-chain. Flare, the blockchain for data network, has integrated Raindex, a platform that brings a new decentralised CEX-style trading solution to the Flare ecosystem. Raindex is a Rainlang smart contract language platform that offers an intents -like trading architecture for desktop users. The app has been in development for over three years and blends the best of both CEXs and DEXs, going beyond traditional Automated Market Makers (AMMs) to offer full on-chain execution of trades. Notably, app users can simulate the performance of their strategies before they deploy them on-chain. Raindex app to leverage Flare’s FTSO Raindex app leverages the Flare Time Series Oracle (FTSO) to provide for advanced trad...