Flare Inks Partners with aiPX to Launch New Perpetual Exchange

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In addition to focusing on risk management and liquidity solutions, aiPX, the Flare blockchain-based perpetual DEX, offers a range of features designed to enhance users’ trading experience.

In an exciting development within the blockchain space, To bursta data centric Layer 1 Blockchain, announced a partnership with aiPX to launch a non-custodial decentralized 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 solid and efficient foundation for the decentralized exchange.

Benefits of the Flare and aiPX partnership

By 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. Additionally, by using Flare’s native network, aiPX accesses the scalability and high throughput of blockchain transactions. This ensures users have a fast and efficient trading experience with little to no delays or congestion.

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

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

Remarkably, aiPX will launch with an initial set of liquidity pools including WUSDC, WFLR, and WUSDT. These pools provide traders with immediate access to a range 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 on Flare, more tokens are expected to become available, expanding options for users and further improving the liquidity ecosystem.

It should be noted 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 provides a solid foundation for the development of aiPX, ensuring that the team understands the intricacies of building and maintaining a decentralized trading platform.

The Rise of Data-Centric Layer 1 Blockchains

Data-centric layer 1 blockchains have become a crucial part 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 1 blockchain, aligns perfectly with the objectives of the partnership, ensuring a solid foundation for non-custodial decentralized perpetual exchange.

Recently, the platform collaborated with Atriv to equip the network with Atriv’s no-code NFT platform. The collaboration aims to create a free market where collectors and digital artists can easily create and symbolize art.

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Benjamin Godfrey

Benjamin Godfrey is a blockchain enthusiast and journalist who enjoys writing about real-world applications of blockchain technology and innovations to drive mainstream acceptance and global uptake of emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain-based media and sites. Benjamin Godfrey is a sports and agriculture enthusiast.


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