{"id":28925,"date":"2024-04-09T14:28:11","date_gmt":"2024-04-09T14:28:11","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/raindex-launches-on-flare-to-power-decentralized-cex-style-trading\/"},"modified":"2024-04-09T14:28:11","modified_gmt":"2024-04-09T14:28:11","slug":"raindex-launches-on-flare-to-power-decentralized-cex-style-trading","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/raindex-launches-on-flare-to-power-decentralized-cex-style-trading\/","title":{"rendered":"Raindex launches on Flare to power decentralized CEX-style trading"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/flare-raindex-integration-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/flare-raindex-integration-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/flare-raindex-integration-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/flare-raindex-integration-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Raindex app offers real-time access to data with full on-chain execution of trades.<\/span><\/li>\n<li><span style=\"font-weight: 400\">The Raindex desktop app will leverage the Flare Time Series Oracle (FTSO).<\/span><\/li>\n<li>Anyone can use the Rainlang smart contract platform to create and deploy trading strategies on-chain.<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Flare, the blockchain for data network, has integrated Raindex, a platform that brings a new decentralised CEX-style trading solution to the Flare ecosystem.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Raindex is a Rainlang <a href=\"https:\/\/coinjournal.net\/news\/tag\/smart-contracts\/\">smart contract<\/a> language platform that offers an <\/span><a href=\"https:\/\/www.paradigm.xyz\/2023\/06\/intents#what-are-intents\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">intents<\/span><\/a><span style=\"font-weight: 400\">-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.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Notably, app users can simulate the performance of their strategies before they deploy them on-chain.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Raindex app to leverage Flare\u2019s FTSO<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Raindex app leverages the Flare Time Series Oracle (<a href=\"https:\/\/flare.network\/ftso\/\" target=\"_blank\" rel=\"noopener\">FTSO<\/a>) to provide for advanced trading, with the Flare decentralized price oracle technology allowing for on-chain trading that taps into benefits of centralised exchanges.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In a press release shared on Tuesday, Flare noted that with Raindex, users can set bid and offer prices as well as activate risk management mechanisms such as stop loss and take profit. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Other customised trading strategies users can deploy include dollar-cost-averaging (DCA), Dutch orders, copy trading and portfolio rebalancing.<\/span><\/p>\n<p><span style=\"font-weight: 400\">These activities are possible because Raindex app uses the Rainlang smart contract language, which allows anyone to design and deploy or manage a trading strategy. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Flare\u2019s FTSO then allows anyone to perform the trades on the user\u2019s behalf but within the constraints of the deployed strategy.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Josh Hardy, co-founder of Rain, said the collaboration with Flare adds to the overall growth of the DeFi space.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">\u201cSecure, reliable data is an indispensable part of the toolkit for anybody writing trading strategies. We\u2019re super excited to introduce Rainlang and Raindex into Flare\u2019s ecosystem, connect with the DeFi community and see what they create,\u201d he said in a statement.<\/span><\/p>\n<\/blockquote>\n<h2><span style=\"font-weight: 400\">Enhanced security for users<\/span><\/h2>\n<p><span style=\"font-weight: 400\">The new platform will utilize Flare\u2019s FTSOv2, taking advantage of its \u201cFast Updates\u201d capability to deliver real-time asset prices. Raindex integration on Flare will also include an extension of Rainlang that eliminates the need for third-party, off-chain data oracles.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Access to real-time asset price data, trading without intermediaries among other added functionality is enhanced by DEX-style security. A user remains in control of their private keys and therefore their digital assets.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Raindex has announced a $12,000 trading contest as it celebrates its launch on Flare. The program is aimed at incentivising the community and will run throughout May 2024.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/raindex-launches-on-flare-to-power-decentralized-cex-style-trading\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison ) 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. [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":28926,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28925"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=28925"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28925\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/28926"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=28925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=28925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=28925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}