Flare, the blockchain for data, has introduced the Raindex desktop app, a new intents-like DEX and provides centralized exchange-level trading capabilities using the Flare Time Series Oracle (FTSO). Users may now mimic other traders’ methods in a trustless, fully-permissionless, decentralized manner on-chain by setting bid and offer prices, turning on stop loss and take profit mechanisms, and more.
The Raindex app leverages Flare’s native decentralized price oracle, the FTSO, for dependable and safe asset price triggers. It does this by using the user-friendly Rainlang smart contract language, which enables anybody to create, develop, deploy, and manage bespoke token trading strategies.
Raindex uses an intents-like architecture to do this. Users may build up numerous future transactions as part of a strategy deployed in a single transaction by defining their intended trade outcomes without having to detail how the trade is completed. Within the parameters of the pre-
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