In a significant development within the blockchain sector, Flare, the leading Layer 1 data-centric blockchain, has partnered with aiPX, a spinoff of Level Finance, to introduce an innovative decentralized non-custodial perpetual exchange on Flare’s network. This groundbreaking collaboration leverages Flare’s Time Series Oracle (FTSO) and aiPX’s expertise in collateral calculations and liquidation thresholds, aiming to redefine the landscape of decentralized trading.
The alliance between Flare and aiPX is built upon a shared vision centered around decentralization, user empowerment, and data access innovation. Sonic, CEO, and Co-founder of aiPX, expressed his excitement for this collaboration, emphasizing Flare’s commitment to decentralization and data accessibility. He stated, “Flare’s platform is the obvious choice for us due to their dedication to decentralization and data accessibility.”
Hugo Philion, CEO, and Co-founder of Flare, reciprocated Sonic’s enthusiasm, highlighting aiPX’s potential contributions to the expanding Flare DeFi ecosystem. Philion stressed the significance of their shared commitment to decentralization and non-custodial products, particularly in leveraging FTSO for collateral thresholds and liquidation calculations.
By utilizing Flare’s native network, aiPX aims to revolutionize the trading experience, enabling users to seamlessly trade directly from their wallets. Notably, the initial liquidity pools on the new exchange will include WUSDC, WFLR, and WUSDT, with additional tokens and bridging models to be introduced by Flare in the future.
The partnership between Flare and aiPX signifies a remarkable leap forward in the blockchain industry, especially for decentralized exchanges. With a focus on risk management and innovative solutions for liquidity providers, this collaboration has the potential to reshape the decentralized trading landscape, offering traders a more comprehensive and user-centric trading experience.
Compiled by Coinbold
