Flare introduces a new perpetuals exchange called Flamix, which provides fast and flexible access to trading. Flamix offers unique features built on Flare’s robust infrastructure.
What can Flare users do on Flamix?
Flamix offers users a direct way to access global markets using Flare’s infrastructure in conjunction with the Lynx trading engine. Key features include:
* Trading with up to 500x leverage across cryptocurrencies, forex, and commodities. * Using any asset as collateral, including governance tokens, LP tokens, staking derivatives, and memecoins. * A dual rewards system consisting of rFLR and FLMX points at launch.
How does Flamix stand out from other perpetuals exchanges?
Flamix has been designed with features that cater to both traders and liquidity providers. Key characteristics for traders include:
* Using any token as collateral for trading without needing to sell. * Fast and fair execution of orders due to Flare’s infrastructure combined with Lynx engine. * Protection from volatility, where collateral price fluctuations do not automatically lead to position liquidation.
For liquidity providers, Flamix offers:
* Single-asset pools without the risk of impermanent loss. * Multiple sources of fees including trading, funding, and liquidation fees. * Balanced exposure due to smart funding rates helping stabilize risk.
What makes this launch significant?
The launch of Flamix on Flare combines high-performance trade execution with reliable on-chain data. The Flare Time Series Oracle (FTSO) provides essential accurate pricing for perpetuals, while low fees and an efficient network allow for high-frequency, high-leverage trading. Moreover, Flamix enhances the utility of a wide variety of tokens on Flare (e.g., FLR, sFLR, USDT0, FXRP) by enabling them to be used as collateral.
Flamix represents a significant advancement in expanding DeFi opportunities on Flare, providing users with unique tools for trading and liquidity provision.
