SparkDEX is pleased to announce the official launch of its next-generation Perpetual Exchange, SparkDEX Eternal, on Flare Network. Complete with the latest cutting-edge features, most in-demand assets from across sectors, and ultra-high performance trade execution, SparkDEX’s perps are raising the bar in Web3’s thriving perpetuals sector. To complement its unrivaled perps offering, SparkDEX is also bringing high-impact AI services into the mix as it builds out its AI-powered DeFi suite. SparkDEX Eternal marks the suite’s second platform launch in just three months, with its V3 DEX already live and swaps, liquidity pools, active liquidity management, and farming operations online. 

The Power of Perpetual Contracts 

Perpetual contracts are Web3’s very own native derivative instruments that allows traders to speculate on the price of an underlying asset without holding the asset itself. Perpetual contracts are most similar to traditional futures contracts, except that they are always settled in cash and don’t have expiration dates. Perpetuals – or “perps,” as they are often called by traders in the Web3 community – allow users to increase exposure to particular assets, or to establish hedges to protect existing positions they have in spot markets. 

With a solid education in perpetual contracts, Web3 traders can better manage risk, implement more sophisticated trading strategies, and leverage capital from a decentralized network of LPs to increase specific asset exposure. 

SparkDEX Eternal: Next-Gen Features Plus AI SparkDEX Eternal is a product of extensive user feedback, market demand analysis, and a relentless commitment to quality. The result: a truly next-generation platform designed for modern margin traders, liquidity providers (LPs), and farmers in Flare’s data-driven DeFi ecosystem. Every aspect of SparkDEX Eternal has been designed for a streamlined user experience that truly meets market demand. 

Extensive Asset Offering: SparkDEX Eternal provides access to a wide range of blue-chip crypto-assets. Additionally, leading commodities and forex currencies are already on the roadmap. Implementing complex hedging strategies and sophisticated trading strategies across asset classes can now be managed fully and directly from a single on-chain DeFi suite – SparkDEX on Flare!

Increased Leverage: Margin traders across the Web3 market have made their voices heard: they want more leverage on supported assets. By utilizing platform deposits and liquidity more efficiently, SparkDEX Eternal supports up to 100x leverage on prime assets. That means users can leverage additional capital to increase their exposure up to 100 times greater than their initial collateral deposit – talk about a major leg up on the competition. 

Automated Trade Execution: To aid traders utilizing leverage in around-the-clock markets, SparkDEX Eternal supports automated conditional orders, including stop losses, take profits, and trailing stops. No matter what’s on the line, perpetual traders on SparkDEX Eternal can rest easy knowing that their trades will execute at select price points – even while they sleep. 

Full details on the FTSO are available on the official Flare blog. 

Optimized for Traders, Enabled by Flare SparkDEX Eternal’s perps leverage the Flare Time Series Oracle (FTSO) for reliable, rapidly updating, and highly decentralized data feeds. In fact, SparkDEX Eternal has already integrated Flare’s newest, cutting-edge FTSO for superior performance and reliability. 

In the wild world of perpetual contracts, both leverage and tensions always run high, while margins remain narrow. A single tick on the price chart can make the difference between a meteoric gain and a gut-wrenching liquidation. That’s why SparkDEX Eternal has gone the distance to source the most reliable, robust, and precise price feeds in the on-chain domain – and to ensure rapid refreshes at timely intervals. 

By integrating Flare’s FTSO, SparkDEX Eternal provides margin traders with the high-performance user experience they need to manage the high-octane world of perpetuals trading with accurate, real-time funding rate calculations and a fine-tuned liquidation engine they can trust. 

FTSO’s 1.8-second price feed updates optimize for precision and reliability , and prove to be the only decentralized oracle solution fit for SparkDEX’s commitment to quality. 

To complement its performance, FTSO can support up to 1,000 price feeds to cover SparkDEX Eternal’s broad asset offering in blue-chip crypto-assets. Soon, those will also cover commodities and forex currencies. Thanks to Flare’s next-generation oracle solution, advanced traders on SparkDEX Eternal can employ hedges and other sophisticated trading strategies across different crypto assets with ease. 

Setting SparkDEX Eternal Apart: Fine-Tuned Trade Execution and Liquidity Optimization 

In addition to delivering cutting-edge features and integrating Flare’s in-house oracle system as a robust data source, SparkDEX Eternal has been meticulously fine-tuned to ensure an unrivaled user experience. 

For traders, SparkDEX Eternal ensures optimal trade execution by leveraging Metavault’s PerpDEX aggregator to source liquidity across 12+ chains via a process called “chain abstraction” – and all without introducing latency or inefficiencies in the trade execution process. As a result, users benefit from optimized price points and liquidity on each and every trade without any added effort. The best part: all benefits are all reaped under the hood – and you don’t need to know a thing about chain abstraction to enjoy them! 

To that end, it’s not just traders that are reaping the benefits, either – LPs also have a great deal to gain from LPing for margin traders on SparkDEX. On SparkDEX Eternal, every asset is supported by a unique pool, which means open Interest is restricted to one type of collateral – that is, one supported asset. As follows, all trades in that asset pay fees exclusively to that asset’s collateral pool, which allows for enhanced, customizable management of open interest. You’re welcome, LPs! 

Prioritizing Security with the Best in the Industry Even after serving market demand and optimizing performance, no DeFi platform is complete without battle-tested security. SparkDEX went the distance with internal security checks, and followed up its efforts by bringing in Protofire, a premier blockchain audit firm, to perform an independent audit of SparkDEX Eternal. 

As part of SparkDEX’s commitment to resolute transparency, the full audit is available on SparkDEX’s public GitHub repo. 

Excited about SparkDEX Eternal, but still have questions? No problem. 

Join the growing SparkDEX community on all official channels, and connect with the team directly. 

https://linktr.ee/SparkDexAI

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