- SparkDEX Eternal launches eternal contracts on the Flare network.
- For cryptocurrencies and commodities, users get leverage of up to 100x.
SparkDEX has launched the first permanent decentralized exchange on the Flare network, which is called SparkDEX Eternal. This platform enables traders to speculate in perpetual contracts without even needing to buy the underlying assets. It is also a strong tool for exposure management across the cryptocurrency markets, commodities, and forex.
It is thanks to Flare’s Flare Time Series Oracle, FTSO, which offers precise, decentralized data for trading successful perps. The update frequency for FTSO is 1.8 seconds and makes possible accurate funding rate computation with a trusted liquidation engine. With this high-speed Oracle, SparkDEX Eternal allows fast and accurate trading performance.
Trading opportunities with SparkDEX Eternal
SparkDEX Eternal offers the following benefits: massive advantages for both traders and liquidity providers. With it, a trader is able to open positions with leverage of up to 100x. This applies to FLR and other popular coins. Therefore, the multichain liquidity provision would enhance execution and create a more stable trading environment. For utmost flexibility, users can use the feature that lets them undergo portfolio management with automated conditional orders.
SparkDEX Eternal will strategically be better placed to offer a wider range of trading opportunities with forthcoming support for the premier commodities and foreign exchange markets. In addition, users participating in the Flare DeFi Emissions Program may be eligible for rFLR rewards, providing a powerful incentive for deeper liquidity and increased market participation.
Since its launch, SparkDEX has processed over $409 million in trading activity and is open to expanding its user base within the Flare network. SparkDEX Eternal proposes one of the most famous financial derivatives with one primary goal: to bring wider participation from advanced traders and liquidity providers in DeFi.
The SparkDEX Eternal marks a crucial milestone in the rapidly changing landscape of decentralized finance: Flare cements its leading position as the stronghold for complex data-driven applications in DeFi.
