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Trade perpetuals with any asset as collateral with Flamix

Flare Updates

Flare would like to welcome Flamix, a new perpetuals exchange built natively on the Flare network and powered by the Lynx trading engine. Designed to make perpetuals trading on Flare faster, more flexible, and more rewarding, Flamix introduces features never before seen on Flare. 

What can Flare users do on Flamix?

By combining Flare’s native data infrastructure with Lynx’s proven execution layer, Flamix gives users a new way to access global markets directly on Flare.

Highlights:

  • Trade with up to 500x leverage across crypto, forex, and commodities.
  • Any asset as collateral turns governance tokens, LP tokens, staking derivatives, and memecoins into assets that can be used as collateral.
  • A dual rewards system consisting of rFLR and FLMX points at launch

How does Flamix stand out from other perpetuals exchanges?

Flamix is designed with features that appeal to both traders and liquidity providers.

For Traders:

  • Any-asset collateral: Use any token as collateral to trade global markets without selling your tokens.
  • Fast & fair execution: Flare’s infrastructure combined with the Lynx engine delivers smooth and reliable order fills.
  • Volatility protection: Collateral price movements do not automatically push positions closer to liquidation.

For Liquidity Providers:

  • Single-asset pools: No impermanent loss risk.
  • Multiple fee streams: Users can earn through trading, funding, and liquidation fees.
  • Balanced exposure: The system’s smart funding rates help stabilize risk exposure.

What makes this launch significant?

The Flamix launch on Flare brings together high-performance trade execution with reliable on-chain data. The Flare Time Series Oracle (FTSO) provides the accurate pricing needed for perpetuals, while the network’s low fees and efficient environment make high-frequency, high-leverage trading possible. This demonstrates how protocols can capitalize on Flare’s data infrastructure to power new financial tools.

Additionally, Flamix brings utility to the wide range of tokens on Flare (e.g. FLR, sFLR, USDT0, FXRP), from governance tokens to staking derivatives to project tokens, by letting these assets be used as collateral.

How does the dual rewards system work?

The dual rewards system will be available on launch, consisting of rFLR Points and FLMX Points.

  • rFLR Points: Flamix is integrated into the Flare DeFi Emissions Program. rFLR points on Flamix will determine a user’s rFLR incentives payout that will be distributed at the conclusion of the reward epoch on Flare Portal.
  • FLMX Points: Long-term rewards that will continue to accumulate until the launch of the FLMX token (date TBA).

This system provides both immediate incentives for early adopters, as well as longer-term benefits for committed and active participants.

Getting started

Flamix is now live on Flare! To start trading or providing liquidity, follow these steps:

  1. Connect your Flare wallet on flamix.trade
  2. Deposit your preferred tokens
  3. Trade global markets or supply liquidity
  4. Earn rewards

Simple! And just like that, Flamix marks another step in expanding the range of powerful and user-friendly DeFi opportunities available on Flare.