Introduction

Getting to Know Flamix

What is Flamix?

Flamix is an advanced decentralized perpetuals exchange native to Flare Network, offering high-leverage trading on crypto, forex, and commodities using any ERC-20 token as collateral. Flamix eliminates price volatility risk from the collateral asset, allowing any asset - from governance tokens to memecoins - to be collateralized without additional liquidation risks. Flamix brings new utility to all tokens in the crypto space, enabling traders to gain exposure to other assets without ever selling their holdings.

Flamix runs on Lynx’s high-performance trading engine, custom-built for the Flare Network with native oracle support and deep ecosystem integrations.

Key Features

Traders:

• Any Token as Collateral: Use any listed token - from governance tokens to memecoins - as collateral to trade perpetuals. We are constantly supporting new collateral options. Note: Flamix is not compatible with fee-on-transfer tokens, re-basing tokens, and ERC777 or ERC1155 tokens (that incorporate callback functionality)

• Price Volatility Protection: Price fluctuations in the collateral asset do not impact the health of a trader's position or move them closer to liquidation

• Guaranteed Payouts for Successful Traders: Funds are earmarked on every trade to ensure that profitable positions are paid out, regardless of black-swan events or bank runs

Liquidity Providers:

• Single-Asset Liquidity Provision: Tailor exposure to specific assets by providing liquidity to select single-asset pools rather than a multi-asset basket (plus no impermanent loss)

• Fee Generation: Absorb trading fees from traders including opening/closing fees, interest payments, liquidation fees, and more.

• Limited Counterparty Risk: Funding rates exchanged between traders help balance open interests and reduce exposure to trader P&L

Listing your Token

Any protocol or DAO on Flare can easily list their token as a supported collateral asset on Flamix, enabling token holders to use it to trade perpetuals. Listing your token on Flamix has many benefits:

• Increased Utility for the Token

• Revenue Opportunities for Token Holders

• Customizable Listing (eg. determine which instruments are tradeable using your token)

Flamix can support any ERC-20 token in an instant, regardless of which chain it's deployed on. Listing your token as a collateral asset on Flamix does not:

• Allow traders to short your token - only use it as a collateral asset

• Sell off your token during liquidations: liquidations create no negative price impact or risk of cascading events

With the flexibility to support any collateral asset, listing on Flamix is quick and easy. To learn more about integration, contact us.