## Introduction:
SparkDEX has made a significant stride in the decentralized exchange realm by launching SparkDEX Eternal, the first perpetual decentralized exchange (Perp DEX) on Flare. This innovative platform offers users the ability to engage in perpetual contracts and access various assets without owning the underlying instruments. Let’s delve into the details of this groundbreaking development.
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## SparkDEX Eternal: Revolutionizing Perpetual Contracts Trading on Flare
SparkDEX has recently introduced SparkDEX Eternal, marking the first-ever perpetual decentralized exchange (Perp DEX) on Flare. This initiative revolutionizes the way users can incorporate perpetual contracts into their trading strategies while gaining exposure to multiple assets without having to possess the real assets.
### Fast Decentralized Data Delivery
One of the key factors behind the success of SparkDEX Eternal is Flare’s Flare Time Series Oracle (FTSO), which facilitates speedy and accurate decentralized data delivery crucial for effective perp trading. Steve, the founder of SparkDex, emphasizes that the 1.8-second price feed updates from FTSO ensure precise funding rate calculations and a reliable liquidation engine for SparkDEX Eternal, enhancing the trading experience for margin traders.
### Perpetual Contracts and DeFi Utilities
Perpetual contracts, supported by SparkDEX Eternal, offer users the flexibility to maintain positions indefinitely, as long as they meet the margin requirements. This feature allows for short-selling, leverage, and hedging strategies. Furthermore, by availing up to 1,000 price feeds across various assets, FTSO plays a crucial role in ensuring accurate data provision for funding rates and liquidation support.
### Enhancing DeFi Services
With the introduction of SparkDEX Eternal, users now have access to leveraged positions on FLR and other cryptocurrencies, with plans underway to add commodities and forex. The platform also offers automated conditional orders, customizable open interest, and cross-chain liquidity, providing opportunities to earn rFLR rewards through the Flare DeFi Emissions Program.
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## Conclusion:
The launch of SparkDEX Eternal signifies a major step forward in the decentralized exchange space, particularly in the realm of perpetual contracts trading. By leveraging advanced technologies like FTSO and offering diverse DeFi utilities, SparkDEX aims to enhance liquidity and encourage active participation within the trading and liquidity provision communities. This development further solidifies Flare’s position as an emerging force in the blockchain industry, with promising opportunities for future growth and innovation.
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*This article was originally published on Finbold.*