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· 2 min read
Josh Hardy

Rainlang is a pioneering project that's creating a new programming language for DeFi. We're looking for experienced developers who share our passions and want to be part of the early team working on one of the most unique things in DeFi.

What we’re building

Rainlang is defi’s native language, it’s an onchain language, parsed and interpreted by smart contracts. It’s compatible with any EVM and permissionlessly extensible.

Raindex is a standalone desktop app built with Tauri, that allows anyone to write, deploy and manage token trading strategies, written in Rainlang.

Who we are

Founded by three Australians who are now based in the UK and Tbilisi. The team is spread across the world, from the US to India. All of us are driven by building things we care about.

Who we’re looking for

Location: Remote

Job type: Full time

We are looking for experienced Rust/Typescript developers who want to help create the tooling and applications for a new programming language. You must be:

  • Experienced in developing applications/tools used in production
  • An active user of DeFi
  • Passionate about decentralisation
  • Self-motivated and hardworking

How to apply

Send your resume to [email protected]

· 5 min read
Josh Hardy

Today we’re excited to share the first release of our open source desktop app for our Rainlang powered DEX protocol, imaginatively named Raindex.

Raindex allows anyone to write, deploy and manage perpetual token trading strategies, written in Rainlang, on any EVM network.

We’ve also created an extension to Rainlang, available only on the Flare network, that allows any strategy writer to use the Flare Time Series Oracles (FTSOs) directly within their strategies.

The culmination of three years of dedicated development, the Raindex app gives you the flexibility and power usually associated with CEX trading or running bots, whilst retaining the attributes we’re all here for - it’s trustless, permissionless and decentralised. It empowers users to craft and execute Rainlang strategies without intermediaries, blending the best of both worlds.

How does this look in practice?

  1. Express what you want by writing a strategy in Rainlang
  2. Deposit your tokens into vaults and deploy your order
  3. Sit back and relax - fillers compete for your order flow

This is a totally new kind of DEX, where traders can move past "one size fits all" AMM curves and be given total freedom in how they express their trades. It’s also completely onchain, which means users don’t need to put their funds in someone else’s hands or put their hot wallet private keys in a bot connected to the internet.

This is a community launch, so for now the contracts are unaudited. Use at your own risk and as always, please DYOR.

The app

What can you do with the app?

As of today you can use the app to:

  • Write, save and load strategies via the .rain file format
  • Run monte carlo modelling and produce charts
  • Deploy your strategies
  • Deposit and withdraw into your vaults
  • Get real-time updates on your strategies’ progress

There’s a few layers of the stack that have come together to make this happen:

  • Rainlang, a new smart contract language that is itself parsed and interpreted onchain by smart contracts
  • The Raindex smart contracts and protocol - this includes everything onchain as well as the fillers who actually execute orders
  • Finally, the Raindex app - a fully self-hosted way to write Rainlang and interact with the protocol with no intermediaries

We see Rainlang and Raindex going far and wide, but it’s early days and therefore our first users are early adopters. For now, what does a Raindex user look like?

  • They aren’t afraid of a learning curve and enjoy taking responsibility for their onchain activities if it means more security and utility
  • They are inherently creative, and they’ll think of ideas for this that we haven’t
  • They want to run trading or market making strategies over time, but don’t want to run any infra or bots of their own
  • They value decentralisation and want to do all of the above trustlessly and non-custodially
  • They join us in Telegram to share experiences so we can all learn and improve Rain together

What is Rainlang?

Rainlang is the native language of DeFi. If you can write an Excel formula, we think you can learn to write Rainlang.

Rainlang is:

  • Parsed & interpreted onchain (by a smart contract)
  • Permissionlessly extensible (add your own words to the language)
  • Immutable (none of the contracts are upgradable or have admin keys)
using-words-from flare-sub-parser

/* ensure that the cooldown time has elapsed since the last trade */
:ensure(
greater-than-or-equal-to(
block-timestamp()
int-add(get("last-traded") 43200) /* 12 hrs in seconds */
)
),

/* getting a quote from the Flare FTSO */
max-output: 100e18,
price: ftso-current-price-pair(‘USD’ ‘WFLR’ 3600),

:set("last-traded" block-timestamp());

The above Raindex order buys $100 worth of WFLR every 12 hours, at the current price returned by the Flare Time Series Oracle (FTSO). If you don’t think you could’ve written it yourself, at the very least you can probably understand it and maybe even tweak it to suit your purposes.

What other kinds of strategies can you run? Pretty much anything you can imagine… That said, we have a few ideas:

  • Other flavours of Dollar cost averaging (DCA):
  • Stop loss
  • Dutch orders
  • Portfolio rebalancing
  • Market making and liquidity management
  • Trend tracking trading strategies

Flare deployment and the Flare Time Series Oracles (FTSOs)

As you may have noticed in the example above, we’re using the Flare FTSOs to make sure our order is always offering the up-to-date market price for FLR. This is a subparser available only on Flare and an example of new words can be added to Rainlang, totally permissionlessly. We’ll be further extending this subparser with new words for EMAs, bringing even more power to those writing strategies with Raindex.

Why is this cool? Flare offers a unique trust model for the oracles on their network as the data availability and integrity is provided by the validators themselves. Raindex exposes these oracles directly to traders, without needing devs.

The Flare FTSO words are not only available in Raindex, but anywhere Rainlang is being used. Anybody building DeFi products with Rainlang can use these words.

Getting started

If you’d like to get started, check out our first videos, where you can learn how to deploy your first strategy.

If you need support or have any questions, @thedavidmeister, @dcatki or @highonhopium are always in the community Telegram group.