Raindex

Raindex is an onchain orderbook contract that enables users to deploy complex, onchain strategies for managing token trades.

Unlike traditional order books, Raindex orders contain dynamic algorithms that express how tokens should move between vaults.

Strategies are expressed using Rainlang, a domain specific language that is interpreted onchain. Every strategy must evaluate to a maximum amount and a price ratio for a trade; but other than that, strategies are near-infinitely flexible. In addition, Rainlang itself is permissionlessly extensible - the protocol allows for many interpreters supporting many possible versions of the language.

Rather than doing token approvals, users deposit their tokens into vaults, which are like virtual accounts within the orderbook. Orders reference input/output vaults. There can be many inputs and many outputs for an order, e.g. a user could accept a number of different stables for WETH. Different order can also reference the same vaults, which allows for even more sophistication when building meta-strategies.