Primex

Primex

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Primex Finance is a non-custodial prime brokerage protocol that enables traders to access lender liquidity for spot margin trading on decentralized exchanges (DEXs) and other leveraged operations across various DeFi protocols. Powered by a completely decentralized trade execution mechanism, Primex Finance offers advanced trader tools and features for sophisticated trading strategies.
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To be announced
Token Details
Ticker
PMX
Additional Details
Categories
Platform

About Primex

Primex is a new innovation in decentralized exchange and an important advancement in digital asset trading. It allows lenders to provide liquidity and traders to make leveraged trades, with capabilities across a range of blockchains and multiple decentralized exchanges.

Our mission is to revolutionize decentralized finance, creating an inclusive ecosystem that breaks down barriers and empowers users to interact directly without traditional intermediaries.

At Primex Finance, we believe that the financial services of the future should be globally accessible without any limitations based on social position, nationality, or location. We provide a universally accessible trading and investing platform, enabling effortless opportunities for all, and empowering financial autonomy across the globe.

Primex Finance is a non-custodial prime brokerage protocol that connects lenders, traders, market-makers, and liquidity providers. The platform allows for spot margin trading on DEXs and other leveraged operations across various DeFi protocols, all backed by lender liquidity.

Features

Primex allows you to trade with leverage on DEXs and farm yield, backed by trading fees.

Cross-DEX cross-margin trading
Our protocol is not limited to a specific DEX. Traders can open leveraged positions across multiple DEXs and the position can be opened on one DEX and closed on another, depending on multiple factors including available liquidity in the respective pair.

Risk management for assets, trading pairs, and traders
Lenders can diversify their risk across multiple assets, specific traders, and so-called credit buckets. A Credit bucket is a smart contract with a set of trading rules introduced by a community-nominated risk notary to facilitate managing risks for lenders.

Yield farming backed by margin fees
Trading generates much higher returns, meaning traders pay fees to the protocol for each margin trade. Lenders earn interest backed by these fees.

AI-based trader scoring
Traders are continuously evaluated by a decentralized network of ML-based nodes. The scoring defines traders’ risk levels and available buckets. High-scoring traders can survive high volatility and save their positions even when they’re approaching the liquidation price.

No collateral to open a position
To open a leveraged position, traders only need to lock the deposit. The protocol does not transfer any funds to external wallets and, in case of liquidation, the locked assets are transferred to the protocol TVL. Traders use smart contracts within the protocol to interact with DEXs, not their personal wallets.

Fixed interest rate for lenders
By locking funds for a specified time, lenders have the opportunity to fix their interest. Fixed interest is backed by trading fees.

Primex Roadmap

  • Primex V1 — Phase 1

  • Isolated-margin trading
    Cross-DEX trading - open on one DEX and close on another
    Liquidation watchers
    Rewards for early lenders in PMX (lockdrop)
    Deployment on one of the Polkadot Parachains
    Integration with oracles
  • Primex V1 — Phase 2

  • Cross-margin trading
    Community voting for dev proposals with PMX
    Multiple DEXs supported
    Several predefined credit buckets
    Traders can now lock PMX for smaller trading fees
  • Primex V2

  • Custom credit buckets by community-nominated bucket notaries
    AI trader scoring and efficiency notaries are introduced
    Fees optimization for counter positions
    Under-deposited positions - for experienced traders, price fluctuation can now exceed the initial margin
    Cross-asset deposits are now available for traders
    Lenders can now choose buckets
    Improved governance (multiple staking possibilities)
  • Primex V3

  • Inverse synthetic assets to improve trading experience and speed
    Fixed interest rate opportunity for lenders
    Connection to ETH DEXs through bridges
    Delayed trade execution
  • Read More
  • FUTURE FEATURES

  • Under-collateralized lending
    Custom-collateralized synthetic assets
    Risk prediction for lenders

Primex Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Vlad Kostanda
Co-founder, CEO
unverified
Dmitry Tolok
Co-Founder, VP of Growth
unverified
Alex Marukhnenko
CTO
unverified
Anton Demenko
Product Manager
unverified
Tetiana Chumachenko
COO
unverified
Juliia Marchuk
Blockchain Researcher
unverified
Alexander Samandas
Product Manager
unverified
Dmytro Kyparenko
Full-stack developer
unverified
Aleksandr Grankin
Head of Talent Acquisition
unverified
Yana Danylchenko
Talent Acquisition
unverified
Ilya Chitov
HR Manager
unverified

Primex Last News

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