Primex

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.