Decentralized prime brokerage liquidity protocol

for DEX-agnostic cross-margin trading

We’re Community

Features

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

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 risk buckets. A Risk 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 trading performance

Profitable trading generates much higher returns, meaning traders pay higher fees to the protocol through profit sharing. Lenders will earn more when compared to lending protocols.

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.

How Primex works

Delegators

Stake

Bucket notaries

Trader notaries

Identity
notaries

Efficiency notaries (Neural networks)

Create and evaluate

Perform KYC and evaluate identity

Continuously update score based on deals

DEFI PROTOCOLS

Trade

Risk Profile

Credit (Risk) buckets

Liquidity pool

Provide Liquidity

lenders

Traders

Our Roadmap

Phase 1

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

Phase 2

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

Phase 3

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)

Phase 4

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

Phase 5

FUTURE FEATURES

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

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Our Team

This is our team of blockchain engineers and DeFi enthusiasts who work hard to empower your trading and yield farming opportunities.

Meet the team

Vlad Kostanda

Co-founder, CEO

Dmitry Tolok

Co-Founder, VP of Growth

Alex Marukhnenko

CTO

Anton Demenko

Product Manager