The Primex Finance

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 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 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.

How Primex works

Delegators

Stake

Notaries

Bucket
notaries

Efficiency notaries (Neural networks)

Create and evaluate

Continuously update score based on trades

DEFI PROTOCOLS

Trade

Risk Profile

Credit (Risk) buckets

Liquidity pool

Provide Liquidity

lenders

Traders

Our Roadmap

Phase 1

Primex Alpha

Isolated margin trading
Market and limit orders
Stop loss / Take profit
Cross-DEX trading - open on one DEX and close on another
Liquidation of risky positions
Independent keepers
Integration with oracles to get relevant prices
DEX selector
Several predefined credit buckets
Public testnet - Rinkeby

Phase 2

Primex Beta

New DEXes supported
Swap splitter
Basic tokenomics
Traders can modify existing deals
Mathematically proved risk parameters
Deployment to public testnets of other EVM-compatible chains
Mobile version

Phase 3

Primex V1

Audits passed
Mainnet launch
Community voting for development proposals
Multiple language support

Phase 4

Primex V2

Cross-margin trading
Custom credit buckets by community-nominated bucket notaries
AI trader scoring and efficiency notaries are introduced
Buckets with trading conditions depending on trader score
Cross-chain trading support
Lenders can now choose groups of buckets to support
Improved governance (multiple staking possibilities)
Decentralized keeper network

Phase 5

FUTURE FEATURES

Under-deposited positions (for experienced traders price fluctuations
can now exceed the initial margin)
Fixed interest rate opportunity for lenders
Fees optimization for counter positions
Under-collateralized lending