Primex Finance Launches Mainnet Beta for Spot Margin Trading on Polygon
Primex Finance, a non-custodial protocol for spot margin trading, has announced the launch of its long-awaited mainnet Beta. The latest version of the protocol has been deployed on Polygon’s PoS chain, allowing traders to access spot margin trading on popular DEXs such as Uniswap, Balancer, Curve, Sushiswap, Quickswap, and Meshswap. This milestone represents a significant step forward for Primex.
Lenders and Traders Benefit from Primex’s Features
Primex connects lenders with traders, enabling traders to utilize lender liquidity for leveraged spot trading on existing DEXs. Lenders earn interest on their deposited digital assets and can diversify their portfolio based on their risk appetite through Credit Buckets, specialized liquidity pools that connect lenders with margin traders. The protocol achieves decentralized trade execution through a network of community-hosted Keepers.
Liquidity Mining and Referral Programs
To promote early liquidity and trading volume, Primex is launching its Liquidity Mining Program alongside the mainnet Beta. Participants in this program will be eligible for Early Primex Tokens (ePMX) based on their roles and activities. The protocol also introduces an on-chain Referral Program that rewards referrers with commissions and referees with exclusive NFTs that reduce protocol fees and increase lender interest.
“Dedicated months of hard work have led to the launch of the mainnet Beta… Now, with the launch of the mainnet Beta, traders can utilize a rich feature set and interfaces for trading on their favorite DEXs with leverage,” stated Dmitry Tolok, Co-founder of Primex.
About Primex Finance
Primex Finance is a decentralized protocol founded in 2021 that enables spot margin trading on DEXs. It offers familiar CEX-like trading interfaces and tools to enhance flexibility for traders’ strategies.
For more information, visit Primex Finance’s Official Website, follow them on Twitter, or join their Discord.
Hot Take: Primex Finance Empowers Traders with Spot Margin Trading on Polygon
Primex Finance has launched its mainnet Beta, bringing spot margin trading to the Polygon network. This development is significant for traders who can now access popular DEXs and utilize lender liquidity for leveraged trading. The protocol’s decentralized trade execution and specialized liquidity pools offer added benefits for lenders and traders. Additionally, Primex introduces a Liquidity Mining Program and Referral Program to incentivize early participation and reward users. With its user-friendly interfaces and tools, Primex aims to enhance flexibility and empower traders in the decentralized finance space.
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