Primex Finance is a non-custodial protocol that connects Lenders and Traders. The protocol allows for spot margin trading on DEXs backed by Lender liquidity as well as provides advanced tooling for trading on-chain.

Off-chain - Isolated trading on centralized exchanges, e.g., Binance users do not trade with Coinbase users.
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On-chain - Variety of isolated chains and DEXs.

Another side effect of this is an inconvenience for users as traders may need to manage accounts on multiple venues which leads to operational hassles.

To address these problems, Primex integrates with multiple DEXs and aggregates multiple liquidity pools to optimize trading experience.

In existing lending protocols, users lock more value than they borrow. With Primex, traders only lock their initial deposits using smart contracts and borrow liquidity from Lenders to amplify their trading positions. Nothing is transferred to external wallets, so there is no need to overcollateralize the entire margin debt.

Primex's goal is to integrate with multiple DEXs, providing traders with unlimited access to a variety of assets listed on these DEXs for leveraged trading.

Primex is designed as a completely open DeFi protocol for spot margin trading. One of Primex's objectives is to make leveraged trading accessible in regions with limitations related to derivatives trading.

Nowadays, some of the big DeFi players rely on centralized trade execution mechanisms, which puts them at risk of being compromised or halted. This approach also neglects one of the main principles of blockchain and DeFi - decentralization, meaning the absence of a central authority controlling users' interactions.

Primex uses a network of special decentralized bots called Keepers. Their responsibility is to execute actions needed for the platform when certain criteria are met, such as position liquidation, stop-loss, take-profit, and limit orders.

Primex does not host any centralized trade execution mechanisms (back-ends, order books, etc.).