Primex Finance is a highly flexible leveraged trading and yield farming protocol that addresses overcollateralization, limited asset availability on exchanges, and the lack of automation in DeFi.
On Primex, borrowers utilize lender liquidity to leverage RWAs, DEX LP positions, LSTs and LRTs, trade with leverage on spot DEXs, all with features like limit orders and advanced position management.
Fully open and accessible, Primex requires no minimum amounts or de-anonymization, making it open for everyone from institutional funds to retail users with smaller capital.
With Primex, users can leverage for:
trades for assets not available on CEXs through spot DEXs like Uniswap, Balancer, Curve, and others.
Real-World Assets (RWAs)
DEX LP positions
Liquid Staking Tokens (LSTs)
Liquid Restaking Tokens (LRTs)
In its next iteration, the protocol will evolve into a cross-margin portfolio management tool, featuring automation and enabling users to construct virtually arbitrary PnL profiles with “option-like” behavior.
Primex Finance integrates these features into a single, user-friendly platform with intuitive interfaces. It’s designed to serve the needs of traders, lenders, and yield farmers, offering advanced tools for seasoned DeFi users while remaining accessible to newcomers.
What problems does Primex solve?
Fragmentation of digital asset markets
Off-chain - Isolated trading on centralized exchanges, e.g., Binance users do not trade with Coinbase users.
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.
Overcollateralization in DeFi
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.
Lack of High Leverage Opportunities
Consequently, Primex is enabling yield farmers to maximize returns on a variety of DeFi protocols made possible by under-collateralized borrowing.
Limited assets and pairs
Expanding the range of assets and trading pairs for margin trading beyond what is typically available on CEXs and perps DEXs.
Accessibility and high entry barriers
Providing access to leveraging RWAs, LSTs, LRTs, and DEX LP tokens with no minimum amount requirements. Primex is designed as a completely open DeFi protocol. One of Primex's objectives is to make leveraged operations accessible in regions with limitations related to derivatives trading.
Centralized trade execution still present in DeFi
Nowadays, some of the big DeFi players still 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.
User experience gaps
Addressing usability issues to make DeFi more accessible and intuitive.