New York, USA, October nineteenth, 2023, Chainwire
Non-custodial protocol for spot margin buying and selling Primex Finance declares the release of its long-awaited mainnet Beta. Representing an important milestone for the protocol, the most recent model has been deployed on Polygon’s PoS chain. As a result, buyers can make the most of the Primex app and get right of entry to spot margin buying and selling at the Uniswap, Balancer, Curve, Sushiswap, Quickswap, and Meshswap DEXs.
Connecting Lenders with Investors, Primex allows Investors to make use of Lender liquidity for leveraged spot buying and selling on current DEXs whilst making the most of CEX-like tooling and interfaces. In trade for supplying property to the protocol, Lenders earn pastime on deposited virtual property. With Primex, Lenders benefit from prime lending APYs and the power to diversify their portfolio in line with their possibility urge for food by the use of Credit score Buckets, specialised liquidity swimming pools that attach lenders with margin buyers.
The protocol achieves decentralized business execution via a community of community-hosted Keepers. As an alternative of the usage of centralized order books (CLOB), Keepers are accountable for executing all computerized trades and liquidating Investors’ dangerous positions to give protection to Lender price range. But even so non-custodial…