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Primex Finance is a non-custodial protocol that revolutionizes how users engage with decentralized finance, providing a comprehensive platform for leveraged trading on spot DEXs and yield farming with leverage and portfolio automation.
By utilizing liquidity supplied by lenders, Primex enables users to amplify positions across various DeFi protocols through under-collateralized borrowing, unlocking higher yields, leveraged trading on spot markets, and automation for yield farming and trading.
What Primex Finance consists of?
Primex operates as a comprehensive ecosystem, offering:
- A trading interface for spot DEXs with leveraged, TP/SL, limit orders and position management
- A lending interface for passive investors
- Access to DeFi yield farming strategies
- Retail access to institutional RWAs
- The PricePulse Telegram MiniApp that offers engaging price prediction games and promotions for partner projects
Benefits for users:
With Primex, users can leverage:
-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)
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.
Which challenges Primex Finance aims to address?
Lack of High Leverage Opportunities: Enabling yield farmers to maximize returns on a variety of DeFi protocols made possible by under-collateralized borrowing.
Automation in DeFi: Introducing flexible position management and a unified portfolio concept tailored for sophisticated yield farmers.
Low entry barriers: Providing access to leveraging RWAs, LSTs, LRTs, and DEX LP tokens with no minimum amount requirements.
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.
Centralized trade execution: Eliminating centralized trade execution to ensure true decentralization in DeFi.
Overcollateralization and low leverage: Removing the need for overcollateralization and offering higher leverage.
User experience gaps: Addressing usability issues to make DeFi more accessible and intuitive.
What is a PMX token?
The Primex Token (PMX) is the native token that powers the Primex ecosystem.
PMX is an ERC-20 token with a total supply of 1,000,000,000. It functions as both the governance and the utility token. PMX has multiple utilities within the protocol, which are as follows.
- PMX Protocol Fee. Discounts for paying protocol fee in PMX.
- PMX Staking. Rewards in PMX during the staking period.
- Keeper rewards. Keepers are rewarded in PMX.
- Liquidity mining. Early users incentivisation.
- PMX buyback to Treasury. A portion of the Treasury is used to buy back PMX from the market.
- PMX-based Tiers. PMX holders benefit from fee discounts and increased maximum leverage.
- Buckets and pairs listing. A PMX fee is paid to add a new trading pair.
- Access to RWAs minting via PMX staking. Users should lock PMX to access markets that are not available to retail investors.
- Access to special Buckets. Use of PMX for accessing exclusive assets and leverage opportunities.
- Decentralized governance. PMX is needed to participate in protocol governance.
The live Primex Finance price today is $0.011317 USD with a 24-hour trading volume of $84,729.57 USD. We update our PMX to USD price in real-time. Primex Finance is down 7.01% in the last 24 hours. The current CoinMarketCap ranking is #2080, with a live market cap of $802,185 USD. It has a circulating supply of 70,881,059 PMX coins and a max. supply of 1,000,000,000 PMX coins.