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PMX
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$ 0.009364
Total Raised
What is Primex Finance?Primex is a non-custodial protocol that seamlessly connects lenders with traders, empowering traders to amplify their trading positions with leverage on popular decentralized exchanges (DEXs), such as Uniswap, Balancer, Curve, and more. Read More
What is Primex Finance?Primex is a non-custodial protocol that seamlessly connects lenders with traders, empowering traders to amplify their trading positions with leverage on popular decentralized exchanges (DEXs), such as Uniswap, Balancer, Curve, and more.As a trader, enjoy several benefits without relying on any centralized party. Utilize a range of trader tools, such as limit orders and position management, while using interfaces that are similar to the ones on centralized exchanges. By using multiple DEXs aggregated by Primex, you can achieve optimal pricing for your trades.As a lender, you have an opportunity to earn passive yield and additional rewards by depositing your funds into the special liquidity pools - Primex Credit Buckets - and participating in the Liquidity Mining program.Benefits for Traders:Completely non-custodial, with no exposure to centralized order booksAdvanced CEX-like trading tools and interfacesSpot leverage powered by real lender liquidityCross-DEX trading allows users to engage in margin trading on multiple decentralized exchanges (DEXs) simultaneouslyAccessible for everyone worldwideAl-based trader scoring based on on-chain trading history in upcoming versionsCross-margining capabilities in upcoming versionsCross-chain deposit transfers and swaps planned for future versions in upcoming versionsBenefits for Lenders:Completely non-custodial, with support for multiple walletsAccessible for everyone worldwideHigher APY through better liquidity utilization (undercollaterized lending)Risk management and diversification via a variety of credit buckets and assetsFixed interest rate opportunities available in upcoming versionsConvenient cross-chain lending capabilities in upcoming versionsWhat is PMX?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:Protocol fee discounts for TradersKeeper incentivizationLiquidity mining rewards for Traders and LendersListing fees for introducing new Credit Buckets and trading pairsFacilitating consensus among Keepers and Notaries through staking.Additionally, PMX grants its holders access to special Credit Buckets and trader tiers.It's important to note that initially, PMX will have limited utility, which will gradually expand as the Primex roadmap progresses. For example, the early release of PMX (ePMX) will be non-transferable, with a fully functional and transferable token replacing it later.