Primex Finance (PMX)

Primex Finance is a leveraged trading and yield farming protocol that lets you use lender liquidity to amplify your trades on DEXs and boost your APY across various DeFi protocols.

Seed Funding: $5.7M

Whitepaper

Onepager

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Interest lvl

Medium

Updated: Jan 26, 2025

Learn more about our rating

User Rating

Highest

5/5 • 2 votes

Ticker

PMX

Type

Utility-token

FoundedUkraine

Registration countryEstonia

Registration year2021

Office addressVesivärava tn 50-201, Tallinn, Estonia, 10152, EE

Launchpads

Magic Square ChainGPT EESEE

+2

What is Primex Finance

Primex is a prime brokerage liquidity protocol that provides margin trading available across DEXs. Lenders provide liquidity to pools and traders are scored before they can access funds, while traders can access leverage and open positions on one DEX and close on another. 

Primex allows traders to work in a cross-DEX environment, with the aim to open up trading across platforms and increase profits. In turn, lenders can increase their yields with interest generated through trading profit shares and margin fees. 

Risk is managed through risk buckets - lenders can place their funds in one or many risk buckets. These are subsets of liquidity pools that allow lenders to be confident in the risks they take. Buckets and traders are scored by notaries who are, in turn, rewarded for their work through tokens.