Primex Finance Expands to Arbitrum, Boosting Leverage Trading on Decentralized Exchanges
In Brief
Primex Finance's introduction of non-custodial spot margin trading services on Arbitrum One enhances user freedom and extends its foothold in the DeFi landscape.
Primex Finance Renowned for its non-custodial spot margin trading protocol across various decentralized exchanges, Primex has unveiled its latest operations on Arbitrum One.
This move, following its launch on Polygon PoS This deployment is a crucial milestone in Primex’s multichain initiative, set to provide users with increased flexibility, richer trading experiences, and an expansive reach within the DeFi sector.
Primex Finance seeks to consolidate liquidity in the DeFi space by linking traders with lenders for spot margin trading on DEXs. This allows traders to leverage tools and interfaces akin to those found in centralized exchanges, while lenders may enjoy higher APYs by supplying liquidity into Credit Buckets, which are specialized liquidity pools managed by smart contracts.
These liquidity pools not only provide interest on the assets deposited but also permit lenders to diversify their portfolios based on their individual risk tolerances.
Trade Execution and Future Plans
Arbitrum One Built as a layer 2 solution utilizing Optimistic rollups, Arbitrum offers improved transaction speeds and lower gas fees, all while ensuring the security afforded by Ethereum.
With over $7 billion in total value locked and 14.1 million unique addresses, the market potential for decentralized finance on Arbitrum is significant.
Primex’s launch on Arbitrum promises to tap into this vast market, allowing users to enjoy lower costs and quicker transactions while reaching a much broader audience.
A standout feature of Primex Finance is its innovative approach to enabling decentralized trade execution, moving away from conventional central limit order books (CLOBs) to a system reliant on Keepers. These Keepers automate trade executions and handle the liquidation processes for unproductive positions. Looking forward, Primex intends to enrich its protocol with additional leveraged operations based in DeFi.
Primex ‘s Community Engagement Initiatives
Alongside its Arbitrum rollout, Primex invites its community to join a Liquidity Mining Program designed to generate liquidity in Credit Buckets within the layer 2 ecosystem.
Participants can earn rewards tied to their contributions and roles. Moreover, Primex has launched a Referral Program, enabling users to gain rewards based on the revenues generated from referred activities or exclusive Early Primex NFTs.
Primex Finance's foray into Arbitrum One signifies a pivotal enhancement to its non-custodial spot margin trading capabilities on DEXs.
This strategic move not only augments its operational limitations but also responds to the escalating demand for more efficient and economically viable DeFi solutions. Primex’s collaboration with Arbitrum and its community-oriented initiatives are vital strides in solidifying its place within the competitive decentralized finance arena.
For further inquiries, please contact Anton Demenko, CMO of Primex Finance at
Disclaimer
In line with the Trust Project guidelines Please keep in mind that the information shared on this page is not intended to serve as, and should not be construed as, legal, tax, investment, financial, or any other form of guidance. It's crucial to invest only what you can afford to lose and seek independent financial advice if you have any reservations. For more details, we recommend reviewing the terms and conditions as well as the help and support resources offered by the issuer or advertiser. MetaversePost aims for accurate, unbiased reporting, though market conditions can change without prior notice.
