Primex Finance

Currently, Primex is undergoing its evolution from a spot margin trading protocol with a limited range of assets into a comprehensive platform designed to support a wide variety of tokens with leverage on decentralized exchanges (DEXs). The upcoming protocol upgrade will introduce enhanced support for additional oracles and incorporate Uniswap V3 liquidity pools as a source of price data. This upgrade will enable Primex to rapidly list newly launched tokens and expand its network of supported assets and DEXs. Moreover, Primex offers advanced trading tools comparable to those found on centralized exchanges, thereby enhancing the user experience while maintaining the platform's non-custodial structure.

In addition to its technological advancements, Primex Finance's development continues with strategic initiatives aimed at expanding its ecosystem. Primex has partnered with CoinList to launch the Contribute and Earn Program, a community-driven initiative designed to incentivize trading and lending activity within the Primex ecosystem. Spanning 22 weeks and divided into 11 stages, the program offers participants the opportunity to earn ePMX rewards based on their accumulated points, with the top 200 participants in each round receiving a share of 2.5% of PMX total supply. Additionally, all participants in the Contribute and Earn Rewards Campaign will receive a share of an extra 1% of the total PMX supply.

To further support the Contribute and Earn Program, Primex has been awarded a 42,000 ARB token grant as part of the Arbitrum Foundation's Long-Term Incentives Pilot Program (LTIPP). This grant will be distributed among active lenders and traders on the Arbitrum blockchain over a 6-week period. Participants can earn ARB tokens based on their lending and trading activities, in accordance with the rules of the ongoing Contribute and Earn Rewards Campaign. Rewards will be allocated to the top 200 lenders and traders in each phase, thereby incentivizing liquidity provision and fostering user growth on the Arbitrum network.

Primex Finance offers several key benefits and features, including:

• Non-Custodial Trading: Users maintain control over their assets, reducing risks associated with centralized exchanges.
• Leverage Trading on DEXs: Trade with leverage across multiple DEXs, combining the benefits of decentralized finance with the functionality of traditional exchanges.
• Advanced Trading Tools: Access a suite of sophisticated tools (limit, stop-loss, take-profit orders, limit swaps) designed for experienced traders, enhancing their trading strategies.
• Decentralized Trade Execution: Ensure transparency and security with trades executed directly on the blockchain.
• DEX Aggregation: Benefit from aggregated liquidity across various DEXs, ensuring better prices and reduced slippage.
• Multichain Compatibility: Trade across multiple blockchain networks, including Arbitrum, Polygon, and Ethereum, expanding your trading opportunities.
• Rapid Token Listings: Take advantage of Primex’s ability to quickly list newly launched tokens, offering early access to emerging assets and markets. This feature is especially valuable for traders looking to capitalize on new opportunities.
• Oracle-Agnostic Approach: With the upcoming protocol upgrade, Primex will support multiple oracles as well as Uniswap V3 pools as price sources, enhancing price accuracy and enabling the listing of a broader variety of assets across different networks.

To get started with Primex Finance:

1. Visit the Primex Finance App: Go to https://app.primex.finance/?utm_source=MagicStore and explore the platform.
2. Connect your Wallet: The platform supports various wallets through Wallet Connect.
3. Familiarize Yourself with the Contribute and Earn Program: Begin by reviewing the program rules and key details: https://app.primex.finance/?utm_source=MagicStore
4. Complete Onboarding Quests: Get involved and try some simple quests before diving in: https://app.primex.finance/?utm_source=MagicStore
5. Start Trading or Lending and Advance Your Earnings: Begin by utilizing the leverage options available to start trading, or choose a suitable Bucket to lend your assets and earn interest. To further increase your points and enhance your chances of earning ePMX, engage in advanced quests via: https://app.primex.finance/?utm_source=MagicStore
6. Stay tuned: Keep up with social media updates and the Leaderboard: https://app.primex.finance/?utm_source=MagicStore