Primex Airdrop Review: Cross-DEX Cross-Margin Trading

by Cws Team
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About Primex Airdrop

Primex Airdrop is the cross-chain prime brokerage protocol for cross-DEX margin trading. In The , lenders provide liquidity to pools where traders can use it for leveraged trading in cross-DEX environments, while lenders then have an opportunity to earn high yields, their interest is generated from margin fees and profits on successful trades. Lenders will have the flexibility to manage their risks and return by providing liquidity to a variety of Credit Buckets, subsets of liquidity pools that regulate trader risk strategies.

Primex is in its Alpha stage and doesn’t have its own token yet. Early users who participate in the Early User Program may get an airdrop if they actively test all the versions (Alpha, Beta) once the Primex Finance launches the PMX token.

BasicDetails
Token NamePrimex Airdrop
PlatformETH
Total Valuen/a
Support24/7
KYCKYC Is Not requirement
WhitepaperClick Here To View
Max. ParticipantsUnlimited
Collect AirdropClick Here To Collect Free Airdrop

How To Join Age Of Multibank Airdrop

First Step

Apply as a Primex Early User.

Second step

Go to the Primex app and Connect MetaMask wallet (Select the Rinkeby network).

Third Step

Get the test tokens using Faucet following the guide.

Fourth Step

Test the Primex Lender role (deposit / withdraw liquidity to Primex Credit Buckets

Fifth Step

Test the Primex Trader role (open and close positions using market/limit orders, stop loss/take profit).

Six Step

Submit the bug report using the form.

Seven Step

Follow Primex Finance on Twitter.

Eight Step

Join the Primex community on Telegram and Discord.

Nine Step

Primex has confirmed to launch an own token called PMX in the future and users who participate in the Early User Program may get an airdrop if they actively test all the Primex’s versions (Alpha, Beta).

Become a Primex Early User

Primex Airdrop building a truly decentralized protocol which needs to be supported by the community. That’s why we’re inviting early Traders, Liquidity providers, and Keepers to collaborate with the core team and participate in the protocol’s testing and development.

Primex Early user

Liquidity Providers (lenders)

Liquidity providers (LPs) will have an increased incentive for getting involved early in the protocol’s lifecycle. One of our crucial goals is to see Primex successfully launched – so we need to have liquidity in the first credit buckets.

Early Traders

Early Traders use the liquidity from credit buckets, or pools, to margin trade across multiple DEXs. Traders will have early access to Primex Airdrop Finance, including alpha and beta versions of the protocol. Thus, they will have the opportunity to test early versions of the protocol, share ideas, and vote for new features.

Early Keepers

The system’s stability and the security of lenders’ funds depends on the timely closing of positions; we need decentralized Keepers to close trading positions. Since the closing can’t happen on its own, an external stakeholder hosting a keeper is needed

Benefits

  • Communication with other participants in private Discord channels
  • Communication with the core team
  • Early access to the app
  • Ability to take part in private challenges
  • Earn exclusive prizes for early users

Features

Primex allows you to trade with leverage on DEXs and farm yield, backed by leveraged trading profits.

Cross-DEX cross-margin trading

The protocol is not limited to a specific DEX. Traders can open leveraged positions across multiple DEXs and the position can be opened on one DEX and closed on another, depending on multiple factors including available liquidity in the respective pair.

Risk management for assets, trading pairs, and traders

Lenders can diversify their risk across multiple assets, specific traders, and so-called credit buckets. A Credit bucket is a smart contract with a set of trading rules introduced by a community-nominated risk notary to facilitate managing risks for lenders.

Yield farming backed by margin trading performance

Profitable trading generates much higher returns, meaning traders pay higher fees to the protocol through profit sharing. Lenders will earn more when compared to lending protocols.

AI-based trader scoring

Traders are continuously evaluated by a decentralized network of ML-based nodes. Primex Airdrop scoring defines traders’ risk levels and available buckets. High-scoring traders can survive high volatility and save their positions even when they’re approaching the liquidation price.

No collateral to open a position

To open a leveraged position, traders only need to lock the deposit. The protocol does not transfer any funds to external wallets and, in case of liquidation, the locked assets are transferred to the protocol TVL. Traders use smart contracts within the protocol to interact with DEXs, not their personal wallets.

Fixed interest rate for lenders

By locking funds for a specified time, lenders have the opportunity to fix their interest. Fixed interest is backed by trading fees.

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