About

Primex Finance is a leveraged trading and yield farming protocol that lets users use lender liquidity to boost APY across other DeFi protocols with automation. Users can leverage RWAs, DEX LP positions, leverage trade on spot DEXs, and get into LST, LRT all using lender liquidity with limit orders and position management.

History

Primex Finance was founded in September 2021 by the former Adoriasoft team. The team has contributed to multiple ecosystems, including Cosmos and Polkadot, through various grant programs.

After 26 months of development, the initial Mainnet Beta version of the Primex Protocol was completed in November 2023. This journey included multiple Alpha and Beta testnet releases.

From November 2023 to October 2024, the protocol operated in Beta mode, with a limited list of assets for leverage due to oracle constraints and conservative protocol parameters.

In October 2024, the full version of the protocol was launched, introducing support for more price sources, including DEX liquidity pools, and additional oracles alongside Chainlink. This upgrade enabled leveraging assets that were previously unavailable for leverage on other protocols or as perpetuals.

The next version, scheduled for 2025, will introduce custom portfolios with cross-margining across multiple positions under a unified health factor - enabling advanced yield farming strategies and enhanced risk management.