Primex Finance Alpha Testnet

Details

Primex is the cross-chain prime brokerage protocol for cross-DEX margin trading. 

In Primex, 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 Finance Testnet

Primex Alpha is a public testnet version of the protocol that allows users to play Lender and Trader roles in the Rinkeby testnet environment with no risk to their assets. The testnet will help the Primex team to battletest the protocol and collect community feedback before the mainnet release. 
Following the alpha version, the beta version of the testnet is expected. The testnet is part of the Early User Program.

Primex Finance Early User Program

Primex Finance 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 Primex’s versions (Alpha, Beta) once Primex Finance launches the PMX token.

Primex would appreciate it if you could take a look at Primex Alpha to test all the new tweaks and features and let the team know what you think.

The best way to share your feedback is through the Early User Program, which provides participants with early access to new features, exclusive prizes, private challenges, as well as direct communication with the core team and fellow Primex users via private Discord channels.

Roles:

Liquidity Providers (lenders)

Liquidity providers (LPs) will have an increased incentive for getting involved early in the protocol's lifecycle. One of the Primex crucial goals is to see Primex successfully launched - 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 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; Primex needs 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

How to Participate:

Step-by-Step Guide:

1. Follow Primex Finance official Twitter 

2. Join the Primex community on Telegram and Discord  

3. Apply as a Primex Early User

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

5. Get the test tokens using Faucet following the guide

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

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

8. Submit the bug report using the form. 

About Primex Finance

Primex Finance is the cross-chain prime brokerage protocol for cross-dex margin trading. Yield farming backed by margin fees. Risk management for assets, trading pairs, and traders.

Links

• Website
• Twitter
• Telegram
• Discord
• Medium