• Primex Finance is launching its mainnet Beta in September 2023, after a 12-week auditing process.
• The mainnet will support leveraged trading of Wrapped Ether (wETH), Wrapped Bitcoin (wBTC), Polygon (MATIC), USD Coin (USDC), and Tether USD (USDT).
• In addition to margin trading, users can engage in spot 1X trades and decentralized limit swaps on the platform.
Primex Finance Launches Mainnet
Primex Finance is excited to announce the launch of its mainnet Beta in September 2023 following a 12-week audit by independent auditors. The mainnet will provide users with access to leveraged trading of various assets including Wrapped Ether (wETH), Wrapped Bitcoin (wBTC), Polygon (MATIC), USD Coin (USDC) and Tether USD (USDT).
Primex Credit Buckets
The launch of Primex’s mainnet will also introduce Primex Credit Buckets, specialized smart contracts that facilitate margin trading on the platform. Lenders will have the opportunity to earn yield through providing liquidity to these credit buckets while traders can borrow assets for spot margin trading.
Spot1X Trades & Decentralized Limit Swaps
In addition to margin trading, users can participate in Spot1X trades and decentralized limit swaps on the platform as well.
Launch Platform & Version Updates
For its initial deployment, Primex will be launching on the Polygon PoS network which is fast-growing and has an established ecosystem. After the launch of V1, subsequent protocol versions are expected to be rolled out in early 2024.
Conclusion
Primex Finance’s upcoming mainnet launch is sure to bring numerous opportunities for traders as well as lenders looking for yield through supplying liquidity to credit buckets on the platform.