Primex Finence: Alpha Test

Primex Finance is a decentralized prime brokerage liquidity protocol for cross-margin trading that is independent of DEX. Primex allows you to trade with DEX leverage and farm returns backed by leveraged trading profits.

The platform allows users to borrow and lender cryptocurrenceis; Lenders can earn interest income, and borrowers can get loans quickly and anonymously. Simply put, the Primex protocol works similarly to the traditional lending model.

However, the main difference between Primex and the traditional lending model is that neither the buyer nor the seller interacts directly with each other. Lenders lock up their cryptocurrencies in the liquidity pool.

At this stage, there are 3 roles in the project:

• Trader - is a regular user, a person trades on a certain DEX
• Lender - is, more precisely, one who provides liquidity under % and receives dividends from it.
• Keepers - are offline nodes that protect the capital of liquidity providers and help traders automate transactions.

At the moment we can test only 2 roles - Trader and Lender.

Let's go to the website. We connect Metamask by pre-selecting the Rinkeby network.

• Next, we'll get tokens from the faucet.

• Mint every token.

P.S For these steps we need ETH tokens in this test network, so we request tokens here.

• Now go to the Lend-> Buckets tab.

Currently available pools with

• WETH
• WBTC
• USDC

Therefore, select any of these 3 and click Deposit.

• Next, choose the number of tokens and make our contribution, then make a confirmation in MM.

Suddenly, if you need to withdraw your tokens, then when hovering over our pool, there is a Withdraw button.

• We are now moving on to trade testing. Click on the Trade-> Margin Trading tab.

• We choose trading pairs for trading.

Then perform a series of actions:

1. We set Take-Profit / Stop-Loss or we can disable this feature
2. We choose DEX for trade
3. We expose a shoulder
4. Choose the amount of the deposit for the transaction
5. Click on the blue button to place your position.
6. Then confirm all transactions in MM and trade to your satisfaction;)

After we have fully tested the platform, we go to the Discord project and write off our feedback.

If you find errors, we also talk about it to the admins and write them off in lk;)

That's it, follow the announcements and subscribe to all social networks!