Primex Finance Announces New Deployment on Arbitrum One

Summary:

Primex Finance, a non-custodial protocol for spot margin trading on DEXs, has deployed its protocol on Arbitrum One. This milestone allows Primex to increase users’ flexibility, enhance traders’ and lenders’ user experience, and reach a larger audience. The deployment on Arbitrum One is part of Primex’s mission to unify liquidity in the DeFi market.

Introduction:

Primex Finance is a protocol that connects lenders with traders, enabling spot margin trading on decentralized exchanges. By deploying on Arbitrum One, Primex gains access to reduced gas fees, fast confirmation times, and an expanded user base. This deployment is a significant step in Primex’s multichain initiatives and its goal of creating a unified liquidity ecosystem in DeFi.

Main Points:

• Primex Finance connects lenders with traders to enable spot margin trading on DEXs.
• Lenders can earn high lending APYs by supplying liquidity to Credit Buckets.
• Primex facilitates spot margin trading with decentralized trade execution.
• Arbitrum One is a layer 2 scalability solution that offers inexpensive gas fees and fast block times.
• The deployment on Arbitrum One allows Primex to tap into a large user base and expand its audience.
• Primex invites community members to join the Liquidity Mining Program and participate in the Referral Program.

Conclusion:

The deployment of Primex Finance on Arbitrum One is a significant milestone for the protocol. It enhances the user experience, offers reduced gas fees, and allows Primex to tap into a larger user base. With this deployment, Primex is one step closer to its goal of unifying liquidity in the DeFi market.