Primex

Project Overview

Proven Track Record

• $6.6M+ Raised: Successfully raised funding to support development and growth.
• Margin Trading Interface for leveraged trading on DEXs, supporting 4 chains, more than 30 DEXs, and 298 markets.
• Yield Farming Interface Introduced for leveraged yield farming for top assets like those by Ethena, Lido, Renzo, Ether.Fi, Frax, Ondo, Paxos, Threshold, and more.
• Launched Primex perpetual futures trading as a new functionality for Traders, powered Orderly Network
• 35+ Strategic Partnerships and Integrations: Collaborated with chains, wallets, infrastructure providers, token issuers, and others.
• Token Launch Partners include top auditing firms (Halborn, Hacken, Omniscia), launchpads (Fjord, Tokensoft, etc.), and media platforms (Cointelegraph, Cryptorank).
• Primex PricePulse Telegram Mini App: Launched a game with more than 1M total users.
• Grants Awarded: Received Uniswap-Arbitrum and Arbitrum LTIPP grants.
• Fully audited by top firms including Halborn, Quantstamp and Resonance.

Core Value Proposition

Primex Finance is the first protocol in DeFi that successfully solved overcollateralization and brought automation to DeFi, making advanced features such as leverage and automation available for tokens that are not accessible on centralized venues while offering a similar set of functionality and interfaces.

Primex is a flexible platform offering the highest APYs for RWAs, LSTs, LRTs, and DEX LP tokens, with no minimum amount requirements, making it accessible to both large users and smaller retail users. Additionally, users can utilize the Primex trading interface to access leveraged trading on spot DEXs, perform limit swaps, and enjoy zero interface fees.

Technical Infrastructure

There are four roles on Primex: Lender, Trader, Farmer, and Keeper.

Lenders provide liquidity to specialized pools known as Credit Buckets, earning interest from borrowing fees paid by traders. Unlike traditional lending pools, where liquidity is transferred to borrowers’ wallets for unrestricted use, Credit Buckets are designed specifically for leveraged operations under predefined terms.

Traders on Primex leverage liquidity from Credit Buckets to perform margin trading across multiple DEXs. These Credit Buckets come with specific requirements for assets, trades, and traders, defining conditions such as supported trading pairs and maximum leverage limits. Unlike traditional lending protocols, where borrowers gain full control of borrowed funds, Primex traders do not receive liquidity directly into their wallets. Instead, they can only use the borrowed liquidity to swap into another asset to open a position and swap back to close it, ensuring controlled and secure liquidity usage. 

Farmers. Leveraged Farming on Primex enables users to borrow capital and apply leverage to amplify their returns from yield farming strategies. By utilizing borrowed funds, farmers can substantially increase their position sizes, maximizing potential profits from staking, liquidity provision, and other DeFi strategies. Unlike traditional lending protocols that often impose over-collateralization requirements, Primex provides a more capital-efficient solution for yield farming.

Keepers. The stability and security of the Primex protocol depend on the timely liquidation of risky positions to safeguard Lenders’ funds. The closing swap must fully repay the borrowed tokens along with any accrued fees to ensure this.

However, initiating a liquidation or executing a conditional order in a smart contract requires an external transaction. Keepers are responsible for performing these actions within Primex on behalf of the protocol.

The protocol's robust capabilities are demonstrated through key partnerships and integrations:

Market Opportunity & Positioning

The current DeFi trading landscape presents significant challenges, primarily due to the lack of advanced tooling compared to CeFi. Features like automation and leverage remain limited, compelling sophisticated investors to navigate multiple protocols to manage their portfolios effectively, rather than relying on a single, user-friendly interface.

In its next version, the protocol will introduce an advanced cross-margin portfolio, enabling multiple positions in liquid staking, restaking, RWAs, and DEX LP tokens, all managed under a unified health factor for enhanced risk and APY management.

Primex will continue to serve passive lenders, sophisticated yield farmers, and traders seeking leverage and automation for newly launched tokens.

Token Utility & Economics

The PMX token is the utility token and value accrual mechanism for the Primex Finance protocol. With a total supply of 1,000,000,000 tokens, Primex will launch with an initial market capitalization of $5,149,151 and a fully diluted valuation (FDV) of $40M at TGE. This strategic valuation supports sustainable growth while providing attractive entry points for participants.

The protocol generates revenue from various sources, including protocol fees, leverage fees, listing fees, and yield farming fees. A portion of this revenue is allocated to buy back PMX tokens from the market, driving value for holders. In addition to future governance participation, PMX holders benefit from reduced platform fees and can stake tokens to access exclusive features.

The token distribution structure balances community rewards with long-term development:

• Community & Ecosystem: Supporting early adopters through liquidity mining and ecosystem initiatives
• Foundation & Strategic: Enabling sustained protocol development and partnerships
• Team & Development: Ensuring long-term commitment with extended vesting periods
• Public & Private Sale: Providing market access with optimized distribution

The public sale features 100% unlock at TGE with a hard cap of $100K, offering immediate utility access while other allocations maintain longer vesting schedules to ensure sustained protocol growth and development.

Agentlauncher Token Sale Information

The PMX token sale will be conducted through Agentlauncher with a structured participation process. The whitelisting period runs from January 2nd to January 8th, followed by the token sale from January 8th to January 15th.

The PMX token sale will be conducted through Agentlauncher on a first come, first serve basis, using a whitelist to manage interested parties. The fundraising network will be Binance Smart Chain, using USDT and USDC as options for investment. The main interest points for Agentlauncher users regarding this public sale are the two significant advantages for this round's participants:

• 100% unlock at TGE - Unlike other allocations which have lengthy vesting periods public sale participants receive immediate access to their full token allocation
• Attractive initial valuation at $40M FDV, with initial market cap of $5.15M, a compelling entry point given the protocol's proven metrics and $6.6M+ raised

Registration Process:

• Complete the whitelist form
• Create an account on app.cvpad.io
• Complete KYC verification
• Await whitelist approval (limited to users who complete the whitelist form)
• Eligible to participate from January 8th

IMPORTANT: Only whitelisted participants who complete all registration steps will be approved for participation in the token sale.

Restrictions

This investment is not available to residents of restricted jurisdictions including Britain (UK), Canada, Congo, Democratic Republic of the Congo, Iran, Korea (North), Libya, Somalia, South Sudan, Sudan, Syria, United States, Yemen, Crimea, Donetsk, Luhansk, Kherson, Zaporizhia, Cuba, Seychelles

Core Team & Strategic Partners

Primex Finance is developed by a team of experienced blockchain engineers and fintech professionals:

• Vlad Kostanda (CO-FOUNDER, CEO): Expert blockchain engineer and consultant with a Master's in Cryptography, bringing extensive experience in blockchain layer one and smart contract development, architecture, and cryptography implementation
• Dmitry Tolok (CO-FOUNDER, VP OF GROWTH): Business development specialist with deep expertise in blockchain, healthcare, and fintech sectors, holding degrees in Information Systems Management
• Alex Marukhnenko (CTO): Cryptography and cybersecurity expert with a Master's in Information and Communication Systems Security from Kharkiv National University, winner of multiple national cryptography contests
• Anton Demenko (CMO): Accomplished product and marketing strategist with expertise in digital marketing,analytics and product management

The core development team has delivered significant market milestones, supporting 4 chains, more than 30 DEXs, and 298 markets. The protocol's development is validated through strategic partnerships with industry leaders such as Lido, Rocket Pool, Renzo, Ether.Fi, Frax, Ondo, Paxos, Ethena, Pyth, Supra, and others to expand ecosystem capabilities.

Revenue Model

Primex Finance implements a comprehensive revenue model with multiple fee streams designed to support sustainable protocol growth:

Development Roadmap

Primex Finance has established a strong foundation in leveraged yield farming and margin trading on DEXs, demonstrated by successfully raising $6.6M and integrating with major protocols like Ethena, Lido, Rocket Pool, Renzo, Ether.Fi, and Frax. The protocol's core infrastructure has been validated through comprehensive security audits by Halborn, Quantstamp, and Resonance.

Current Development Initiatives:

• Cross-margin portfolio management for multiple positions with a unified health factor.
• Direct integration with additional institutional RWA issuers.
• Support for more blockchain networks (new deployments).
• Expanded token support for leveraged trading on spot DEXs.
• Increased leverage opportunities for farming, including LST, LRT, and LP positions on Curve and Uniswap.
• Support for more oracles and price sources.
• Access to DeFi strategies through new interfaces, such as a Telegram Miniapp.

Risk Mitigation

Primex Finance implements a comprehensive risk management framework targeting critical aspects of protocol security. The protocol’s code has been audited by leading firms: Halborn, Quantstamp, and Resonance. The protocol’s team is also using multiple smart contract monitoring tools to further mitigate security risks.

Liquidation Security: Keeper-powered liquidation execution with buffer parameters and maximum leverage restrictions, based on rigorous calculations for each added asset individually.

Official Links & Resources

Official Website | Documentation | Whitepaper | GitHub | Roadmap
Twitter | Telegram Main | Telegram Announcements | Discord | Blog | LinkedIn | YouTube

PMX Token Contract Addresses:

• Ethereum: 0x0B3EAEAd748facDb9d943d3407011f16Eb17D0Cf
• BSC: 0x0B3EAEAd748facDb9d943d3407011f16Eb17D0Cf
• Arbitrum: 0x0B3EAEAd748facDb9d943d3407011f16Eb17D0Cf
• Polygon: 0x0B3EAEAd748facDb9d943d3407011f16Eb17D0Cf
• Base: 0x0b3eaead748facdb9d943d3407011f16eb17d0cf

This material is based on protocol documentation as of Q4 2023. Past performance does not guarantee future results. Please review all risk factors before participating.

Terms and Conditions

This presentation is for informational purposes only and does not constitute an offer or solicitation to sell securities or tokens in any jurisdiction. This presentation does not constitute legal, financial, or investment advice. Any information contained in this presentation is subject to change without notice. Investing in cryptocurrencies and blockchain projects involves substantial risk. Potential investors should conduct their own research and seek professional advice before making any investment decisions. The value of cryptocurrencies can be highly volatile, and investors may lose all or a significant portion of their investment. The project described in this presentation may be subject to regulatory scrutiny in various jurisdictions, and the legal and regulatory status of cryptocurrencies and blockchain technology may change in the future. It is the responsibility of potential investors to ensure compliance with all applicable laws and regulations in their respective jurisdictions. The information provided in this presentation is based on the assumptions and opinions of the project team, and there can be no assurance that the project's goals and objectives will be achieved. Past performance is not indicative of future results, and no representation or warranty is made regarding the accuracy or completeness of the information contained herein. By accessing or using this presentation, you agree to release the project team, its affiliates, and its representatives from any and all liability associated with the use of this information. You should not rely solely on the information in this presentation when making investment decisions. This presentation may include forward-looking statements that are based on the project team's current beliefs and expectations. These statements involve risks and uncertainties that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. Investors should be aware that the regulatory environment for cryptocurrencies and blockchain technology is evolving, and changes in regulations or enforcement actions could have a material impact on the project and its tokens.

This presentation is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. It is the responsibility of potential investors to determine whether they are eligible to participate in the project based on their jurisdiction's laws and regulations.

By accepting this presentation, you acknowledge that you have read and understood this disclaimer and agree to be bound by its terms.