Primex Finance Introduces Beta 0.3.0 App With Deployments to Polygon Mumbai and zkEVM Testnets

Kyiv, Ukraine, 18th January, 2023, Chainwire

Cross-chain prime brokerage protocol Primex Finance Rolls out a major update of its application. Beta 0.3.0 was launched in two stages and includes a range of new features, improvements, and fixes to existing functions.

Primex Early users were the first to get a hands-on experience using Beta 0.3.0, and Phase 1 began on January 12, 2023. Beginning with Beta 0.3.0, Early Users will have privileged access to all future protocol updates. You will also have the opportunity to test new releases prior to other members of the community. participants of the program You also have the option to communicate directly with Primex staff and Early Users via Discord.

The Primex team will allow anyone to access Beta 0.3.0 on January 18, 2023. launch the application You can test the new release with no restrictions.

Four new core features are introduced in Beta 0.3.0. Primex now supports two new blockchains, the Polygon Mumbai testnet and Polygon zkEVM. This is the first and most important feature. Users can now use Primex to trade and lend digital assets across four blockchains: zkSync 2.0, Polygon Mumbai and Polygon ZkEVM. With the new multichain functionality traders and lenders are now able to swap between different networks through a single interface.

“Polygon was the most popular choice of voters when we asked them which chains they should use Primex on. Although we were pleased with the results, it wasn’t surprising to our team. Mumbai is the testnet for Polygon PoS Layer 2 Blockchain with the highest DeFiTVL, which can achieve up to 7,700 TPS. zkEVM, on the other hand is a more recent solution that utilizes ZK-rollups through the super-fast Polygon Zero technology in order to reduce fees for users of Ethereum’s L2. Primex should be deployed on these testnets because it is a great idea. Vlad Kostanda is Primex Finance’s co-founder.

The Beta 0.3.0 update introduced additional features to the protocol by the Primex team, which included:

  • Support for OKX WalletWalletConnect, MetaMask and WalletConnect are now available to users to link their wallets with Primex.
  • Integration of QuickSwap 2 DEX on Polygon Mumbai
  • A new bot enhances trading experience by synchronizing asset prices on testnet and mainnet periodically
  • Improved UX for downloading trading history
  • You can see the date and the time that an order or position was created from the trading page.
  • Bug fixes for the Primex application’s translation components and translation delays following a switch between languages
  • Additional optimizations, bug fixes

Primex Finance

Founded in 2021, Primex Finance is the first-ever cross-chain prime brokerage protocol that seeks to solve the DeFi market’s liquidity fragmentation issue by enabling spot margin trading backed by lenders across numerous DEXs and blockchains with a totally decentralized trade execution mechanism. In September 2022, the team advanced to the next stage of its roadmap by launching the platform’s Beta release. The project recently released Beta 0.3.0. This major update introduced a variety of new features, functionalities and fixes. For more information, visit Primex’s website And blog.

Get in touch

CMO
Anton Demenko
PrimexLabs OÜ
anton@primex.finance

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