Primex Finance starts its beta version, with which users can experience their cross-dex trade functions

primex finance , the very first cross-chain-brokerage-protocol, starts the Primex beta in the Ethereum Goerli test network. The beta version enables users to experiment with the cross-dex-spot margin trade of the protocol. With the beta start, Primex also introduces the new recommendation program for early users, which offers early registered advantages and on the recommendation based.

Defi has the potential to strengthen investors and dealers financially in a way that was previously unthinkable in the traditional financial world. Nevertheless, most of the existing DEXs with margin trade functions still use centralized trade execution mechanisms and have a limited number of assets that are available for margin trading as derivatives.

Primex decentralizes the trade design mechanism to enable a greater variety of actions on Dexs. Instead of centralized order books, all automated trading versions on Primex are carried out by a network of administrators. As a result, decentralization can be maintained during the entire trade process, from creating an order to the closing of the position.

The beta version of the Primex protocol introduces key functions, such as:

• Spothandel without lever: Primex dealer can now use different types of orders-stop losses, take-profit and limit orders-for non-levered cassage shops, which makes it easier to trade in pairs of cryptocurrency without leverage.
• Primex splinters: A new mechanism that acts as an aggregation solution, divides swaps into several Dexs and helps users to make their trades more efficient by reducing slipping and finding the best swap sets without additional fees.
• Open position and change of order: Introduction of the possibility for users, the deposit, take profit/stop league (TP/SL), the limit price and the leverage effect of open orders.
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• partial position: retailers now have the option of partially closing an open position. If a position is partially closed, the returned funds are distributed between the Credit Bucket and the trader depending on the debt size.
• Spot order and position data: Advanced data display to conclude information about the cash orders and positions of each dealer.
• WalletConnect integration: In addition to metamask, users can now use walletConnect, which expands the variety of crypto wallets connected to Primex.
• New Dex integrations: Primex Beta supports two new Dexs (curve and balancer) and uniswap V3 pools with different fees.
• Bucket reserves: A new mechanism that automatically shifts part of the dealer fees to the reserve pool of each credit bucket to insure them against potential losses.
• multilingual support: The Primex platform is now available in seven other languages to provide access to a more localized and user-friendly experience.

In addition to the new mechanisms introduced with Primex Beta, the recommendation program offers rewards as input for inviting new users on the platform. Connections and recommendation contributions are automatically tracked using Smart Contracts in order to save the data transparently in the chain. In addition, the ear-user program grants participation in private challenges for the opportunity to gain exclusive prices and access to private primex-discord channels. Ultimately, early users can also participate in the participation Ambassador program to obtain exclusive premiums only for ambassadors.