Cross-chain prime brokerage protocol rolls out a significant replace to its utility. Launching in two phases, Beta 0.3.0 introduces a wide range of new options, in addition to enhancements and fixes of current functionalities.
Beginning on January twelfth, 2023, Part 1 was completely accessible for Primex Early Customers, who might be the primary to have a hands-on expertise with Beta 0.3.0. To any extent further, Early Customers will get privileged entry to all main protocol updates sooner or later (starting from Beta 0.3.0). Along with the possibility to check new releases earlier than different neighborhood members, additionally get pleasure from additional advantages, similar to direct communication with the Primex crew and fellow Early Customers by way of Discord, in addition to the power to take part in non-public challenges and earn unique prizes.
Beta 0.3.0 introduces 4 new core options. As the primary and a very powerful, Primex now deploys to 2 new blockchains: the Polygon Mumbai and Polygon zkEVM testnets. Consequently, customers can now take a look at Primex by buying and selling and lending digital belongings on DEXs throughout 4 completely different blockchains (Ethereum Goerli, zkSync 2.0 testnet, Polygon Mumbai, and Polygon zkEVM testnet). With the brand new multi-chain performance, merchants and lenders can now swap between completely different networks by way of a single interface.
“Once we requested our neighborhood which chains we should always deploy Primex on, Polygon was by far the best choice amongst voters. Whereas we have been completely satisfied concerning the outcomes, they did not come as a shock for our crew. Mumbai is the testnet of Polygon PoS, the Layer 2 blockchain with the very best DeFi TVL that may obtain as much as 7,000 TPS. However, zkEVM is a more moderen answer that makes use of ZK-rollups by way of the ultra-fast Polygon Zero know-how to attain a 90% charge discount for customers on Ethereum’s L2. For these causes, it makes nice sense to deploy Primex on the testnets of those two blockchains,” stated Vlad Kostanda, Primex Finance’s Co-Founder.
In addition to the above core options, the Primex crew launched further adjustments to the protocol as a part of the Beta 0.3.0 replace, together with:
Assist for the OKX Pockets, which customers can now make the most of to attach their wallets to Primex alongside MetaMask and WalletConnect
The combination of the QuickSwap v2 DEX on Polygon Mumbai
Enhanced buying and selling expertise by way of a brand new bot that periodically synchronizes asset costs on the testnet with the mainnet
Improved UX for downloading buying and selling historical past
The power to see the date and time when an order or place was created on the buying and selling web page
Bug fixes associated to the interpretation of the Primex utility’s sure parts and translation delays after a consumer switches between languages
Further optimizations and bug fixes
Based in 2021, Primex Finance is the first-ever cross-chain prime brokerage protocol that seeks to resolve the DeFi market’s liquidity fragmentation situation by enabling spot margin buying and selling backed by lenders throughout quite a few DEXs and blockchains with a very decentralized commerce execution mechanism. In September 2022, the crew superior to the subsequent stage of its roadmap by launching the platform’s Beta launch. Lately, the mission rolled out Beta 0.3.0, a significant replace to the protocol introducing a variety of vital options, functionalities, and fixes. For extra info, go to Primex’s and .