“Primex Finance is a leveraged trading and leveraged farming platform with features similar to CEXs, in a completely decentralized manner,” said Dmitry Tolok, Vice President of Project Growth, who gave a brief description of Primex Finance.

He and his co-founder Vlad Kostanda chatted about the features and future developments of the Primex Finance project.

Primex Finance, a non-custodial prime brokerage protocol, was created by a team of professionals who have previously worked on Polkadot, Cosmos, and various DeFi protocols.

The company, which started out in Ukraine, first attracted the attention of foreign investors such as Stratos and CoinFund, and then began to build a local community. The platform currently has an international user base and has reached 1 million users.

Currently working on Polygon, Arbitrum, and Ethereum, the team plans to expand to other chains such as Base and BNB Chain. This will allow user demand to play a significant role in Primex Finance’s decisions.

“There are also some chains that people specifically want to get into,” Kostanda said, noting, “For example, Avalanche and its LST protocols.”

“Just from a technology standpoint, I expect a lot of innovation from next-generation EVM-compatible chains like Monad. These chains will make transactions much faster and cheaper for the user, which is really important for the trading use case,” Tolok said.

Primex Finance is working on offering different investment strategies to users. Tolok explained this issue as follows:

“When we actually enter or exit a position, we support a lot of DEXs, for example Uniswap v2 and v3. And depending on the chain, we will be supporting the DEX LP strategy for the first time, which we will currently support for Curve. “This allows users to borrow an LP token from Curve pools and with it earn the APY of the pool and interest on the coins included in that pool.”

The application caters to different user roles and offers special sections for each user role. This includes different DeFi strategies, leveraged trading, and integrations with popular DEXs like Uniswap. The platform also uses Keeper infrastructure to automate certain processes and encourage participation.

Having launched its own Telegram Mini App, Primex PricePulse, the project continues to explore Telegram as an alternative interface for DeFi access. In the game, users predict the future prices of Bitcoin, Ethereum and common tokens and earn points for correct predictions.

“For me, the long-term goal of PricePulse is to introduce trading and investment capabilities and make them as simple as possible. All these on-chain transactions are possible to do in a customary way thanks to different solutions such as dynamic,” said Tolok.

Excited about RWA tokenization in DeFi, the Primex team pointed out the limitations of traditional finance, saying, “The biggest value that blockchain and DeFi can bring to these assets is financial programmability because this does not exist in the real economy.”

While the RWA sector may eventually reach the expected heights, integrating these assets into DeFi remains a number of challenges. “RWAs are completely different from an architectural and legal standpoint,” said Kostanda. “Some are already tokenized on-chain, while others can only be accessed through Web2 APIs and must then be tokenized.”

Currently, Primex supports gold-backed tokens such as Paxos Gold (PAXG) and T-bill-backed stablecoin USDY. “By supporting value-adding stablecoins like USDY, you can actually increase your APY by taking a leveraged position,” Kostanda said. “We plan to add some more commodities and assets in the future. The important thing for us is to provide both lending and borrowing for those assets.”

The most anticipated feature of Primex Finance’s next upgrade will be the introduction of portfolio management. Portfolios will allow users to manage multiple positions under one roof.

“Currently, the positions that can be opened by the trader or farmer are isolated margin positions. But in the next version, we plan to introduce portfolios consisting of many positions with a health factor. This will allow the creation of more advanced financial instruments,” Tolok said.

Portfolios will allow users to have more flexibility and control over their DeFi activities.